SMART (NI)
STATEMENT OF FINANCIAL ACTIVITIES
for the finanuaS year ended 30 November 2023
Unrnstrictod
Funds
2023
Totsl
Funds
2023
Not¢$
Income
Charitable aclfvtties
- Grants from governments and other co-funders
1.579
1,579
Exp•ndltuY•
Charitable actlvSI8s
2,625
2,625
Not InGomo11oxp•ndltur•)
11.046)
11,046)
Transfers beiween funds
Not movoment In funds for tho flnanGSal y•ar
(1,0461
(1.0461
Totsl fund• at tho •nd of the yur
(1.0461
(1,0461
The Sta18ment of Flnanclal Acllvllles In¢lud&s all galns and Ios868 r8cognls8d In Ihe flnandal year.
l incom8 and 8xp8ndituro relale to continuing adlvltSfj$.
The r￿leS on pages 9 to 12 forrn part of the financial statements

SMART (NI)
BALANCE SHEET
as at 30 Novèmber 2023
2023
Notes
Current Assots
Cash at bank and in hand
8,TT8
N•t Curr•nt Assats1(Llabllltles)
Total Atss•ts lou Current Llabllltlos
8,778
Funds
General fund {unTestrlGt¢d)
8.778
Total funds
8.778
The finan¢lal statem6nls hav6 b8en prepared In accordanco With th8 provlsions applicable to companies subjeGt to
the Small companigs, rogim& and In accordance with FRS 102 ￿he Financial Reporting StsndaTd applicable in the UK
and Republic of Ireland" applying S¢¢lion 1A of that standard.
Approved by the Board of Trusts•s and authorl••d for l•su8 on 21 Octob•r 2024 and slgn•d on Its bfrhalf by
Pattlo McElroy
usteo
ul Leneghan
Trustee
The rK)t&s on pagès 9 10 12 fomi part ol the finanoal 3tst9fT*nts

SMART (NI)
NOTES TO THE FINANCIAL STATEMENTS
for the financial year and8d 30 November 2023
GENEIiAL INFORMATION
SMART INI) Is a charlty Incory)oraled In Northem Ireland. The registered office of the charlty Is 93A
Drumgooland Road. 8allyw8rd, Ca$llewellan. Co. Down. BT31 9QX whith is a150 the principal place of
buslness of the charity. The financial ststements have been presented In Pound l£} whlch Is also the
functional currency of the charity-
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following accounting policies have been applied consistgntjy In deallng wlth Items which are consldgred
mat8rial in relation to the charity's financial statements.
Basls of pr•paratlon
The financial statements have been prepared on the golng concern b8s15 under the hlslodcal c08t conv9ntion,
modified to include certain items at fair value. Thg financial statements have been prepared in accordance
with the Statemont of Recommended Praclico {SORPI 'kcounting and Reportlng by Charities preparing Ih&lr
ac¢ount5 in accordanc8 with the Financlal Reporting Stsndard applicable in the UK and Republic of Ireland
FRS 102. applylng Section 1A of that Standard.
As pemiltted by tha Companias Act 2006, the charfty has varfed the standard formats In that act for tho
ststemenl of Financial Activities and the Balance Sheet. Dopartures from the standard formo1$ ara to comply
with the requirements of the Charitie5 SORP and are in ￿mplianCe with section 4.7, 10.6 and 15.2 of that
SORP.
stat•mont of ¢ompllan
Tha financlal stalamenl$ of the charity for the flnanclal yaar ended 31 December 2017 have bean prepared on
the golng concern bas¢$ and In a¢¢ordan¢e with the Slat8m8nt of ReGomm&nd6d Practlce ISORPI
'Accounling and Rgportlng by Charities preparing thgir occounls in accordance with the Financial Raportlng
Standard appllcable In the UK and Republlc of Ireland FRS 102., applylng Sactlon 1A of that Standard.
Fund aGGountlng
Tha foltowlng arè the categod88 of fvnds malntslned:
R•strlct•d funds
Reslriclgd funds ropresent InGomo re¢olvad whl¢h Can only be u88d for particular wrpose$, as spacifi8d by
the donor8. Such purposes are wlthln the overall oblectlves of the Gharfty.
Unr•¥trlct•d funds
Unr6$Mdod funds ￿nsISt of G¢noral ond Designat6d fijnds.
General fund$ r¢pre$ent amounts whlch are expendable at the dl8crelion of thé board. In furtherance of Ihe
oblectlves ol the Cha￿ty.
Daslgnated funds comprlsa unrestri¢tsd funds that the board ha8, at its di$¢retlon, 881 aslde for particular
purp039$. These designallon8 hava an admlnlstralve purp08e only, and do not legally restrlct the board'$
discretion to apply the fund.
Incom•
Income Is recogn18ed by Induslon In the Stst8m8nt of Flnanclal AGtlvllles only when the charfty is legally
entlued to the Income, perfom)ance conditions attached to the ilemlsl of In¢om8 have been met, Ihe amounts
involved can be measured with 8uffiGienl reliability and il 1$ probable that the ino)me will be received by the
charity.
InGomo from ¢h4rltabl• acllvltl•s
In(y)me from ¢harilable a¢tivilies include Income earned from the $uppty of services undgr ¢onlractual
arrangements and from performance related grants which have condlllons that speclfy the provision ot
partlcular servlces to be provided by the charty. Income from govemmenl and other co-funders is reGognis¢d
when the charity18 legally entllled lo the Income because il is futhlllng th8 condltSons contained in the relaled
funding agr8ements. Where a grant is re￿iVed in advance. Its recognition is deferred and included in
Greditors. Where enlitiement oGGurs before income Is received, it is accrued in debtors.
Grants from governments and other co-funders typlGally Include one of the folknving types of condltlons:
Perfomance based conditions- whereby the Charity is contractually entitled to funding only to the extent that
the core objectives of the grdnl agreement are achieved. Where the charity is meeting the core objectives of a
grant agrgemenl, il recognises the related exponditure, to the extent that it is reimbursable by the donor, as

