er Andersonslown Communi Forum Ltd StAlement of FiiianciAI Activities Incur oratin an Incon]e and Ex for the Year Ended 31 March 2023 enditure Account 31.3.23 Total fiiiids 31.3.22 Total fiiiids Unrestricted Restricted fuiids funds Notes INCOME AND ENDOWMENTS FROM Charitable activities Graiits Ileceivable 1,012,837 1,012,837 779,176 Oiher tradiiigF activities Otlier incoine 263,457 500 263,457 500 248,733 Total 263,957 1,012,837 1,276,794 1,027,909 EXPENDITURC ON Charitable activities DireLt Cliaritable Expeiises Goveriiance 176,192 27,884 1,058,719 1,234,911 27,884 1,136,275 15,538 Tot¥1 204,076 1,058,719 1,262,795 1 151,813 NFT INCOMEI(F.XPENDITURE} 59,881 (45,882) 13,999 (123,904) RFCONCILIATION OF FUNDS I"otal tiliids broiigllii forward 347,160 337,431 684,591 808,495 TOTAL FUNDS CARRIED FORWARD 407,041 291,549 698,590 684,591 The notes foriii part ot these fiiiaiicial statements 27
er Andersonstown Communi Forum Ltd Statement of Financial Position 31 March 2023 31.3.23 31.3.22 Notes FIXED ASSETS Tangible assets 10 247,460 298,465 CURRENT ASSETS Debtors Casl) at bank 9,667 469,398 58,714 336.279 479,065 394,993 CREDITORS Aiiioiiiits fal l iiig due witliin oiie year 12 (27,935) (8,867) NET CURRCNT ASSETS 451,130 386,126 TOTAL ASSETS LESS CURRENT LIABILITIIS 698,590 684,591 NET ASSETS 698,590 684,591 FUNDS lJiire511'iLted fuiids RLsli'iLled fLiiids 14 407,041 291,549 347,160 337,431 TOTAL FUNDS 698,590 684,591 These fiiiancial stateinents have beeii prepared iii accordance witli the provisioiis applicable to charitable coiiipaiiies siibject to tlie sinall coiiipanies regyjiiie. Tlie fiiiaiicial st¢lteineiits were appi'()ved by tlie Board of TrLlStees aiid autliorised for issiie on 24 Noveinber 2023 and were sigiied on its belialf by., Gerard Meelian - TrLislee Bai'iiey Kaiie - Trustee Tlie notes forin part of tliese fiiiancial stateiments 28
er Andersonstown Communi Forum Ltd ,StAtement of Cash Flow's for the Year Ended 31 March 2023 31.3.23 31.3.22 Notes Cash flows from operating activities Casli geiiei'aled froin operatioiis 137,776 (113,961) Net cash provided by/(used in) operatillg7 activities 137,776 (113,961) Cash llows from investing activities Purcliase of tangible fixed assets Sale of taiigible fixed assets (5,157) 500 (2,329) Net cash used in investiiig activilies (4,657) (2,329) Change in Cash and cash equivalents in the reporliiig period Cdsh and eash equivalents #t the beginiiing of tlie reporting perio(1 133,119 (116,290) 336,279 452,569 Cash and cash equivalents #t the end of the reporting period 469,398 336,279 Tlie notes foriii part of tliese finai)cial statements 29
er Andersonstown Communi Forum Ltd Notes to the Statement of Cash Flows for the Year Ended 31 March 2023 RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPF.RATING ACTIVITIES 31.3.23 31.3.22 Net incomel(expenditure) for the reporting period (as per the Statement of Financial Activities) Adjustments for: Dei)r¢ciatioii chai'ges Profit oli disposal of fixed assets Decrease/(increase} iii debtors Increase/(decrease) in ci'editoi's 13,999 (123,904) 56,162 (500) 49,047 19,068 55,483 (45,341) {199) INet cash provided byl(used in) operations 137,776 {113,961) ANALYSIS OF CHANGES IN NET FUNDS At 114122 Cash flow At 3113123 Net cash Casli at bank 336,279 133,119 469,398 336,279 133,119 469,398 Total 336,279 133,119 469,398 Tl)e notes forin part of tliese fiiiancial statenieiits 30
er Andersonstown Communit Forum Ltd Notes to the Financial Statements for the Year Ended 31 March 2023 ACCOUNTING POLICIES Basis of preparing the financial statements (a) General information and basis of preparation Upper Aiidersolistowii Comiiiuiiity ForLlln Ltd is constitiited as a compciny limited by guaraiitee iiicorporated iii Northern Ireland {N103225 8). In tlie event of tlie ihai'ity beiiigF would LIP, tlie liability iii respect of the guai'aiitee is liinited to £ I per niei)Iber of the charity. Tlie charity Coiistitutes a PLiblic benefit eiitity as defined by FRS 102. Tlie fiiiaiicial staleineiits have beeii prepared iii accordaiice witli AccoLlllting aiid Reportiiig by Cliarities.. Slatemeiit of Recoinineiided Practice applicable to charities prepariiig their accouiits li) accordaiice with tlie Fiiiaiic ial Reportillg7 Siaiidai'd appl icable iii tli¢ U K aiid Eiei)Iibl ic ot" Ireland (FRS 102), Ilie Fiiiaiicial Reportiiig St<iiid<ird applicablL iii tlie Uiiited Kiiigdoin aiid Republic of Irelaiid (FRS 102), the Chai'ities Act (Nortliei'ii I relaiid) 2013, tlie Coinpanies Act 2006 aiid U K Geiiei'al ly Accepled Practice as it appl ies froin l January 2015. Tlie fiiianLial slateineiits are prepared oli a goinL7 coiicerii basis uiidL'r tlie liistorical cost conventioii, Inoditied io illLliide certaiii iteins at fair valiie. Tlie fiiiaiicial slatcinciits are pi'eseiited iii slerliiig, wliiLh is Ilie l uiiLtioiial ciiri'eiicy of tlie cliai'ity. Tlie sigyiiificaiit accouiiliiig p()licies applied in Ilie preparalion of tliese fiii<111cial slateiiieiits are sel oiit below. Tl)ese pol icies liave beeii consistently applied to al l years preseiiled Liiiless otlierwise stated, (b) Funds Uiirestricted fuiids are available foi. use at tlie discretion of tlie trustees in fui'tlieraiice of tlie gyeneral objcctives of tlie cliai'ity and wliicli liave iiot beeii desig7iiated lor other piirposes. DeSlgFiialed tLiiids coiiiprise Liiirestricted fiiiids iliat Iiave beeii set aside by ilie IriistLes foi. pai'liLiilar PLirposes. 