Charlty Reglstratlon No. NIC104689 Coinpany R8glstratlon No. N1604372 INorth8rn lY&landl QGO FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR TWEYEAR FNDED SO SEPTEMBER 2017
DGO FOUNDATION CONTENTS Paye Truslee8' report Independent examlner's T8POrt Slalemenl of flnanci81 acllvitie8 BalBnce sheet Notes to Ihe financial slalemenls 7-10
DGO FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION TvLtstees Mr R Lewis Mr8 C Lewls Mr l Maccorkell Charlty numb8r NIC104689 Company number N1604372 Roglstered offlce 1 Hammond Road Upper Balllnderry Lisbum Co Anlrfm BT28 2NG Indepgndant gxamlnor Moore Stephens INI) LLP 4th Floor Donegall House 7 Donegall Square North Belfast BT16GB Bankers Ulster Bank Llmlled 18 Bow SlraÈl Li5bum Co. Anlrim BT28 18N
DGO FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2017 The Iruslees present Ih¢lr report and linanclal 5talemenls for the yèar ended 30 September 2017. The accounts have been prepared In accordan wilh the aocounliny polloles $8t out in note 1 to the accvunls and compSy with the charlly'5 Memorandum and Artlcles ol Association, the Companles Act 2006 and 'Accounling and Reporting by Charili¢s.' Statement ol R8¢ommended Pracllce appllcable to ehariues prepaiing Iheir aBcounls in accordarn wlh the Flnancial Reporting Standard applloable in the UK and RepLtbliG of Ireland {FRS 102} las amended for accounllng periods commencing from 1 January 20161 Obl6ctlves and actlvitles The eharlty's objec15 as sel out in the Memorandum and Artlcles of A$so¢lalion aTe to benefit tho publlc through the advancemant of education, Ihp advancement ol Religion (specifically the Christian Fallhl, the rellef of sickness and advancomenl of health, the rellef ol poverty, the advancement ol communlly development and the Improvement of the hollslic life of communitles of developing nations. The tru610$$ have paid due regard lo guldance Issue& by the Charity CommSsslon In dedding what aclivllies the charlly should undertake. Achlèvements and performance In Ilnè Mrilh the charity's objects we have partlclpaled In the advancement of education, the advancemonl of Rèllgion, Ihe iellef ol slckness, the advancement of communlty development and the Improvement of the holistic Ilfe of communities In areas ol need In South Afrioa by way of donation to the Sports Academy in George, In Sylla by way of donatlon to the Gospel for Tribal Social Service Society, in Albanla by way of don8tion lo thè Seed of Hope inltlatlve and In Moldova by way ol donation lo Youth For Christ Oak House. In relaiion to our objecllve to provlde the relief of slckness we have ch08en Ip support the work ol Leukaemla & Lymphoma Nl this year in Ihelr resear¢h loca15y. We wntinued Qui Initiative launched In Friends, Schoo5 Llsburn1881 year where we gave puplls the opportunlty lo apply for funding to participale In a voluntary trip abroad. We are pleased to report we supported 3 pupils who volunlegred with Exodus Nl. A donglion was made directly to this charity to conlrlbute lo co31 of the trip for 3 pupils. Expenses for this Snllialive included Ihe cost ol a public 8pe8ker who ope¥ales a5 Mulberry Inc Ltd. As a Board we are cornrnilled Io sUPPOrting the local ootvmunity In whlch we al80 operate In business, Ihl$ year we chose lo donate to the Maghaberry Community Developrnenl Trust whlch Is a TFu81 which supports the ongoing work of the oommunity centre In Maghaberry. In line with our Gronl Fundlng pollcy, we mat as a Board and declded lo support the following organisatlons who work lo advance the Chr15tian rellgion.. Lagan Valley Vineyard. Irilernatlonal Chrlstian Embassy Jerusalem, Belfast City Vlneyard, Alpha, 24-7 Prayer Ireland and the J33 Trust. A¥ detallod above In relallon to Ihe Significant restrlcled funds. as a Board, we chose to donalo funding lo Slor8house lo support their work with the homeless community in Belfast and Inlllatlves they ploneer lo tsckle unemployment. We also wished lo support a simll8r in Inili8llvè led by the Vlneyard Church In Norrkoplng Ihrgugh the work of Ihelr Icreale Inltlalive. Flnanclal revlèw 11 Ss the policy of the charily that unrestricted funds whlch have not been designated for a $pec1flc use should be malntaineil at a level equiva18nl lo between three and slx month's expendilure. The Irustees consid¢rs that reseNes al Ihls level wlll ensure Ihal, Sn the event ol a significant drop in fundlng, they will be able lo contlnue the charity's current aclbvllies whlle con81derallon is given la ways In whl¢h additional funds may be ralsed. Th15 level ol reserves has been maintalnod Ihioughoul Ihe year. The board examine the ma5or rlsks the charlty company fa5 in its operations and have developed sy8lem5 lo rnonlior and control these risks Sn order to mllluale any impact that they could have on the company.
