REGISTERED COMPANY NUMBER: N1633783 INorthern Ireland) REGISTERED CHARITY NUMBER.. 105041 Re ort of the Trustees and Unaudited Financial Statements for the Yea¥ Ended 31 Dècember 2020 for nificado Foundation Aiken & Co LLP Chartered Accountants Building 2 The Sidings Antrim Road Lisburn Co. Antrlm BT28 31U nilicado Foundatlon Contents of the Financial Statements for the Year Ended 31 December 2020 Pa@e Report of the Trustees I to 2 Independent Examiner's Report statement of Financial Activilies Balance Sheet Notes to the Financial Statements 6 to 10 Detailed Statement of Financial Activities li nificado Foundation Re ort of the Trustees for the Year Ended 31 December 2020 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 2020. The trustees have adopted the provisions of Accounting and RepoTting by Charities.. Statement of Recon)mended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applichble in the UK and Republic of Ireland IFRS 1021 leffettive l January 20191. OBJECTIVES AND ACTIVITIES The company 15 established lor the advancement of education, heallh, promotion and advancement of human rights, the relief of hardship and disadvantage, the advancement of community development, the advancement of environmental improvement and the Improvement of the holistic lile of youth, the family unit and community wherever there tan be a contribution including developing nations. It fulfils these through developing and delivering developmental lob skllls and entrepreneurial ski115 tralninE for youth to help them attain economic viability foi the Individual, their family and their community. ACHIEVEMENT AND PERFORMANCE The company was inactive during the year ended 31 Decernber 2020 due to project closure and the organisation Is currently reassessing partnerships and strate8ic dlrection. FINANCIAL REVIEW The Charity holds reserves in the company'5 bank account to meet the on going requirements of the tharity. We agree that the charity need to raise more funds. All the directors feel that this coming year we need to l Apply for funding 2 Encourage more donor5 3 Run fund raising event5 STRVCTURE, GOVERNANCE AND MANAGEMENT The liability of the members is limited. Every member of the charfty promises, if the Charlty Is dissolved while he or She is a member wlthln twelve months after he or she ceases to be a member. to Contribute 5u¢h sum Inot exceeding £11 as may be demanded by him or her towards the payment of the debts and Ilabilities of the Charity incurred before he or she ceases to be a member, and of the costs, charges and expenses of windinÈ up, and the adjustrllent of the right5 of the contributories among themselves. REFERENCE AND ADMINISTRATIVE OETAILS Re815tered Company number N1633783 INorthern Irelandl Registered Charlty nLtmber 105041 Reglstered office Building 2 The Sidings Antrim Road Li5burn Co. Antrlm BT28 3 Page I niflcado Foundation Re ort of the Trustees for the YeaT Ended 31 December 2020 Trustees Mr G Abraham Director Ms E E Wilson None Independent Examiner Aiken & Co LLP ChaTtered Accountants Building 2 The Sidings Antrim Road Lisburn Co. Antrim BT28 3A1 Approved by order of the board of trustees on 2)711 and signed on its behalf bv.. MrG Abraham U5tee Page 2 Inde endent Examiner'5 Re ort to the Trustee5 of nificado Foundation Independent examiner's report to the trustees of Si8nificado Foundatlon I'the Company'l I report to the charity trustees on my examination of the accounts of the Company for the year endèd 31 Decembèr 2020. Responslbllltles and basls of report As the charity's trustees of the Company land also its directors for the purposes of cornpany lawl you are responsible for the preparation of the accounts in accordan￿ with the requlremellts of the Companie5 Act 20061'the 2006 Act'l. Having Satisfied myself that the accounts of the Company a¥e not required to be audited under Part 16 of the 2006 Act and are eligible fow independent examlnation, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Art 20111'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151 Ibl ol the 2011 Act. Independent examlner's statement I have completed my examination. I conlirm that no matters have come to my attention in connection with the exarnination giving me cause to belleve.. 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 requirement5 of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered a5 part of an independent examination,. or the accounts have not been prepared In accordance wlth the methods and principles of the Statement of Recommended Practice for accountlng and reporting by tharlties lappllcable to charities preparing their accounts in accordanee with the Financial Reporting Standard èpplieable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no othÈi matters in connection with the examination to which attentlon should be drawn in this report in ordeT to enable H proper under5tandin8 of the accounts to be reached. Aiken & Co LLP Chartered Accountant5 Building 2 The Sidings Antrim Road Lisburn Co. Antrim BT28 3AJ Page 3 nificado Foundation Statement of Financial Activities for the Year Ended 31 December 2020 2020 Unrestricted fund 2019 Total funds Notes EXPENDITURE ON Raising funds 60 367 NET INCOMEIIEXPENDITUREI 1601 13671 RECONCILIATION OF FUNDS Total funds brought forward 253 620 TOTAL FUNDS CARRIED FORWARD 193 253 The noles form part of these finaNcial statements Page 4 nificado Fovndatlon Balance Sheet 31 December 2020 2020 Unrestricted fund 2019 Total funds Notes CURRENT ASSETS Cash at bank 193 253 NET CURRENT ASSETS 193 253 TOTAL ASSETS LESS CURRENT LIABIUTIES 193 253 NET ASSETS 193 253 FUNDS Unrestricted funds 193 253 TOTAL FUND5 193 253 The charitable eompany is entitled to exemption from audit under Section 477 of the Companles