SMART (NI)
STATEMENT OF FINANCIAL ACTIVITIES
for th8 financial year ended 30 November 2024
Unrestricted
Funds
2024
Total UnrestllGted
Funds
Funds
2024
2023
Totsl
Funds
2023
Notes
Income
Donations and legacies
Charitable activities
Christmas Raffle Ticket Sales
2,889
2.889
1.355
1,355
1,579
1,579
Total Incomg
4.244
4,244
1,579
1,579
Expgndltur•
Charitable activities
4.268
4,268
2,625
2,625
Not In¢omellexpandlturo1
1241
124)
(1,0461
11,0461
Transfers between funds
Net movoment In funds for the flnanclal year
{24}
{241
11,0461
{1,0461
Reconclllatlon of fund3:
Total funds beginning of the year
8,778
8,778
Total fund¥ at thé end of the year
8,754
8.754
11,0461
11,(1461
The Statement of Financial Acllvllies Includes all 98ins •nd108888 recognised in the financial year.
All Sn¢ome and expendlture relate to continuing a¢tlvhl88.
The notes on pages 910 12 forrn part of the financial statgments

SMART (NI)
BALANCE SHEET
as at 30 November 2024
2024
2023
Notes
Current Assets
Cash at bank and in hand
8,754
8,778
Net Current Ass•ts
8,754
8,778
Total Assots108s CU￿nt Llabilities
8,754
8,778
Funds
General fund lunrestricted}
8,754
8,778
Total fund8
8,754
8,778
The financial stat8ments have been prepared in accordance with the provisions applicable to companies subject to
the small companies, regime and in accordancè with FRS 102 "The Financial Reporting Standard applicable in the UK
and Republic of Ireland" applying Section 1A of that Standard.
Approved by the Board of Tru8tOO8 and authorl8ed for188ue on 7 November 2025 and 8lgned on Its behalf by
Pattle McElroy
Trustee
Ichello MGClean
Trustea
Tho notes on pages 9 10 12 form part of ihe finanrAal ststemenls

SMART (NI)
NOTES TO THE FINANCIAL STATEMENTS
lor the financial year ended 30 November 2024
GENERAL INFORMATION
SMART INI) is a charlty Incorporated In Northern Ireland. The registered Offi￿ of the charlty 18 93A
Drumgootand Road, Ballyward, Casllewellan. Co. Down. BT31 9QX which is also the principal place of
business of the charity. The financial slalements have been presanted in Pound {£) which is also the
funclional currency of the charity.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following accounting policies have been applied consistently In dealing with items whlch are cOnside￿d
material in relation lo the charity's financial statements.
Basls of preparatlon
The financial stal8ments hava been prepared on tha golng concern basis under the historical cost ¢onv8ntion.
modified to include certain items ai fair value. The financial slatémenls have been prepared in accordance
wblh the Statement of Recommended Practice ISORPI "Accountlng and Reporting by Charities preparing their
accounts in accordance wllh the Financial Reporting Standard applicable in the UK and Republic of Ireland
FRS 102" applying Section 1A of that Standard.
As permittsd by the Companle8 Act 2006, th8 charfty has varled the Standard formats in that act for Ihg
Statement of Financial Aclivi118s and the Balance Sheet. Departures from the slondard formats are lo comply
with the requirements of the Charities SORP and are in compliance with seGlion 4.7, 10.6 and 15.2 of that
SORP.
Statement of compllan¢o
The financial ststements of the ch8rlty for the flnanc181 year ended 31 D8cember 2017 have been prep8r6d on
the going concem basi8 and in accordanc8 Wlth the Statement of Recommended Practice ISORPI
"Accounting and Reporting by Charities preparing their aGcounts In accordance with the Flnancial Roportlng
Stsndard appliGable in the UK and Republic of Ireland FRS 102 applying S¢¢tlon 1A of that Standard.
Fund accountlng
The followlng are the cal8gorl88 of funds maSntalned:
Restrlcted fund$
Reslrlcled funds reP￿Sent Income recglved whl¢h can only be u8ed for particular purposes. as spe¢lfled by
the donors. Such purpos8s are wlthln tho overall objectives of the charlty.
Unr•strlctsd fund¥
Unrestricted funds consist of General and Designated funds.
General funds represent amounts which are expendable al the discrellon of the board, in furtherance of the
objectives of the charity.
Designated funds comprise unrestricted funds that the board has, at its di8cretlon, sel aside for particular
Purposes. These designallons havo an 8dmlDlslrativo purpose only, and do not legally reslrtGt the board's
discrelion lo apply the fund.
Income
Income Is recognlsed by inclusion the Statement of Financiol A¢tivilie8 only when the charity 15 legally
enlllled to the Income, performance condltlons attached lo the iternls} of inGome have been mel, the amounts
involved can be measured with surficienl reliability 8nd it is probable that the income will be received by the
charity.
Income from charltable actlvltleg
Income from charitabl& activities include income e8med from the suppty of services under contractual
arrangements and from performance related grants whith have condltions that specrfy the provlslon of
particular services to b8 provided by the charity. Income from government and other co-funders is recognised
when the charity is legally entitled lo the income because it 15 fulfilling the ￿nditionS contained in the related
funding agreements. Where a grant is received in advance, Ils recognition is deferred and included in
creditors. Where entitlement occurs before income Is recelved. il is accrued ir¢ debtors.
Grants from governments and other co-funders typically inGlude one of the following types of conditions..
Performance based conditions." v¥hereby the charity is contractually entitled lo funding only to the extent that
the core objectives of the grant agreement are achieved. Where the charity is meeting the core objectives of
granl agreement. il recDgni5e5 the related expenditure. lo the exlenl that il is reimbursable by the donor, as