DGO FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2017 The charity meets on a quarterty basss to dls¢u5S OPPOrtunSties lo support and the need local whlch aligns with our objedlves. We plan lo bulld upon the work we have been dolng with Friends School Lisburn, in lerms of supporting pupils lo particlpate In charitable projecl5 abroad and conllnu6 lo ¢onsldeT ways lo f8ellllate Internships locally. Vve 8180 antlcipate that the worl( ol Storehouse, with the homeless commun11y in Bellasl. 11 grow and we hop8 lo support this growili in the n8ar future. structurej govarnance and mBnageinent The ¢haTily Ig a company limited by guarantee, not having a shar& capll81.11 Is reglstered in Northem Ireland Ireglslralion number., Nl 6043721 and has oblalned charitable slalus with The Charity Commission for Northem Ireland (Charity no. NIC1046891.111s gov8rn8d by its Memorandum and Articles of Assoclatlon. The Iruslees, who are also the directors for the purpose ol company law, and who 5eTveil durlng the year and up lo the dale of signature of the financlal slalemenls were.. Mr R LeS Mrs G Lewls Mr J Johnston Mr l Mkccorkell (Reslgned 27 July 2017} The rn8mbers ol Ihe company are also th8 directors. New dlrectors have an inducllon meellng with the Chair of the Board. They are briefed on a range of Issues including-. A full inlTodudon lo the organl$ati¢y, ils decision maklng process,118 business plan and115 rocenl finanGi81 performance.. and The roles and responsibilities ol a Board Member. None of the Iruslees has any beneflclal inler8sI In Ihfy eompany. All of the trustees are membefs of the company and guarantee lo contrlbute £1 in th8 evfjnl of a winding up. Th8 Board ol Directors op8rales as d91aSled In the governlng do¢umenl for the charlly, Ils Memorandum and Artlcles olA880¢ialion. Durinu the year Ihts company recelved Income of £244,681 12Q16'. £284,000) from QTH Lld. a company in which R Le$ and C R Lews ar& glso directors. The balanc8 duè to th¢ company al th8 year ond was £nil 12016.. £nll}. The trustees, report was approved by the Board ofTru$lees. Mr R L8wIs Trustee Dated.. bk ¢S.
DGO FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DGO FOUNDATION Vve report on the accOnIS of the chaTily fvr Ihe year ended 30 September 2017. whlch aTe set out on pages 5 10 10. Re&p&¢tlve responslbllltlès of trustees and examiner The trustees, who are also the direclors Df DGO Foundation for the purp05e5 of compai)y law, are respon51ble forthe preparatlon ol the accounts in accordance with the r¢qulrements of the CompanlesAcl 2006. Havlng 3alislled ourselves that the charity is not subleot to audit under company law, 8nd Is eligible for independent examinolion, it15 our responslblllly lo.. 111 examlne the a¢count8 under slI0n 85 of the Char511&s Act 1111 follow the procedures lald down in the general directions gsven by the Charity Commlsslon for Northem Ireland under secllon 6519llbl of the Charlll¢s Act IIID slate whether particular mallers have come lo our allenllon. Ba81$ of Indgpgndent 8xaminaS report We have examined your chailty ac¢ounls as required under seclltsn 65 of e Charities Act and our exgminalion was carrled out In accordance with the general Dlrections given by the Charity CommSsslon for Northern Ireland under section 651gllbl ol the Charities Act. The examlnation included a review of the accounllng record5 kept by the charity and a comparison of the accounts presenled wllh those reoordB.11 also included consideration trf any nUSUal items or disclosure5 in the accounts, and seeklng explanatlOll5 from you as charlty trusl8ES ooncernln9 any gUGh mallers. Our role Is to state whether any malgrlal mallers have come lo our 811enllon glving us cau88 lo believe.. 1. That accounllng records were not kept In accordance with 88clion 386 01 the CompaniesAct 2006 2. That the accounls do not accord wllh those accounting records 3. That the accounls do not comp5y with th8 accounllng requirements o15ecllon 396 of the Cornp#nles Act 2008 and wllh the methods and prindple5 01 the Chaiilies Slalemenl of Recommended Practlce applicable to charllies pr8parlng Ihelr accounlg In accordancè wSth the Financial Reportln9 Standard applicable in the UK and Republic ol Ireland 4_ That Ihtrre is further irsformalion needed for a proper undèrstanding of the accounts lo be readi¢d, Inflgpgndent 9xamlnor'5 statement Since your charity'5 gross InLurtie ex¢eeded £250,000 your eKamlnor must bo a m8mb8r of • listed body. We can confirm that we are qualified lo undertake the examlnalion b8c8use we are registered m6mbers of Chartered Accounl8nls Ireland which Is one ol the listed bodles. We have Gompletèd our gx8minalion and have no concerns in re3pect of the matters11110141 Ilsled above and. in connecllon with followng the Dire¢tlons of the Charity Commlswon for Northern Ireland, we have found DQ msllers that require drawing lo your allenlion. Moore Stephens (NII LLP Ch8rtered AGwunlant5 4th Floor Donegall House 7 Doiiegall Square North B¢lfa51 BT15G8 Dated.. .
