Charfty reglstration number NIC107622 Company Trg161rntion numbor Nl662143 (Northorn Irelandl ANNUAL REpoirrAND UNAUDITED HNANCIALSTATEMENTS FOR ThEYEAR ENI)ED 31 IIAY 3
ARMSTRONG STORYfELUNG TRUST CONTENTS Paga Indopendwrt •x•nlne¢s rwt ststement rf financlal acti¥lU B•lanc• 8h•ot Nrrtos to lh• fjnknd81 stat*n• 10-15
ARMSTRONG STORYfELUNG TRUST LEGAL AND ADMINISTRATIVE INFORMATION Mr R Amistrrng Mr O McFadden (Appointsd 30 AUgt 2022) Charlty numb•r MC107622 Company nwnb•r Nie62143 R•glJt•r•d offlco 127 Bdlyemon Road r44 OQP Ind0pd0rt ex•mlnor Mom (N.I.} LLP 4th Floor Dmead Houie 7 Donegall Square Nthlh BTI 5G8 aank•rn stw Bonk Urnrted PO 8ox 232 11.16 Dmogal Squn E••t ur1 SUB
ARMSTRONG STORYfELUNG TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MAY2023 The trustees who are also direclors of the diarity for tr purposes of the comleS Act 20(. wuent thelr report with the financial StateMts of the charity for the yr ended 31 May 2023. The INste8s have adopted the provlslons ofAccourting and Reportlry by ChaAile5.' Stslement of Recormiended Practice apiCable to charities preparing tr1r accounts in acryxthce 4th the Flnancial Reptyong Slandord epph'cd>le bn tha UK and Republlc of Ireland. The finanaol slatemffjts havo been prepared In ac¢udanca wilh the accthng pdlcies set out In note 1 to the financial siatements and corrwfy ith the charitys MemorarKlum & Artsdes of AssoGiation. the Companies Aci 2006 8nd 'Accounling and Rewbng by Charities" Statement of Reccrnmended Practice appllcable to chaiitles preparing their accounts in accordm vith the Filw& Reporung Skndard aprAhcablo In th• UK RepJbll¢ of IrelarKI (FRS 102) (•Tectiv• 1 Janu 2019)". Obl•Gllv•s actlvltlas Armstrong Sto111n9 Tnjst was 8)8d ty. . Provhda encournge Ihe develclrnrt of athlles In IltrA0rf and ol1w8• vAthln comm11[01 . Pfovid• w¢bal, cAdlwal aThl oduc•lrnd benoffts lo th• community by gm•rnling wnployment oPpNn1ej ond me¥ ty In(l¥lthtds we th to dov th•ir . sre th• estabbthQnt ¢1 a flmi IOan kn *llThJ to CrU8 u an Import•rt and dEng art ftxm. Th• trusteeg have yld du• regvd to guid•nce Iad by tho Ch•rity CTh)vnis8i(m in d•cidlng ¥that •cOvlliu the Project Updats• The lable is an Ilustrallon d the aCtity urm1then In the pwiod Jun• 2022 to May 20rJ ctivltles oom Storytsffin Sessi(• Ilin Session in Venues ellin ellln torytellin to 13 Sesslons wilh L¢ lthir 74 camps Attendees Coufses Ddlvered rainin Course Attendees amspinners Attendance otal Attendees al AST Events 27 95 .681
ARMSTRONG STORYTELUNG TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) ICONTINUED) FOR THE YEAR ENDED 31 MA Y2023 Acttvlty hlghllghts Herltage Lottery Fund Re(lIm@t ts the Sttyelling F¥oied Officer post was urnlertak) in Je 2022 and Clare O'Neill w appoinled to the rdè with a start date o11P Aut 2. Slnca Ihen, she has worked dosely with the Storytsller In Residence, Liz lf. to ¢Yganlse the reojar yamsfvnners Sessions, the Glens Storytelling Feslval, updated Having revlvwed prforiiies fty 2022 - 2023 It was agreed to use ld3 introduced by R. Arn15trong lo develop 3 speailc areas of whlch would act as plbts ith a vlv to so•kwig •xtwnAI fi5ndng for thelr fiJbJrn development if they provod 5ucceMfuL - Ethnl¢ Vdc Under Ihls strand storfftier Janice Wthorspoon Is worklrfj wilh a grrw of