Charfty reglstratlon number NIC107622 Company reglstratl¢)n number N16621431Northern Ireland) ARMSTRONG STORYfELUNG TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENIJED 31 IAAY 2024 ARMSTRONG STORYfELLING TRUST CONTENTS Page Charity Inftymation Trustees Responslbllltles report Indep￿ent WAamlnefs report Statement of Ilnandal ac15vltles Balance sheet N¢Jtes to the Ilnanclal statements 10-17 ARMSTRONG STORYTELUNG TRUST LEGAL AND ADMINISTRATIVE INFORMATION DlrectorslTNstees Mr R Arnistr￿g Mr O McFadden Ms K￿tyn Martin (Appointed 14 January 2024) Charlty number NIC107622 Company number N1662143 Reglstered office 127 Batlyemon Road Cushendall Co. Antrim BT44 OQP Independent examlner Moore (N.I.) LLP 4th Flcwx Donegall House 7 Donegall Square North Bdfast BT15GB Bankers Lkner Bank Limited Belfast Cty Offi¢* 2 Brdnch PO Box 232 11.16 D(megall Square E8St BT15UB ARMSTRONG STORYTELLING TRUST TRUSTEES RESPONSIBILITIES REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MAY 2024 The Trustees, wtho are also directh of the Charity for the purposes of the Companies Act 2006, present their report wilh the finanaal ststements of the Charity for the year ended 31 May 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable lo charities preparing their accounts in accordance *ith the Financial Rewting Standard applicable in the UK and Republic of Ireland. The finanaal statemeA)ts have been prepared in xCOrdan￿ with the accounling poliaes set out in note 1 to the financial statements and comply with the Charitys Memorandum & Artides of Assoaalion, the Companies Act 2006 and "A¢countin9 and Reporting by Charities." Statement of Recommended Practice appIl￿ble to charities preparing their accounts in accordance with the Finanaal Reporting Standard ap￿.Cable in the UK and Republic of Ireland (FRS 102) (effective 1 JaNw 2019)°. Objectives and actlvttlas Armstrong Storyielling Trust was established to: . Provide arKI encourage the develowent of sttyel￿ng activibes in fibraries and othepAise within communities Provide social. cultural and educational benefits to the communty by generating employment opportunities and means by *tiich ndividuals are able to develop their skims: . Secure the eslablishment of a fimi foundalion for Stty￿￿ng lo c￿lInUe as an important and enduring art fomi. The Trustees have paid due regard to guidance issued by the Charity Commis%on in deryding vthat activities the Charity should undertak& Achlevements and perfomiance Project Updates The tsble is an illustration of the actiwty undpJtkn in the pwiod June 2023 to end of May 2024. ctivities oom Storyielh'ng Sessions ve Sto elling Session in Venues torytelling Events elling Sessrons with Liz ￿￿1r torytelltng Sessions with Guest tellers raining Courses delivered raning Course Attendees ams inners Attendance otsl Attendees atAST Events umbers 41 75 14 ARMSTRONG STORYTELUNG TRUST TRUSTEES RESPONSIBILMES REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUED) FOR THE YEAR ENDED 31 MAY2024 Activity highlights Attendees atAST 6v8nts inueased by 16% in 202>24. with 6,594 attendees vs 5,681 in the previous year. The number of events delivwed inueased by 8%. 241 vs 223 in the previous year. Rebrandlng of AST After board approval in November 2024 work began on rebranding the org&nisaticn. This was undertaken V•ith itenoise, a design agency based in BelfasL The lThithng was launched at a wetkattended event hdd in Belfast Central Library on 18 April 21Y24. AST Founder, Roger Armstrong. ouljined the %vork of AST and the Chief Executive of Libraries Nl, Jim O'Hagan, spoke of the valued partnership betr￿een AST and his organisat'on. An invited audience eryoyed St￿leS and music from ts stoytdlers musicians fjnked ￿ryth AST. The rebrandiNJ has been rolled out across lh6 websita and intC4 au marketing mthial& Intemal projects Etlmic Voices This proje¢ where storyteller Janice Wlherspoon is woflang wilh a gr￿p of Syrian Women. giving them space to share their own stories, is drav￿ng to a close. A total of 10 stiwies have been reG(xtsd and transGnlJed. wilh the storyteller currenty confirniing accuracy and ¢(msent with each d the partiapants. The aim 