'I'lie aiin and Lise of eacli desigyiialed fliiid is set oiit iii the iiotes to il)e I Iiiaiicial stdleineiits. Restricted t"uiids are fiiiids wliicli are to be iised iii accordance with 5peLilic resti'ictlolls iiiiposed by doiioi's or wliicli have beeli I'aised by the cliarity t.or particular piirposes. Tlie cost of raisiiig aiid adiniiiisteriiig sucli fiinds are Lliargied agpaiiist the specific fuiid. Tlie aiin and use of each restricted fuiid is sel OLIt in ilie iiotes to tlie tiiiancial staleiiieiits. FLlI'tliei' explaiiatioii of tlie natiire aiid PLirpose ot eacli fiiiid is iiicliided iii tlie iiotes to tlie fiiiaiicial stateineiits. (c) Income recognition Al l incoiniiig resoLirces are illLliided in tlie Slateiiieiit of Financial Act ivities (S()FA) whei) the cliarity is legJally entitled to the iiicoiii¢ atler clliy pcrforiiiaiice coiidilioiis liave beeii Inet, tlie aiiiouiil cali be Ineasured I'el iably aiid it is pi'obable that tlic iiiLoinc wil I be I'¢¢¢ived. contiiiued..
er Andersonstown Communit Forum Ltd Notes to the Financial Statements continued for the Year Ended 31 March 2023 ACCOUNTING POLICIES- continued Basis of preparing the financial statements For donations to be recogiiised tlie chariiy wil I have beeii iiotified of tlie amounts aiid Il)e settleineiit date in writiiig. If there are coiiditioiis attaclied to tlie doiiatioi) and this requires a level of perforinance before eiititleinent can bc obtaiiied tlien iiicoime is deterred iintil those conditions are fully met or tlie fulfilinent uf Ihose conditions is witliiii the control of the cliarity and it is probable that they will be fLiltilled.Voluiitary incoiiie is received by way of graiits, doiiatioiis and gifts and is inclLided in full li) the Stateineiit of Fiiiaiicial Activities (SOFA) when receivable. Incoiiie received froin col lectioiis is recognised when received. Doiiated faLilities aiid doiiated professioiial services al'e I'ecognised iii income at tlie ii. fair valiie wheii Ilieir eLoiioinic beiicfit is pi'obable, it cali be Ineaslired reliably aiid the charity lias coiiti'ol over tlie itein. Fair vuliie is detei'iniiied oli tlie basis of the value of Ilie g7ift lo Ilie cliai'ily. Foi. example tlie aiiioiiiit tlie charity would be williiig to pay iii tlie opeii Inarket for sucli tacilities and sei'vices. A correspondiiig amount is recoL711ised in expeiid itiii'e. No aiiiount is iiicluded iii tlie fiiiaiicial stateineiits for voluiiteer tinie iii l iiie witli Ilie SORP (FRS 102). Furiher detail is gyiveii iii Ilie Truslees, Aniiual Report. For legyacies, eiititleiiieiit is the earlier of tlie cliarity being iiotified of an iinpeiidiiigy dislribiilioii or tlie legiacy beiiigy I'eceivcd. At tliis poiiit incoine is recogiiised. Oli occasioii legyacies wi I I be iiolitied to tlie Lliarity liowevei. it is iiot Possible to iiieasure tl)e ainoiinl expecled to be dislribiited. Oli tliese occasioiis, the legyacy is treated as a coiitlllg7eiit asset aiid disclosed. Iiicoine froin tradiiig activities iiicliides iiicoine eariied froin t"undraising eveiits aiid trad iiig aclivities to raise fuiids toi. tlie cliarity. InLome is received iii excliaiige for Slipplying gFoods aiid services iii order to raise tLiiids and is recogiiiised wheii eiilitleineiit lias occurred. Tlie chai'ity I'eceives gvoveriiiiieiil gi'aiits wliicli are detailed witliii) Ilie iiotes to tliesc fiiiaiicic11 taleiiieiits. Iiicoiiie from gpovei'niiieiit and otlier gyrants are reco&viiised al fair valiie wheii tlie cliarity lias eiititleineiit after aiiy perforinaiice ¢oiid ilions liave beeii Inel, it is probable tlial tlie iiicoine wil I be received aiid tlie aniouiit cali be iiieasured I'eliably. If eiititleiiieiil is iiot Inet tlieii these ainouiits are deferred. {D) Expendilure recognition All expeiiditurc is accoiintcd foi. 011 ii accrlials basis, iiiclusive of V A T wliicli caiiiiot be recovered aiid l)as been classified uiidcr li¢adii)g7S tliat aggreg1< te al l costs relatcd to tlie categiory. Expendiliire is I'ecogiiised wliere tliei'e is a l¢gFal or coiistructive obligatioii to Inake payineiits to tliird parties, it is probable tliat tl)e settleii)eiit will be reqliired and tlie ainounl ot. tlie obligation can be IneasLir¢d reliably. It is categorised uiider the followiiig lieadiiigs.. Cosls of rai5iiiLy fuiids iii¢ludes tlie cost.s associated with attr3Ctiiig voliintary incoines. Expeiiditiire 011 Lliaritable activities iiicliides tliose costs iiicuri'ed by tlie cliarity in Ilie delivery of its activities aiid services for its beiieficiaries. It iiicludes botli costs that cali be allocated d irectly to such activities aiid iliose Losts ot" ali indii'ect natLire necessary to support tliein. aiid Othei. expeiidilure represents tliose iteiiis iiot fall iiig iiito tlie categories above. Irrecoverable V A T is charged as ali expeiise agaiiist the activity for wliicli expend iture arose. 32 continued...
