REGISTERED COMPANY NUIVIBER: N1633783 (Northern Irelandl REGISTERED CHARITY NUMBER.. 105041 Re ort of the Trustees and Unaudlted Financial Statements for the Year Ended 31 December 2019 for nificado Foundation Aiken & Co LLP Chartered Accountants Building 2 The 5iding% Antrim Road Lisburn Co. Antritn BT28 3
nificado Foundation Conients of the Financial Statements for the Year Ended 31 December 2019 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 7 to 11 Detailed Statement of Financial Activities 12
nilicado Foundatitsn Re ort of the Trustees for the Year Ended 31 Dember 2019 The trustees who are also directors of the charlty for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2019. The trustees have adopted the provision5 of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Finaneial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 (effective l January 20191. OBJECTIVE5 AND ACTIVITIES The company is established for the advancement of education, health, promotion and advancement of human rights, the relief of hardship and disadvantage. the advancement of community developrnent, the advancemeni of environrnental improvement and the improvement of the holistic life of youth, the family unit and tommunity wherever there can be a contribution includlng developing natlons. It fulfils these through developing and delivering developmental job skills and entrepreneurlal ski115 Irainin8 for youth to help them attain e¢onomSc viability for the individual, their family and thelr Community. ACHIEVEMENT AND PERFORMANCE The company was inactive during the year ended 31 December 2018 due to project closure and the organisation is currently reassessing partnerships and strategic direction. FINANCIAL REVIEW The Charity holds reserve5 the company's bank account to meet the on going requirements of the charity. We agree that the charity need to raise more funds. All the directors feel that thi5 ¢omin8 year we need to l Apply for funding 2 Encourage more donors 3 Run fund rai5in8 evetS STRUCTURE, GOVERNANCE AND MANAGEMENT The liability of the members Ss limited. Every member of the charlty promises, if the Charity is dis501ved while he or she is a member within twelve months after he or She ceases to be a member. to contribute such sum (not exceeding £11 as may be demanded by him or her towards the payment of the debts and liat)ilities of the Charity incurred before he OT She ceases to be a member, and of the cost5, charges and expenses of windlng up. and the adjustment of the rights of the contrlbutorles among themselves. REFERENCE ANO ADMINISTRATIVE DETAILS Registered Company number N1633783 (Noithern Ireland) Registered Charity number 105041 Reglstered offlce Building 2 The Sidings Antrim Road Llsburn Co. Antrim BT28 3AJ Page I
sl ftlll do Founda Re oit of bLTruslees rorthe Year Ended 31 De£Èmber 2019 TrLtstees -Mr.6.AbrdhaLttJ)Ir£tttor Ms E E WlSson None Indepehdènt Examlner Alken &.Co LLP Chartèyed Atcountants IldlnE 2 Th&SidFnE5. ADtrln) Road L15buf .Co..Anlrim. 8T28 3A1 Approved by order of the board of tW5tees on 9 septemb.er 2020 and 51gned on Its behalf"by-. Mr Abra m- Truste
Inde endent Examiner's Re ort to the Trustees of nilicado Foundation Independent examiner's report to the trustees of Slgnlflcado Foundatlon I'the Company'l I report to the charity trustees on my examinatioll of the accounts of the Company for the year ended 31 December 2019. Responsibilitles and basls of report As the chaTItV'S trust@e5 of the Company land a150 Its dlrectOTS for the purp05e5 of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companles Act 20061'the 2006 Act'l. Having satisfied myself that the account5 of the Company are not required to be audited under Part 16 of the 21X)6 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts a5 carried out under section 145 of the Charities Act 20111'the 2011 Act'l. In carryin8 Out my examin3tion I have followed the Direction5 given by the Charity Commission under section 145151 Ibl of the 2011 Act. Independent examlner's statement I have completed my examination. I confirm that no matters have come to my attention In connectlon with the examination Eiving me cause to believe.. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act,. or the accounts do not accord with those records,. or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirerrent that the accounts give a true and fair view which is not a matter considered a5 part of an independent examination,. or the account5 have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reportin8 by charities13pplicable to chailties prepaTlng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no other matters in connection with the examination to which Bttention should be drawn in thls repoTt in order to enable a proper understanding of the accounts tts be reached. A,k-, Aiken & Co LLP Chartered Accountants Building 2 The Siding5 Antrlm Road Li5burn Co. Antrim BT28 3A1 9 September 2020 Page 3
nificado Foundation Statement of Financlal Activities for the Year Ended 31 December 2019 2019 Unrestricted fund 2018 Total funds Notes EXPENDITURE ON Raising funds 367 12651 NET INCOMVIEXPENDITUREI 13671 265 RECONCILIATION OF FUNDS Total funds brought forward 620 355 TOTAL FUNDS CARRIED FORWARD 253 620 The notes form part of these financial statements Page 4
nlfieado Foundation Balance Sheet 31 December 2019 2019 Unrestricted fund 2018 Total funds Notes FIXED ASSETS Tangible assets 282 CURRENT ASSETS Cash at bank 253 2,618 CREDITORS Amounts falling due within one year 12,2801 NET CURRENT ASSErs 253 338 TOTAL ASSETS LESS CURRENT UABILITIES 253 620 NET ASSETS 253 620 FUNDS Unrestricted funds 253 620 TOTAL FUNDS 253 62 The charitable company is entltled to exemptlon from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019. The members have not required the company to obtain an audit of its financlal statements for the year ended 31 December 2019 in accordance with Section 476 of the Cornpanies Act 2006. The trustees acknowledge their responsibilities for ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements whlch give a true and fair view of the state of affair5 of the charitable company as at the end of each financial year and of its Surplus or deficit for each financial year in accoTdance with the requiTements of Sections 394 and 395 and which otherwise comply with the requlrements of the Companies Act 2006 relatlnE to financial statements, so far as applicable to the charitable companv. The notes form part of these flnanclal statements Pa8e S continued...