1$ to have the stories finalised, collated and printed before the end of 2024. . Young Storslellws The plan had been to deffivw a storytdling sessiw in the QUB Seamus Heaney Centre. However with the building being refurbished in late 2023, reopening in late Spring the deriston to hold an event here has been deferred to autumnl *inter 2024. Despite this, several younger storytellers have be￿ trained wilP*i the Bordertth projert and lod( forward to provithro them with plakns to perfomi in 2024- 25. . Training & Devdopm*rt We delvered 8 x traHiiry $85Si+Jns for Storytellers. lik￿ staff. guides and those in Ihe rural communty and voluntary sector. These induded: . StOrytel￿ng Workshop for Rural Commuiwty Netsvork delNered by Janice Wtherspo(m on 22 June . Sansory storytelling workshops x 2 for LI￿ary staff Vicky McFarfand on 30 August & 6 Septwnber . Sttyelling for chfldren with Daniel Morden on 2 FetKLwy . StwYtel￿n9 Imth Shonaleigh Cumbers 20Awd . Trainlng in sttye1￿n9 for staff at Hillsborough Casue delvwed by Liz V¥knr and Eamonn Keenan 22 April . Stttyelling for teachers at str￿￿115 College wilh Liz ￿1r on 4 May . Stwy Snacks. Stor￿1ng techniques wilh Sal Tonge 11 May ARMSTRONG STORYfELUNG TRUST TRUSTEES RESPONSIBILITIES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MAY2024 Yamsplnners Yamspinnerj sessions took place in Tullycarne( Bangcy arKI Lisblwn City libraries. AST also supported Causeway Yamspinner$. in Colefaine LI￿ary. dwing 202&24. St￿yt￿lers from Nofthern Ifeland, Irel&xl, and England were featured. Attendance grew in 202&24 with 1,1131 atterKlees vs 895 In 2022-2 Glens sto￿111n9 Festlval Ortober 2023 th funding support seujred from Causeway Coast & GI￿ Heritage Trus( Causeway Coast & Glens Coundl, Enkalon Foundation and Glen? of Antrim Digtsllery, AST cyganised the Glens Stor￿ling Festival, held from Thursday 19 October to Sunday 22 October. A range of 22 evants was offered, the majority in person, with onè hybrid Story swap, with a total of 606 attendees. Four Natlons The Storyteller in Residence continued to represent AST in a series of on-going zoom me81ings thryth representthlves Of Sttyelttng orgarfsaoans tram EnO8nd. scottand and Trthles. The fOCUS Of tha meettngs In 202&24 was the planning of the 2024 FEST conference in Glasgow to take place in June 2024, led by Village Storytelllng Centre from Glasg(yw, whlch Thill indude input from AST. Arts Councll of Northwn Ir•land AST Secured ftmding for Iwo yojects Irom ACNI during 202&24. The Memorfe8 ar• Made of thls Prolect- Pha•e 2 was ftmded £4,11J) urKler the Rural Eng4gement Arts fund, Saw us engage with 7 Fural groups. providing eath ¢Jne wilh 4 reminiscence sessions, ￿1th local primary school children joining the group for the final Session. These sessions were very popular Wbth all those vtho attended. This prolect Is due to C￿￿PIeled by end ofAugusl 2024. Under the Commlsslonlng Programme. AST w8s wrded £13,000 in December 2￿3. Thls Is for Reclalm, Reframe, RefiecL This will see the Creation of a qualty immetsive storytetling piece for live perfomianco across Nl. Working with prolessional storyiellers and a rnusiclan. a story. music and digital experience will be cxeated. reclaiming the forgotten, sidfrlined and at times corrupted stories of women and fwninlne archetypes from our folklore and mythologies. The 3 artists involved from AST are Liz ￿￿1r, Anne Harper and Wicky McFarland. Bellast Harbaur Commlsslonern A successfijl submission was made to Bellast Harbtyjr Comrnissioners Communty Fund for £3,000 to support Belfast Mernories Are Made of this. This project allowed us to deliver 2 $toryteifing session to 4 groups across Belfast, with a finale event held in the Belfast Harbour Commissioners office in late November 2023. The artists involved were Sharon Dickson and Geoff HatL BorderTalk project This projec( funded by the Intemalional Fund for Ireland and led by Storylellers of Ireland stsrted in September 2023. To date 3 x &week NOCN Level 2 Star￿1￿n9 training course5 have been successfully delivered by Liz Welr and Stephen O'Har8. with partiiipants dr•*n the bmlw ctyjnlles. The fin81 course is to $tOrt in late August 