Syrf•n Imxnen, glvlng Ihem Space to share thdr storfes a vith¥ to exwing hrMI best to $hwe these. Thls is an ongdng placa of worf( with a liwlher £1,000 secjjred from &ad( Santa (SL Anne's Cathedral). A session for Sudanese Refvgeès dellvered In July in pathqr5hlp wlth CoffsTheela, lth tha •yctation ltr•t fithherI w(xld bo cllnlod out trds LYOUP. - Ycung blo19 pthlnered wSlh Flghllng to dthlver 2 stolIng lap) as thetr u•at1 wrillng wryrammej almed at pr&teeM. are •xplorlTra hcw we C parlw knith a school as a pilot to develop this audience and have made contact vrilh Ihe searn H••My at QU8 to dlwAtJs hirw bolt to •ngage adults in stOWlllng. - Tralnlng & Oevd4)mthil We delivered 2 tralnlng 38s8ion8 vla zoom 3poufi¢ally Slwyi•kn ddvwad by Marfa (UK) and Donna Wtsthngton ILISA). Thesa wffew•W attorid• Gl•ns Storytelllnu F•Atlval O¢lober 2022 Imth fvnthng Support secuw•d from CausvAw Co•sl & Gl•n• Herllago Tnmt al Er&alon Found•lion, AST oiganised Ihe Glens Stle111n9 Festl¥81, hekl frcTh Tr$daY 20th October to SurKl8y 23rd O#gb•r. A Mge (rf 28 8vents was offwed. maiorfty in pw8on. wllh hfvid Swap, a total 01703 attd? FEST Cdln weFresented Asr at tho Federauon of St¢eIng Cthnra In Veuprwn, Hurvaary. Jun• 23. He lthltted a report d Ns experienc Four Natlon• Tha Stwtellw tn Residence to AST in a wle5 01 on•lrva me8thgs %%ith rnpre$tive5 of StOrrIng Organisati¢5 from Endand. Scolland and Vwes as well as a represenlative frr)m FEST. The most signfficani ouw is the acceptance of the proposal to host 21724 F&ST Conferen in Glasg¢x, d by Nage Storytguing Centre from ¢Jasg(w, whith ill indude Inwrt from AST. Arts COU11 ol North•m Ir•l•nd AST gecurnd nthng Irrxn ACNI 202>rJ. The fvqemorles are Mad• of thSs Prw lthlch was funded llh £2,941 under the Rwal Eryagem•rt in the Arts nd. saw us engage wilh 4 rural groups. providing eath ilh 4 reminiscence seson5. with local Primary school chlldren lotning the group for the final session. The80 sessions worn very popular vdth atl tre who attended. Thls proiect comed in MAY 20
ARMSTRONG STORYfELLING TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) IcoKllNUED) FOR THE YEAR ENDED 31 MAY 2023 The Immersive Starding Armmalion Ctllaboration prqec( ftmded £9.541 (50% paid so far) from the Dlglial Evolution lund started in JarMJwy 2023. This proiect is imovalive in that it all(yws storytsller Mcky Mc Farfand to collaborate wlth artist Corrlna Askin to devebp irnfflefsive storytelhng exwience for thlldren whkh 111 be projectsd and wfomied thIn a dome. UsirnJ tadUttOgY and 8xpeftis8 from Ulster University. this afftIndgo proied is lo be trialed lth sthocls kn Autsynn 2023 be complthj by the of Decwnber 2023. D•partm•ntforCommunllle¥• St19 In Casil•s In late November 2022. Oeptarthient for Cmunlties corthcted AST to ddlver a totsl of 5 StorlIng sesslons In Dunluce 4rKI Carrld(frys C•Jtla Th8M evffits were almed at Fami88 and took c• in Noler and December. Rural Communlty Natwork AST was asked to deliver a 4 Tek Introduclitin to storytn9 course fLY the Cornmur4ty Neiwoth In RSPB- Lough Em• Landlp• P•rtn•rnhlp The RSPB Asr lo dellver • retreshw in Febnwy 21J23 fry trained s•veral yews ago and to swjport an •vent h•W In Bdleek In Marth Yam•plnn•rn A speclal ses81(m was held as part c4 Eastslde Arts Faliival