REGISTERED COMPANY NUMBER: N1652507 (Northern Ireland) REGISTERED CHARITY NUMBER: 107683 Report of the Trustees 4nd Finan¢ial Statement5 FOR THE YEAR ENDED 31 December 2022 for ROAR AfqD EXPLORE DAIRY FARM LTD M.B.Mc Grady & Co Chartered Accountants Statutory Auditors Raihmore House 52 St Patricks Avenue Downpatrick Co. Down BT30 6DS
ROAR AND EXPLORE DAIRY FARM LTD Contents of the Flnanelal Statements FOR THE YEAR Ef4DED 31 DECEMBER 2022 Page Report of the Trustees Report of the Independent Audltors Statement of Financial A¢ilvitles Balan¢e Sheet io Cash Flow Statement Notes to the Cash Flow Statement 12 Notes to the Financial Statements 13 to 19
ROAR AND EXPLORE DAIRY FABM LTD (REGISTERED NUMBER: N1652507) Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2022 The tNslees who are also directors of the charity for the purposes of the Companies Act 2006. present their report with the financial statements of the charity for the year ¢nd¢d 31 De¢emb¢r 2022. The twstees have adopted the provisions of Accounting and Reporting by Cbarities: Ststement 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) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives alms The Charity's objects are to provide facilities for the inhabitants of the BelfasVLisburn region without distinction of Sex, sexual orientalion, age, race, abilities, or polttical or religious opinions, including facilities for children's play and recreation, family and community events, meetings, classes and other fom]s of recreation and leisure-time occupation, with the object of improving the conditions of life for the said inhabitants. Public benefit The trustees have read and had regard to the Northern Ireland Charity Commission's statutory guidance on Public benefit. ACHtEVEMETrIT AND PERFORMANCE Charitable activities Roar and Explore provide free educalional activities every Monday to Thursday. which are available to all children on the premises. These acttvities are learning through arts and crafts (Colin's crafts), learning through cooking and baking (Ellie's Eals), learning through stories, singing and dancing (Rami's Rhymes) and learning througb sensory play (Tilly's Twists). These sessions run 5 days per week, 5 sessions per day. with an av¢Tage of 10 kids per session. This equates to approximately12,000 children benefiting from these educational activilies from January to December 2022. Every morning we provide a discounted toddler morning enty rate and free toast and juice for all the children. This ensures the children ar¢ provided with something to eat and drink plus it encourages their parents to bring them out of the house lo socialize and play with other children of a similar age. Approximately 5500 children benefited from this. We offer a heavily discounted Child minder enty Tate, as we know that being a childminder can be quite a lonely fonn of wo. We currently have 142 childmtnders regtstered on this scheme, of which many are extremely regular users. It gives them an opportunity to gel out of the house. iTh a saf¢ environment for the kids in th¢ir care to play. whilst they socialise and meet up with ITke-minded people. 471)0 children benefited from ihis. We also offered 2 for I discount for Perks card holders which was availed of approximafrly 1300 times. free birthday passes to birthday ¢hildr¢n from which 541 children benefited and free enty for staff children. We provide discounted entry rates for nurseries, 5¢hools. and ¢lub5. The Children that wm¢ with these nurseries, schools and clubs are also provided with free toast and juice, from which over 1500 children benefited. Wc also provide free parties (play, juice, hot meal and dessert) through various competitions and in support of lo¢al community wups and Clubs. 250 benefited from this; in addition to over 300 free passes which were also provided to local community groups, clubs and fimdraisers. We supported a number of lo¢al sports clubs, providing them with high quality football kits and free passes Andersonstown Community Footb811 Club: Glendowan FC and St Johns GAC. including
ROAR AND EXPLORE DAIRY FARM LTD (REGISTERED NUIIqBER: N1652507) Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2022 FINANCIAL REVIEW Financial posfitlo The Statement of Financial Activities for the year ended 31 December 2022 and Balance Sheet as at that date are shown in the attached financial statem¢nts. Income from charilable activities for the y¢ar to 31 December 2022 is £537,479 (2021.. £320,410) which is up £217,069 on the previous year. The impact of th¢ Coronaviws pandemic and Ihe various gov¢mmental regulalions in relation to social distancing, closures etc thanthlly lessened in the 2022 year. The charity gratefully re¢eived Covid government support during this year of £10,000 (2021.. £120,399). together with a grant from its parent company of £5,438. Total expendimre for the year is £559,361 {2021..