)er Andersonstown Cotnmunit Forum Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2023 ACCOUNTING POLICIES - eontinued Basis of preparing the financial statements Grants payable to third parties are witliin tlie cliaritable objectives. Where uncoiiditional graiits are offered, this is accrued as sooii as tlie recipient is iiotified ot tlie grant, as this gives rise to a reasoiiable expeclalion that the recipieiit will receive tlie grants. Wl)ere graiit.% are coiiditioiial relating lo perforiiiaiice Iheii tlie grant is oiily accriied wlien any untiilfilled conditions are outside of Ilie control of ihe charity. (e) Supporl costs allocation SLipport costs are tliose tliat assist tlie work of tlie cliarity biit do iiot directly represent charitable activities and iiiclud¢ otf Ice costs, goveriiaiice costs. adininisti'ative payrol I costs. "I'liey are iiicurred directly iii support ot" expeiiditiire 011 the objects of tlie ch¢irity aiid iiiclude project IT)anageiiieiit carried oiit at Headquarters. Wliere support costs caiinot be direcily attribiited lo particular head iiig75 they liave been allocated to cost of raisiiig funds and expeiiditure on cliaritable activities on a basis coiisistent witli use of tlie resources. Premises ovei'lieads l)ave been al located on an iiisert detai I basis aiid otlier overlieads liave beeii al located on a basis consisteiil with the iise of resoLirces. Fiiiid-raisii)gy costs are tliose iiiciiri'ed iii seekingF voliiiilary coiilribLltioiis and do iiot ii)cliide tlie cosls ot" d issciiiiiiatiiigT iiiforiiiatioii iii siipp()rl of tlie cliaritable activilies. (D Tangible fixed assets T1£ Ilg) ible fixed assets are stated at cost less accLilliLilated dcprec ial ion aiid c?CCLiiiiiilated iinpa irineiit losscs. Cost iiicludes costs d irecily atlribulable to InakiiigT IIIC a55et Lapable ot" opei'alingi a5 iiiILiidLd. Depreciatioii is provided oli all taiigible tixed assets, at rate5 calculated to write off, Ilie cost, less estiinated residual value, ot" eacli assel on a systeiiiatic basis over its expected iisefiil life as fol lows.. New Biiildiiig, Fixtures & Fittlllg75 M iiiibLIS 4 % StraiL7lIt Liiie 20 % Straibylit Line {g) Financial Instruments A fiiiaiicial asset or a finaiiiicll liability is recogiiised only wlieii tlie cliarity becoines a party to tlie Lolltractual provision of iliL iiistriiiiiei)t. Basic fii)ancial instrumeiits are iii itial ly recognised at tlie aimouiits receivable or payable including aiiy related traiisactioii costs. Curreiit assets aiid curi'eiit liabilitie.% are siibseqiiently Ineasured at tlie cash or otlier coiisideratioii exp¢ct¢d to be paid or rel ived aiid iiot d iscounted. Debt iiistriimeiits are subseqiieiitly measiired at amoi'tised cost. Wliere iiivestiiieiits in sliares are publicly traded or tlieir fair value cali otlierwise be Ineasured reliably, the investinenl is subseqiieiitly iiieasured at fair value witli chaiigyes iii fair V1( lue recognised iii iiicoine aiid expenditLire. All otlier sucli iiivestiiieiits are subseqLieiitly iiieasured al cost less iinpairineiit. 33 contiiiued...