in Tullycamet Lltrary. Wdla attendce Is lowor Ihan prtrcovid lavall, It li COlSte lo bu4d audie numbars in 224. Bord¢rTalk proj¢ March 2023 sw4 Ihe Intemationd Fund fly IrolorKI lsw• the lothw of offer for th• BoTderTal( pr(Ji•rt a value of é89.600. This project is led by Storytellws of Ireland, wilh Arrnstrcmg Storyidllr¥J Twil a thct pwher. Wthln the budget f5.000 ha3 bem oUo¢aled to Asr to covor admlni¥lrallM costs. The projec( vthith is Cro bord•f in natwe. IMII sae the delr¥ery of 4 &week NOCN Level 2 storyteifing trainlng courses 12 partidponts por cour58 and 12 overts 40 peoFle pw enL bltyellers of Ireland have appa'nted a Fyojed ¢fyordlnator to orgw¢ise Ihe Fxoi• Tho dellvffy of tho training elemffit be by Lil Wbir •nd Step1 O'Harn and Is due lo start September 202& Art$ & Bu•lne•• Nl AST engaged In the Board Matchlng FYogramm• by Arts & &Jsln8ss. saw a young pmfo851(x)al, Kaillyn Martln. matched to AST. It is antiapated that she wll join the board offiudty In Novunber 2023. The Storytstling Project Officer atten(led sevsd Arts & &Jsiness Evats induolng a nel%thing event %ilh lttal busin8s$eg. This has resulled in 1hè dwelopment relaticmships ilh 3 slwiplrKJ centres. whiGh are ke•n to exploro parthwship worklng. Thes8wIN be devdoped Ilwlher in 2024. Makaton Tralnlng Fundlng of £835 Th 5eawed frcffi Causeway C035t & Glens 1>dia arxl Commwmty Salety P8rtnershlp to deliver MaK7ton Le1 1 training to a totsl of 8 people. including AST storytdlus and parents of young athdis 1th leaming disabilities. Ths was well received rfl several of the vrtk) und¥took the trthng have sinc• used Makat1 duAng storytetling sessions with yo9 ChdrL
ARMSTRONG STORYfELUNG TRUST TRUSTEES. REPORT IINCLUDING DIRECTORS, REPORn IcoKnNUED) FOR THE YEAR ENDED 31 MAY2023 Income Gqneratlon Th• followlng Inc(xn• wu frcxn payment ts the drAlvery of stryyt•ling wlcas and frThn ld1j applicatTroni made durfng the financlal yw to gUPPOrt the various wciad8 undertakn under nkalon F(Andation CGFrr CN ward 21Y22 cl 2022 ov 2022 Ing Festiv 2022 lens St Iln Fastival 2022 •iend$ Group Cu$hendo11, dolivwy of in se¥slon3 eryM)rfe5Are Made of Thls .200 CNI Rural EngaGementArts rogramme auseway Coast & Glen• Pdlang & mmuni Safe Partnershi CNI Dlk4tal Evoluuan 2022 of Mthalon tralnlw lo paients and eElers mmersive Storyrtelling and Anknallon aborntion ISAC ayment for delNery of 5 x storylellng ossions In Cwricld us & Ounluca Casual .521 rtrnent for Ccffimunllle¥ n 2023 1,250 SL Anne's Cathed SP& Lough Eme Landscape arlnershl auseway Coast & GI5 Cnl ommunity Festival Fund ekers Ilvwy ol rthoshw tralnlnq ft>r Stor0 attendance at evert pwt ICY Glens storytdb.ng Festival 21JrJ note this ftmding was not pald unlll Sept 023 aYMt for dellvery of a 4x week troduction to 5ttydl9 course In un annon. arch 2023 ural Community N•t¥K Plans for th• Future The locus wlll canllNa to th¢ fvilies identified n 1 2022, n1 the devdownent of younger rytellern, etrffiic voices 4nd trnhing develcynenL Our exwlence ilh rurnl ¢(wnmunity grDUPS success of Memules we M•do of Ili$ has althwd to Submit a fvrther proposal for Iljnrfmg to theArts Northem Ireld (ACNI) ts a 8$e 2 of thls prolecL Engaging in events 1th Arts & Bu8ln•ss Nl has developed ow Ilnks llh new fvnders and businesses. are building