2024. A new proposal wag submitted to InlfAnab'onal FurKS for Irel￿ for the c￿￿nUatiOn ￿ the projec( wilh AST as project partner. A deasion is expethd in aubjmn 2024 ARMSTRONG STORYTELLING TRUST TRUSTEES RESPONSIBILITIES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AqAY2024 Flnan¢lal revlew Incoffle Generatlon The following income was generated from fundlng appll¢atlons made durfng the finandal year to support the various projects undertaken. under elfast Harbour Commissioners nlemalional Fund for Ireland nkalon Foundation CGHT lens ofAnlrfm Distille CNI Rural EngagementArts ro ramme CNI Commission amme auseway Coast & Glens Council ommuni Festival Fund otal Date Jul 2023 July 2023 Se t 2023 Oct 2023 Oct 2023 Oct 2023 Award £3,000 5,000 £500 £3,200 £300 £4.100 elfast Memorles Are Made of This 0￿16[ Talk ecl lens Sto ellin Festival 2023 lens Storytellin Festival 2023 lens Sto ellin Festival 2023 emories Are Made of Thls• Phase 2 Dec 21r23 April 2024 £13,000 £1,500 edaim, Reframe, Refiect upport for Glens Storyielling Festival 2024 £26,600 Plans for 202*25 The focus wiu continue to be on the prlorfties we Identlfied In late 2022, namaly tha d•velopmont of younger storytsllers, ethnlc voices and training and development. There V￿[1 also be a focu$ on Identlfylng ethmal lunding sourw to Support care AST costs, as tho Herftage Lottery project enters its 31d and finel year. Enoaglng In events wlth Arts & 8uslneg9 Nl ha) developed our Ilnk> wlth new fundern and bu¥lneJ3eg. AJ a result, appllcations will be submitted to Open Reach and DIIF, a foundation which awards grants for 8rt5 activities. The Glen8 Storytelllng Fe8￿Val 2024 vlll take placa from 17. 20 October. Fundlng of £1500 has been secured in April 2024 from Causeway Coast and Glens Coundl Communlty Festtval Fund, an increase on the amount awarded in 2023. CCGHT have allocated £3,200 to the le$￿Val In 2024 V41th an addlttonal applIca￿On belng made to the Enkalon Foundatson as well as an approach to a commerclal sponsor, Glens of Antiim Distillery. In temis of financi818dministration, plans are In place to move 811 financial processes to the XERO platfomi. Assistance for thls 1$ being provided by Magic Beans. a Northem Ireland based company approved by XERO. Thls w+ll $lart in101• August 2024. Reserves Throughout the perlod the Trustees have adopted a pollcy on its reseNes ensuring Ihat the unrestrictsd ffinancial reseryes are such as they provlde a buffer In case of any loss of Income whlth V￿uld give the Charfty the diance lo take 8ppropriate steps. The Trustees contlnue to monitor the level of reseNes. Rlsk Management The Tnjstees has assessed the major risks to which the Charity is exposad, and are satisfied that systems are in place to mitigate exposure to th8 major risks. ARMSTRONG STORYTELLING TRUST TRUSTEES RESPONSIBILITIES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MAY2024 Statement of Trustees Responslbllllles The trustees (who are also the directors of Armstrong Storytelling Trust for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with the applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare finanaal statements of each finanaal year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of reSoUr￿s, induding the income and expenditure of the charit8bl6 cornpany for that P8ri0d. In preparing those finanrial statements, the trustees are required to: Select suitable accountlng polldes and Ihen apply them consistently ObSe￿e Ihe methods and principles in the Charity SORP Make judgements and estimates that are reasonable and prudent Prepara the financial statements on the going concem basis unless it is inappropriate to presume that the charitable company will continuo In business. The trustees are responsible for keeping proper 8ccounting records which disclose with reasonable acLuracy at any time the financial position of the tharitable company and to enable them to ensure that Ihe financial statements comply with the Cornpanies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasanable steps for the prevention and detection of fraud and other irregularities. Approved by order of board of trustees and signed on its behalf by". Mr R Arnistrong Trustee Dated.. 