STATEMENT OF FINANCIAL ACTIVITIES FOR THRIVE IRELAND LIMITED FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Funds Restricted Total Funds Fund3 2025 Total Funds 2024 Note Incomlng resources Volunt8ry income - grants and donations Income from charitable activities Total incoming resources 17,904 25,371 43,275 27,741 62.253 25,371 87,624 57.761 R880urces expendod Charitable activities Total resource* expended 26,770 75 926 56,322 75,926 49,156 Net l{expendltur?} income before transfers 13.097 11,399) 11,698 1,439 Transfer8 Gross tr8nsf8rs between funds Net movements In funds 13,097 11,399) 11,698 1.439 Reconcillatlon of funds Tot81 funds brought forward Total funds carrled forward 11,471 24.568 28 398 26,959 40,096 12 The statement of flnanclal activities includes all galns and losses in the year. All income and expenditure derive from continuing operations.
BALANCE SHEET FOR THRIVE IRELAND LIMITED AS AT 31 MARCH 2025 2025 2024 Note Current assets Debtors Cash 8t bank 8nd in hand Net assèts 7,827 11,933 19,701 Current Liabilities Creditors.. amounts due within one year 4,258 3,236 Net Assets 40,096 28,398 The fund8 ofthe ¢harfty Unrestricted income funds Restricted income funds Total charlty funds 11 11 24,568 11,471 40,096 28,398 For the year ending 31 March 2025, the company was entitled to exemption from audit under section 477 of the Companies Act 20C6 relating to small companies. The members have not required the company to obtain an audit of ils accounts for the year in question in acrdanCe with section 476. The directors acknowledge their responsibilities for complying with th8 requirements of the Companies Act 2CQ6 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicsble to companies subject to the small companies, regime. Approved by the Board of Trustees on 11 September 2025. Chr18 Thomspon Truslee 10
NOTES TO THE FINANCIAL STATEMENTS FOR THRIVE IRELAND LIMITED AS AT 31 MARCH 2025 ACCOUNTING POLICIES (a) Basls of preparation of the flnancial statements The financial statements have been prepared under the historic81 cost convention in accordance with applicable United Kingdom Accounting Standards, the Charity Commission 'Stat8ment of Recommendad Practice.. Accounting and Reporting by Charities, (SORP2015}, the Financial Reporting Standard for Smaller Entities (effective January 2015), and the Companies Act 26. A summary of the principal accounting policies, which have been applied consistently, exc8Pt where noted, is set out below. (b) Fund accounting pollcy Unrestricted income funds are general funds that 8re available for use at the trustees, discretion in furtherance of the objectlV8s of the charity. Further details of each fund are disclosed in Noto 11. 1¢) Incomlng r080urces Donations are recognls8d where there is entitlement, certainty of raceipt 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 lime as the gift to which they relate. Investment income is recogni5ed on a receivable basis. Id) Resources expended Li8biliti8s are recognised as soon as there is a legal or constructiva obligation committing the charity to the exp8nditure. All expenditure is accounted for on an accruals basis and has baen class'rfied under headings that aggregate all costs relating to the category. Charitable expenditure comprises those costs incurred by tha charity in th8 delivery of its activities 8nd services for its beneficiaries. It includes both wsts that can be allocated directly to such activities and those costs of 8n indirect nature necessary to support tham. lol Governance cost8 Govemance 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 governancA or constitutional matters (f) Trade and other debtors will be recognised at the setllemenl amount due after any trade discount offered. Prepayments are valued at the amount prepaid n8t of any Irade discounts due. 11
NOTES TO THE FINANCIAL STATEMENTS FOR THRIVE IRELAND LIMITED AS AT 31 MARCH 2025 Voluntary Income Unrestrlcted Restricted Funds Funds 2025 2025 Total Funds 2025 Total Funds 2024 Grants and donatlons Las Casas Institute Nl Community Relations Council Benefact Trust The Laing Trust The Evangelisation Trust Black Santa TBF KL Thompson Trust House of Vic Ryn Donations Fundraising and Gift Aid 6,000 4,871 11,000 3,500 6,000 6,000 4,871 4,120 11,000 11,000 3,500 432 1,300 3,500 3,500 2,495 1,300 3,500 3,500 2,4S5 4,986 7,109 1,203 43,275 27,741 17,904 26,371 Tho charity benefitt8d from the use of office space and facilities provided by Tearfund (Northern Ireland) at its Belfast office. This valuation 18 included in donated income and an gquivalent amount raco9nised as charitable expenditur8. Income from charitable actlvities Unrestrlcted Restricted Funds Funds 2025 2026 Total Fund8 2025 Total Funds 2024 Facllltation and tralning 44,349 30,020 4. Total resourc88 oxpended Unrestricted Funds 2025 Restrlcted Total Funds Funds 2025 2025 Total Funds 2024 Staff Costs Staff Expenses Programme Costs Operating Costs 39,557 277 7,296 2.026 49,156 21,889 61,446 50 327 4,831 12,127 2,026 26,770 7S,926 48,457 1,091 5,898 876 56.322 5. Staff costs, trustoe remuneratlon and expenses and costs of key management personnel 2025 2024 Staff Costs 61,773 49,548 12
NOTES TO THE FINANCIAL STATEMENTS FOR THRIVE IRELAND LIMITED AS AT 31 MARCH 2025 Av8rage number of employees During the year the org8nisation 8mployed two additional part time staff. No Trust88s rec8ived any remuneration or expenses during the year. Debtors 2025 2024 Accrued Income Prepayments 7,461 366 7,827 10,819 11,933 7. Creditors 2025 2024 Accruals 4,258 3,236 Taxation The company is a registered charity and is exempt from tax on income and gains to the extent that these 8re applied to its charitable purposes. Members. Liability The charity is a privata 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 th8 charity in the event of liquidation. 10. Rélated partles There were no related party transactions in the reporting period. 11. Analysls of Funds At 1 Aprll Incoming Resources 2024 Resources Expended Transf•rn between Funds At31 March 2025 General Funds Unrestricted Income Fund Restricied Funds 11,471 62,253 (49,1561 24,568 28.398 87,624 75,926 40.096 13
NOTES TO THE FINANCIAL STATEMENTS FOR THRIVE IRELAND LIMITED AS AT 31 MARCH 2025 12. Nel Assets by Fund Unrestrtcted Funds 2025 Rostricted Funds 2025 Total Funds 2025 Total Funds 2024 Current Assets Net Assets 24 568 24,568 40,096 40,096 28,398 28.398 15.528 14