Company Number: N1030661 Charity Number: NIC104597 Shankill Parish Caring Association {A company limited by guarantee, not having a share capitall Annual Report and Unaudited Financial Ststements for the financial year ended 31 March 2023 -.J¢K¥F <rt•". Ilniiit Shankill Parish Caring Association J'¥tHRO centre Daly Park & Company Ltd Chartered Accountants 4 Camegie Street Lurgan Co. Armagh 8T66 6AS Northem Ireland
Shankill Parish Caring Association IA company Ilmlted by guarantee, not having a share capital) CONTENTS Page Trustees, and Other Information Trustees, Annual Report 4-13 Statement of Trustees, Responsibilities 14 Independent Examinerfs Report 15 Statement of Financial Activities 16-17 Balance Sheet 18 Notes to the Financial Statements 19-25 Supplementary Inft)rmation relating to the Financial Statements 26-28
Shankill Parish Caring Association IA company limlted by guaranteg. not havlng a share capital) TRUSTEES. AND OTHER INFORMATION Trustses Vivien Hannah Abemethy Rodney Beaumont Brian Richard Craig lan Gibson DesmondJohn Gregg Mark Harvey Erin Kissick Patricia Bassett Celine Mccready Sheelin McKeagney Alan Denver Kevin O'Hara Avril Stevenson Chris Stevenson Daphne Jonés Charity Number in Northern Ireland NIC104597 Company Number N1030661 Registered Office and Principal Address The Jethro Centre 6 Flush Place Lurgan Craigavon Co. Armagh BT66 7DT Northem Ireland Independent Examiner Daly Park & Company Lld Chartered Accountants 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northern Ireland Bankers Danske Bank 39 Market St Lurgan Co. Armagh BT66 6AB Northern Ireland Solicitors Watson & Neill 23 High Street Lurgan Co. Armagh BT668AH Northern Ireland
Shankill Parish Caring Association IA company limited by guarantee, not havlng a share capttall TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2023 The trustees present their Trustees, Annual Report, combining the Directors, Report and Trustees, Report, and the unaudited financial statements for the financial year ended 31 March 2023. The financial statements are prepared in accordance with the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Trustees, Report contains the information required to be provided in the Trustees, Annual Report under the Statement of Recommended Pradice (SORP) guidelines. The trustees of the company are also charity trustees for the purpose of charity law and under the company's constitution are known as members of the board of trustees. In this report the trustees of Shankill Parish Caring Association present a summary of its purpose, governance, activities, achievements and finances for the financial year 31 March 2023. The charity is a registered charity and hence the report and results are presented in a form which complies with the requirements of the Companies Act 2006 and. although not obliged to comply with the Slalemenl of Recommended Practice applicable in the UK and Republic of Ireland FRS 102, the organisation has implemented its recommendations where relevant in these financial statements. Chairnian's Introduction On behalf of the members and Trustees of Shankill Parish Cartng Associalion l am delighted to report on another challenging. yet fruitful 12-month period. The restrictions felt during COVID and the afiermath have now been fully lifted and operalions have returned to levels unseen since 2019. Centre footfall has been at an all-time high and new funding has allowed us to expand support SeNiS to Ethnic Minority Communities and refresh our Cedar's project. A personal highlight has been the ability to support the large number of Ukrainian refugees in the Lurgan area with safe spaces to meet, signposting and arranging Community activities. These displaced families have suffered so much due to the ongoing war in Ukraine, and it is a privilege to support them at this time. The post COVID economy and the war in Ukraine however has also brought significant challenges to the sector and. sadly. we have not been immune. With such a large building with high occupancy 7 days a week. Ihe surge in energy costs placed immense pressures on finances. Funding cuts across the public sector also reduced income in some key areas. As a result. the Trustee5 had no option but to raise rental fees for the first-time in several years. As Chairperson. I would like to thank the members ofthe Board for their support and efforts during the calendar year. We have a diverse and committed Board without whom the organization could not function to the levels we achieve. I would also like to record my appreciation to the staff and volunteers for their contribution and dedication throughout the year. It is also important to thank a number of Organisations without whose support we could not operate. IncredABLE, NI Community Relations Council. Shankill Partsh Church. Southern Health Trust. ABC Council. The Rank Foundation, The Executive Office and the Depl of Foreign Affairs and Trade (ROI). Their support. both financial and operational, has been essential to our success. 