13 November 2024 ARMSTRONG STORYfELUNG TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ARMSTRONG STORYfELUNG TRUST I report on Ihe accounts of the Charity for the year ended 31 May 21r24, we set on pages 8 to 17. Respectlve responslbllllles of Tnistees and examlner The trustees, vh70 are al30 the dire¢tcYs of Armstrong Sttydling Trust ts the wrpow of CCMnp￿ kn, are responsible for the preparalion of the acccHJrts in accordance *ilh the re(wirements of the Companies Act 21JQ6. Having satisfied myself that the charity is not xthiect to auifft urKler company law, and is eligible for independent examination, it is my responsibility to: examine Ihe acccwnts under section 85 of Ihe Charities Act (li) follow the procedures laid do1￿ in Ihe general direclions given by Ihe Charity Commission for Northem Ireland under seclton 65(9) matters that require drawing to your attentiM. (a) ￿thIch gives me reasonable cause to believe that in any rI￿￿(la1 respect the requiraments." (i) to keep accounting records in acwdance vrith sedion 386 of the Companies Acl 2006. and (li) to preparè finaniaal statements which accord vAlh the accounting records, comply Vifjth the accounting requirements of section 396 of the Compantes Act 2006 and the methods and principles of the Statement of Recommended Praclice: Accounting and Rep￿ting by Charities: have not been met or Ib) to which, in my opinion, attentfon should be in order to enable a proper understanding of the financial statements to be reached. &. S.fL4JW Dr R I Peters Gallagher OBE. FCA For and on the behalf of Moore (N.I.) LLP Chartered Accountants 4th Floor Donegall Hixtse 7 Donegall Square North Belfast BT15GB Dated.. 13 N0Ven￿er 2024 ARMSTRONG STORYfELUNG TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MA Y 2024 Totsl Unrestrlcted Restrfctsd funds funds 2023 2023 Total funds 2024 funds 2024 2024 2023 Noteg nco Donallons and legacies Other income 65,719 1461 24,870 90.589 2,461 88,251 1.402 20,376 88,627 1,4(r2 Total Income 68,180 4870 69,653 20,378 90,029 endltu Charitable activities 43,952 80.T13 104725 32,620 45,029 77,849 Net Incomel(expendlturn) for the yearf Net movement In fund• 24.228 (35,903) (11,675) 37,033 (24,853) 12.380 Fund balances at 1 Juno 2023 41,363 69.929 4,330 53,219 57,549 Fund balanc￿ at 31 May 2024 65,591 (7,337) 58,254 41.363 28.568 69.929 The statement of finandal actfvllias inthdés all gains and losse8 recogrdsed in the year. The statement of fin8nci818ctivltie$ i￿lUdeS all gains and losses recognlsed In the year. Al income and expendltsjfe derive from conlinuing activities. The st8ternent of financial activities also complies *ith the requirements fLY an income and expendlture accou under the Companies Act 2008. ARMSTRONG STORYfELLING TRUST BALANCE SHEET ASAf31 MAY2024 2024 2023 Notes Flxed assets Intangible assets Tanglble assets 11 12 1,995 3,619 4,521 5.614 7,015 Current amets Cash at bank and In hand $4,046 63,513 Credltorn: amounts folllng due wlthln one year 13 (1,406) (599) Net current a8iets 62,640 82,914 Total assets leJ• current Ilabllltle• 69,929 Income funds Restrided fijnds Unrestrlcted lund$ 14 17,33n 65,591 28,588 41.3e3 58,254 89.929 The company is entitled to the exemptlon from audit raqulremant eontalned in sectlon 477 of the Companlas Act 2006, for the year andad 31 May 2IY24. The dlrectors a¢knov*ledge their re8ponsibllilles for complylng with thè requlrement8 of the Comp8nle8 Act 2008 lth respect to accountjng records and the preparatlon of financSal statements. The members have not requlrad the company to obtaln an audlt of Its Iln8ndal ststaments for the yèar in questian in accordance with section 478. These financial statements have been prepared In accordance with the provlslons appllcable to companies Subject to the Small Companies reGime. The financial sLqtements V￿re approved by the Trustees on 13 November 2024 o l.