er Andersonstown Cominunit Forum Ltd Notes to the Financial Statements - continueil for the Year Ended 31 March 2023 ACCOUNTING POLICIES - continued Basis of preparing the financial statements Otlier fii)ancial iiistrLiineiits, iiicliidiiig derivatives, are iiiitially recogiiised cit fair value, uii less paymeiil for an asset is deterred beyoiid iiori))al busiiiess lerii)s or fiiiaiiced at a rale ot- intei'est tliat is not a market rate, iii wliich case tlie asset is IneasLired at tl)e preseiit value of tl)e fiiture payinents discouiited at a inarket rate ot iiitei'esl for a siniilai. debt instruimeiit. Oilier fiiiancial instrLiIMei)ts are subsequeiitly Ineasured at fair value willi any cliaiiges recogiiised in the stateiiieiit of tinancial activities, with tlie exception ot hedgiiig instruinenls iii a desigiied hedging relatioiisliip. Finaiicial assets tliat are measiired at cost or ainortised cost are reviewed for objeclive evideiice of iinpairiiieiit at tlie eiid of eacli reportiiig date. if tliere is objeclive evideiice of iinpairinent an iinpairineiit loss is recognised under tlie appropriale headiiigy in the stateineiit of tiiiaiicial activilies in wliicli tlie iiiitial gaiii is recogiiised. For all equily IllStrLiineiits I'eg7ardless ot" sigiiificance, aiid other finaiicial 48sets tliat are individiially siLiii ificai)t, tliese are assessed iiid ividLial ly for iiiipairiiienl. Otlier tiiiaiic ial assets are eitlier assessed iiidividiial ly or &yi'oiiped 011 tlie basis ot" siini lar cred it ri.sk cliaracteristics. Aiiy revei'sals ot. iinpairment are recoL71Iised iiiiinediately, to tl)e extent tliat tlie reversal does iiot resu It iii a carryiiig7 ainouiit of tlie fiiiaiicial asset tlial exceed5 what the carryiiig amoLllIt woiild liave beeii liad tlie iiiipairineiit iiot pi'evioLisly beeii recogvnised. (h) Impairment Assets not Ineasured at fair valiie are reviewed for any indicatioii tliat the asset niay be iiiipaii'Ld at eacli balaiice slieet date. If sucli indiLatioii exists, tlie recoverable ai)ioiiiil ot. tlie asset, or tlie asset's casli g?ciici'atiiig Llll it, is estiiiialed <iiid Loiiipared to tlie Lari'yiiiLi ainoiiiil. Wliei'e tlie cai'i'yiiigF Ic IllOlllIt cxceeds it.% I'ecovei'able ainoLllIt, dii iinpairiiieiit loss is i'ecogjiiised iii protil or l()SS Liiilcss Il)e assel is carried at a revalued £illlOUlIt wlicre tlie iinpairiiieiit loss is a I'evaliiatioii (leLfe¢1SC. (i} Provisions l)rovisi0115 di'e recogiii ised wlieii tlie Lliariiy lias ali obligvatioii al Ilie balaiiLc Slieet dalc as a I'esLIIt of a past eveiil, it is probable tliat clli ouiflow of. ecoiioinic bei)efils will be rcqiiired iii sctlleiiieiil aiid tlie ainouiil can be rcliably estiiiialed. (j} Leases Assets acqiiired iiiider fiiiaiice lec1ses are capital ised aiid depreciated over tlie sliorter of tlie lease terin aiid the expecled Liseful litc ot tlie assel. MiiiiiiiLiin lease payineiils are ai)Iioi'tioiied betweeii tlie finaiice cliarg?e aiid tlie reductioii of tlie oiitstandiiig lease liabi lily usiiig tlie ef'f ective iiiterest Inetliod. The related obl igyatioiis, iiet of futiire fiiiance charbyes, al'e iiicluded in Lreditors. Reiitals Pc1yable aiid receivable uiider operaling7 leases di'e cliarged to tlie SOFA on a sti'aigilit line basis over tlie period of tlie lease. (k) Tax 34 oiitiiiued...
er Andersonstown Communi Forum Ltd Notes to the Financial Statement5 continued for the Year Ended 31 March 2023 ACCOUNTING POLICIES - continued Basis of preparing the financial statements No provisioii i.s r¢quir¢d for taxic tion as the coinpaiiy is defined as a cliarity for laxatioii purposes. The cliai'ity is a r¢LTlStered cliai'ity aiid so sucli is entitled to certaiii tax exempiioiis on iiicoine aiid protitq troiii inv¢stinentS clnd siirpluses oli aiiy tradiiig activities carried 011 iii fLirtlieraiice of tlie ¢liarity's priinary objectives, if tliese profits aiid surpluses al'e applied solely for cliaritable piirposes. (l) Going concern Tlie finaiicial stilteineiits have beeli pi'epared oli a goiiigF coiicerii basis as the trustees believe that iio Inaterial uiicei'taiiilies exist. Tlie trLlStees liave Loiisidered the level of t"Iiiids lield aiid tlie expected level of iiiLoine aiid expenditiire for 12 iiiontlis fi'oin aiitliorising tliese finaiicial stateiiients. Tlie bLidgieted iiicoine aiid expeiiditLire is sufficieiit with Ihe level of reserves for the cliarity lo be able to coiitiiiue as a going concern, (m) Aceounling estimates and are#s of judgen)ent The preparatioii of tlie fiiiaiicial slateiiieiits reqLiires Inaiiag7einent to Inake judgJeineiits, estimates aiid assuiiiptioiis tliat aft.ect tlie anioLlllts reported. These ¢stiiMates and jiidgieiiieiits are Loiitiniial ly reviewed aiid are based oli expei'ience aiid otlier factors, iiiclLidiiig expectatioiis of fiitiire eveiits Iliat are bel ieved to be reasoiiable under tlie circuinslaiices. Tlie iteiiis iii tlie financial stateinciits wliere tliese j Lid&?cincnts aiid estiinates have beeii iiiade iiiclude.. (i) e5tillliiliiigy tlie iisefu l ecoiioiiiic l ite ot. laiigyible l ixcd assets (i i) proi)Lrly valualioii (i li) allocation of. expeiiditure aiid siipport costs Taxation Tlie coinpaiiy i.s a regyiqtei'ed cli<irily aiid so siich is eiitiiled lo certaiii tax excmption8 011 incoine aiid pr()tils fi'oiii iiivestiiiei)tS 1111d SLlI'I)liises on ai)y tradiiigy aLliviti¢s Lai'i'ied ()ii iii tiii'tliei'aiice of tl)e cliarity's priinary objeLtives, if tlicse profit5 aiid siirpliises al-e appl led solely lor chai'ilable PLlI'poses. Fund accounting Tlie Charity has vai'ious typcs of fuiids for wliicli it is respoiisible, aiid wliicli require separate disclosui'e. These are as fol lows.. Restricted Funil Gi'aiits or doiialioiis received, wliich are earmai'ked by Ilie doiioi. for specitlL PLII'POSes Withiii the overall aiins of the organisation. Unrestricted Funds rlinds wliiLli are expeiidable at tlie discretion of tlie Dii'eclors in fiirtherance of tlie objects of the Lliarily. SLicli funds iiiay b¢ lie Id in order to finaiice capital investiiieiit and workiiig capital. Pension costs and other post-retircment benefits Tlie charitable coinpany opei'ates a detiiied conti'ibiition peiisioii sclieiiie. Conlributions payable to the charitable LOlllI)aiiy's peiision scheine are char&yed to tlie Stateineiit ol". Fiiiancial Activilies iii tlie period to wliiLli tliey I'elate. 35 coiitiiiued.