DGO FOUNDATION STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2017 Unrestrictéd furtds Total 2017 Total 2016 Not&$ Donations and lega¢les 244,681 244,681 284.000 Charitable actlviti68 214,475 214N75 204,611 Net Income for the yejrl Net movement in funds 30.206 30,206 79.389 Fund balances al l Oclobgr 2016 301,487 301.487 222,098 Fund balancos at 30 Sgpt8Mber 2017 331,693 331.693 301.487 The slalemenl of linandal aetivSlleg Indudes all gAins and 105se8 ie¢ognlsed in the year. All Income and èxpenditure derlv8 from continuing aolivilies. The sl8lemenl ol financlal actlvllies a150 cornplle8 with the requlremenls for an Income and expenditure account under th@ Companies Ad 2006.
DGO FOUNDATION BALANCE SHEET ASAT30 SEpfEMBER 2017 2D17 2048 Note$ Current assetB Cash at bank and in hand 332.806 302,209 Credltor8: amounts falllng (luo withln on8 year 11,1131 17221 Nel current assots 331,693 301,487 Income funtls Unrestric funds 331,693 301.487 331,693 301,487 The company is enlllled lo the exempllon from the audll requlremenl contained in 58cllon 477 of the Companles Act 2008, for the year ended 30 Seplemb2r 2017. No member of the oompany has deposlled a notice, pursuant to 8eclion 476, requlrlng an aud51 of these fr'nanclal 5tatemenl6. The Iruslees acki)owledges his respon8ib11ities for ènsurlng that the chkrlly keeps a¢¢ounting records which comply with se¢tlon 386 of the Act and for preparing flnancial slalernenls which giv8 a tfue and fair vlew of Ihe slate of affairs DI the Company as al the end of the flnancial year and of ils incoming sOUrCeS and application of resources, Including its Income and expendllure. for th8 ffnancial year in a¢¢ordance with thè requ1MentS of secllons 394 and 395 and which otherwis¢ oomply wlh the requlremenls of the Companies Act 2006 relating lo fin8nclal stalernenls, so far as applicable to the c¢mpany. Th¢5e linanclal statements have been preparèd In accordanG8 wSth the provlsltsns applicable to mPanIeS subject lo the small companies regirnè. The financial statem nls were approved by the Twgtees on .. .f_~ .2oif Mr R Lèwis Trugtee Company Reg15trAtlon No. N1604372
DGO FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEJWBER 2017 Aceountlng polioies Charlty information DGO Foundallon is a piivate company limi18d by guarantee Incorporated In Northern Ireland. The reglstered office is 1 Hammtsnd Road, Upper Ballinderry, Llsburn. CoAnlrim, BT28 2NG. 1.1 Accounlirtg conventlon The accounts have been prepared in accordance ffirilh the charlty's Memorandum and Artlcles of Assoclation. the CompanS&s Aot 20D6 and "Accounllng and Reporting by Gh8rilies'. Slalement of Rectsmmended Practice appllcable lo charilles preparing their accounts in accordance wllh the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021" las arnended lor accounting perlods commenclng from l January 20161. The charlly is a Public Benefit Enlily as dèfined by FRS 102. The charity has taken advantage of the provisionB in the SORP lor ¢hartlles applylng FRS 102 Updatè Bulletin 1 not lo prepare a Statement of Cash Flows. The finan¢lal statements are prepar8d In sterling. which is the lunctlonal cu¥rgn¢y of the charity. Monetary amounts in these financlal stalemenis are rounded lo the nearest £. 1.2 Going conc6rn Al the lime of approvlng the flnahclal 8lal&menls, the Iruslees have a rea80nablo exp8clallon Ihal the charity has adequate resourees to continue in operatlonal existen for the foreseeable lulure. Thu5 the Iruslees contlnue lo adopt the golng concern basls of accounting in preparing the financlal statements. 