6N2 (SPCA Chair) Review of Activities, Achievements and Perfomiance COMMUNITY PROVISION The 22123 year once again heralded changes as we welcomed new friends to the Cenlre and sadty said goodbye to others. Long-standing friends such as Lurgan Probus Club. amongst others. ended their tenure at the Jelhro Cenlre. This was due to a myriad of factors such as declining membership, funding cuts and room availability. We were delighted to welcome back Lurgan Musical Society after several years and also new regular clients such as Little Stars frjotball. The year was buoyant for room hire overall with the Centre being a5 busy (during day-time hours) as staff Gould remember in over 10 years. The Trustees note however that there is scope for improved occupancy during the evenings. We continue to provide quality affordable accommodation to a range of local Charities, voluntary groups, Church organisations and more. Footfall on average has been about 1,900 individuals per week across Ihe year. We also have been privilege(J lo support our partners at Shankill Parish with facilities during repair works at their premises. This has added extra life, and income, to the Centre overall.
Shankill Parish Caring Association IA company limited by guarantee. not having a share capital) TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2023 -JLIl, Members of the Paul King Art Club displaying their creations in the Jethro Centre foyer A full range of Youth Organisations also mel in the building during the year (Scouts, Guides etc) but a loss of funding in-year has meant there has been no meaningful financial contribution to their room use. This has had to be offset by the Trustees to maintain this crucial seNice to young people and families. Highlights in year included the retum of our Community Santa's Grotto. With so many local families experiencing financial pressures. we sought to provide a highly interaclive and engaging Grotto experience to children for free. Over 200 children received a story in our nativity stable before meeting Santa and getting a complimentary gift and photo. We also provided a one-off special opening for Ukrainian Children with interpreter provided. Other highlights included the launch and operation of our Living Room project in partnership with Shankill Parish Church. Providing a wam and safe space through the winter months for vulnerable people, the Living Room often had over 20 people in attendan per week. Soup, roll and a warm cup of tea was provided and stafffvolunteers from SPCA and Shankill Church facilitated conversation and craic. The project has since continued after the colder winter months as participants enjoyed the sessions so much they wanted to keep meeting for social interaction and friendship. Staff, volunteers and participants at the Living Room enjoylng a talk on Tommy's sports car
Shankill Parish Caring Association IA company limited by guarantso, not havlng a share capital) TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2023 Funding secured from the Rank Foundation Start Here Programme also enabled us to recruit a new Community Development Assistant (Elaine Livingstone) for a 3-year period. This new addition to the staff team has breathed new life and ideas into the day-to-day operation of the building. Elaine's role is to support all facels of SPCA aclivty whilst developing her own career skills for a long-temi future in the sector. OPERA TIONS & MAINTENANCE We remain committed to regular maintenance and investmenl to the facility both proactive and reactive. A clean and fit for purpose facility is crucial to engaging the Community around us and meeting their needs. In addition lo regular maintenance, the Trustees are currently working to solve a drainage issue on-site caused by tree root damage. A provision estimate for the works is circa £10,000 which may need to come from the organisalional reserve. The surge in energy costs since the war in Ukraine has also resulted in energy bills which are unsustainable long term. The Board are currently investigating a range of energy saving solutions. They have consulted with Action Renewables to prepare an options appraisal. The Board are also seeking quotes for a full replacement of on-site lighting to LED and funding opportunities to pay for same. There have also been increasing costs to maintaining our mini-bus and the Board are aware that a replacement will likely be required in the nexi 12 months. Just some ol the SPCA volunteer team at the Volunteer Celebration evening 2023 We also continue lo invest in our staff and volunteers with a range of mandatory and professional development opportunilies. Staff have completed training in areas such as Firsl Aid, Fire Management. Social-media. PR and much more.