-.c-É Mr R Amistrong Trustee Company Reglstratlon No. N1662143 ARMSTRONG STORYTELLING TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 Accountlng policies Charlty Infomiatlon Armstrong StOTJrtelling TA￿t ig a private company hrnited by guarantee Incorpor￿ in Nofthem Ireland. The registered office is 127 8allyemon Road, Cushendall, Co. Antrim, BT44 OQP. 1.1 Accounting conventlon The financÉal statements have been prepared in accordance with the Companies Act 2006, FRS 102 Yhe Finanaal Reporting Standard applicable in the UK and Republic of Ireland. fFRS 102") and the Charitl8S SORP "Accounting and Reporting by Charities: Statement of Recommended Prarxtce applicable to charitses preparing their accounts In accordance with Ihe FinanrAal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). (effective 1 January 2019), The Charity is a Public Benefit Entity as defined by FRS 102. The Chaiity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, vthich is the functional currency of the Charity. Monetary amounts in these fjnancial statements are rounded to the nearesl £ The financial statements have been prepared under Ihe historical cost convention, [rnodified to include the revaluation of treehold propertie5 and to indude investment propertles and ￿rtain finanoal instruments at falr value. The principa accounting policies adopted are set out below. 1.2 Golng concem At the time of approving the financial statemenls, the Trustees have a reasonable expectation that trie Charity has adequate resources to conts'nue in operatlonal existence for the foreseeable future. Thus the Trustees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charltable tund5 Unrestricted fijnds are avallable lor use at the discretlon of Ihe Trustees In furtherarKe of thelr charitable objeclives. Restiicted funds are subject lo spec?fic conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statemerrts. Endowment funds are subject to speciffic conditions by donors that the capital must be maintained by the Charity. 1.4 Income Incom6 is re¢ogn15ed when the Charity is legally entitled to it after any performance condltions have been mat, the amounts on be measured retrably, and tt is probable that income will be received. Cash donations are recognised on receipL Other donations are recognised once the Charity has been notified of the donation. unless perfomiance conditions require deferral of the amounL Income tax recoverable In relation to donations received under GiftAid or deeds of covenant is recognised at thg time of the donation. Legaaes are recognised on receipt or otherwise if the Charity has been notified af an impending distribulion, the amount is known. and receipl is expected. If the amount is not known, the legacy is treated as a contlngent asseL 10- ARMSTRONG STORYTELUNG TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y2024 Accountlng policies {Contlnued) Eypendlture is recognised once is a legal or constructive Ob￿gati0Th to transfer economic benefft to thiid party, it is probable thal a transfer of e￿￿)MIC benefits wiu be rewired in seltEemenL and th6 amount of the 0￿gation can be measured reliaw. Expenditure is dassified by activity. The Costs of each activity are made up of ttp total of threct costs and shared costs. including support costs involved in undertaking ead) acbvty. Direct Costs attributable to a single activity are allocated directly to that actity. Shared costs ￿lch contribute to mora than one activty and support costs which are not attributable to a single activity are apportioned betrween those activities on a basis consistent with the use of resryjrces. Central staff costs a￿ allocated on the basls of lime spenc and 1.5 Intangible fixed assets othw than goodwll Irrtangible assets acquired separatdy from a business are rec¢Jgnised at cost arKI are subsequenty measured at Cost less ac¢xrnulated amorti&*ion and acamulated Impament losse& Irrtangible assets acquired on bustness combinati(xts are recwised separately from good*ryll at Ihe acqurstson date where rt is wotsable Ihat the expKted econmc beneffts that are attnbutable to the asset wlll flow to the entrty and the fair value of the asset can be measured reliably: the intangibl8 asset arises from contractual or other legel rights: and the InWi￿￿le asset is separable from the entity. Amortisation 5$ recognised so as to ￿lte off Ihe cost or valualim of assets less