1.3 Charitsblè funds Unrestricted funds are avallable lor u88 al the discretion of the Iru8tees in furtherance of Ihelr charilable oblecUve8 unless the funds have been deslgnaled for other puip95es. Re8tricled fund8 are 5ublecl to specifi¢ condlllons by donors as lo how Ihpy may be used. The purposes and uses ol the re81rl¢ted funds are $&1 oul in the notes lo the financlal stalemonls. Endowment funds are 8ubjed lo specific cond511ons by donors that the capital rnu81 be malntelned by the charily, 1.4 Incotnlng resources ncome 15 recognlsed when the charity Is legally enlilled to it after 8ny p8rformance conditions have been mel. the amounts can be measured rellably, and il Is probable that incomè wlll be received. Ca8h donations are recognised on receipt. Other donalions a reco9nlsed orKe the charity has been nollfied of the donation, unless perform8n¢e condltions require deferral of the amount. Income lax i$coverable in relation lo donallons recelved under Gift Aid or deeds of covonanl Is recognlsed al the time of tlie donation. Legacles are recognl$èd on recelpl or otherwlse il the charity has been notified of an impending dislribullon. the amount is known, and receipt is expected. If the amount15 not known, the legacy is Ireat8d as a ¢onlingent asset. Turnover is measured al the falr value of the consideration r8¢8ived or reeeSvable and repre5enl$ amounts receivable foi goods and services provided In the naTm81 course of business. nel of dlscounts, VAT &nd other sales r$lated taxès. 1.6 R•source6 exp8ndgd
DGO FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 30 SEPTEIWBER 2017 A¢¢ountlng polTCièg Iconllnuedl 1.fj C45h and cash eqLiiv8lènts Cash and cash equivalents include cash in hand, deposits held al call with banks, olh8r short-term liquld Investments wllh original maluri1125 of three months or 19s8, and ban1( overdrafts. Bank overdrafts are shown wilhln borrowlng5 in current liabilities. 8asi¢ financial 8ss8ts Baslc financial assets, which Include debtors and cash and bank balancos. ar6 Inlllally measured al Iran58cllon price includlng tran58clion costs and are subsequ¢nlly carried al amortlsed cost uslng Ihe effective interest method unless the arrangement ¢ons151ulès 8 fin8nclng tiansacllon. where the transaction is measured al the present value of the future recelpls discounted at a marl(el rate ol Intere81. Fln8nclal assets classlfled as receivable within one year are not amortised. Basic finan¢lal Ilabllitles BasiG financial liabilities, including credllors and bank loans are initially rgcognised al Iransacuon pri unless the aTr8ngemenl eonslitute8 a financing transaction, where the debt inslrLimenl Is measured al the present value of th8 fulure paymènts discounted al a m&rkal rale ol Inter&sl. Financial liabilities Classified as payable thIn one year are not amortlsed. Debt Snstrumenls aré subsequently cafrled al amortlsed cost, uslng the thctlve Intere51 rate melhod. Trade oredilors are oblig8llon91o pay for good5 or servlces that have been acqulred In the oidinary CDurse of operations frtsm suppliers, Amounts p8yable are classified as current Ilabllllles If payment is due wilhiri one year or1ess. If not, they are presented as non-currenl liabilities. Trade creditors are recognlsed inllially at Irans8¢1ion price and sub8equenlly measured al amortised cost using the effeclNe intére81 method. Derecognition of flnaiiGial li8hilltles Flnancial Ilabllttle8 are derecognlsed when th$ ¢harfly's contractual obllgallons explre or are discharged OT cancelled. Crltical 8¢¢ountlng estlmatss and ludg8wnonts In the opplication ol the charily's accounllng pollcie3, the trustees are requlred to make judgements, e8tlmalps and as$LJrnplions about the carrylng amount of assets and Ilabilllies Ihal aig not readily apparent from other sources. The esllmales and a550clated asstsmplions are based on hlslorical exp¢rlenGe and other factor8 that are considered to be relevant. Actual result¥ n)ay rJlffer from these estlmales. The estimates and undeilylng assumpllons are revlewed on an ongoing basls. Revlslons lo a¢counllng eslirnales are recogni5ed ill the period whlch the eslirnate is revised where Ihe revision affects only that period, or In Ihe period ol the revision and future perlods where the revision affects both cuiienl and *ulure periods. Donations and lègaclas 2017 2016 Dor¢alions and gifts 244,681 284,000
DGO FOUNDATION NOTES TO THE FINANCIAL STATEIVIENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEIWBER 2017 Credltors: amounts falllng due wllhln one year 2017 2016 Acuuals and deferred income 1,113 722 10 Related party transactlon5 There were no d18do8able related party Iransacllons dltrrfng Ihe year12016- none). 10-