Shankill Parish Caring Association IA company limited by guarantee. not having a share capltsl) TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2023 Staff and Volunteers completing their fire management training 2023. COMMUNITY RELA TIONS PROVISION In the last twelve months our Community Relations Officer (Carole Kane), has continued to provide a range of mentoring and support servi$ to PUL and CNR Community Leaders. This work included consullation events with representatives from the Government of the Republic of Ireland and "Explainerf, events to challenge the confusing narrative around the Brexit Protocol as examples. This engagement work is vital to developing understanding between Communities, fostering peace and reconciliation. and building a sustainable peace in Nl. Carole also fomied and operated a Lurgan Practitioners Forum, meeling in the Jethro Centre monthly, to bring community sector workers in the area together lo share information and explore mutual working opportunities. Our Community Outreach Group also delivered approx. 8 events with talks and discussions on shared history, faith and conflict (such as the impact of the Omagh Bomb) during the year. Bringing members together from Churches across the Lurgan area this work is important to challenge the misconceptions that can often arise ENGAGEMENT WITH ETHNIC MINORITIES Our new Minority Ethnic Support Worker (Polina Malchevaj receivlng a donation toward project costs fmm Lurgan Rotary Club
Shankill Parish Caring Association {A company limited by guarantee. not having a share capltal) TRUSTEES. ANNUAL REPORT for the financial year ended 31 Marth 2023 With funding secured for a 3-year project from The Executive Office {Racial Equalily) we have been able lo continue strategic engagement and support for Ethnic Communities in the local area. Unfortunately, delays in the letter of offer resulted in a part-time worker (Polina Malcheva) not being appointed to April 2023, a full year into the funding offer. However, thanks to a considerable number of volunteer hours from one of our Trustees we still made considerable in- roads with the project in that waiting period. Highlights include.. Support sessions and meeting space to the Ukrainian refugee community Arab Feast Celebration Event for members of the Syrian and Middle Eastern Community. Two community celebration events for the Bulgarian Community Training sessions for Community Leaders in Corporate Governance, Funding et Assisting Community Leaders with Audit and Accountancy advice Hosting a visit from the Coventry Roma Group to share Iheir experience and ideas with local Roma Community. Tentative engagement activity with the East Timorese Community Ukrainian Santa's Grotto Event CEDARS PROJECT & SENIORS PROVISION Our Seniors, Programme in 22123 has been delivered by our team of volunteer group leaders, Seniors, Project Worker (Carmel McKennal and new Community Development Assistant (Elaine Livingstone). The projects aim to prevent social isolation, combat health impairment and simply °get more out of life.. New logo for the Cedars project The key points of our Seniors Provision are as follows: A refresh and rebranding of our Cedars, Programme to bring more cohesion and equity across the various Cedars groups. Cedars continued to provide a range of weekly activities to help those aged over 50 with social, mentsl and physical slimulation. These activities aim to boosl self-confidence, preventing cognitive decline, inspiring others. enabling recovery. promoting wellbeing and reducing stresslanxietylisolation.
