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 be￿een 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