er Andersonstown Con]muni Forum Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2023 OTHER TRADING ACTIVITIES 31.3.23 31.3.22 Shop incoine Vetting I ncoine B14SCT Spoiisored Daycare Crèclie Fees Tutors & Traiiiiiig Iiisui'aiice Proceeds Fuiidraisiiigy & Doiiations CIT Healtli Wellbeiiig Radius Housiiig 156 228 57,173 180,108 7,073 4,500 8,179 6,040 2,909 527 57,535 164,065 5,574 1,060 16,567 496 263.457 248,733 INCOME FROM CHARITABLE ACTIVITIES 31.3.23 31.3.22 Activity Graiits Receivable Graiits 1,012,837 779,176 Graiits received, iiicluded iii tlie above, are as follows.. 31.3.23 31,3.22 Clii Idren in Need Coini)iuiiity Iiivestineiit Flind Voliiiiteei. Now Belfast City Couiicil re ReveiiLie Belfast City Coiiiicil I'e Festiva I Wesl Belfast Partnersliip Board Bel lasl l-lealtli Aiid Social Care Triist Brigylitslart Early Years - Patliway FLiiid Ediicatioii Autlioi'ity - Belfast Reg71011 F4ci)I'y Siiiitli Big Loltei'y New Youth Accoiint Big? Lottery Awards for All Cc1Pital Early Years Patliway FLiiid - Covid Gi'aiit Bcltast City CoLiiiciI Covid Grant Departi)ieiit for Coiiiiniinities - I iifrastructure Departineiit For Coininuiiilies - Ediication Belt"ast City Counci l - Coiniiiiiiiity ReLovery Dcpai-tineiit F or CoininLllllties Job Start Edlicatioii Autliority - SLiininer Sclieiiie Education Autlioi'ity - TBUC Coininuiiity Fiind Bike Sl)eltei's Educatioii Aiithority Capacity 21,788 31,303 63,098 2,435 18,000 3,348 18,000 85 1,760 76,790 15,733 15,387 29.904 67,001 67,451 87,000 30,953 30,953 1,750 10,167 262,225 119,693 62,444 4,995 4,619 15,000 1,500 3.150 2,337 10,167 108,776 59,347 4,577 Carried forward 502,427 749,309 36 coiitiiiued...
er Andersonstown Communit Forum Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2023 INCOME FROM CHARITABLE ACTIVITIES - eontinued 31.3.23 31.3.22 Brouglit forward BHSCT Home Help Active Coiiiiiiunily Network CIT Coininuiiity Safety Departinent for Cominuiiilies - Riiiiiiing Costs Departinent for Coininuiiities - Iiivestinent Fuiid Pathways Fund Keep Noi'tlierii I relaiid Beaiitifiil Belfast City Couiicil- Mediuiii C lear Project Belfast City Couiici I Cost of Liviiig Belt"ast City Couiici l - Siiiall 502,427 71,346 51,487 2,400 16,41 60,820 29,904 2,972 3,968 2,736 267,866 500 749,309 28,654 1,213 1,012,837 779,176 CHARITABLE ACTIVITIES COSTS Support costs (see note 5) Direct Costs Totals Direct Cl)aritable Expenses Goveriiaiice 1,234,911 1,234,911 27,884 27.884 1,234,911 27,884 1,262,795 SUPPORT COSTS Goveriiai)¢e costs Goveriiaiice 27,884 NET INCOMEI(EXPENDITURE) Net iiiconiel(expend iture) is staled after cliarL?jiig/(Lrediting): 31.3.23 31.3.22 Accoiiiitancy Fee Audit Fee Depi'eciation owiied assets Siirpliis on disposal ot fixed assets 2,880 3,000 56,162 (500) 2.787 3,000 55,483 37 coiitiiiued...
er Andersonstown Communit Forum Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2023 TRUSTEES, REMUNERATION AND BENEFITS There were 110 trustees, remuiieration or otlier benefits for the year ended 31 Marcli 2023 nor for tl)¢ year elided 31 Marcli 2022. Trustees, expenses There were no trustees, expeiises paid for tlie year ended 31 March 2023 nor for tlie year ended 31 Mai'ch 2022. STAFF COSTS 31.3.23 31.3.22 Wages and salaries Social security costs Otlier peiisioii costs 627,406 32,934 24,856 600,393 33,288 22,738 685,196 656,419 I"lie avei'age Inoiitli Iy IlLIITJber of einployees dLiriiigF the year was as fol lows.. 31.3.23 35 31,J.22 34 Maiiagyeineiit & Adiniii istratioii No einployees reLeived eiiioluinents li) excess of £60,000. Tlie key mciiiagieiiiLiil per.soiiiiel of tlie cliarily LOlYlI)I'i%e ot" tlie Cliief Execiitivc Officer and Sciiior Inanagyeineiil Icaiii. Tlie salic ries paid io key Inaiiagiei)ieiit pei'soiiiie I beiiigy tlic Cl)ief Fxeciitive Otf Icei., Ceiiti'e Maiigycr, Prog7raii)Ine aiid Cli i Idcare Co-oi'din¢1tors aiid FiiianLe Maiiagyer, dui'iiig the year tolalled £121,431 (2022.. £148,874). COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES U iiresli'iLtcd Resti'icted f'Liiids fiinds fuiids INCOME AND ENDOWMENTS FROM Charitable activities Graiils Receivable 779,176 779,176 Other trad iiigy acl ivilies 248,733 248,733 Total 248,733 779,176 1,027,909 EXPENDITURE ON Charitable aetivities Direct Cliaritable Expenses Goveriiaiice 249,860 15,538 886,415 1,136,275 15,538 Total 265,398 886,415 1 151,813 38 coiitinued...
