All About Us - ASD Teens Statement of Financial Activltlos Year ended 31 August 2024 2024 Restricted funds Total funds Total funds 2023 Unrestricted funds Note Income and endowments Donations and legacies Charitable activities 9,420 31,205 9,420 186,012 13,495 182,903 154,807 Total Income 40,625 154,807 195,432 196,398 Expendlture Expenditure on charitable activitie8 Total expendlture 20,552 20,552 201,077 221,628 221,628 166,216 166,216 201,077 Net (oxpendlture)Ilncoma and not movement in funds 20,073 (46,270) (26,1961 30,182 Reconciliation of funds Total funds brought forward Total funds carried forward 18,540 38,813 35,930 54,470 24,287 (10,340) 28,273 54,469 The statement of financial activifies includ8s all gains and losses reGognised in the year. All income and expenditure are derived from conllnuing activities. The notes on pages 8 to 14 form part of Iho80 flnanclal siatom8nls.
All About Us - ASD Teens Statement of Fihancfal Position 31 August 2024 2024 2023 Note Current assets Gash at bank and in hand 32,070 55,196 Creditors: amounts falling due wfjthln one year Net currer)t assets 12 3, 797 28,273 727 54,469 Total assets less current Ilabllltles 28,273 54,469 Funds of the charity Rostricted funds Unresti-icled funds 9,206 19,067 28,273 35,929 18,540 Totsl fyharity funds 13 54,469 'al statements were approved by the board of trustees and authorised for issue rjn ' and are signed on behalf of the board by: P Ruddy Trustee T Tr)dd Trustee The notes on pages 8 to 14 form part of financi81 ststements.
All About Us - ASD Teens Notes to the Financlal Statements Year ended 31 August 2024 Goneral infonnatlon The charlty is a public benefit entity and a registered charity in Northern Ireland and is unlncorporated. The address of thg principal office is Unit 4 Greystone Shopping Centre, Antrim, BT411JW, Statement of compllance These financlal stat8menls have been prepared in compllance with FRS 102, 'The Financial Reporting Standard applicab18 In th8 UK and the Republlc of Ireland,, the Statem8nt of Recommended Practice applicable to charities preparing thelr accounts in accordance with the Financial Reportlng Standard 8pplicable in the UK and Republlc of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act (Northern Ireland) 2008. Accounting policies Basis of preparation The flnancial statements hav8 been prepar8d on the historical cost basis, as modffied by th6 revaluation of certain finanGial assets and liabillties and investment properties measured at fair value through incom8 or expgnditure. The financial stalements are prepared in sterling, which is the functlonal currency of the entity. Golng concern There are no material uncertainties about the charlty's ablllty to continue. Fund aGGounting Unrestricted funds are available for use at the discrgtion of the trustees to further any of th8 charity's purposos. Designated funds are unrestrfcted funds earmarked by the trustees for part5cul8r future project or commitment. Restrlcted funds are subjected to restrictions on their expenditure declared by the donor or through Ihe terms of an appeal and fall inlo one Df two sub-classes.. restricted income funds or endowmenl funds.
