STATEMENT OF FINANCIAL ACTIVITIES FOR THRIVE IRELAND LIMITED FOR THE YEAR ENDED 31 MARCH 2023 Unrestrlcted Funds Restricted Total Funds Funds 2023 Total Funds 2022 Note Incoming resources Voluntary income- grants and donations Income from charitable activities Other incoming resources Total Incoming resources 7,636 4,747 12,383 14,678 58,133 58,133 40.703 4,535 59,916 65,769 4,747 70,516 Resources expended Charitable activities Total resources expended 71,456 71,456 2,480 2,480 73,936 63 209 73.936 63,209 Net Ilexpenditure) Income before transfers (5,687) 2,267 (3,420) 13,293 Transfers Gross transfers behveen funds Net movements in funds (5.687) 2,267 {3,420} (3,293) Reconciliation of funds Total funds brought forward Total funds carried forward 27,163 21,476 3,216 5,483 30,379 26,959 33,672 30,379 The statement of financial activities includes all gains and losses In the year. All income and expenditure derive from continuing operations.
BALANCE SHEET FOR THRIVE IRELAND LIMITED AS AT 31 MARCH 2023 2023 2022 Not Current assots Debtors Cash at bank and in hand Net assets 9,326 20.128 29,454 13,395 19,313 32.708 Current Llabllltlo8 Creditors.. amounts due within one year 2,495 2,495 (2,329 2,329 Net A880ts (26.959) 30,379 The funds ot the charlty Unrestricted income funds Restricted income funds Total charlty funds 12 12 21,476 27,163 26,959 30,379 Forthe year endlng 31 March 2023, the company was entitled to exemptlon from audlt under sectlon 477 of the Companies Act 2006 relating to small companies. The members have not requlred the company to obtain an audlt of Its accounts for the year in question In accordance with section 476. The dirertors acknowledge their responslbilities for complylng wlth the requirements of the Companies Act 2006 with respect to accounting record5 and the preparatlon of account5. These accounts have been prepared In accordance with the provlslons applicable to companies subject to the small companies, reglme. Approved by the Board of Trustees on 28 September 2023. Ghn Mltcho11 Trustse
NOTES TO THE FINANCIAL STATEMENTS FOR THRIVE IRELAND LIMITED AS AT 31 MARCH 2023 ACCOUNTING POLICIES (a) Basi8 of preparatlon of the financial statements The financial statements have been prepared under the historical cost convention in accordance with applicable United Kingdom Accounting Standards, the Charity Commission 'Statement of Recommended Practice: Accounting and Reporting by Charities, (SORP2015), the Financial Reporting Standard for Smaller Entities (effective January 2015), and the Companies Act 2006. A summary of the principal accounting policies, which have been applied consistently, except where noted, is set out below. (b) Fund accountlng policy Unrestricted income funds are general funds that are available for use at the trustees, discretion in fvrtherance of the objectives of the charity. Further details of each fund are disclosed in Note 12. {c) Incoming resources Donations are recognised where there is entitlement, certainty of reIpt and the amount can be measured with sufficient reliability. Incoming resources from tax reclaims are included in the statement of financial activities at the same time as the gift to which they relate. Investment income is recognised on a receivable basis. (d) Resources expended Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs relating to the category. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. le) Governance costs Governance costs include costs of preparation and examination of the statutory accounts, the costs of trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters (n Trade and other debtors will be recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 10
NOTES TO THE FINANCIAL STATEMENTS FOR THRIVE IRELAND LIMITED AS AT 31 MARCH 2023 Voluntary Income Unrestricted Restricted Funds Funds 2023 2023 Total Funds 2023 Total Funds 2022 Grants and donations Sir Halley Stewart Nl Community Relations Council St Anne's Cathedral Sit-out Donations Others 4,747 4,747 4,748 1,133 1,000 600 6,016 6,109 620 2,088 12,383 14 678 1,000 6,016 620 4,747 The charity benefitted from the use of office space and facilities provided by Tearfund (Northern Ireland) at its Belfast office. These facilities have been valued at £2,500 for the year (2021- £2,500). This valuation is included in donated income and an equivalent amount recognised as charitsble expenditure. Income from charltable activltle8 Unrestricted Restrlcted Funds Funds 2023 2023 Total Funds 2023 Total Funds 2022 Facilitation and training 58,133 58,133 40,703 4. Other incoming resources Unrestricted Funds 2023 Restrlcted Funds 2023 Total Funds 2023 Total Funds 2022 Covid Job Retention Scheme 4,535 Total resources expended Unrestrictod Funds 2023 Restricted Total Funds Funds 2023 2023 Total Funds 2022 staff Costs Staff Expenses Programme Costs Operating Costs 43,223 980 23,337 3,916 71,456 1,875 45,098 54 1,034 551 23,888 3,916 2,480 73,936 43,795 1,012 14,298 4,104 63,209 11
NOTES TO THE FINANCIAL STATEMENTS FOR THRIVE IRELAND LIMITED AS AT 31 MARCH 2023 Staff costs, trustee remuneration and expenses and costs of key management personnel 2023 2022 staff Costs 46,131 44,807 Average number of employees During the year the organisation did employ other staff, however, the average remained at 1. No Trustees received any remuneration or expenses during the year. Debtor8 2023 2022 Accrued Income 9,326 13,395 Credltors 2023 2022 Accruals 2,495 2,329 Taxatlon The company is a registered charity and is exempt from tax on income and gains to the extent that these are applied to its charitable purposes. 10. Members, Liability The charity Is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. 11. Relatsd partles There were no related party transactions in the reporting period. 12. Analysis of Funds At 1 April 2022 Incoming Resources Resources Expended Transfers between Funds At31 March 2023 General Funds Unrestricted Income Fund Restricted Funds 27.163 3,216 30,379 65,769 4,747 70,516 (71,456) 2,480 73,936 21,476 5,483 26.959 12
NOTES TO THE FINANCIAL STATEMENTS FOR THRIVE IRELAND LIMITED AS AT 31 MARCH 2023 13. Net Assets by Fund Unrestricted Funds 2023 Restricted Funds 2023 Total Fund8 2023 Total Funds 2022 Current Assets Net Assets 21,476 5,483 5N83 26.959 26,959 30,379 30,379 13