residual values over their useful lives on the following bases: 20% Straight Line Deweciation 1.6 Tangible fixed ass&s Tangible fixed assets are iriilialty measured at cost and sthequenty measured at cost or valuation. net of deprectation and any impaimient losses. Depreciation is recognised so as to ￿lte off the cost ￿ valuation of assets less their residual values over their useful lives on the following bases: Comwters 20% Strw Line DeFwecialion The gain or loss arising on the olsposal of an asset is determined as the thfference bettveen the salo proceeds and the caTrying value of the asrt and is recognised in the statem￿1 of financral activities. 1.7 Impaimient of fixed ass At each reporting end date, the Charity reviews the carrying amounts of its tangible and inlangible assets lo detemiine vthether there is any indication that those assets have suffered an impaimient loss. If any such indicalion exists. the recovwable amount of the asset is estimated in order to detemiine the extent of the impainnent loss (rf any). 1.8 Cash and cash equivalents Cash and cash equivalents indude cash in harKI. deposits held at call %Mth banks. othw shart-temi liquld Inveslments wth original matUTilies of three months or less, and bank ovwdr*b. Bank overdrafts are shown within borrowings in C￿rent habilities. 11 ARMSTRONG STORYTELLING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 Accountlng pollcles (Contlnued) Baslc Ilnanclal assets 8a3ic finanaal 8s8ets, thich Indude debtorn and cash and bar& balances. are inrtRIty me88ured at transaction price induding transaction costs and are subsequently carried at amortised cost using Ihe effective interest method unless the arrangement constitutes a financing trdnsaction, vthere the transaction is measured at Ihe present value of th8 future recelpts dlscounted at a market rate of InteresL Flnancial assets dasslfied as receivable vitthln one year are not amortlsed. Baslc Ilnanclal Ilabllltle8 Basic financial liabilities, Includlng credltors and bank loans are Inltlally recognised at trans8Ctlon prlce unless the arrangement constitutes a finanrAng trensaction, Nvhere the debt instrument Is measured at the present value of the future payments dlscounted at a markot rata of intere8L Finandal h'abilities dassified as payable within one year are nat amortlsed. Debt Instruments are subsequently carrled at amortised cost. U31ng the effecllve Interest rate method. Trade ￿edItOrS are oblSgations lo pay for goods or servlces Ihat have been acquirad In the ordinary course of operatlons from suppllers. Amounts payable are dasslfied as ¢uThent Ilabllllles if payment is due within ona year or lass. If not, they are presented as non-¢xrrent118bllitles. Trade credltors are recognised Irutlally at transactlon prlce and subsequently measured at amorttsed cost using the effectiv8 interest method. Dern¢ognRlon ol flnanclal Ilabllltles Flnanclal liabili1188 are derecognised vthen the Charfty's contraciual obllgatlons explre or are discharged or ncelled. 1.9 Employee benefits The cost ol any unused hollday onlitlemenl 58 recognlsed In th6 period in whlch the employee'$ servlce8 are receNed. Temiination benefits are recognised Immediately as an expense when the Charlty Is demonstrably commitled to tenninate the employment of an employee or to provide temlnation benefits. Crftlcal accountlng estlmates and Judgement• In Ihg appllcatlon of Iho Charlty's accountlng polici85, the Trust88s are r6quir8d to maka ludg•monts, estSmates and assumplons about the c8rrylng amount of assets and Ilabllltles that are not readlly apparent from other sources. The ejtlmates and associated assumptions are based on histori￿1 experlerKe arKI other factors that are consldered to be relevant. Actual rasufts may dlffer from these estlmates. The estimates and underfying 8S5umptions are reviewed on an ongoing basis. Revisions to accounling estimates are recognised in the perlod in vthich the estimate Is revlsed where the revision affects only that period, or in the period of the reyision and future period9 where Ihe revtsion affects both Current and luiurtr period8. Income from donatlons and legacles Unrestrfcted