Chartty Registration No. NIC104689 Company Rogistratlon No. N1604372 (Northern Ireland} DGO FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2018
DGO FOUNDATION CONTENTS Page Charity inforrnab"¢>n Trustees, port Independent examiner's report Slalement of fina##1 activities Balar¢ce sheet Notes to the finallcial staterr*nts 7-11
DGO FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr R Lewis Mrs C Lews Mr l MaGCorkell Charity numbeT NIC104689 Company nUmr N1604372 Registered office 1 Hammond Road UppeT Ballinderry Lisbum Co Anlrim BT28 2NG Ind¢p&ndent examiner Moore Stephens INI) LLP 4th Floor tk)neyall House 7 Dorwall Square North Beast BTI 5GB Bankèrs U15ter Bank Umiled 18 Bow Street Lisburn BT28 18N
DGO FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2018 The trustees present their report and financial ststements for ihe yeai ended 30 September 2018. The a¢counts have been wepared in accordance wlh Ihe accounting pole5 sel out note 1 to the accounts nd comply wlh the ¢harity's Memorandum and Artides of Assoaation. the CoTrmpanies A¢1 2D06 and "Accounts"ng and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance the Financial Reporting Standard app5icable in the UK and Republic of Ireland (FRS 102)" las amended for accounting peri(xls commenciThJ trom l J8nuary 2016) Objectivès and activities The charty's objecls as set out in the Memrandum and Article5 of Asswation are to benefit the public through the advancement of education, the advancement Df religion (specifically the Christian Farf(hl. the rèlief of sickness and advancement of health, the relief of povety. the advancern1 of community development and the improvement of the Ilis11C life of communities of developing n3tsons. The trustees have paid due regard lo guidance issued by the Chafity commison in de(xding what activities Ihe charity should underLike. Achiévements and pèrforniance In line with the charity's Objects we have partiupaled in the advancement of edu¢8tion, the advancement of religion, the lief tsf sickness, the VanceMent of community deVepment and the improvèment of the holisliG lrfe of communities in areas of need.. in South Africa by way of Ilonalion to the Sports Academy in Gèorge; and in India by way ol donation to the Gospel for Tribal Service Society and to the Donibristle Trust. In relalion to our obJ'e¢tive lo provide fhe reltef of sickness have chosen lo supporl the work of Chrohns & Colitis UK, Royal Marsden Cancer Charity, &ck Chiklren's TrusL Chest Heart & Stroke. Asthma UK and Auditory Verbal UK. We continued our initiative in Frid$, School Lislxjm, and Wallace High Sthool. where we gave pupils the opportunity lo appty for funding to parb"Gipate in a voluntary trip abroad. We are plèased to report we supported pupils lo volunteer with Exodus Nl. wtth Habitat for Humanity. and thrOh Elmwood Prèsbyterian Church on a lrip lo Spain. Donations were made diredty lo the tharities lo ntrIbUle lo the cost of these trips. As a Board we are commrtted to supwKting the ILKal community in %thich also operate in business. This year we chose lo d¢Mate to the local charty PIPS {Publ>c Initiative for Prevenbon of Suicide and SeW Ham)), and Storehouse Belfast. to support their work with the homdess community in Belfasl and initiatives they pioneer lo laskle unemployrnenl. In linè with our Grant FUndIr policy, WÈ met as a Board and deuded lo support the following organisations who work lo a(fvance the ChTiskn"an religion: Lagan Wdlley IfineyoTd and Belfast City Vineyard. Financlal rèvièw It 15 the pollcy of the chaiity th31 unrestricted funds vthich have not been designated for a sp1C use should be maintained at a level equNalertrt to bèiween three and six month's expendiluTe. The tnjslees consider ihat reseNes al this level wll ensure that in the event of a significant drop in funding, they 11 be able lo continue the charity's current aclwib.es while considÈiation is gNen to ws in which addiliongl funds may be raised. This level of reserves has been maintabned throughout the year. The board examine the major rÉsks the tharity company faces in its operations and have developed system8 to monitor and contrd these risks in order to mrtigate any impact that they ctjuld have on Ihe company. Plans for future periods The charity meets on a quarterfy basis Its discuss opportunitie5 that can be supported. We plan lo build upon the work we have been doirig Y1h local schools. and ¢ontinue to consider ways to support furer proiects. bDlh locally ané abroad. We a¥rti¢ipate that the work of Storehouse th tt)e homeless community in Belfast, will grow and we hope to support this growth in the near fvluie.