Shankill Parish Caring Association IA company limited by guarantee, not having a share capital) TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2023 Members of the Cedars Walking Group out on the hills of Northem Ireland Over 350 individuals enrolled during the year and approx. 250 per week attended activities such as Walking, Stretch & Relax. Badminton, Bridge, Bible Study, Pickleball and various other activitie5. We ran our first Tea Dances since the COVID outbreak bring back local residents of care homes and isolated people living al home. 25 attending this popular and sorely missed activity- '!triir Attendees at our first ' post-covid" Tea Dance for Care Home residents and local olderpeople
Shankill Parish Caring Association IA company limit9d by guarantee, not having a share capital) TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2023 PALMS DAY CENTRE Delivered under our service level agreement with The Southern Health and Social Care Trust land supplemented each year by our own fundraising efforts). PALMS have supported up to 14 clients per day each Wednesday, Thursday and Friday for 48 weeks of the year. These clients are at high risk of social isolation as they have a range of physical andlor mental impairments. Each day during the year clients were transported to the Centre and welcomed by the stafflvolunteer team. Clients were engaged in conversation and a tailored plan of physicallmental stimulation. They were also provided with moming tea and a nutritious healthy lunch. Staff and Client at Palms Day Centro Special events were also arranged for the clients during the year to add extra excitement and engagement. Examples include Therapy Donkey Day, Coronation Celebrations, Valentines Celebrations. Sanlalchristmas Party, Easter party with Easter Rabbits and much more. Clients from Palms also won prizes at the local Lurgan Show for their craft activities. KIDZ PATCH DAY CARE Delivered in partnership with Kings Park Primary School, Kidz Patch is a core part of our services. delivering quality care for an average of 28 children per day (202212023) after school. This has been a highly challenging year for Kidz Patch with a significant financial loss. This has been due to the increase in working-from-home arrangements and the overall cosl of childcare putting pressure on family budgets. This greatly reduced setvice demand in the early part of 22123 although some shoots of recovery were seen as the year ended. Pressures on expenditure also contributed to the loss, especrally energy costs and the mandatory rise in the living wage. To stabilize the financial performance of Kidz Patch, their sub-committee has taken the unprecedented step of raising fees by 10% and investing in an additional vehicle to offer collections from other local primary schools. 10
Shankill Parish Caring Association {A company limited by guarantee, not having a share capital) TRUSTEES, ANNUAL REPORT forthe financial year ended 31 March 2023 -¥1 IPOLICE v F PSNI visit to Kidz Patch Playgroup During the school year a successfijl Playgroup service was also delivered for an average of 24 children per day, developing social skills and foundalional learning prior to entering the school system. 11
Shankill Parish Caring Association IA company limited by guarantee. not having a share capital) TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2023 Financial Results At the end of the financial year the charity has assets of £1.874,298 (2022 £1,952,147) and liabilities of £40,232 (2022 - £64.642). The net assets of the charity have decreased by £(53,439). Reserrfes Position and Policy The reseNes position of the Charity at the end of the financial year is on note 12.2 to the arLounts. Jèthro Reserves." The trustees have confirmed £150,000 as the level of free reserves that the charity aims to have on an ongoing basis. The Irustees believe this level of resetves is essential to cover running costs and redundancies should funding ease. This reserve policy is an integral part of the charity's planning, budget and forecasts. Kidz Patch ReseNes.' The trustees have confirmed £85,000 as the level of free resetves that Kidz Patch need to have on an ongoing basis. The trustees believe this level of reserves is essential to cover running costs and redundancies should trade fall. This resetve policy is an integral part of the charity's planning, budgel and forecasts. 12