Act 2006 for the yeai ended 31 Decembei 2020. The members have not required the company to obtain an audit of its financial slatements for the year ended 31 December 2020 In accordance with Sèction 476 of the Companies A¢t 2006. The trustees acknowled£e their responsibilities for ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and prepaiinE financial Statements which give a true and fair view of the state of 3ffalrs of the charitable company as at the end of each financizl year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requlrements of the Companie5 Act 2006 relating to financial statements, so far as applicable to the charitable companv. Ibl These financial statements have been prepared In accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authori5ed for issue on and were signed on its behalf by.. af.i.b￿ 201 I Mr G Abra am- Trustee The notes foym part of these financial statements Page 5 nificado Foundation Notes to the Financial Statements for the Year Ended 31 Oecember 2020 ACCOUNTING POLICIES 8asls of preparing the financial statement5 The financial Statements ol the charitable company, which is a publit benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Ch3ritles.' Statement ol Recommended Practice applicable to charities preparing their accounts in aCCOTdance with the Finaneial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191,, Financial Reporting Standard 102 'The Finallcial Reporting Standard applicable in the UK and Republlc of Ireland, and the Companies Act 2006. The financial Statements have been prepared undeT the historical cost convention. Expendlture Llabilities are recoEnised as expendlture as soon as there is a legal or constructive obli8ation committing the charity to that expenditure, it is probable that a transfei of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basls and ha5 been classified under heading5 that aggregate all cost related to the category. WheTe costs cannot be directly attributed to particular headings they have been allocated to activitie5 on a basls consistent with the use of resources. Tan8lble Ilxed assets Depreciation Is provided at the following annual rates in order to write off each asset over Its estimated useful Ilfe. Computer equipment 25% on cost The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes In cirtumstances indicate that the carrying value may not be recoverable. Taxation The charity is exempt from corporation tax on its charitable activities. Fund ac¢ountlng Unrestricted funds can be used In accordance with the charitable objectives at the di5eretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Re5triction5 arlse when specified by the donor or when fund5 are raised for partlcular restricted purposes. Further explanation of the nature and purpose of each fund Is included in the notes to the financial statement5. Page 6 continued... nilicado Foundation Notes to the Flnancial Statement5- Continued for the Year Ended 31 December 2020 RAISING FUNDS Ralsin8 donation5 and legacies 2020 2019 Support costs 60 85 NET INCOMEIIEXPENDITUREI Net incomellexpenditurel is stated after charglng/lcredltlngl'. 2020 2019 Depieciation- owned assets 282 TRUSTEES, REMUNERATION AND BENEFITS There were no tru5tees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019. Trustees, expenses There were no trustees, expenses for the year ended 31 December 2020 and year ended 31 December 2019. COMPARATIVE5 FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund EXPENDITURE ON Ralsing funds 367 NET INCOMEIIEXPENDITUREI 13671 RECONCILIATION OF FUND5 Total funds brou8ht forward 620 TOTAL FUNDS CARRIED FORWARD 253 Page 7 continued... nificado Foundation Notes to the Financial Statements- continued for the Year Ended 31 December 2Q20 TANGIBLE FIXED ASSETS Computer equipment COST At I january 2020 and 31 December 2020 1,127 DEPRECIATION At l January 2020 and 31 December 2020 1.127 NET BOOKVALUE At 31 December 2020 At 31 Decernber 2019 MOVEMENT IN FUNDS Net movement in funds At 31.12.20 At 1.1.20 Unrestricted fund5 General fund 253 1601 193 TOTAL FUNDS 253 1601 193 Net movement in funds, tncluded in the above are as follows.. Incoming reSOur￿S Resources expended Movement in funds Unrestrlcted funds General fund 1601 TOTAL FUNDS 1601 1601 Page 8 continued... nilicado Foundation Notes to the Finantlal Statements- continued for the Year Ended 31 December 2020 MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement in funds At 31.12.19 At 1.1.19 Unrestricted fund5 General fund 620 13671 253 TOTAL FUNDS 620 13671 253 Comparative net movement in funds, iE)cluded in the above are a5 follow5.. Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 13671 13671 TOTAL FUNDS 13671 13671 A current year 12 months and prior year 12 months combined position is as follows.. Net movement in funds At 31.12.20 At 1.1.19 Unrestrlcted funds General fund 620 14271 193 TOTAL FUNDS 620 14271 193 Page 9 continued... nilicado Foundation Notes to the Financial Statements- continued for the Year Ended 31 December 2020 MOVEMENT IN FUNDS- contlnued A current year 12 months and prlor year 12 month5 combined net movement in *unds, included in the above are as follows.. Incomlng resources Resource5 expended Movement in funds Unrestricted fund5 General fund 14271 14271 TOTAL FUNDS 14271 14271 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2020. Page 10 niflcadts f oundation Detailed Statement of Financial Activitie forth Y ar Ended 31 Oecember 2020 2020 2019 INCOMEAND ENDOWMENTS Total In¢omlng resources EXPENDITURE Other tradlng actlvltles Computer equipment 282 Support tosts FFnance Bank charges 60 85 Total resources expended 60 367 Net expendlture 1601 13671 This page does not form part of the statutory financial statements Page 11