DGO FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2018 Stru¢ture. governance and management The charity is a company limited by guarantee. not h3ving a share capital. 11 is registered in Northern IrÈlarKI Iregislration number Nl 6043721 and has oL>tsined charitable status wth The Charity Commission for Northem Ireland (Charity no. NIC104689). It is govemed by its Memorandum and Arb"cles ofAssDc4ation. The trustees, who ar? also the directors for the purpose of conwany Eaw. and whts setve(I during the year and up lo the datè of sKJnalure ofthe financial slalernents were-. Mr R Lewis Mrs C Lewis Mr I hAacCorkell The membws of the company are also the dire¢trxs. New lleCtorS have an inducti<in meetiro wth the Chair of the Board. They a briefed on a range of issues including: A full introduction lo the organisation. its de<ision making process, rts business plan and ils iecent financial pethmance.. and The roles and responsibilities of a Board Member. None of the Irustees has any beneficial interest in the cornpany. All Df the trustees are members of the company and guarantee lo contribute £1 in the event of a wnding up. The Board of Directors operate$ as detaikd in Ihe governing drUment for the charity, its MemoTandum and Articles ofAsswation. During the year the company re¢eNed income of £328,478 {2017-. £244.6811 f¥om QTH Ltd. a company in which R Lewis and C R Lws aTe also thirectors. The balance due to the company at the year end was £nil {2017.' £rkill. The tnjstees. feport was approved by the Board ofTwstees. Mrs C Lewis Trustee Dated..
DGO FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DGO FOUNDATION We report on the accounts of the charity for the year ended 30 September 201B. which are sel out on pages 5 to 11. Rèspective responsibilities of trustoos and examlnèr The trustees, who are also the directors of DGO FourKlation for the purposes of eompany law. ale responsible for the pieparation of the accounts in accordance wth the requirements of thè Companie5 Act 20(. Having satisfied oursefves Ihat the charity is nol subject to audit under company law, and is eligible for independent exaMinan, ¢1 is our responybility Ir).. examine the accounts under section 65 of the CharitiegAct fill follow the procedures Laid down in the general directK)ns given by Ihe Charity C(MmiSsion for Northern Ireland under section 65191{bl of the ChaTiiies A¢t {iii} slate whether parti¢ular matters have come to our attenb"on. Basis of independent examlnèr's report We have examined your chaiity accounts as required under 8edion 65 of the Ch81it*s Ad ar)d oui examination was carried out in ac40rdan¢e wth the gèneral Directions given by thè Charity Commission for Northern Iieland under section 6519}Ib) of the Charities Act. The examination included a review of the ac£ounting records kept by the charity ar a comparison of the accounts presented vAlh those record5. 11 also included consideialion of any ursusu items or disdosures in the accounts. 8n(I seeknrrfJ explanations from you as charity trustees conceming any such mattèrs. Our role is to stale whether any m3leit31 matters have comè to our altention giving us ¢ause to beheve.. 1. That accounting records were not kept in accordance wlh sedion 386 of the CompaniesAct 2006 2. That the accounts do not accord vAth those accounting reGords 3. That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charibes St8lèmenl of Recommended Practice applicable lo charities preparing their accounts in a(xJNdance I1h the Financml RewNbng Slandatd applicable in the UK and Republ of Ireland 4. That there is further inloimation needed for a Proper UFKlerstsnding of the accounts to be reached. ndependent examinerfs statèmènt Since your charity's gross irthme exceeded £250.000 your examiner must be a Fnember of a listed body. We can confirm that wè are qualified lo undertake the exatHinalion because wè are registered members ol Chartered A¢¢ountants 5feland which is one of Ihe listed bodies. We have com eted our examinalK)n and have no concems in respect of the matters11) 10 141 listed above and, in connection w4th lollowng ¥)e Directions of the Charity CommissH)ft for Northern Ireland, we have found no matters that require drawng to your attèntion. Moore Stephens INI) LLP Chartered Accountants 4th floor Donegall House 7 Donegall Square North Belfast BT1 SGB Dated..
DGO FOUNDATION STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2018 UnrestTiCtèd funds Total 2018 Totsl 2017 Notes Oonalions and legacies 328A78 328,478 244.681 enditure Charitable activities 22&,791 229,791 214,475 Net income for the yèarl Net movemènt in funds 98,687 98,687 30.206 Fund balances a11 October 2017 331,693 331.693 301,487 Fund balances at 30 September 2018 430.380 430.380 331,693 The statement of financAal activtties indudes all gains and knsses recognised in the year. All income and expendituTe derive from continuing 8cbwties. The slalemenl ol financial activities also tomplies wth Ihe requirements for an inmre and expendilure 8eeounl under the Companies Act 2006.