er Andersonstown Communit Forum Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted Total funds funds funds NET INCOMEI(EXPENDITURE) (16,665) (107,239) (123,904) RECONCILIATION OF FUNDS Total fLiiids brought forward 363,825 444,670 808,495 TOTAL FUNDS CARRIED FORWARD 347,160 337,431 684,591 10. TANGIBLE FIXED ASSETS Fixtures ai)d fittings New Biiilding MinibLIS Totals COST At l April 2022 Additioiis Disposals 1,211,040 311,043 5,157 6,500 1,528,583 5,157 {6,500) (6,500) At 31 March 2023 1,211,040 316.200 1,527,240 DEPRECIATION At l April 2022 ChargTe for year El iiniiiated on d isposal 932,963 48,442 290,655 7,720 6,500 1,230,118 56,162 (6,500) (6,500) At 31 Marcli 2023 981,405 298,375 1,279,780 NET BOOK VALUE At 31 Marcli 2023 229,635 17.825 247,460 At 31 Marcli 2022 278,077 20,388 298,465 39 coiitiiiued..-
er Andersonstown Communit Forum Ltd Notes to the FinTrneial Stitements - Continued for the Yeiir Ended 31 March 2023 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.23 31.3.22 Trade debtors Brightstai-t Departineiit for Coiniiiunities Childi'eii in Need Active Coininunity Network Belfast City Coiinci I BHSCT Pi'epayiiieiits 5,181 3,847 3,541 3,847 5,369 13,772 1,213 1,577 28.654 741 639 9,667 58,714 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.23 31.3.22 Trade creditors Accruals aiid deferred incoine 1,441 26,494 8,867 27,935 8,867 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.3,23 Total fuiids 31.3.22 Total fuiids Uiirestricted Restricted fiiiids Itinds Fixed assets Ciirreiit cissets CLirreiit liabil ities 29,357 405,619 (27,935) 218,103 73,446 247,460 479.065 (27,935) 298,465 394,993 (8,867) 407,041 291,549 698,590 684,591 40 coiitiiiued...
)er Andersonstown Communit Forum Ltd Notes to the Financial Stalements - continued for the Year Ended 31 March 2023 14. MOVEMENT IN FUNDS Net movement in fuiids Transfers between funds At 3113123 At 114122 Unrestricted funds Genci'al fiiiid Desigyiiated Fuiid 307,160 40,000 59,881 (40,000) 40.000 327,041 80.000 347,160 59,881 407,041 Restricted funds Capital Grant Fiiiid Voliiiiteer Now Brigjlitstai't Belfast City Couiici I Capital Voluiiteer Now Utopia - Self fiiiided Ediicatioii Autliority - Belfast Reg7iOII -leiiry Sinitli Bigv Lottei'y New Youth Accoui)t Big) Lottery Awards for All Capital Bigy Lottery iiew Yoiitli Accouiit Capital Coiniiiuiiity FLiiid - Capital Hal it(Ix lor Nortliei'ii I I'elai)d - Capilal Riiral Cc)iiiiiiiiii ity Network - Capilal Tudor 'FI'iist - C<lPltal Covid Food Doiialioiis Belfasi City Coiinci I Covid Graiit Covid Pailiway Fuiid Departinciil lor Coiniiiiiiiities 242,491 75 10,197 1,200 400 1,337 (46,061) (75) (10,197) (400) (400) (1,337) 10,833 2,397 (19,691) (480} 196,430 800 10,833 29,000 3,886 2,709 26,603 23,577 3,189 4.800 4,788 209 (1,600) (1,596) (70) (396) (1,000) (1,793) (2.410) (1,281) 3,200 3,192 139 792 2,000 3,000 1,793 2,410 1,281 2,6S3 753 3,150 2,337 (2,653) (753) (3,1 $0) (2,3 3 7) 38.568 .duLalioi) Auihority - TBUC Coi)Iiiiiiiiity FLiiid Bike Shelters Fducation Authority - Capacily BHSCT Hoine Help 38,568 337,431 (45,882) 291,549 TOTAL FUNDS 684,591 13,999 698,590 41 coi)tiiiued...