Shankill Parish Caring Association IA company limlt6d by guarantee, not having a share capital) TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2023 Trustees The Iruslee5 who Served throughout the financlal year. except as noted. wer8 as follows.. Wwien Hannah Abemgthy Rodney Beaumont Brian Richard Craig lan Gibson Desmond John Gregg Mark Harvey Erin Kissick Patricia Bassett Celine Mccready Sheelin McKeagney Alan Denver Kevin O'Hara Avril Stevenson Chris Stevenson Daphne Jones In accordance with the Conslilulion. the Iruslees retire by rolalion antl. being eligible. offer themselves for re-election. Compliance with Sector-wide Legislation and Standards The ¢harily engages proactively with legislation, standard5 and codes which ere developed for the seGlor. Shankill Parish Caring Association subscribes t¢ and is compliant the lollowing-. The Comp8nles Act 2006 The Charities SORP IFRS 1021 Approved by the Board of Trustees on 2nd October 2023 and slgned on Its behalf by- Brran Ri¢har Trustee raig Patricia Bassett Trustee 13
Shankill Parlsh Caring Association IA ¢OTnpany limited by guarantÈè, not17aving a share capltall STATEMENT OF TRUSTEES, RESPONSIBILITIES for the financial year ended 31 Mar¢h 2023 The Iruslees. who are also directors of Shankill Parish Caring Associalian for the purposes of company law, are r8sponsible for preparing the financlal statements in accordance with appli¢8blè law and regulations. Company law rÈquirgs the trustees as the directors lo prepare financial statements for each financial year. Under th81 law the truslèos have elected lo prepare the financial slalemenls in accordance with United Kingdom Generally Accepted Accounting Pra¢li¢e (United Kingdom Accounting Standards and applicable lawl including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. Section 1A (Small Enliliesl- Under company law th8 Injslees musl not approve the finan¢ial slalements unless they are satisfied that thèy give a true and fair view of the slate of affairs of the company and of the surplus or deficit of the company for that period. In PTeparing these financial stslements, thè trustèes ara required to.. Select suilabla a¢¢ovnling policies and apply them consisiently.. make judgements and eslimales that are rèasonable and prudent- slate whethèr the financial stalemenls have beèn ppared in accordance with the relevant financial reporting framework, identify those standards. and note the effect and the reasons for any material departure from those stsndards- and prepare the financial statements vn the going concern basis unless il is inappropriate lo presume that the charity will Gonlinue in operation. The trustees confirni ihat they have complied wilh the above requirements in pr8paring the financial statements. The trustees are responsible for keeping adequate accounling records that are sufficient to show and èxplain the charitys transactions and dis¢lose with reasonable accuracy at any time the financial posltion of thè charity and ¢nable them to ensure that the fin8n¢ial slalemenls comply with. They are also responsible for safeguarding Ihe assets of the charity and hence for taking fèasonable steps for the prevention and detection of fraud and other irglarity.e$. Approved by thè Board of Trustees on 2nd of October and slgned on Its bèhalf by.. Briarfkichard cAig Trustee Patricia Bassett Trustee 14
Shankill Parish Caring Association IA company limited by guarantee, not having a share capltall INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF SHANKILL PARISH CARING ASSOCIATION We have examined the financial statements of the charity for the financial year ended 31 March 2023, which comprise the Ststement of Financial Activities (incorporating an Incomè and Expenditure Account), the Balan Sheet and the related notes. Respective responsibilities of trustees and examiner The charity's Irustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial slatements in accordance with the requirements of the Companies Act 2006. The charity's truslees consider that an audit is not required for Ihis financial year under Chapter 3 of Part 16 of the Companies Act 2006 and that an independent examination is required. It is our responsibility lo: examine the financial statements under section 65 of the Charities Ad: follow the procedures laid down by the general Directions given by the Charity Commission for Northem Ireland under section 65{9){b) of the Charities Act., and state whelher particular matters have come to our attention. Basis of independent examinerfs report We have examined your charity financial statements as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65{9){b) of the Charities Act. An examination includes a review of the accountin9 records kept by the charity and a comparison of the financial statements presented with those records. 11 also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the Irustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fairf view and the report is limited to those matters set out in the statement below. In connection wilh our examination, no matter has come to our attention which gives us cause to believe that in, any material respect: accounting records were not kept in accordan with section 386 of the Companies Act 20[ the financial statements do not accord with those accounting records the financial statements have not been prepared in accordance with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Stalement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102) there is further infomiation needed for a proper understanding of the accounts to be reached. Independent examinerfs statement We have no COnrnS and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Clara ooney For and on behalf of DALY PARK & COMPANY LTD Chartered Accountsnts 4 Camegie Street Lurgan Co. Armagh BT66 6AS Northem Ireland Date: 2 October 2023 15