DGO FOUNDATION BALANCE SHEET AS AT 30 SEPTEMBER 2018 2018 2017 NotÈs Current assets Cash at bank and in hand 431.237 332.806 Creditors: amounts falling due within one year 1857) {1,113) Net current assets 430.380 331.693 Income fund$ Unrestricted funds 430.360 331.693 430,380 331,693 The company is enlilled to the exewnpbon from the audit requiiemÈnt cx)ntained in section 477 of the Companies Act 201, for the year endad 30 September 2018. No Tnember of the company has deposited a no11, pursuant lo section 476. requiiing an audit of thesè finanual statemet)ts. The trtjstees acknovAedges their responsibililtes for ensuring thal the charity keeps Untir recoTds which comply with section 386 of the Act and for preparing finanaal stslernents which give a true and fair view ol Éhe stale of affairs of the company as at the end of the financial year and of its incoming resou¥ces and 8ppliBation of resources, including it5 income and expenditure. for the financial year in accordance with the requirements of sections 394 and 395 and which otheNJise compty wlh the requirements of the Companies Acl 20C6 relgling to financial statèments, so far as applicable to the company. These financial statements have been prepared in accordare wlh the pmvisiDnS applicable to companies subject to the small companiès regime. The finan¢lal stslemenls were approved by the Trustees on ......................... Mrs C Lews Trustse Company Reglstration No. N1604372
DGO FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2018 Accountlng policies Charity inforniation DGO Foundabon is a private company limited by guarantee incorporated in Northèrn Ireland. The registered office is 1 Hammond Road. Upper Ballindery, Lisburn, Co Anlrim, BT28 2NG. 1.1 Accounting Convention The accounts have been prepared in accordance valh the tharity's Memorandum and Artides of A5so¢ialion, the Companies Act 2006 and °AccountiNJ and Reporting by Charrties.. Slalement tsf Recommended Practice aprAicable lo charilies preparing their a£ounts in accordance wth the Financial Reporting Standard applicable in the UK and ReputAiG of Ireland {FRS 102)" {a5 annded for accounting periods commencing from 1 January 2016). The chanty is a Public Benefft Entity as defined by FRS 102. The charity has taken advantage of the provisions Én the SORP for Charit5 applying FRS 102 Update Bulletin I not to prepare 8 Statement of Cash Flows. The financial statenntS are prepared in sterting. 1[ is the functional rrencY of the ¢harily. Morielary amounts in these financial statements a riMJr#Jed to the nearest £. 1.2 Golng concern At the time of approving the financial statements, Ihe 1wstees have a reasonable expectation that th? charity has adequate resources to eontinue in opeiational existence for ihe foresee3blè future. Thus the trusteès continue to adopt the going concem basis of accounting in preparing the financial stslemenls. 1.3 Charitablè funds Unrestricted funds a available foi use at the discrehon of the tiustees in furtherance of thèir charitable objectives unless the funds have been designated for other purposes. Restricted fund5 are subject to se[r conditions by donors as lo how they may bè used. The purposes and ugés of the restricted funos are sel out in the notes lo the financial statements. Endowment funds are subject to speC conditions by donors that the (apital must be maintsined by the charity. 1.4 Incoming resources Income is recognised when the (knrity is legalty enliyed to it after aDy rforManCe conditions have been mel, the amounts (an be measured reliaNy, and rl is probable that in(ome 111 be received. Cash donations are recognised on receipL Other donations are recognised once the charity has been notified of Ihe donation, ijnless perfMan condith.ons require deferral of the amount. Income lax Tecoverable in relation lo donations received under Gtft Aid or deeds of covenant is re¢ognised at the time of the donation. Legacies arè reeognised on receipt or otheTW4ise if the tharrfy has been notified of an impendlng distributiw, the amount is knobvn. and receipt is expected. If the amount is not kno%. the legacy is treated as a conlingenl asset. Turnovèr is measured 81 the fair value of the consideration received or TEceivable and represents amounts receivable for goods and seTvice5 provided in the rrMal coutse of business. net of discounts, VAT and other sales related taxes.