er Andersonstown Communi Forum Ltd Note5 to the Financial Statemeiits - continued for the Year Ended 31 March 2023 14. MOVEMENT IN FUNDS - continued Net Inovemeiit in funds, iiicluded iii tlie above are as follows.. Incoiniiig resources Resources expeiided Moveinent iii tui)ds Unrestri¢ted funds General fuiid 263,957 (204,076) 59,881 Restricted funds Capital Grant Flind Cliildreii in Need Belfast City Couiici I re Reveiiiie Beltasi City Couiici I re Festival Voluiiteer Now West Be Ifast Partnersliip Boai'd Belfast Healtli aiid Social Care Triist BI'iLylitslart Elellast City Council Capital Voliiiiteer Now Utopia - Self fliiided Education Aulliority - Belfast Reg?ioii 14eiiry Siii itli Bigy Loltei'y New Youtli Accouiit B Lottci'y Awai'ds for All Capital Big) Lottery iiew Youtli Accoui)t Capital Coiniiiiinity FLiiid - Cic Pital Hal ifax tor Noi'tlierii Ii'elaiid Capital Riiral Coinimiinity Nelwork - Capital 'FLidor Ti'iist - Cai)ilal F,arly Years Patliway Fund - Covid Graiit Covid Food Donatioiis Belfast City Counci I Covid Gi'aiil Covid Pailiway Fuiid Departiiient for C05Miniinities Iiifra5trucliire Deparlimeiit For Coinmunities Educatioii Departineiit For Coininiiiiities Job St1( rt Educatioii ALlthority TBUC Coiniiiiiiiity Fuiid Bike Slielt¢i's Educalioii Aiitliority Capacity BHSCT Hoine Help Active Coinmiinity Network CIT Coiniiiiinity Safety Dcpartineiil lor Coiiiinuiiities Ruiiii iiig Costs (46,061) (21.788) (18,000) (85) (75) (1 ,760) (76,790) (25,930) (400) {400} (1,337} (56,618) (84,603) (5 0,644) (480) (46,061) 21,788 18,000 85 (75) 1,760 76,790 15,733 (10,197) (400) (400) (1,337) 10,833 2,397 (19,691) (480) 67,451 87,000 30,953 (1,600) (1,596) (70) (396) ( 1,000) (1.600) (1,596} {70) (396) ( I ,000) 10,167 {10,167) (1,793) (2,410) (1,793) (2,410) (1,281) 108,776 (111,429) {2,653) 59,347 (59,347) 4,577 (4,577) (753) (3,150) (2,337) (32,778) (51,487) (2,400) (753) (3,150) (2,337) 38,568 71,346 51,487 2,400 16,41 (16,411) 42 contilllied...
er Andersonstown Communit Forum Ltd Notes to the Financial Statements - Continued for the Year Ended 31 March 2023 14. MOVEMENT IN FUNDS - continued Departineiit for Cominuiiities Iiivestineiit Fund Pathways Fund Keep Northern I reland Bealltifiil Belfast Cily Council- Mediuin Clear Projcct Belfast C ity Couiic il Cosl of Liviiig Belfast C ity Couiicil - Sinal I 60,820 29,904 2,972 3,968 2,736 267,866 500 (60,820) {29,904) (2,972) (3,968) (2,736) (267,866) (500) 1,012,837 (1,058.719) (45,882) TOTAL FUNDS 1,276,794 (1 ,262,795) 13.999 43 contiiiued...
er An(lersonstown Communit Forum Ltd Notes to the Financial Stateinenls - continued for the Year En(led 31 March 2023 14. MOVEMENT IN FUNDS - continued Comparatives for movement in funds Net Inovement iii fuiids At 3113122 At 114121 Unrestricted funds General fuiid Desigiiated Fund 323,825 40,000 (16,665) 307,160 40,000 363,825 (16,665) 347,160 Restricted funds C(Ipilal Grant Fuiid Cliildreii iii Need Coiiiinuiiity Iiivestinent Fund VolLlllteer Now Brigvlitstart Bell{IsI City CoLiiiciI - Capital Voliinleer Now Utopia - Selt funded Fleiiry Sii)itli BigF Loltei'y New Yoiitli Accoiiiit Bigy l.oltei'y A wards for A I I Capital B igv l.,ottery iiew Youtli Accouiit Capilal Coininiinily FLiiid Capital Hal ifdx for Nortlierii Irelaiid - Capital Riiral Commuiiity Network - Capital Tiidor Triist - Capital Early Years Patliway Flind Covid Graiit Covid Food Donatioiis Belt"ast City Couiicil Covid Graiit Deparliiieiit for CoiMinLllI ities lerilagye Fuiid Covid Pailiway Fund Departi)ieiil lor Coiiiiiiuiiities IiitrastrLiclure Ediication Authoi'ity TBUC Coiniiiiiiiily Fuiid Bike Shelters Educalioii Auiliority Capacity 288,552 6,977 15,353 (46,061) (6,977) (15,353) 75 (566) (400) 242,491 75 10,197 1,200 400 1,337 26,603 23,577 3,189 10,763 1,600 400 1,337 26.603 44.249 1,919 (20,672) 1,270 6,400 6,384 279 1,584 4,000 (1,600) (1,596) (70) (396) { I ,000) 4,800 4,788 209 3,000 14,986 1,793 9,492 (14,986) 1,793 2,410 (7,082) 79 1 ,920 {79) (639) 1,281 2.653 753 3,150 2,337 2,653 753 3,150 2,337 444,670 (107,239) 337,431 TOTAL FUNDS 808,495 (123,904) 684,591 44 continued...