relalionshlps vAth Ihe buslness seckny to expkn spo1rshiP and partrlwty opportunities in 202&24 and plan to submit ftmding apFllcatians to several new ftmders. The Glens Storytelllng Fejlival 2023 take frDm 19h- 2> 0(ober. FurKllng of £750 has been se¢xred in Apnl 2023 from Causeway Coast and Glens Cotmcil COMMlty Festival Fund. rylh additional applications being made to CCGHT and Enkalon Fo110n as ll as apwoach to a c4)nMnerraal sponsw, Glans of Antrim Distillery. The outworking ofthe lrnmer5ive Storyt&ling and Animat1< Colloralion project iIl wovide AST with a
ARMSTRONG STORYfELLING TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORn (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2023 ThrOughrt the wiod the Tn have adoptsd • pdicy on its reserve3 sIng Ihat the wuestriced financial reserves arè such as Ih8y provlde a bler In case of any10s8 of income IUld give Ihe Charity the thance to take approwiate steps. The TnBteeJ coiirtue to rnonitor Ihe level of reser+Ms. Rl•k Managem• The trustees has as80ssed the m8ity risks to 1¢h Ihe cknty is OXI¥•d. WKI v• ••O•fiad Ihat syst•mi arg In Stat•rn•nt al tru•tee8' re•pon•lbllltl The Irustees (who also the direciors ol Arn)strong Slorytelllng Trust for the puryjoses rrf compary law) are responslble for preparing the Report ol the Trustees and the finandal statements in aCcdance wllh the applicable l••V and Unlted lfjngdom Accwthig Standards (Unlted Klngdom Generalty AcceN8d Accounting Pradlco). Cryany law rewlre8 the tru8tees to prepare financ181statam of each financial year which ¥va a true and fair view of the 8t8te of affairs of the charitable company of Ihe incoming resources and appllcallon of resource8, induding the income arKI eXpditure of the chan'table C)anY for that perlod. In prnp8ring those financial statements. the truslo08 tn rewlr•d to: . Select suitatle accounting pdkle$ and •gply trM conslsmtly . 0tssee Ihe melhod5 and princlples In Ihe Charity SORP Make judgements and estimates that we reasonable and PTudenl . Prepare the financlal staternents on the going ccmcarn basis LW)less It18 Inawwlato to presume The trustee8 are re8pongi14e fcf keeplThJ woper accw records dlsd08e reasona18 accuracy at any lim8 the financial position 01 the tharltable company to enth Ihem to SU that Iho finanaal slatemlS wilh the CompaniesAct 2(#)6. They are also responsibk for safoguarding the assets of Iho charitatde compwry and hence for taki re4sCfflab staps for the w•vethion and deleclicn of fraud othw irrngul•Sti•8. Approved by order of Ihe board ol truslees and SI*1 on its bghaK by.. R Afm•trong Dlrector The trustees, report was apwoved by the Board of TNslees. Mr R Amistrong Trustee
ARMSTRONG STORYfELLING TRUST INDEPENDEKf EXAMINER'S REPORT TO THE TRUSTEES OF ARMSTRONG STORYfELUNG TRUST I report on Ihe accounts afthe tharfty frfjthè year dad 31 May 21r23, arn Jot out on pages 8 to 15. Respectlve regpon•lblllU•s rf trustees and examlner Thè trustees, who are 8150 the dlrectors of Arnistr9 Sltythg Tnjst tr tha wWpo5 ol compmy law, ar• responsible for the prewatian of Iha act(13 in accorthce wilh the rnquirwnerts of th• Cc¥nparies Ad 20(. Havlng 8allsfi8d myielf that the clty li nol subi•cl IQ wMl•r cnPry Iw, and li dSgllAe for llPnt examlnation, It Is my responsibility to: {5) examlne