Registration number N1039134 Foyle Doivn Syndrome Trust Llmlted (Company limitcd by guarantec) Directors, report and flnancial statements for the year ended 28 Trebruary 2024
Foyle Doivn Syndromc Trust Litnited Company limited by guarantee Contents Page Lcgal and adminisiralive inforniatioii Dircclor8' rcporl Independent Examlner's report Sttstement of Finaneial Activities Balance sheet Notcs to Ihc AinanciAI slalcmcnls 8-15
Foyle Doivn Syndrome Trust Limited Company limited by guarantee CompAny information Dlrectors Elainc Kirk Patricia B Tay Anthony Kirk Angela Thompson Seamus Farren - Resisned 20 June 20?3 Deborah Rogers - Resigned 20 June 2023 Mari McElgunn Roisin Hamill Clare Mcmonagle Gary Walsh Mary Durkan - Appointed 20 June 2023 Grahain Warke - Appointed •0 June 2023 Charity number NIC 105694 XR2?97_3 Company number Nl 0391.34 Rcgisterod officc Shared Future Centre Cityvi¢w Park 61 Trish Street Dcrry BT47 2DB Accountants McGroariy Mccarrcrty & Coinpany Lid Accountant¥ & Con%ulianl ? Carlisle Terrace Dcny BT48 6JX Busincss address Shared Futiire Centre Cityview Park 61 Irish Street Derry B'I'47 2DB Bankers AIB (ND Meadoivbank Strand Road Deny B T48 7TN Pa2e I
Foylc Doii'n Syndronic Trust Litnited Company limited by guarantee DireLlors' report for tlie year cnded 28 February 2024 Thc directors prcsent their report and the i& udiled financi&l1 st4ltements for the Ye ended 28 February 2024. Principal activity The principal 2¢1ivily of the charity company is lo rclicvc and rehabililalc children aiid adulls with Down Syndronic and improvc wcll bcing tLnd qualiiy of lifc for children and adulls with Down Syndroinc as wcll as thcir cxlend¢d lamil), and caring circles. Structurcl govcrnJncc and managemL'nt The company is govemed and managed by lh¢ board of directors. The direciors who served Ihe conipany during the financial year are shown on pase l. The board of directors carry out their governance role throughout the year by way of meetings on a monihly ba5lS to reVi#W the performance of the chaiiiy and rnak-e decisions regai'ding its financial and operational mattLI'S. Thc diteclors govcrn the activitics of the charitable company in line with the objectives sct out in thc govcrning documcnis of thc charily, namely Ihe Thqemorandum and Articlcs of Association and ihc charily's constitulion. ObJectlv&s and actlvltlo8 Foyl¢ Down Syndrome Trust Limited fosl¢rs a ¢uliure of inclusion iviih an innovative and ground breaking approach to educational. social and perqonal devclopmenl needs ol children nnd young people with Dowii Syndroin¢. The charilable c01npany organise, co-ordinalc und focililolc cducaiional, social and lifc skills programmcs, cnsuring inclusiviiy and divcrsilyi Ihe corc tcnanls of Ihe clioritnblc conipaiiy's policy and practice, are proinoted. The compwiy is a 'not-for-profit' orguni5ation. Tlie results for the )iear are set oiit in this report. Achievements and performance The directors are satisfied with the performance of the company durins the year, in terms of both finoncial and operational result8. Please refer to the charity's Annual Report for more detail on the numerous achievements of the cornpany throughout the year. Financial revieiv The net surplu5 for the year- £?.5,991 (2023 - 5ury)Iu5 £8,651). Tlie total of reserveb at the year end £?8.3,454 (202.3 - £257,463). Cash ai bank £.30.3.969 (?0?.3 - £259.33.3), The dll'ector$ aiin to have a ca.4h re8crve covci'ing al Icast 6 inonlh$ cxpcndilurc al any givcn limc. Plans for the future periods The direclor.% plan to build .gufficient re%eiveg over the next five to %ix Ye with ll view lo purchasing a buildinq. The buildlng will provde more opportunites for the charity to extend its gervices. SignificanL funding has been securcd for futurc periods. The dircctors will conlinue to govcrn thc company in line iviih the conslitution in order lo achieve the charitable coinpany objectives. PAge. 2