All About Us - ASD Teens Notes to the Financial Statements fGontinued) Year ended 31 August 2024 Accountlng policies (Gontlnuadj Incomlng resources All incoming resources are Included In the statement of financial actlvities when entitlement has passed to the charity, it is probable that the economic benefits associated wilh the transaction will *low to the charity and the amount can be rollably measured. The following speorfic policies 8re applied to particular cat8gorl8s of income., income from donations or grants is recognised when there is evidence of entltlement to the gfft, receipt is probable and its amount can be messured reliably. legacy Incom8 is recognised when receipt 18 probable and entlllement Is establlshed, income from donated goods is measured at thè fair valu8 of the goods un16SS thls is impractlcal to measure reliably, in which case th8 value is derived from the Cost to the donor or the estimated resale value. Donated facilitigs and servSces are reGognised in the accounts when received if the value can b8 reliably measured, No amounts ar6 Included for th6 contrlbution of general volunteers. InGome from contracts for the supply of services is recognised with the delivery of the contraGted service. This 18 classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and r@turn8d rf unspent, in which case It may bg 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 th8 statement of financial actlvities to which it relates., expenditure on raising funds inGludes the costs of all fundraising activiti8s, events, non- charitable trading aGtivities, and t.he sale of donated goods. expenditure on charitable activlties includes all costs Incurred by a charlty In undertaking activities that furth6r its charitable aims for the benefit of Its beneflclarles, Including those support costs and cosls relating to the governance of the charlty apportioned to charitable activities, ofher expendlture includes all expenditure that is neither related to raising funds for Ihe charity nor part of ils expendlture on charitable aclivities. All cost5 are allocated to expenditure categories reflecting the use of the resource, Direct costs aftributable to a single actlvity are allocated directly to that activily, Shared costs are apportioned between the activltles they contribute to on a reasonable, justifiable and consistent basis. Flnanclal Instruments A financial asset or a financial liability is r&cognls&d only when the charity becomes a party to the contractual provisions of the inslrum8nt. Basic financial instruments are Inltlally recognised at the amount receivable or payable including any related transaclion costs,
All About Us - ASD Teens Notes to the Financlal Statements (Gontinued) Year ended 31 August 2024 Accountlng policies (contlnuèd) Flnanclal Instruments (contlnued) Current assets and current Ilabilitles are subsequgntly measured at th8 cash or other consideration expected to be paid or r&c&lv8d and not (Jiscounted. Debt Instruments are subsequently measured at amortised cosÉ. Where Investments in shares are publicly traded or their fair value can otherwise be measured rellably, the Investmenl is subsequently measured at falr value with changes in fair value recognlsed In income and expenditure, All other such Investments are subsequently measured at cost less Impalrment. Oth@r financial instruments, Includlng derlvatlves, are initially recognised at fair value, unless payment for an as8el 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 Df Interest for a Similar debt instrument, Olher financi81 instrum8nts are Subsequently measured at fair value, wlth any changes recognised in fhe ststement of financial activities, with the except1on of hedging instruments In a designated hedging relationshlp. Financial ass8ts that are measured at cost or amortised cost are r8viewed for objective evidence of impairment at the end of each reporting date. If th8re is obj8CtIV8 8vidence of impairment, an Impairment loss is reGognised under the appropriate h8ading in lh8 Statem8nt of financial activÉties in which the initial gain was reGognised. For all equity Snslruments regardless of significanGe, and other finanGial assets that are individually significant, these are assessed Individually for impairment. Oth8r financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognlsed immed5ately, to Ihe extent that the reversal does not result in a carrying amount of the financlal asset that exceeds what the carrying amount would have been had the impairment not previously been recognlsed. Donatlons and18gacies Unr@stricÉed Total Funds Unrestrlcted Total Funds Funds 2024 Funds 2023 Donations Donations 9,420 9,420 13,495 13,495 10