the accounts Imder sedi<n 85 of Ihe Chthlues Act {il) follow the procedur•s lald down in the grnal directicrn by th• Charlty Comm11On for N¢Jrthem Ireland undar sectlon 649)(b) of the Charltles Act {111) to stala elher mattern ha come to my att•rAI. Bag18 of Indw•nd•nt •XAmln•rfs r•port I have examlnad your chaflty xcounts as rewlred wmlor s•ctt(n 85 af ts Charftlos Act WKI my axaminalion w carrtad Qui in accordance wilh the general Directlons glven by the Charlty CoMnN8Slt lor NorthfAn Ireland undw sedion 65(9)<b) crf the Chwitiej ACL ThB examinalion Inthded a review of the accntIng records kept by the charity and a comparison of Ihe accounts presenknj with those rOdS. It also in(aud8d conslderntion of any unusual items or dlsdosurns in the accowts, and ••thir¥J from you a8 dwlty truste0• wiceming any su¢h mattw& My role Is to stato any malarfal matt•r• hm c¢yn• lo my ttll¢n tyylng us caum to bdl•ve: 1. That •ccountlng r•ccrth not kw In accorthc• seckn 386 of tho Compartm Act 2006 3. That the accounts do not Gomply wllh the acccAmtrng feqw'remarts of 39S of thè Cunpanth Aci 20rhs and Iho mothodi prlrKlpla6 Ihè Clwltsas Statwn•nt R•comm8ndod Pradic• applicablo to chwftl•s preparing thdr accoifjils In accordm *ilh tho Fh)•ncial RepNting Stsndwd ap• In the UK and Republlc of Ireland 4. Thal thwe 1$ ftfflhw inlormallon needed for a prw undw$9 of th• accumts to be r•Ach•d. Independent examlneV8 Statement I hava completed my examination and have In r•spad ol I fflattws (1) to (4) Nst•d fjb an4 In connedlon wlth lollovAng th8 dlr•dions rf the Ch•lty c0mrnlss1o ts N¢)rthem Irelan¢ I hava ftxmd no matters that rewire drryng to your attentlo (a) whlch gives me reasonable cause to bQve that In ary materid respect the reqUirwnts. (l) to keep accounting record8 In acccffdance seclion 388 of the Companies Act 20fK', and (li) kn prwre finanaal statemerts thIGh accord vlth Ihe accoLTrfing recrKds, coryty Vlilh the accotIng requirements af s•clian 396 of the C(xnparMes Act 2C#)6 and With the methodi arKI Fxinrj of the Ststement ol Recommended kndica: Accourtin9 Rwting by Charities., have not beon met crf (b) lo ¥trCh, in my opinion, Ottention shcAthJ be drAm In arder to IatIO a undffstandlng of the financial slatwnents to be reathed. 9 fL -PW- Dr R. Peters. Gallagher OBE, FCA For and on the behalf of Moora (N.I.) LLP Chartered Accourrt8nts 4th Floor Donegzu House 7 Donegall Sware North Bellast BT15G8 Dated: ...IL¥.. K! TrSL3
ARMSTRONG STORYfELUNG TRUST STATEMENT OF FINANCIAL ACTivmES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MA Y 2023 fvnd• 2023 funds 2023 funds 2022 fund 2022 2023 2022 Donatlons and legades Other incom• 64251 1.402 88,627 27240 80,855 108,095 Total Incoffle 69,653 90.029 27.240 80,855 108.OB5 Charitsble activftl 4620 46,029 77,649 30,535 58,171 N•t In¢omeq•xp•n(Itur•) forthe yearl N•t mov•m•nt In f4md• 37.033 (24.653) 11380 (3,295) 53,219 49,924 Fund balon¢•i at 1 Juno 2022 4330 53,219 7.825 7,825 Fund balanc•s at 31 May 2023 2J,$66 53,219 57,649 Th $latemant of fflnanclal aclvloos Inthdes al arKI losses recOord In Ihe y•ar. All Income and expffidittn derlve from corkniiTrJ a(ththes. Th• stalement of fineral aclivS1iu al30 COM VAlh the rnqulrthnwits ftt IrKom• axpendlkne account under the CompBnles Act 2CrfJ6.