Restricted funds lunds 2024 2024 Total Unrestrlcted Re$trl¢ted funds fund3 2023 2023 Total 2024 2023 Donations and gifts 65,719 24,870 90,588 68.251 20.376 88,627 12- ARMSTRONG STORYfELLING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 Other Income Unrestrlctod Unrostrjctad funds funds 2024 2023 Workshop Income 1461 1,402 Charitable actlvltl 2024 Staff costs Depreci8tlon and Impalmient StoMelllng Computer Costs Webslte Costs Consultancy Event organlsatlon & management Subscrlptions Sundry Insurance Training Advertising 28,387 1,401 34,571 1,233 1,023 22,898 1.756 23,465 2,887 1,319 5,205 15.820 180 1,184 1,283 492 222 29,270 226 701 1,370 1,224 3,663 103,069 76,689 Share of support costs (see note 8) Share of govem8nce costs (see note 8) 1,080 576 104,725 77,649 Analysls by fund Unrestricted fijnds Restricted funds 43,952 61773 32,620 45,029 104.725 77,649 13- ARMSTRONG STORYfELLING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024 Support costs Support Goveman¢e costs 2024 Support Govwnance Costs 2023 Other accountancy costs Independent examination fees $76 576 1,080 1,080 576 Analysed betwe Charitable activities 576 Net movement In funds 2024 2023 The net movement in ftmds Is stated after thargIn￿(credIting). Depreci81icffl of ry1￿ed tangitle fjxed assets Amorttsation of intangtble assets 902 1,132 Trustees None Of the Trustees (or any persons cornected them) re￿Ved ary remuneralion. benefits or recovered expenses frrmi the Charity during the year. Employees The average muthy numbw of employees during the year was: 2024 Number 2023 Number Employment costs 2024 2023 Wages and salarles 28,387 22,896 Thwe were no employees ￿Ose annual remuneralion was more than £60.000. 10 Taxallon The charity is exempt from taxation on its actlvb1￿ because 811 ils income 1$ applied for charltable purposes. 14- ARMSTRONG STORYfELUNG TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2024 11 Intangible fixed assets Cost At 1 June 2023 and 31 May 2024 Amortisation and 5mpairnient At 1 June 2023 Amortisation Ch￿ged for ts ye 1.800 499 At 31 May 2(r24 2.099 Carrying amount At 31 May 2024 1.995 At 1 June 21Y23 2,494 12 Tangible fixed assets At 1 June 2023 7,524 At 31 May 2024 7,524 Depreclatlon and Impalmient At 1 June 2023 Depreciatiijn tharged in Ihe year 3.003 At 31 May 2024 Carrylng amount At 31 May 21r24 3.619 At 31 May 2023 4.521 13 Creditors: amounts falling due within one year 2024 21123 1h06 15- ARMSTRONG STORYTELLING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2024 14 Restrlctsd funds The restricted fijnds of the charity comprise the unexpended balances of donations and grants held on trust subied to Specif￿ condilkni$ by 41onofS as lo Ihoy niay be used. At 1 June 2023 Incomlng Re8ource6 rasource8 expended At 31 May 2024 28,568 24,870 (60,7731 17,337) Prevlous year: At 1 Jun• 2022 Incomlng R•sources r￿oUrceS expended At 31 May 2023 53,219 20,376 (45,029) 28,568 16 Unre•trfct•d fund8 The unrestrlcted funds ol the charity comprlse the unexpended balancas of donations and grants whlch ara not subject to specific condlt5ons by donors and grantors as to how they may be used. These Indude deslgnated funds vthlch have bean set 88ide out of unrestricl8d funds by Ihe Iiustees lor specific PU￿0808. At 1 June 2023 Incomlng Resourc0• reJourcoB expended At 31 May 2024 General funds 41,363 6B,180 (43,962) 65,691 Prevlou8 year. At 1 June 2022 Incomlng Resourc resources oxpended At 31 May 2023 General fvnd3 4,330 69,653 (32,620) 41,363 16 Analys1• of net assets between funds Unrestrl¢ted Restricted funds funds 2024 2024 Total 2024 At 31 May 2024: Intangible fixed assets Tangible assets Current assetsl(Ilabllltles) 1,995 3,619 59,977 1,995 3,619 $1640 (7,337) 65,591 (7,337) SQ254 16- ARMSTRONG STORYfELLING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2024 16 Analysls of net assets between funds (Contlnued) Unrestslctad Restrlcted fund8 funds 2023 2023 Total 2023 At 31 May 2023: Intangible fixed assets Tangible assets Current assetsl{Ilabilities) 2.494 4,521 34.348 2,494 4,521 62,914 28,568 41,383 28,568 69,929 17 Related party Iranlactlons There were no related party tranSa￿On8 during the year. 17-