Sl Iflcado oundation Balant heet- contlnued 31 December 2019 Tliese ftnandal statements havè b.een prepar?d" In accordan with ItSÉ PTovISIon9 appifcable tD ¢harftable companles 5ublectto the small Companles reglme. The flnand41 statoments woi'e approved by the Board of Tnsstee5 and auttior14ed for issue on 9-SÈPtefnber 2020 and were siEned on its behalf bv., Mr ,ffl'llll brah fus
si nificado Foundation Notes to the Financial Statements for the Year Ended 31 December 2019 ACCOUNTING POLICIES Basis of preparing the Ilnancial statements The financial statements ol the charitable company, whlch is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordartce with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 lelfective l January 20191,. Flnancial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Expenditure Llabilities are recognised a5 expenditure as soon as there Is a legal or constructive obligatson committing the charltv to that expenditure, it is probable that 3 transfer of econorni¢ benefits will be required in settlement and the amount of the obligailon can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Wher@ costs cannot be directly attributed to particular heading5 they have been allocated to activitie5 tsn a basis consistent wSth the use of re50urtes. Tanglble fixed assets Depreciation 15 provided at the followinB annual ¥ates in order to wrlte off each asset over its estimated useful life. Computer equipment 25% on cost The carrying values ol tangible fixed assets are revlewed annually for impairment in periods if events or changes in circumstances indicate that the carrying value may not be recoverable. Taxatlon The charily is exernpt from corporation tax on Its charitable activities. Fund accountlng Unrestricted funds can be used in accordance with the charitable objettlves at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictlons aii5e when speclfied by the donor 01 when funds are raised for particular restricted purposes. Further explanatlon of the nature and purpose of each fund is included in the note5 to the financlal statements. Page 7 continued...
nificado Foundation Notes to the Financial Statements- continuÈd for the Year Ended 31 December 2019 RAISING FUNDS Ralsing donations and legacies 2019 2018 Support costs 85 15471 NET INCOMEIIEXPENDITUREI Net incomellexpendlturel is stated after chargingjlcreditingl.. 2019 2018 Depreci3tion- owned asset5 282 282 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneTation or other beneflts for ihe year ended 31 December 2019 nor for the year ended 31 December 2018. Trustees, e¥penses There were no trustees, expenses for the yeaT ended 31 December 2018 and year ended 31 Decèmber 2017. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund EXPENDITURE ON Raising funds 12651 NET INCOME 265 RECONCILIATION OF FUNOS Total funds brought forward 355 TOTAL FUNDS CARRIED FORWARD 620 Page 8 continued...
nificado Foundatlon Notes to the Flnancial Statements- continued for the Year Ended 31 December 2019 TANGIBLE FIXED ASSETS Computer equipment COST At l January 2019 and 31 December 2019 1,127 DEPRECIATION At l January 20J9 Charge for year 282 At 31 Dètember 2019 1,127 NET BOOKVALUE At 31 Decernber 2019 At 31 December 2018 282 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2019 2018 Accruals and deferred income 2,280 MOVEMENT IN FUNDS Net rnovement in funds At 31.12.19 At 1.1.19 Unrestrlcted furtds General fur)d 620 13671 253 TOTAL FUNDS 620 13671 253 Net movempnt in funds, included in the above are as follow5.' Incoming resources Resources expended Movement in funds Unrestricted funds General fund 13671 13671 TOTAL FUNDS 13671 13671 Page 9 continued...
nificado Foundation Notes to ihe Financial Statements- continued for the Year Ended 31 December 2019 MOVEMENT IN FUNDS- rontlnued Comparatives for Movement In fund5 Net movement in funds At 31.12.18 At 1.1.18 Unrestricted funds General fund 355 265 620 TOTAL FUNDS 355 265 620 Comparative net movement in funds, Included in the above are 35 follows: Incoming restsurces Resources expended Movement in funds Unrestricted funds General fund 265 265 TOTAL FUNDS 265 265 A Current year 12 months and prior year 12 months combined position is a5 follows.. Net movement in funds At 31.12.19 At 1.1.18 Unrestrlcted funds General fund 355 11021 253 TOTAL FUNDS 355 11021 253 Page 10 contlnued...
nlficado Foundation Notes to the Financial Statements- continued for the Year Ended 31 December 2019 MOVEMENT IN FUNDS- contlnued A current year 12 months and prior year 12 month5 combined net movement in funds, included In the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 11021 11021 TOTAL FUNDS 11021 11021 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2019. Page 11
nificado Foundation Detailed Statement of Financial Activities for the Year Ended 31 December 2019 2019 2018 INCOMEAND ENDOWMENTS Totsl incomlrtg resources EXPENDITURE Other tradlng arttvltles Computer equipment 282 282 Support costs Management Profe55ion31 fees Travel expenses 555 11,1671 16121 Firtartce Bank charges 85 65 Total resource5 expended 367 12651 Net lempendlturellintome 13671 265 This page does not form part of the statutory financlal statements Page 12