continued
SMART (NI)
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 3D November 2024
income.
-Time based conditions.. whereby the charity is conlraclually entitled to funding on the condition that it IS
ulilised a particular period. In th8se cases the charity reGognises th8 Income to the extsnt it is utllised within
the period specified in the agreement.
In the absence of such conditions, assuming that receipt is probable and the amount can be reliably
measured, grant income is recognised once the Gharity is notlfied of entitlement.
Grants received towards capital axp8nditur8 are credited to the Ststement of Financial Activities when
received or receivable. whichever Is 88rller.
Expondlturo
Expenditure 15 analysed between costs of charitable activities and raising fund5. The costs of each activity are
separately accumulal8d and disclosed, and analysed according lo their m8jor Gomponenls. Expenditure 18
recognis8d when a logal or constructiv8 obllgatlon exists as a result of a pa316v8nl, 8 transfer of 6conomlc
bengfits is required in 3ettlemenl and the amount of the obligation can be reliabty measurod. Support Costs
are those functions that assist Ihg work of the charity bul cannot be attribulgd to one aclivily. Such costs ar8
allocated to acllvllies In proportlon lo staff tlme spent or other sultabl8 measure for each actlvlty-
Cash at bank and In hand
Cash al bank and in hand comprises cash on deposit at bank8 requiring less than three months notice of
withdrawal.
Taxatlon and deferred taxatlon
No Gurrent or deferred laxalion aris8s as Ihe ¢hadty has been granted Gharblable exemptlon, IrreGoverable
valued added tax is expensed as incurred.
Deferred tax Is recognlsed In r8sp8Ct of all Ilmlng dlfferences that have orlglnaled but not reversed at the
balance 8heet date where Irans8clions or evants have occurred at that dale that will re5uII in an obligation lo
pay mre tax in the future, or a right lo pay18ss tax in thg future. Timlng differences are temporary differences
bo￿8￿n tho Qharity's tsxablg pr¢fils and 11$ r8sulls as staled in the financial stst6ment8.
Deferred tax ig measured on an undiscounted basis at the tsx rates that aro afiti¢ipal8d to apply in the periods
In which the timing differences are expected lo roverso, based on lax rates and laws that have been enacted
or 5ubslanlively enacted by th8 balance sheet dale.
INCOME
DONATIONS AND LEGACIES
UnrgStrl¢tod Restrlctod
Funds
Funds
2024
2023
The National Lottery Grant
2,889
2,889
CHARITABLE ACTIVITIES
Unro$trlcted RestrlGt8d
Funds
Funds
2024
2023
Christmas Raffle Tl¢kel Sales
1.355
1,355
1,579
EXPENDITURE
CHARITABLE ACTIVITIES
Dlrect
Costs
othgr
Costs
Support
Costs
2024
2023
Fundraising & Events Expenditure
Rent. Rates & Insurance
Bank Charges
General Expenses
Counselling & Training Costs
4.125
4,125
100
43
1,000
375
40
18
1,192
100
43
4.125
loo
4,268
2,625
10

continued
SMART {NI)
NOTES TO THE FINANCIAL STATEMENTS
lor the financial year ended 30 November 2024
SUPPORT COSTS
Charitable
Activities
2024
2023
General Expense5
Land Charge
Insurance
18
100
275
100
100
100
100
393
ANALYSIS OF SUPPORT COST8
2024
2023
General Exp8nses
Land Charge
Insurance
18
100
275
100
100
393
NEf INCOME
2024
2023
Nel Incomo 1$ stated after charglngllcredltlngl:
Grants receivable received
(2,8891
INVESTMENT AND OTHER INCOME
2024
2a23
Revenue grants re¢elved
2,889
RESERVES
2024
2023
At the beginning of th6 year
Deficit for the financlal year
Other movements
8.778
(241
{1,0461
9,824
At the end of the year
8,754
8,778
FUNDS
RECONCILIATION OF MOVEMENT IN FUNDS
Unrestrictsd
Funds
Total
Funds
Al 1 December 2022
Movement during the financial year
8.778
8,778
AI 30 November 2023
Movement during the financial year
8,778
1241
8,778
1241
AI 30 November 2024
8,754
8.754
11

conts'nued
SMART (NI)
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 November 2024
ANALYSIS OF MOVEMENTS ON FUNDS
BalanGe
1 December
2023
Income Expendltuio
Transfers
BalanGe
betwegn 30 November
funds
2024
Unrestrictsd funds
Unrestrfcled General
8,778
4.244
4,268
8.754
Total funds
8,778
4,244
4.268
8,754
ANALYSIS OF NET ASSETS BY FUND
Curront
assets
Total
Unreslricled general fijnds
8,754
8,754
8,754
9,754
10.
POST-BALANCE SHEET EVENTS
There have bgen no significant events affecting Ihe Charity sinGe the financS81 year-end.
12