ARMSTRONG STORYfELUNG TRUST BALANCE SHEEr ASAT31 MAY2023 2022 Intsngible uaots Tangltle assets 2.350 3,328 10 4,521 7,015 6,678 Current assets Cash at ba and in h•nd 81513 52.471 Crndltor•: amount• l•Mlng du• lthln on• y•ar 11 Net curr•nt 61914 61,871 Total loss cuvr•nt IlabHIII 69.929 57.$4 Incom• fund• Reslrfcied funds Unre•trlcled fimd• 53,219 4,330 41,363 69,929 67,549 The company18 I110•d to th• •xrykn from audlt lereM ¢4ytslned In 4T7 of tha cPanIeS Act 2006. for the ye8r ondad 31 May 20 Thg dlrectorn odmo%e thelr re4yMslbllbties for ming wilh the rwuirrrnents of the CUnp•nI Ac 2 V•ith respect to accountiThJ records and the weparatim of finanrial statemerts. in accortsnce vjith s•cli(m 47& These financial statements have be wyred kn Accord¥ %lth wuvl81(ms •pplcable lo compwdw subleci to the 4fflall Comp• roglme. Mr R Armstrry Company RestratIon N16ea143
ARMSTRONG STORYfELUNG TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AIAY2023
Accountlng polld¢•
Charlty Inforniatl¢
Amistr¢)ng Storytdling Trust a wlvate conwwry limilod ty warpth ifK¥xpmW in Northem Ireland. The
regitsed dllce IS 127 Ballywn ROA4 cU#W, Co. Antrim. wr44 OQP.
1.1 Ae¢ounilng conventlon
Tha finand81 stat•nffits hav• bo prepared in acc
ARMSTRONG STORYTELLING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y2023 Accountlng poll¢les (Contlnued) Expenditijre is reCgnISed c#Ke thwe is a legal or construthve 0gatIon to transler economlc benafft to third party. It is probable that a transfer rf eGLOMiC bfits ryl bo requirad in s•lllemrt and Iho wnount of Ihe ottylon can be measured r8llably. Exp•nditiKe Is da8sllled ty actrty. The costs cl eath acti¥lty are made LP of Ihe tthal of dlrect costs and shared costs. inthjding swort costs invofved in undwtthing eath actiw. Dlract costs attrUble lo 0 Singlo actsvity alouted dire( to that adiw. Shared costs contribute to m(Ye than one acllvlty and SUPPOrt c46ts arn not attribu to a single acti¥lty are apwlicmwl bets¥een those aclivities on a kni5 ¢onsiStent vAlh the use of rasources. traI staff costs are alocated Ihe ba$1$ of time 8penL and d•preclallffj Charg arn allocal•d on th• W1ion rftho aM•f8 uje. 1.5 Int•nglbl• flx•d oth•r than goodwll IntgIble assets affjuired #eparety from a tAlnesS wo recogntsed at ct arml arg 8ubquer measurod Intsngthle assets a¢(wlred on bUn¥ combSnalioM •r• recOwld waraknly from goo11 at th• a¢qu15ilion data there It 18 wobable that the expecied fijbn ec¢x)omle benefits that arn attrlbutable to the asset will to Ihe tsty and the lalr value of the asset can be rneaswed reliably.. the inlanglble awt arlses fr1 ciythciud or other legal rights: arKI the Int•19 asset Is separable frc¥n the en. Amortlsallcm 1$ r•COgsed $0 al to Ttt• dl lh• cost or of •ii•ts lass th 10th•1 ov•r th•k useful lives on the thI1ng bases: 