Foyle Doivn Syndrome Trust Liniited Company limited by guarantee Directors, report for the year ended 28 February 2024 continued Directors ResponsibEllties In Relalion To The fi inancial Statements Company law requires the director5 to prepare financial statements for each financiul year which give a tru¢ and fair view of the state of the affairs of the charitable company and of Ihe profil or 105s of ihc charity company for thai year. In prepai'ing these the diitciors are irquired to: select suitable aecounting policies und apply them consislentLy; make jud8ements and esllmates that arc reasonable and prudent; obs¢rvc mcihods and principles in Ihe charities SORP 2019 (FRS 102); stale whether applicable UK Accounting Standards have been followed, subject to 21 ny malerial departures disclosed and cxplaincd in Ihc financial statenicnls; prcparc thc finuncilll tslaletnen14 on Ihc going concern basis unlcb¥ it it* inuppropriate to pre.%unie that the comp41ny will continue in busincss. The director% are rc%pon.%iblc for kccping proper accounling rccord% whicll di.%clo4e with reasonable accuracy at Llny time thc finL2ncial position of the company nd io cnablc thcm to ensure thiqt the fin4Trnci.I1 stalenients comply with the Companies Act 2006. They are a150 responsible for safeguarding the asscls ol Ihe compAny lid hence for taking reasoi)able steps for the prevention and detection of Iraud and oihcr irresularities. Th¢ report 18 prepared in accordance with the special provision8 of Part 15 of Ihe Companies Aci 2006 relating to sniall conipanies and in accord&ce with SORP 2019 (FRS102). Independent Eyamlner A resolulion will be proposcd at the Anniial Gcneral Mccling that McGroarty Mccafferty & CoMp]Y Ltd be reappointed a5 independent exarniners for the ensiiing year. The financial slalcmcnls wcre approvcd and aulhoriscd for issuc by the board 011 9 May 2024 and signed on its behalf by? or Director PAge. .3
Foyle Doii'n Syndrotne Trust Liniited Company limited by guarantee Indepondont examinor's report on tho unlludited financial statemonts to tho directors of i oyle Doivn Syndrome Trust Limlted We report on the accounts of the company for Ihc ycar ended 28 February 2024. which are set out on P&lges 5 10 15. Rcspcctive rosponsibilitics of chorlty dlrectors kind examlnLr' As the charity directors you arc rcsponsiblc for Ihe preparation of the accounts in accordance with thc requireinenls of the Cornpm< ies Act 2006. Having salisfied ourselves thai the ch4irity is not subject to audit uiider company law, and 15 eligible for independcnl cxaminttlioii. it is our responsibility to; exaniine the accounts under section 65 of ihe Chariiics Aci 2008; follow Ihe proccdurc% laid down in ilic general direction4 given by the Charity Cornnii.%.4ion for Norlhcrn Ireland uiider section 65(9)(b) of the Chiirities Aci 2008. state wliether particular matters have come lo our ollention, sis of independent exllminer's report We have examined your charity accounls as i'cquired under .%ec(ion 65 of the Chaiiti&s Act and my examination wa% carrled out in acCordce wilh tlie general direction.s given by the Charity Conuni%sion for Northern Ireland under Section 65(9)Ib) of the Chllrilics Acl. The ex4iminaiioii included a review of the accounting records kepl by Ihe charily and o comparison of the accounts presented wilh those records. It also included a considcriTrtion of any unusual il¢ms or disclosures in the accounts, and seeking explanalions from you as chariLy diroctors ¢oii¢erniiJg any buch matleTS. Our role is lo slate whether any material mitters hli ve comc to our ntteiilioii gii'ing us ¢4use lo believe: - Iliat accountiiig rccords wcrc not kept in accordAnc¢ with sectioii .386 of the Companies Act 2006. Ihai ihe accounts do noi accord with those accounlinB records; Ihat Ihc accounls do not comply with ihc accounting r¢quir¢inents of the Secllon 396 of the Coinpanics Act 2006 and the methods aiid principles of the Charilics Sialcmcnl of R¢cornmended Practice applicable to cliarities preparing their accoiints in accordaiice with the Financial Reporting Stiindard applicable in the UK and Republic of Ireland; that there is further infonnution needed for proper undeiBtandin8. Independent examlner's statement The churity's gross income exceeded £250,000, therefore the examiner musi be a member of a listed body. Wc can confirrn that wc arc qualified to undertake the examination as we aTL TcgistLrcd as mcmber5 of CharterL'd AccounlanL Ireland which is one of th¢ listed bodies. We have completed our examination and have no concerns in respect of the matters listed abov¢ and, in connection with the following directions of ihtt Charity Commission for Ni Oithern Ireland. we have found no mall¢YS that tcquirc draiving to yOUi' aiicnlion. McGroartyy ccaffcrty & on)pany Ltd Accountants & Tax ConsulÉants 2 Carlisle Terrace BT48 6JX Datc: 9 May 2024 Pa£e 4