All About Us - ASD Teens Notes to the Financial Statements (ct)ntlnuod) Year ended 31 August 2024 Charitable activities Unrestricted Funds Restricted Total Funds Funds 2024 Fundraising Antrim and Newtownabbey BC St Anne's Cath8dral Community Foundalion Empowering Young People Halifax Foundatlon Children in Need Other Grants 31.205 31,205 1,500 1,500 92,720 92,720 27,130 33,457 154,807 27,130 33,457 31,205 186,012 Unreslricted Funds R8sÉricted Total Funds Funds 2023 Fundraising Antrim and Newtownabbey BC St Anne's Cathedral Communlty Foundatlon Empowering Young People Halifax Foundatlon Chlldren In Need Other Grants 15,755 100 15,755 100 1,000 990 99.489 3,500 1e.670 45,399 1,000 990 99,489 3.500 16,670 45,399 15,855 167,048 182,903 Othergrants includes restricted grants from Education Authority £4,472 {2023:£6,000), Albert Hunt Trust £NIL (2023: £4.000), Asda £800 (2023..£1,000), Awards for All £10,00012023',£9,500), Clear Project NIL {2023'.£3,830), Other Trusts NIL {2023..£3,888), NIHE £7,050 (2023:£4,000), Triangl@ £NIL (2023,,£4,268),Cash 4 Kids £3.000 (2023.. £2,800), Warm and Welcome £1,000, LFf £3,887, Communlly Relations £2,480, Northern Trusl Health & Wellbeing £338 and ANBC NIL (2023'.£6,113}. 11
All About Us . ASD Teens Notes to the Financial Statements (conUnu8dJ Year ended 31 August 2024 Expondltur& on charitabSe actlvltles by fund type Unrestricted Restricted Total Funds Funds Funds 2024 Equlpment and Activily Items Hospitality and Tuckshop Trlps Support cosls 7,001 2,502 643 10,406 8,562 35,585 11,470 145,460 15,563 38,087 12,110 155,868 20,552 201,077 221,628 Unrestrlcted Funds Restricted Total Funds Funds 2023 Equipment and Actlvlty Items Hospltality and Tuckshop Trlps Support costs 4,347 4,194 43,514 19,227 3,735 86,772 153,248 47,860 23,421 3,735 91,200 166,216 4,427 12,968 Expenditure on charitable aGtivlties by aGtivity typ8 Activities undertak8n directly Support Total funds costs 2024 Total fund 2023 Equipment and Aclivity Items Hospltality and Tuckshop Trlps 15,563 38,087 12,110 65,760 15,563 193,955 12,110 221,628 47,880 114,621 3,735 166,216 155.868 155,868 Analysis of 8UPPOrt CO8ts Analysis Df support costs actlvity Total 2024 Total 2023 Staff costs Premises Volunteer costs Prlnting and 8tatlonery Courses and workshops Rent and rates Website and internet costs Insurance Professional fees Accountancy fees Other costs 97,360 760 16,680 111 19,866 5,237 97,360 760 18,680 111 19,866 5,237 56,642 2,510 3,870 3,584 6,503 4,060 4,591 935 1,919 2,700 3,886 1,344 7,271 3,186 4,053 1,344 7,271 3,186 4,053 155,868 155,868 91,200 12
All About Us . ASD Teens Notes to the Flnanclal Statements (oontinued) Year ended 31 August 2024 Analysls of support costs (contlnuedj Within 'Other Support Costs, are Gleanlng expenses £2,173 {2023:£2,290), telephone £1,880 {2023'.£457) and sundry expenses £NIL {2023',£1,139). Independent examlnatlon fees 2024 2023 Fees payable to the independent examiner for.. Ind8pend8nt examination of the financi818tatemenl8 1,440 1,440 10. Staff costs The total staff costs and employee benefits for the reporting period ar8 analysed as follows.. 2024 2023 Wages and salaries 97,360 56,642 The average head count of employees during the year was 12 {2023: 9). No employ88 receiv8d employee ben8fits of more than £60,000 during th8 year (2023: Nil). q1. Trustee remuneration and gxpgnse8 The followlng trustees receiv8d remuneration from employment with th8 charity... Conor O'Neill £1,272, J Todd £2,469 and P Ruddy £2,886. 12. Credltors: amounts falling due withln one year 2024 2023 Trade creditors 3,796 727 13. Analysis of charitable funds Unrestrlcted funds At1S8P 2023 At 31 Aug 2024 Income Expendilure Transfers Ggneral funds 18,540 40,625 (20,552) (19,546} 19.067 At 1 Sept 2022 At Transfers 31 Aug 2023 Incorre Expenditure General funds 3,412 29,350 (12,968) (1 ,254) 18,540 13
All About Us . ASD Teens Notes to the Financlal Statements fconttnuedj Year ended 31 August 2024 13. Analysls of charllable funds (contlnued) Restricted funds At 1 Sepl 2023 At Transfers 31 Aug 2024 Income Expenditure Restricted Fund 35,930 154,807 (201,077) 19,546 9,206 At 1 September 2022 At 31 August 20 23 Income Expenditure Transfers Restrlcted Fund 1 20,875 167,048 (153,248) 1,254 35,g29 At 31st August 2024, the r&stricted funds related to Belfast Cath6dral £180, Cash4kids £1,448, Children in Need £2,544. Education Authority £560, LFT Trust £4,474. 14. Analysls of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2024 Current assets Creditors less than 1 year Net assets 22,864 (3,797> 19,067 9,206 32,070 (3,797) 28,273 9,206 Unrestrlcted 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 14