1.8 T•nglbl• flx•d a8Mt• Tangitle fixed assets are Inlllaty measured al colt and AbseqUty m88gJr•d at cost or valuakn, net of dewedatl(m arKI ary Impalmient DeprerJaIl Is r•cognlsed 80 as to vfi6ts I) co•t lx valuotlon rf asiets less th•ir re811knl Val over thelr uselul Ilvas Im Ihé fc4ltrMng basm: The galn or loss arlslng on Ols1 of an asset Is do1MIned as the diifTh¢e between tho Ml8 prnceeds and the Ca vak of the asse( and 5s re¢ognl¥•l In the slatement of finandal acfvitloj. 1.7 Impalrnierf< rfflxed assets At each reportlng end date. the charity revie the cwryiig amcxmrts of its kngible 4nd lrftglbIe auets to detemine wheth•r thwe Is any Inthcation that Ihose assets have 8uifered an impaimient loss. If any such Indlcation exlsts, the recoverable amount of Ihe asset is egtlmaled In order to deternne the extem of the Impwment loss Of wry). 1.8 Ca•h •nd cmh •qulval•nts Cash and Cash equivalerrts indude in harKI. depo*ts held at call with bwths. ¢)thw SPrteM1 fiquid inveslments vAth original maturities of three months (Y less. •MI bank ovffdrafts. Bank overdrnts are shlywn 11
ARMSTRONG STORYfELUNG TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2023 Accounllng pollcl•s (Corrtlnuodl Baslc flnanclal BasiG financlal assets, Inrknle debkns and cash bank tAlanw, ar• htrty measur•d at transactbon wice induding transaction costs and are sUbsequwY carried al amrylised cost using the effe¢Al¥e intttest method unless Ihe wangemant Cs111Utes a finandng transadion. *there the transarAion Is measured at Ihe present value of the lubjra receipts IfiscoLrted at a mwket rate of InteresL Nnandal assets dassified as recelvable witrdn one year we nat amLYtised. 8a8k flnanclal114bHld BasiG financial liabillties. Indu(Ing creOtNs and bank loam wa InIti recognls•d It transad'50n price unless the mngement c0nststtrt a flnandng trsaCtIOn. the debt instrument Is measured at the present value of the futLWO paymMts OlKOtted at a rate of intrnL FinarKial Uabllldo$ dasslfiod as p8y8blo vAtrdn ono yoar tn not amo¢aM Debt Instrum are su•qU•Y cafflqd at amtyliaed cos( Ung the effethe Intwest rnte mattM)d. Trade credltors we oUlgati(m$ to pay knr gocxls cf w¥icas that have bo8n acquired In the t)rdlnary cose of opera11t5 from swllers. Arnjnts payablè afe closslfied as liabdltSe$ if payThent 18 due wilhln year ¢x18s5. If nol thwi •re wesanted as noTrcurrent 4b111e8. Trade cr8dltors arn recognlsad inllialy at tran8acllon price and subsequenty muwred at amortised cart u•hw tho affocllve Intw•it method. DwKoqnftlon of flnancl•l Ilablllll•• Fancial 11th1511 are duecwised th• ctyththjal oNgatitsu axplre or •r• distharpd or canGell•d. 1.0 Employ4M b•n•fft• The cost of any unusad hdlday antittwn h fecognmed In the wlod In the om0y¢e'• •w¥l¢u ar• received. termlnate the employmoni of an wnpknyee