er Andersonslown Communit Forum Ltd Notes to the FiiianciAI StAtements continueil for the Year Ended 31 March 2023 14. MOVEMEINT IN FUNDS - continued Coinparative net Inoveinent iii fiiiids, iiicliided iii the above are as fo Ilows: Incomiiig resoLir¢es Resources e,Kpeiided Moveinent iii fLinds Unrestricted funds Geiieral fund 248,733 (265,398) (16,665) Restricted funds Capital Graiil Fuiid Cliildreii iii Need Coininunity Iiivestineiit Fiiiid Belfast City Couiicil re Reveiiiie Beltast City Counci I re Festival Voliiiiteer Now Briglitstai'l 13ellast City Coiiiici I Capital F,arly Years _ l)ailiway uiid Educatioii ALltliority - Beltast Regyion B ILY Lottery New Youtli AccoLllIt BIL Lottery Awards for All Capital B ig I,ottery iiew Youili Accoiiiit Cai?ital Cc)Ini)iuii ity Fuiid - Capital Hal it.ax foi. Nortliern Irelaiid - Capital Riiral Coininuii ity Network Capital Tiidor TrLlSt - Capital Larly Years Patliway Fuiid Covid (irant Belfast City CoLiiiciI Covid Grant Depai'tnieiit lor Coiiiiniiiiilies 14erila&7e Fuiid Covid Patliway Flind Dcpai'lineiii loi. Cominlllllties Ii)t'raslriiLtLlI'e Depdl'liiieiit for CoiiiinLllI ities EdiiLatioii Bellast City C()unci l - Coinmunity Recovery Departineiit For Comiiiuiiities - Job Start Educatioi) Autliority - Sumiiier Sclieine Ediicatioii Aiitliority - "fBUC Coimiiiunity Fuiid Bike Shelters Education Autlioi'ity - Capacity BHSCT Hoiiie Help Active Coiiiinuiiiiy Network (46,061) (38,280) (78,451) (18,000) (3,348) (2,360) (15,953) (400) (29,904) (67,001) (51,625) {480) (46.061) (6,977) (15,353) 31,303 63,098 18.000 3,348 2,435 15,387 75 (566} (400) 29,904 67.001 30.953 1,750 (20,672) 1,270 (1,600) (1,596) (70) (3 96) { 1,000) {] ,600) {1,596) (70) (396) { I ,000) 10,167 262,225 {25,153) (269.307) (14,986) (7,082) (79) (639) (79) (639) 119,693 (117,040) 2,653 62,444 (62,444) 4,995 (4,995) 4,619 15,000 1,500 3,150 2,337 28,654 1,213 (4,619) (15,000) (747} 753 3,150 2,337 (28,654) 779.176 (886,415) {107,239) 45 coiItIllLied.
er Andersonstown C0Munit Forum Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2023 14. MOVEMENT IN FUNDS - continued TOTAL FUNDS 1,027,909 (1 151,813) (123,904) 15. CONTINGENT LIABILITIES A contiiigent liabi lity exists to repay grants received should certain conditioiis not be fulti Iled by tlie cliarity. 16. RELATED PARTY DISCLOSURF.S Thei'e were no rel<lted party transactions for the year elided 31 Marcli 2022. 17. FRC ETHICAL STANDARD- PROVISIONS AVAILABLE FOR SMALL ENTITIES Iii coinmoii with Inaiiy otlier bLisiiiesses of our size aiid naliire we Lise OLir auditors to prepare aiid submit i'etLirns to Ilie tax authorities aiid assist wilh the preparatioii of tlie finaiicial stateinents. 18. POST BALANCE SHEET EVENTS Tliere were iio events after tlie reportiiig period tlierefore no Inalerial issues need disclosed. 19. DESIGNATED FUNDS Iii accordaiice with best practice the coiiipaiiy d irectors liave agreed a coinpreliensive reserves policy. As sucli, the desigyiiated fiind is tlie rcsLIII of tlie coiiipaiiy's str<ilegyic objectiv¢ lo establi51i I'csei'ves which can be used lo tuiid t'iilLlI'C expeiiditure on I'efurbislii)ieiit or rcplaceineiit of capital ileiiis. Siicli C<QPitaS ileins iiic Ilide tlie iiew lift, i()ilets aiid safety aiid disability dooi's.. Tlie aiin is also to provide sutficient funds lo cover any working capital requireiiieiits associated with receiviiig g?raiit t.und iiig7 jii arrears, any uiiforeseeii costs wliicli Inay arise, as wel l ic s allowiiig for tlie payineiil of aiiy l iabil itics wliicli wou Id arise sliou Id ilic coii)paiiy cease to operate. Altliougyli Upper Aiidcrsoiistowii Coiiiiiiuiiity forllln iiiay iiot be iii a positioii to Inaiiitaiii tliis levcl ot" resei'ves at a pai'tiCLilai' poiiil iii tiine, it will strive to acliieve a reserve wliicli eqiiales to tliis level. Desigiiated fuiids are transferred I'roin U iirestricted tLiiids aiid are iiiade up as follows Fund Transfer 3110312023 3110312022 Coiiliiigyciicy Bil ilding Reserves 40,000 40,000 80,000 Total 40,000 40,000 80,000 46 coiitiiiued...
er Andersonstown Communi Forum Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2023 20. WINDING UP Every Inember of the Coinpaiiy undertakes to coiitribLlte to tlie assets of tlie Coii)paiiy, in tlie event of tlie saine being wouiid LIP while it is a meinber, or within one year after it ceases to be a Imember, for payineiit ot the debts aiid liabil ities of tlie Company coiiti'acted befoi'e it ceases to be a Ineinber, and of Ilie Losls, cliargFes aiid expeiises of windiiigy lip, aiid for tlIL adjuslineiit of tlie riglits of tlie coiitributor's aiiioiig theiiiselves, SLich ainount a5 may be requ ired not exceed iiig oiie pound. 21. SHARE CAPITAL Tlie Coinpany is l imited by gYLiarantee aiid has no Share Capital 22. COVID-19 Tlie trustees contiiiue to Inonitor the iinpacl of, Covid 19. Tlie triistees believe tliere is iio adjusting eveiits to report after tlie reportingy dale. The trustees wil I coiitiiiue to Inoiiitor the situatioii closely to seciire the viabil ity of tlie oruyanisatioii. 47