STATEMENT OF FINANCIAL ACTIVITIES FOR THRIVE IRELAND LIMITED FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlcted Funds Restricted Total Funds Funds 2024 Total Funds 2023 Note Incoming resources Voluntary income- grants and donations Income from charitable activities Total incoming resources 6,189 21.552 27,741 12.383 30,020 36,209 30,020 57,761 58,133 70,516 21,552 Resources expended Charitable activities Total resourc08 expendod 46,214 10,108 10.108 56,322 56,322 73.936 73.936 Net l{expenditure) Income beforo transfers (10,005) 1,439 (3,420) Transfers Gross transfers beeen funds Net movements In funds 110,005) 11,444 1,439 (3,420) Reconciliatlon of funds Total funds brought forward Total funds carried forward 21,476 11,471 5,483 26,959 28,398 30,379 26.959 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 2024 2024 2023 Note Current assets Debtors Cash at bank and in hand Net assets 11,933 19,701 31.634 9,326 20,128 29.454 Current Liabllities Creditors.. amounts due within one year 3.236 3,236 (2,495 2,495) Net Assets 28,398 26,959 The fund8 of the charity Unrestricted income funds Restricted income funds Total charity fund8 11 11 11,471 16.927 21,476 5,483 26,959 For the year ending 31 March 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companles. The members have not required the company to obtain an audit of Its accounts for the year in question in accordance with section 476. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. Approved by the Board of Trustees on 24 September 2024. Glen Mltchell Trustee
NOTES TO THE FINANCIAL STATEMENTS FOR THRIVE IRELAND LIMITED AS AT 31 MARCH 2024 ACCOUNTING POLICIES (a) Basis of preparation of the financial statements The financial statements have been prepared under the historical cost convention in accordan 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 (effeclive January 2015), and the Companies Act 2006. A summary of the principal acccunting policies, which have been applied consistently, except where noted, is set out below. (bl Fund accounting policy Unrestricted income funds are general funds that are available for use at the trustees, discretion in furtherance of the objectives of the charity. Further details of each fund are disclosed in Note 11. (c) Incoming resources Donations are recognised where there is entitlement, certainty of receipt 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. (e) Govornanco 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 (f) 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 2024 Voluntary Income Unrestricted Restrlcted Funds Funds 2024 2024 Total Funds 2024 Totsl Funds 2023 Grants and donatlon8 Sir Halley Stewart Las Casas Institute Nl Community Relations Council Benefact Trust The Envangelisation Trust St Anne's Cathedral Sit-out Donations Others 4,747 6,000 4,120 11,000 432 6,000 4,120 11,000 432 1,000 6,016 620 12,383 4,986 1,203 6,189 4,986 1.203 27.741 The charity benefi'tted trom 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 (2023 - £2,500). This valuation is included in donated income and an equivalent amount recognised as charitable expenditure. Incorne from charitable actlvltie8 Unrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Facilitatlon and tralning 30,020 30,020 58,133 Total resources expended Unrestrlcted Funds 2024 R68tri¢ted Total Funds Funds 2024 2024 Total Funds 2023 Staff Costs Staff Expenses Programme Costs Operating Costs 42,600 907 1,831 876 46,214 5,857 48,457 184 1,091 4,067 5,898 876 10,108 56,322 45,098 1,034 23,888 3,916 73.936 Staff costs, trustee remuneration and expenses and costs of key management personnel 2024 2023 staff Costs 49,548 46,131 Average number of employees
NOTES TO THE FINANCIAL STATEMENTS FOR THRIVE IRELAND LIMITED AS AT 31 MARCH 2024 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. Debtors 2024 2023 Accrued Income Prepayments 10,819 1,114 11,933 9,326 9,326 Creditors 2024 2023 Accruals 3,236 2,495 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. Members, Llability The charity is a private company limiled 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. 10. Related parties There were no related party transactions in the reporting period. 11. Analysls of Funds At 1 Aprll 2023 Incoming Resources Resources Expended Transfers between Funds At31 March 2024 General Funds Unrestricted Income Fund Restricted Funds 21,476 5,483 26,959 36,209 21,552 57,761 (46,214) 10,108 56,322 11,471 16,927 28,398 12
NOTES TO THE FINANCIAL STATEMENTS FOR THRIVE IRELAND LIMITED AS AT 31 MARCH 2024 12. Net Assets by Fund Unrestricted Funds 2024 Restricted Funds 2024 Total Funds 2024 Total Funds 2023 Current Assets Net Assets 11,471 11,471 16.927 16,927 28,398 28,398 26,959 26.959 13