All About Us - ASD Teens Statement of Financial Activities Year ended 31 August 2023 2023 Restricted funds Total funds 2022 Unrestricted funds Total funds Note Income and endowments Donations and legacies Charitable activities 13,495 15,855 13,495 182,903 4,586 106,409 167,048 Total income 29,350 167,048 196,398 110,995 Expenditure Expenditure on charitable activities Total expenditure 12,968 12,968 153,248 166,216 106,440 106,440 153,248 166,216 Net income and net movement in funds 16,382 13,800 30.182 4,555 Reconciliation of funds Total funds brought fOard Total funds carried forward 3,412 20,875 24,287 19,732 19,794 34,675 54,469 24,287 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 8 to 14 forni part of these financlal statements.
All About Us - ASD Teens ststement of Financial Position 31 August 2023 2023 2022 Note Current assets Cash at bank and in hand 55,196 26,013 Creditors: amounts falling due within one year Net current assets 12 727 1,725 24,288 54,469 Total assets less current liabilities 54,469 24,288 Funds of the charity Restricted funds Unrestricted funds 35,929 18,540 20,876 3.412 Total charity funds 13 54,469 24,288 These financial statements were approved by the board of trustees and authorised ft)r issue on S-.E.g., and are signed on behalf of the board by: A O'Neill Trustee N Neeson Trustee The notes on pages 8 to 14 form part of these financial statsments.
All About Us - ASD Teens Notes to the Financial Statements Year ended 31 August 2023 General information The charity is a public benefit entity and a registered charity in Northern Ireland and is unincorporated. The address of the principal office is Unit 4 Greystone Shopping Centre Antrim BT41 1JW. statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act (Northern Ireland) 2008. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of0 sub-classes-. restricted income funds or endowment funds.
All About Us - ASD Teens Notes to the Financial Statements (continued) Year ended 31 August 2023 Accounting policies (contlnued) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity,. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and servi$ are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of servi5 is recognised with the delivery of the contracted servi. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement offinancial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity- Shared costs are apportioned beeen the activities they contribute to on a reasonable, justifiable and consistent basis. Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a paty to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
All About Us - ASD Teens Notes to the Financial Statements (continued) Year ended 31 August 2023 Accounting policies fcontinued) Financial instruments (continuedj Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities. with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised underthe appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Donations and legacles Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Donations Donations 13,495 13,495 4,586 4,586 10
All About Us - ASD Teens Notes to the Financial Statements (contlnued) Year ended 31 August 2023 Charitable activities Unrestricted Funds Restricted Total Funds Funds 2023 Fundraising Antrim and Newtownabbey BC St Anne's Cathedral Community Foundation Empowering Young People Halifax Foundation Children in Need Other Grants (see below) 15,755 100 15,755 100 1,000 990 99,489 3,500 16,670 45,399 1,000 990 99,489 3,500 16,670 45,399 167,048 15,855 182,903 Unrestricted Funds Restricted Total Funds Funds 2022 Fundraising Antrim and Newtownabbey BC St Anne's Cathedral Community Foundation Empowering Young People Halifax Foundation Children in Need Other Grants 10,247 100 10,247 100 600 1,000 53,129 3,500 26,000 11,833 600 1,000 53,129 3,500 26,000 6,405 5,428 15,775 90,634 106,409 Other grants include restricted grants from Education Authority £6,000 {2022= £2,200), Albert Hunt Trust £4,000 (2022: £2,000), Asda £1,000, Awards for All £9,500, Clear Project £3,830, Other Trusts £3,888, NIHE £4,000, Triangle £4,268 and Cash for Kids £2,800 {2022: £2,205) and ANBC £6,113. 11
All About Us - ASD Teens Notes to the Financial Statements (continued) Year ended 31 August 2023 Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2023 Equipment and Activity Items Hospitality, food and Tuckshop Trips Support costs 4,347 4,194 43,514 19,227 3,735 86,772 47,860 23,421 3,735 91,200 4,427 12,968 153,248 166,216 Unrestricted Funds Restricted Total Funds Funds 2022 Equipment and Activity Items Hospitality, food and Tuckshop Trips Support costs 11,206 2,687 14,256 2,135 4,413 64,960 85,764 25,462 4,822 4,413 71,743 6,783 20,676 106,440 Expenditure on charitable activities by activity type Activities undertaken directly Support Total funds costs 2023 Total fund 2022 Equipment and Activity Items Hospitality, food and Tuckshop Trips 47,860 23,421 3,735 47,860 114,621 3,735 25,462 76,565 4,413 91,200 75,016 91,200 166,216 106,440 Analysis of support costs Analysis of support costs Total 2023 Total 2022 staff costs Premises costs Volunteer costs Printing and stationery Courses and workshops Rent and rates Website, advertising and internet costs Insurance Professional fees Accountancy fees other costs (see below) 56,642 2,510 3,870 3,584 6,503 4,060 4,591 935 1,919 2,700 3,886 56,642 2,510 3,870 3,584 6,503 4,060 4,591 935 1,919 2,700 3,886 91,200 5,000 40,352 2,775 2,297 10,514 1,250 3,738 637 370 600 4,210 91,200 71,743 12
All About Us - ASD Teens Notes to the Financial Statements (continued) Year ended 31 August 2023 Analysis of support costs (continued) Within 'Other Support Costs, are cleaning expenses £2,290 (2022.. £2,301), heat and light NIL (2022.. £1,786), telephone £457 and sundry expenses £1,139 (2022.. £123). Independent examination fees 2023 2022 Fees payable to the independent examiner for: Independent examination of the financial statements 1,440 1,440 10. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2023 2022 Wages and salaries 56,642 5,000 The average head count of employees during the year was 9 (2022: 1). No employee received employee benefits of more than £60,000 during the year (2022: Nil). 11. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. 12. Creditors: amounts falling due within one year 2023 2022 Trade creditors 727 1,725 13. Analysis of charitable funds Unrestricted funds At 1 Sept 2022 At Transfers 31 Aug 2023 Income Expenditure General funds 3,412 29,350 (12,968) (1,254) 18,540 At 1 Sept 2021 At Transfers 31 Aug 2022 Income Expenditure General funds 11,548 20,361 (20,676) (7,821) 3,412 13
All About Us - ASD Teens Notes to the Financial Statements (continued) Year ended 31 August 2023 13. Analysis of charitable funds fcontlnuedj Restricted funds At 1 Sept 2022 At Transfers 31 Aug 2023 Income Expenditure Restricted Fund 20,875 167,048 (153,248) 1.254 35,929 At 1 Sept 2021 At Transfers 31 Aug 2022 Income Expenditure Restricted Fund 8,184 90,634 {85,764) 7,822 20,876 At 31 st August 2023 the restricted funds related to Asda £18, Awards for All £1,290, Bailey Trust £234, Clear Project £336, Education Authority £3,330, Empowering Young People £24,022, Other Trusts £586 and ANBC £6,113. At the 31st August 2022 the restricted funds related to Empowering Young People £12,225, Children in Need £8,417 and Bailey Trust £234. 14. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2023 Current assets Creditors less than 1 year Net assets 19,267 (727) 18,540 35,929 55,196 (727) 54,469 35,929 Unrestricted Funds Restricted Total Funds Funds 2022 Current assets Creditors less than 1 year Net assets 3,412 22,602 (1,726) 20,876 26,014 (1,726) 3,412 24,288 14