ntinued
SMART (NI)
NOTES TO THE FINANCIAL STATEMENTS
for the financial year erH18d 30 November 2023
income.
-Time based conditions= wh8reby the charity Is contractually entitled to funding on the condition that it is
utilised in a particular perlod. In these cases the charity recognlse5 the Income to the extent it is utilised within
the period specified in the agre8ment.
In the absence of such condltlofts, assumlng that recelpl is probabl8 and the amount can b8 reliably
measured, grant income is recognised once the chafity is notified of enlillement.
Grants recelved towards capltsl expendlture are credi18d lo the Statement of Flnanclal Actlvlti&s when
received or receivable, whlchever Is earll8r.
Expondltur•
Expendllure 5$ analysed befv4een ¢osts of oh8ritable activities and raising funds. Tha costs of each activity are
separately a¢cumulalgd and di$¢losed. and analys8d according to their major ¢omponents. Expenditure is
recognised when a legal or constructive obligation exists as a result of 8 past event, a transfer of econom1¢
beneflls is required In settlement and the amount of the obligatlon can bg relSably measured. Support costs
are those funth'ons that assist the work of the charty bul Gannot be attrfbuted to one activity. Such costs are
allocated to activities in proportion 10 staff tim8 5ponl or olh$r suitable measure for each aGtivlty.
Cash at bank and In hand
Cash al bank and In hand comprfses ¢a$h on deposlt al banks r8quiring le8$ than three months notlC8 of
wlthdrowal.
Taxatlon and d•f•rr•d taxatlon
No current or deferred taxallon arlses as the ¢h8rlty has been granted Charftable exempuon. lffe¢overabl8
valued added tax Is exp8nsad as incurred.
Deferred tax 18 recognised In respect of all tlmlng dSfferen¢es that have originatèd but not reversgd at the
balance sheet dale where transactions or events have occurred at that data that wlll result in an obligation lo
pay more tax in the future, or a rfght lo pay less tax in the fvture. Timing dIffer￿CeS are temporary dlfferen¢es
b6tsvo¢n tho chaflty's taxablo profits and 11$ re$ults a$ staled In the financSal statements.
Deferred tax 18 measured on an undi8counled basi8 al the tax rale8 that ara antldpatad lo apply In tho periods
in which the tSmlng dlfferences are expected to T8verse, based on tsx ral$s and law8 that have b60n 6na¢ted
or substanlively enacted by Ihe balance sheet dale.
INCOME
CHARITABLE ACTIVITIES
Unrostrlctod R•itrlcted
Fund¥
Funds
2023
Gr¥nts from gov•mm•nts •nd othor co-fund•rn:
In¢ome from ¢hadtsbl6 •ctlvltles
1,579
1,579
EXPENDITURE
CHARITABLE ACTIVITIE8
Dlrect
Costs
Oth•r
Colts
Support
Costs
2023
Rent, Rates & Insurance
Bank Charges
General Expenses
Fundraising, Counselling & Tralnlng Costs
375
375
40
18
2,192
2.192
2.192
40
393
2,625
10

continued
SMART (NI)
NOTES TO THE FINANCIAL STATEMENTS
for the financlal year ended 30 November 2023
SUPPORT COSTS
Charftable
A¢tivities
2023
General Expenses
Land Charge
Insuranc6
18
100
275
18
100
275
393
393
ANALYSIS OF SUPPORT COSTS
2023
Ggnor81 Expgnsgs
Land Ch8rg8
Insurance
18
100
275
393
RESERVES
2023
Deflclt for tha Ilnanclal yaar
Olhar movement8
11,046)
9.824
Al the end ofthe year
8,778
FUNDS
RECONCILIATION OF MOVEMENT IN FUNDS
Unr•strfct•d
Funds
Total
Funds
Al 1 December 2021
AI 30 November 2022
Movgment during the financlal yaar
8,778
8,778
AI 30 November 2023
8,778
8,778
ANALYSIS OF MOVEMENTS ON FUNDS
In¢omo Exwndlture
Transf•rs
other
Balan¢0
bgtwgen movamonts 30 Novembèr
funds
2023
Unrestricted funds
Unrestricted General
1.579
2.625
9,824
8.778
Total funds
1.579
2,625
9,824
8.778
11

¢C￿linUed
SMART (NI)
NOTES TO THE FINANCIAL STATEMENTS
for the financlal year ended 30 Novembèr 2023
ANALYSIS OF NET ASSETS BY FUND
Current
assols
Total
Unrestriclad general funds
8,778
8,778
8,778
8,778
POST-BALANCE SHEET EVENTS
There hav8 been no slgnM¢ant events affecllng the Charfty sln¢è the finandal year4nd.
12