Foyle Doivn Syndrome Trust Liniitcd Company limited by guarantee Statement of Flnanclal Actlvltles for the year ended 28 February 2024 Toial Funds 2024 Total Funds 2023 Unrestricted Funds Restricted Funds Income and Expenditure Incoming Rcsourccs Voluntary kncome Aciiviti¢s for generating funds Investment Income 46,437 14,122 347 417,211 479,6.10 47.5,981 14.122 14,247 347 539 Total Incomlng Resources 60,906 433,213 494.119 490,767 ResourL'es Expended Direct Charitable Expenditure Mllnttgeinent & Administration 26,812 6.900 390,420 43.996 417.232 428.276 50,896 53,840 Tothl Rcsources Expendcd 33,712 434.416 468,128 482.116 Net Incoming l (Outgoing) Resourc&s 12 27,194 (1.203) 25.991 8,651 Balances brought fonvard l March 2023 ?46,635 10,8?8 257,463 248,812 Balanc¢8 Carried forward 28 february 2024 273,829 9,6?5 283.454 257,463 Thc abovc amounls rclalc to ¢onlinuing operations of the charity. The charity has no recogttised gains and losses other than those included in the Tesults above and therefore no separate 5lateTnent of total recognised gains and losse5 has been presentcd. There is no dirrcrcncc belween the ncL incoining resouices for the year slated above and theu- historical cost equivalents. Pa2e 5
Foyle Doivn Syndronie Trust Liiiiited Company liniited by guarantee BolAnce shoet as at 28 fiebruary 2024 2024 2023 Notes Fixed a&s¢ts Tangible assets Current assLts Cash at bank aiid in hand 10 26,479 37,9.fj8 303,969 259,333 303,969 259,333 Credltors: amounts falllng due ivlthln one year 11 (46,994) (39,828) Nct current assets 256,97.5 219,-fj05 Totlll assets less curront liHbiliticS 283.4.54 257,461 Net assets 283.454 257,463 Funds Restricted Unrcslriclcd 12 9.625 276.829 10.8?8 246,635 286,454 257.463 The notes on pages 8 to 15 form an integral part of these financial slatements. Page 6
Foyle Doivn Syndrome Trust Liniited Company limited by guarantee Balance sheet (continued) i approving thcsc financial slatcments os directors of the company we hereby confirni: The company was enlitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies. The members have not required the compaiiy to obtaiii an audit iii accordunce with section 476 of the Companies Act 2006. Th¢ dii'ecloi'.% ack'noivledgc ihLif Tcsponsibililics foi. complying wiih Ihc rcquircmcnts of ihc Companies Act 2006 with re8pecl to accounting I'ccord.s and preparulion ol uccounl8. These accounis hive been preparcd in ac¢oi'dance Wilh Ihc provisions applicable co.srnall companies subject to thc small companies iegin]e and in accordallcG with SORP 2019 (FRSIO?). Thc finAnciul siolcmcnts wcrc approved and authoriscd for issue by thc board on 9 May 2024 £md signed on lis behalf by; Director Direclor Date: 9 Lvlay 2024 Date: 9 May 2024 Registratlon No.. N1039134 Page 7
Foyle Doivn Syndrome Trust Lin)ited Company limited by guarantee Notes to Ihe financlal statements for the year ended 28 February 2024 Gcncral Informlltlon The charity is a privalc limiled compaiiy by guaranlce, registered in Nonhern Ireland and a registered churiiy in Northeni Irelaiid. The address of the registered office 15 Sliared Future Centre, Cityview Park, 611rish Street, Derry, B T47 ?DB. Accountlng pollcles The principal accounting policie.8 adopted in the preparation of the financial statements are set out below and have remained unchanged from Ihe previous year, and also have been consistently applied within the same accounts. 2.1. Aceountlng conventlon The chariiy con.