ty lo Novido twrninkn bwwfits. CrflI1 •¢courtlnq •mI8 and d9•MontI In the awffjcalion af Ilw tharitys accounkng polcies, th• trustw are required to make jUdgeMts. esiimates and assumptlons ab1 the carying amolnt of assets ld Ibabillles that aro not weadily apparent from othor sources. The eslimates and associaled a$slp.0nS are based on hislori¢al experience and other factors that are consldered to be relevart Athal r8sullS may dlffwfrom thoje ethYAts& The estlmates and undew as8urytions are reed rffj ¢yyolThJ bas1& Rlan$ to accountkng eslthnates ats recognisad In the period In the esllm8te Is revised there the revlslon affects only period, or In the period Ihe r8¥1¥1 luttirn periods where Ihe revlsion affects both current and ftrture Donatlons and laga¢l•s Total Unrostrided Restrtcted funds funds fund• 2022 DOtiOnS and 68.251 20,376 88,627 30.051 21,418 12-
ARMSTRONG STORYTELUNG TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIAY 2023 Other Income Unr•Jtrlctod funds 2022 rkslKp Income Ch•rft4bl• KiMtI 2023 Staff eosts Depreciation Impalmi•nt storytelllng Comw•r Costs 4896 1.7S6 1,41 26.2KI 1,319 S,205 15,820 C¢Jnsultancy Event organisatton & manag SLbscriptl 5,588 15.255 Insurnnco Trainlng AdvertrsiTrJ 1,229 225 492 222 71689 55,591 Share of costs (tsee noto 8) Shorn of govwnan¢o cosis (see not• 8) 1.980 800 58,171 Analysls by fund Unrnstrlcted fvnds Restrirted funds 31620 44029 30,535 27,638 58.171 13-
ARMSTRONG STORYfELUNG TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MAY 2023 Support ¢05t• SpOrt Govemonco ¢0st• 23 2022 ¢osts 600 Accounlancy 1,980 600 2,580 expenses frThn the (hwing tho yew. Taxatlon The charfty li exempt frtyn tax cffj Income and galn5 falllng vAlhin socllon 505 of th• Taxw Act 1888 or 8eckn 252 ofthe Chwgeablo GwsAd 1992 to the extent that thase are 8pplied to Its ch8rf1able objects. Int•n9lbl• tlx•d a•••ts Soft*•ro Cost At 1 June 2022 Additi( 3,328 768 At 31 May 20TJ Amortls•lion and Irnpdrnrt At 1 June 2022 978 824 1,800 At 31 May 21Y23 Carrylng •mount At 31 May 2023 1494 2.350 Al 1 Jun• 2022 14-
ARMSTRONG STORYfELUNG TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023 10 Tangllle flxed amats 5,199 At 1 June 2022 AddOn5 7.624 Al 31 May 213 D•prnclatlon and Impalrni• At 1 June 2022 Dveci4tion tharged In the yew At 31 May 2023 1,871 1,132 Carrylng wmount At 31 May 2Q23 4,621 3.328 At 31 May 2022 11 Crndltor•: amounts f•Mng du• wlthln on• y•ar 2023 2022 12 An•ly•l• al nat funds . Totsl lunds 2023 fund• 2022 funds 2022 2023 2023 Fund balances at 31 May 2023 are represented by. Intangible fixed as86ts 1494 4S21 Tanglble awts Curlent 8ssetsl(Uablhies) 34348 A566 41,363 516 1494 4,521 61914 3.328 (1,348) 63,218 51,871 57,549 51929 53.219 13 Rd•t•d party tranaacllom Thwe wwo no related party tr•MadiMs thring Ihè yw. 15-