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Shankill Parish Caring Association IA company Ilmlted by guarantee, nat bavlng a share capital) Company Number.. N1030661 BALANCE SHEET as al 31 March 2023 2023 2022 Notes Fixed Assèts Tangible a$5ets 1,613.751 1,663,987 Currènt Assets Debtors C8sh al bank and in hand 10 49,584 210.963 29,216 258.944 260.547 288,160 Creditors: Amounts falllng due wlthin one year 11 140,2321 164,6421 Net Current Assets 220,315 223,518 Total Assets less Current Liabilltles 1,834.066 1,887,505 Funds Endowment funds Incomè funds: Restricted funds Unreslricled dèsignated fund5 General fund lunrestricledl 1,554,219 1.602,320 1.165 67.128 211,554 2,605 65.199 217.381 Total fvnds 12 1.834.066 1,887,505 These financial slatement5 have been prepared in accordance with the spe¢lal provisions relating to small companl8s within Part 15 of the Companies Act 2006. For the financial year Énded 31 March 2023 the charity was enlilled lo èxèmption from audit under section 477 01 the Companies Act 2006., and no notice has been deposited undèr section 476. The Irustees confirm that Ihe members have nol required th¥ company lo obtain an audlt of ils financial statements for the financial year in question in accordance wilh section 476 of the Companies Act 2006. Thg trustees acknowledge their respon5ibllities for ensurfng that the charity keep5 a¢¢ounting records which comply wlth section 386 and fur preparing financial statements which give a true and fair view of the state of affairs ol the charity as at Ihe end of the financial year and ol 115 profil and loss for the financial year in accordance with thè requirernenls of sections 394 and 395 and which otherwise comply with the roquiremenls of IhB Companie5 Act 2006 relating lo financial statements. so far as applicable to the charily. The financial statements have been preparod in accord8n¢e with the provisions applicable to companies subject lo Ihe small companies, regime and in accordancg Wth FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" #pplying SectTon 1A orthal Standard. of Trustees and authori5ed for issue on 2nd October and slgned on its behalf by Approved by the Boar. Brian RiGhartsralg Trustee Patrlcia Ba$sott Trustee The notes on pages 19 t¢ 25 forn part of Ihe financial slat8m8nts 18
Shankill Parish Caring Association {A company limited by guarantee. not having a sharg Capitsll NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2023 GENERAL INFORMATION Shankill Parish Caring Association 15 a company limited by guarantee incorporated in Northern Ireland. The registered office of the charity is The Jethro Centre, 6 Flush Place. Lurgan. Craigavon, Co. Armagh. BT66 7DT, Northern Ireland which is also the principal place of business of the charity. The financial slatements have been presented in Pound Sterling (£) which is also the functional currency of the charity. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied Consistently in dealing with items which are considered matertal in rèlation to the charity's financial statements. Basis of preparation The financial statements have been prepared on the going concern basis under the historical cost onvention, modified to include rtain items at fair value. The financial statements have been prepared in accordance with the Slalement of Recommended Practice (SORPI ' Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland FRS 102" applying Section 1 A of that Standard. As permitted by the Companies Act 2006. the charity has varied the slandard formats in that act for the Statement of Financial Activities and Ihe Balance Sheet. Departures from the standard formats are to comply with the requirements of Ihe Charities SORP and are in Complian with section 4.7, 10.6 and 15.2 of that SORP. Staternent of compliance The financial statements of the charity for the financial year ended 31 December 2017 have been prepared on Ihe going concem basis and in accordance with the Slalemenl of Recommended Practice {SORPI "Accounling and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Standard. Fund accounting The following are the categories of funds maintained= Restricted funds Restricted funds represent the monies held by the charity that must be spent on specified expenses. Unrestrlcted funds Unrestricted funds consist of General and Designated