%lilul¢.s a public benefit cnlily al defined by FRS102. The financial .slalement8 have beeii prepared iii aecordance wilh the accounting policies sei out in notes 10 the accounis and coii)ply with the chariiy's govcming docuinent, Ihe Chllrilies Acl (Northcrn Ireland) 2008 and Accounting and Reporting by Charitics: Stlltcincnt of Rccommendcd Practlce llpplicable 10 chllrilics preparing Ihcir accounlg in llccordllncc with ihe Financial Rcporling SIAndard llpplicnble in ihc UK ond Rcpiiblic ol Ireland published in Oclober 2019 (SORP 2019) uiid the Companies Acl ?006. The financial slalements are pi'epared on a going Concei basis under the historical cost convention iiiodifjed to include Ihe certain items al fair value. The finaiicial slalenient% are pre%eiited iii %lerling which is Ihc funclionil currency ol Ihc chnrily. 2.2. Incomlng ro4ources All incoming rcsourccs arc includ¢d in ihc statemcnt or rinancial 42clivilics when Ihc chariiy is cnlitlcd lo Ihc incoinc ond the ainount can be quantified wilh reasonable accuracy. The following specific policics ure applied to particular c4iegori¢i* of income: Voluntary income is received by way of grants, donation5 and gifts and 15 included in full in the slatement of financial activities when iyceivable. Grants where entitlernent is not conditional on th¢ d¢livcry of u 8pecific performance by ihe charity are recognise(l ivhen lh¢ charity b¢com¢8 unconditionally entitled lo the grant. Donaled servlces 42nd facilities are included at the Vi11ue lo the charity ivhere this can be quanlified. The ViTrlue of the services provided by the volunteers h2& s not been included. Gilt8 donated for resale are included a.i iiicoming resource8 Ivlthin the activities for generaling funds whcn thcy arc sold. Grants, including gi'ants for the purchase of fixed assets, are recognised in full in ihe slalernent of financial activilies in ihe year in which they are receivable. Income from Anvestinents is included in the year in which it is receivable. PAPP. X
Foyle Doivn Syndrome Trust Limited Company limited by guarantee Notes to the financial statements for tho year onded 28 February 2024 continued 2.3. Resourc&s expended Expenditure is recognised on an accrual ba818 as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is reported as part of the expenditure to which it relates. Costs of generatiiig fiinds comprise the costs associated with attracting voluntary incorne and the costs of trading for fundraising purposes. Charilablc cxpcnditiirc comprises those costs incurred by the charity in the delivcry of ils llciivilies and services for its beiieficiories. It iiicludes both coscs that cai) be allocated directly to such activities and those costs of an indirect nature necessary to bUPPOrt them. 2.4. TangSble fixed assets and depreciation Tangible fixed assets are stated at cost less depreciation. Deprecicltion is provided at rates calculthtcd to writc off the cosi Icss residual value of each asset over Ats expected useful life, as follows: Fixtures, fitting.% and cquipmenl Motoi. v¢hiclc.s WcbsitL' 20¥0 Straighi Linc 20Wo Sirnighi Linc 2010 Straighi line PAlle. 9
Foyle Doivn Syndrome Trust Liniited Compan), limited by guarantee Notes to the financial statements for the year onded 28 February 2024 continued Unrestricted Restrlcted Total Income Income fiunds 2024 2024 2024 Total Funds 2023 Incoming Resourees Jncomin resources from charitablc activltl&$ WHSCT coiitract Privale aiid poreiit donati0115 WHSCT - Day Opportunit), Supporled 'rhe National Ix)ttery Thc Nlliional lJ)ilcry- Cosi OF Living Fund l-Illr8rcavcs Foundniion Community Foundthiion NI - Toy Appeul The Truslhouse Charitable Foundation The Bally Thomas Charity Fund Trish Youth Foundation BBC Children in Need Pathway Fund The Clothworkers Foundation Ulslcr Gardcn Villngcs AIB Cornmunity Graiit Fimius Energy 38,205 .I8,20.5 .5.000 166,688 9.5,094 2,717 182,6.3? 182,612 85,879 85,879 11,162 11,162 4,894 4.894 7,500 7,500 29.007 29,007 21.971 5,000 1,748 1.748 81.6.30 .31.630 28,62.3 98,6?3 29.9.32 433,213 433,213 419,802 oluntnr Income Privaie & parent donatioiis 46,437 46,437 56,179 Total 46,437 433,213 479,650 475,981 Rcstrictcd Funds Fund5 r¢¢¢iv¢d which are eannarked by the Funder for specific purposes. Such purposcs arc wilhin the overall alin5 of the orgaiublltion, (11) Unrestrlcted Funds Funds which are expenddble at the discretion of the company in furtherunce of the aims of Ihe charity. In addition funds may be held in order to finance capital inv¢stment and working capital. PApp. 1(b