DGO FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2018 Accounttng polictos (Continued) 1.5 Resources expendèd Expenditure is recognised on an accruals basis as a liability is incurred. Fundiny provsded through contractual agrèèments and performance related grants is recognised as goods or services are supplied. Other grant payments arè recognised en a conslwctive obligation arises that results in the payment being unavoidabte. Governance CDsts include those incurred in the govemance of its assets and are primarity assttiated with constitutional and statutory requiremet)ts. 1.6 Cash and ¢a$h equivalents Cash and cash equivalents include cash in hand, deptssi hekl at call WTth bank5, Other short-lerm liquid investments with o¥iginal mattjrities of three months or s. and bank o¥&rdr3fts. Bank overdrafts are shown wlhin borrowings in curTent liabilibes. Basic finan¢lal assets Basic finan¢ial assets, which include debtors and cash and bank balances, are inilially measured al IransaGtron price including transaction costs and aTe subsequently carried al amorttsèd eosl using the effective inleiest method unless the aTrarvJèmÈnt constitutes a fina1ng Iransactitsn, where the transaction is measured at the present value of the future receipts di5coltnl at a market Tate of intèrèst. Financial assets classified as receivable within one year arè not arrtiSed. Basic financial li•bllltlÈs Basic financtal lialxlities. induding creditors and bank knans are initially rec(yJnised al transaction price unlègs the arrangement constilules a finaniing transaction, where the debt instrument is measured at th present value of the future payments discounle(1818 market rate of intere51. Financial liabilitles classified as payable wlhin one year are rK)t anNJsed. Debt instruments are subsequenuy camed at aM0Sed cost. using Ihe effective interest rale method. Trade ¢r@ditoTS are obligations to pay for goods or services Ihat have been acquired in the orinary course Of operations from suppliers. Amounts payable ate dassified as current liabilities if paymenl is due wthin one year 01 less. If not. they are presented as nonrrent liabilities. Traéè ereditors are recognised inilialty al transaction price and subsequ measured at amortised cost Ung the effective Interest Nthod. Derec¢)gnl(lon ol flnancial liabililies Financial liabÈlities are derewgnised when the chatity's contractual oblNJats"on$ expire or a discharged OT cancelled. 1.7 Employeo benefits The cost ol any unused hdiday entiuement is recognised in the perK)d in whh the employee's serviceg are received. Termination beneffts are recognised immediatety as an expe1 when the charity is demonstrably committed to lèrNllnate the employment of an employ or to provide teminalion beneffts.
DGO FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 30 SEPTEMBER 2018 Critical accounting estimates and judgements In the application Df the chaiity's a¢counliro policies. the trnstees are required to make judgements, estimates and assumptions a1 the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and assoGi*ed assumplions are based tsn historKal experience and other facltrrs that are considered lo be relevant Actual results may drffer from these estsrrtale5. The estimates and underlying assumptn$ arè revi1 on an (¥w"ng basis. Revisions to accounting eslimales are recognised in the peri(KJ in whti the estimatè is revised where the revision affects only that period. or in the period of the revi0 aiKI future rIodS vthere Ihe revision affects both Current and fLrtu periods. Donatlons and Iggaciès Unrestricted funds Total 2018 2017 Donattons and gifts 328,478 244,681 CharÈtable aciivities 2D18 2017 Stsff costs Charttable (ksnalions Bank charges Sundry expenses 23.091 205.077 {2761 1,539 213,920 164 31 229A31 214,115 ShaTe of g0veMan costs Isee note S) 360 360 229,791 214,475
DGO FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) R)R THE YEAR ENDED 30 SEPTEMBER 2018 Governance Costs Support Govemanee costs costs 2018 2017 Bas1$ of allocation Independent examination Govemance 360 360 360 360 360 Analysed beiwèÈn Charitable activities 360 360 Governance Costs includes payrnenls lo 1he independent examiners of £360 12017- £3SO) for independent examinatkon fees. Trustees None of the trustees lor any peTson5 conneded wilh them) Te¢xived any [emuneratn or benefits from the charity during the year. Employees Number of employ¢¢$ The average monthly number of employees during the yearwas: 2018 Number 2017 Number Employmont costs 2D18 2017 Wages and salarie5 23,091 Financlal Instwm9nts 2018 2017 Carrying amount of financial liabilities Measured at amortised cost 857 1,113 Creditors: Jmounts falling due Ylrthin one year 2018 2017 Accruals and deferred Ir)me 857 1,112 10-
DGO FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2018 10 Related party trartsactions There were no disdosable related party transactions during the yeaT12017- none). 11