funds. General funds represent amounts which are expendable at the discretion of the board, in furtheran of the objectives of the charily. Designated funds comprise unrestricted funds that the board has. at ils discretion. set aside for particular purposes. These designations have an administrative purpose only, and do not legally restrict the board's discretion to apply the fund. Endowmentfunds The Building Fund represents the release of the restricted grants to the unrestricted reserves of the chartty. This is due to their potenlial claw back reducing eac h yéar in line with the grant's original letters of offer. Income Voluntary income or capital is included in the Statement of Financial Activities when the charity is legally entitled to it, its financial value can be quantified with reasonable certainty and there is reasonable certainty of its ultimate receipt. Entitlement to legacies is considered established when the charity has been notified of a distribution to be made by the executors. Income received in advance of due performance under a contract is accounted for as deferred income until earned. Grants for activities are recognised as income when the related conditions for legal entitlement have been met. All other income is accounted for on an accruals basis. 19
Shankill Parish Caring Association IA Company limitsd by guarantee. not havlng a share capltsll NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 Expenditure All reSoUrS expended are accounted for on an accruals basis. Charitable activities include costs of services and grants, support costs and depreciation on related assets. Costs of generating funds similarly include fundraising adivities. Non-slaff costs not attribuled to one category of activity are allocated or apportioned pro-rala to the staffing of the relevant seNice. Finance, HR, IT and administrative staff costs are directly attributable to individual activities by objective. Governance costs are those associated with constitutional and statutory requirements. Tangible fixed assets and depreciation Tangible fixed assets are slated al cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assels, less their estimated residual value, over their expected useful lives as follows.. Land and buildings freehold Plant and machinery Fixtures. fittings and equipment Motor vehicles 2 % Straight line 15% Reducing Balance 20 % Reducing Balan and 33.30/0 Straight line 25 % Straight line Debtors Debtors are recognised at the settlement amounl due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the charity from government agencies and other Go-fvnders, but not yet received at financial year end, is included in debtors. Cash at bank and in hand Cash at bank and in hand comprises cash on deposit at banks requiring less than Ihree months notice of withdrawal. Taxation No current or deferred taxation arises as the charity has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred. Any surpluses made by the charity in the financial year are used for charitable purposes which are exempt from taxation by HM Revenue & Customs. 3 INCOME DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds 2023 2022 SH&SCT ABC Council Covid Support Grants Community Relations Council Other Grants & Donations 68.224 68.224 9,200 65.638 9,331 49,834 34,248 18,714 9,200 34,363 20,126 34,363 25.174 5,048 63,689 73,272 136,961 177.765 CHARITABLE ACTIVITIES Unrestricted Restricted Funds Funds 2023 2022 Contributions to running ¢))sts Enrolments Parents Contributions Walkers Holiday Monies Cedars Subscriptions Palms Contributions 20,054 3.886 162,531 20,054 3,886 162,531 21,045 10,502 3,429 14,686 4,026 134,339 15,056 8,887 3.520 21,045 10.502 3,429 186,471 34,976 221,447 180,514 20
Shankill Parish Caring Association IA company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS continued forthe financial year ended 31 March 2023 OTHER TRADING ACTIVITIES Unrestricted Restricted Funds Funds 2023 2022 Room Hire Equipment & Bus Hire Calering Income 100,700 100,700 75.382 78 2,299 8,298 8.298 109,841 109.841 77,759 INVESTMENTS Unrestricted Restricted Funds Funds 2023 2022 Investrnents 640 191 OTHER INCOME Unrestricted Restricted Funds Funds 2023 2022 Biomasslsolar Income 2,333 2.333 2,395 EXPENDITURE RAISING FUNDS Direct Costs Other Costs Support Costs 2023 2022 Catering Charges Building Running costs Bus Costs 8.470 106,156 3,135 8.470 106,156 3,135 4,466 81.330 3.457 117,761 117,761 89.253 CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2023 2022 Costs of Charitable Activities {1501 53,234 353,816 406,900 402,096 21