Foylc Doivn Syndrome Trust Limited Company limited by guarantee Notes to the financial statements for the year ended 28 February 2024 continued Activities for generating funds Unrestrlcted Restrfcted 2024 2024 Total 2024 Total 2023 Gifi Aid Claim 14,122 14,122 14,247 Investnicnt Inconle Unrestrlctcd Restrlctcd 2024 2024 Totlll 2024 Total 2023 Dep051t biteiest 347 347 539 P2pp. 11
Foyle DoiTrn Syndrome Trust Limitcd Company limited by guarantee Yot¢s to the flnancial slatements Cor the yeur cndcd 28 February 2024 continued Resources Expended Unrestricted Funds Restrlcted Funds Total 2024 Total 2023 Dlrect Chnrltablc Expcnditure Wages & salaries Staff pciision costs Stuff trainins Oiher sloff cost5 Prograinmc & resour¢cs Advcrtising & PR Volunteer expenses Travel Subscripiions & memberships 26,812 986,606 30,676 9,14.5 2,26.3 -813,418 -10,676 9,145 2,26.3 58,128 918 326,757 2,362 1,946 62,.fj27 760 918 965 1,719 965 1.719 1.264 763 26,812 390,420 417,232 428,276 Unrestrlcted Restrlct¢d Totul 2024 Total 2Q23 ManAgemcnt & Adminlstrotlon Rent In.surancc Light & heat RLpiliTS & mainlLnancc Cleaning expense8 Sialionery & poslagc Communications & Accouniancy Bank charges Fundri2jSins expenscs Dcprccialion 18,794 5,563 5,413 1,058 140 2,088 2,-334 1,320 856 1,851 4,579 18,794 5,563 5,413 1,058 140 2,088 2,334 1,320 856 1,851 11,479 18,795 4,035 9,538 924 79 1,821 3,76.fj 1,320 857 1,227 11,479 6.900 6,900 50,896 53,840 Total 33,712 434,416 468,128 482,116 Pp. 12
Foyle Doii'n Syndromc Trust Limited Company limited by guarantee Notes to the financial statements for tho year ondcd 28 Fcbruary 2024 continued Net (DcfIcit)I Surplu5 2024 2023 Net (Deficil)I Surplus is btated after charging.. Depreciation aiid other amoun1% written off tangible a¥%ets 11,479 11,479 Einployeos 2024 2023 Wages & Salaries Stuff pension contributions 313,418 30.676 326.757 30.272 344,094 357.029 Number of employees The avcragc illonlhly numbers of cjnployces during the >'ear, calculated on the ba51s of full time equivaIents, WAS os follows.. 2024 Numbcr 2023 Numbcr 12 10 Taxatlon As a charity. Foyle Down Syndrome Trust Limiled 15 exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of ChuTgeable Gains Act 1992 to the extent that these are applied to its chargeable object5. Accordingly, no tax chorges have arisen in the charily. PAtyP. 1.7
Foyle Dosvn Syndrome Trust Limited Company limited by guarantee L Otes to the financial statements for the ycar cndcd 28 Fobruary 2024 conlinucd ri Sxtures, tlttlngs and equipment 10. Tan%lble tlxed asqets Motor velilcl Webslte Total Cost At l MrCh •0?3 37,9?1 42,500 At 28 February ?024 -37,9?1 Depreclallon At l March 20?3 Charge for the year 33.963 2,979 8,500 8.500 45,313 11,479 At 28 Februvi y 2024 36,942 17,000 2,850 56,792 Net book vlllues At 28 Febniary ?0?4 979 ?.5,-500 26,479 At 28 Febniary ?O?I .34,000 11, Credllors: amounts falling due iyithin one year 2024 2023 Deferred iiicome Accruals 45,674 .18,508 46,994 39,828 12. MovL'mLnts In Funds At l March Incon)Ing Outgolng 2023 resources resources Transfers At 28 Februury 2024 Rostrictcd funds: Restricied funds 10,828 433 ?1.3 (434,416) 9,62.fj Unrestricted funds: General Funds 246.635 60,906 (.3.3.712) 97_3,829 Tolcil lunds 257,463 494,119 (468.1?8) ?8.3.454 PASFP 14
Foyle Doivn Syndrome Trust Limited Company limited by guarantee i Otes to the financial statements for (ho yoar endcd 28 Fcbruary 2024 continued 13. Rclatcd party transactions There were no related party transactions in Ihe period under revicw. 14. Controlllng Interest Controlling interest of the charitoble company lies with board of director5. 15. Company limited by guarantee Foyle Down Syndrome Trust Limited is a company limited by guarantee and noi having a shaLC capital. 16. Post Balance Sheet events No signifLcanl cvents have IAkcn placc sincc Ihc year end Ihnt would result in adjustments to 2024 fmancial Anfonnalion or inclusion of a nole thereto.