Shankill Parish Caring Association {A company Ilmlted by guarantee, not havlng a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 ANALYSIS OF SUPPORT COSTS 2023 2022 Depreciation Salaries, wages and related wsts General office costs Accountancylconsultancy fees 50,236 291,597 7,046 4,937 51,178 282,441 11,897 4,988 353,816 350,504 NET INCOME 2023 2022 Net Income is stated after chargingl(crediting): Depreciation of tangible assets Grants receivable received 50.236 51.178 (15,821) INVESTMENT AND OTHER INCOME 2023 2022 CJRS Grants received RHIIROCS Income Bank interest 15,821 2.395 191 2,333 2,973 18,407 EMPLOYEES AND REMUNERATION Number of employee5 The average number of persons employed (including executive trustees) during the financial year was as follows.. 2023 Number 2022 Number Employees 20 20 The staff costs cx)mprise: 2023 2022 Wages and salaries Pension costs 286,356 4,178 276.389 4,229 290,534 280,618 22
Shankill Parish Caring Association IA company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 TANGIBLE FIXED ASSETS Land and buildings freehold Plant and Fixtures, machinery fittings and equipment Motor vehicles Total Cost At 31 March 2023 2,405,027 15,766 140.967 28,000 2,589,760 Depreciation At 1 April 2022 Charge for the financial year 753,828 48,101 7,330 1,265 136,615 870 28,000 925,773 50,238 At 31 March 2023 801,929 8.595 137,485 28.000 976.009 Net book value At 31 March 2023 1,603,098 7,171 3.482 1.613.751 At 31 March 2022 1,651,199 8,436 4,352 1,663,987 10. DEBTORS 2023 2022 Trade debtors Prepayments and accrued income 31,337 18,247 14,960 14,256 49,584 29,216 11. CREDITORS Amounts falling due within one year 2023 2022 Bank overdrafts Trade creditors Taxation and social security costs Accruals and deferred income 5.585 8,048 7,689 18,910 15.814 7,654 21.461 19.713 40,232 64,642 12. FUNDS 12.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Funds Restrictsd Endowment Funds Funds Total Funds At 1 April 2021 Movement during the financial year 283,422 (842) 6,387 (3.782) 1,650,421 (48,101) 1.940.230 (52,725) At 31 March 2022 Movement during the financial year 282,580 (3,898) 2.605 (1,440) 1,602,320 (48,101) 1,887,505 (53,439) Al 31 March 2023 278,682 1,165 1,554,219 1,834.066 23
Shankill Parish Caring Association IA company Ilmlted by guarantee. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 12.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 April 2022 Income Expenditure Transfers between funds Balance 31 March 2023 Endowment funds Building Fund 1,602.320 48.101 1,554,219 Restricted funds Executive Office Cedarswalkers Palms Friendship Funded Projects 4,608 31,647 71,993 4,609 28,959 82.513 (2,688) 10,520 1,165 1,440 1,165 4,289 2,849 2,605 108,248 120,370 10,682 1,165 Unrestrictsd funds Kidz Patch Unrestricted General 62,544 220,036 162.531 200,443 159.284 196,906 1,337 (12,019) 67,128 211,554 282,580 362,974 (356,190) {10,682) 278.682 Total funds 1,887,505 471,222 524,661 1,834,066 Jethro Reserves The trustees have confirmed £150.000 as the level of free reserves that the charity aims to have on an ongoing basis. The trustees believe this level of reseNes is essential to cover njnning costs and redundancies should funding cease. This reserve policy is an integral part of the charity's planning. budget and forecasts. As shown above the Jethro reserves are £211,554. This is made up as follows= Cash at bank.. £145,566 Assets: £50.722 Debtors: £46.951 Creditors.. £ {31,685) Kidz Patch Reserves The Ifustees have confimed £85.000 as the level of free reserves that Kidz Patch need to have on an ongoing basis. The trustees believe Ihis level of reserves is essential lo cover running costs and redundancies should trade fall. This resetve policy is an integral part of the charity's planning, budget and forecasts. As shown above the Kidz Patch reseeS are £67.128. This is made up as follows.. Cash at bank: £59.813 Assets.. £7,652 Debtors.. £7,875 Creditors.. £ (8,212) 13. STATUS The charity is limited by guarantee not having a share capital. The liability of the members is limited. Every member of the company undertakes to contribute to the assels of the company in the event of its being wound up while they are members, or within one financial year thereafter. for the payment of the debts and liabilities of the company contracted before they ceased to be members. and the costs. charges and expenses of winding up. and for the adjustrnent of the rights of the contributors among themselves. such amount as may be required. not exceeding £1. 24
Shankill Parish Caring Association IA company limited by guarantee, not having a Sharg capitsl) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 14. CONTINGENT LIABILITIES During the construction of the charity's premises. large amounts were raised from various Govemment Bodies and other funders. These granls included clauses where the grants could become repayable within 10 10 25 years of the completion of the building work in the evenl that the building is sold, or the charily is wound up. 15. POST-BALANCE SHEET EVENTS There have been no significant events affecting the Charity since the financial year-end. 25