£394,973) which is up £164,388 on the previous year. Net loss for the year was £6,444 compared to net surplus of £45,836 for the previous year. The Statement of Financial Position remains healthy wiih Net Assets in excess of £122,373 of .which all relates to unrestricted fvnds. Reserves policy The Board of Trustees has estsblished a policy whereby the Unrestricted Funds not Committed or invested in tangible fixed assels for charity use Cthe free r¢s¢rves') held by the Cornpany should be between 3 and 6 montbs of the resources expended. Ai this level, the Trnstees feel that Ibey would be able to continue the current activities of the ¢ompany. the event of a signifkcant drop in funding, it would obviously be necessary to consider how the funding would be replaced or activities changed. FUTURE PLANS The Charity pLans to continue to offer its various services lo the people in the locality. During 2023, it is our intention to develop a sit-in ice cream parlour arnd safe space at its premises to complimenl ihe new lo¢al Colin Pa initiative. STRUCTURE, GOVERIYANCE AND MANAGEMENT Governing document The Charity is controlled by its governing document, a deed of ttU5t, and constitutes a limited company. limited by guarantee, as defined by the Companies Act 2006. The company is governed by a Board of TteeS which operates as detailed in the company's governing document, the Memorandum and Articles of Association. The Board meets between six and eight limes per year. The subcommittee, the audit committee, meet on a quarterly basis and Ihe other Committees meet as necessary. A ¢hi¢f executive is appointed by the board to administer the day to day operations of the company and its subsidiaries. To facilitste effeclive operations the Group chief executive, Mr Seamus O'Prey has delegated authority approved by the i]stees for operational matters such as finan¢¢, employment and Ihe delivery of its charitable objectives. Recruitment And appointment of new trustees Due to the nature of the charity's work the trnstees seek to ensure that these needs are appropriately reflected through the diversity of the trnstee body. To enhance the potential pool, trust¢¢s are requested to provide a list of thelr skills (and update it each year) and in the event of particular skills lacking or being lost due to retirement, individuals are approached to off¢r themselves for el¢¢tion. REFERENCE AND ADMINISTRATIVE DETAI[3 Registered Company number N1652507 (Northern Ireland) Reglstered Charity number 107683
ROAR AIYD EXPLORE DAIRY FARM LTD (REGISTERED NUMBER: N1652507) Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2022 Reglstered office Ortus 155 Northumberland Street Belfast BT13 2JF Trustees J Collins N F Rooney G Ward Audltors M.B.M¢ Grady & Co Chartered Accountants Staiutory Auditors Raihmore Hovse 52 St Patricks Avenue Downpattick Co. Down BT30 6DS STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also th¢ directors of RoAr and Explore Dairy Fam] Lid for the putposes of company law) are responsible for preparing the Report of the Tnte¢S and the financial statement8 in accordance with applicable law and United Kingdom A¢¢ounting Stsndards (United Kingdom Generally A¢¢epted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare financial slatemenls for each financial year which give a true and fair view of the state of affairs of the ¢haritable company and of the incoming resouwes and application of resources, including the income and cxpendire, of the charitable company for that period. In preparing those financial slalements, the trustees are required to select suitable aecounling policies and then apply them ¢onsistently J observe the methods and principles in th¢ Charity SORP. make judgements and estimates that are reasonable and prndent; prepare the fmancial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The Irustees ar¢ responsible for keeping proper accounling r¢cords which disclose with reasonable a¢¢uracy at any time the financial position of the cbaritable company and to enable them to ensuTe that the financial statements comply with the Companies Act 2006. They a also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregulaTities. In so far as the ttustees are aware.. there is no relevant audit infonnation of which ihe charitsble companls auditors are unaware. and the trustees have taken all sfrps that they ought to have taken lo make themselves aware of any relevant audit infom]ation and to establish that the auditors are aware of that inforniation. AUDrroRS The auditors, M.B.Mc Grady & Co, will be proposed for re-appointm¢nt at the forthcoming Annual General Meeting.
ROAR AND EXPLORE DAIRY FARM LTD (REGISTERED NUMBER: N1652507) Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2022 This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on 26 April 2023 and signed on its behalf by: J Collins- Trustee
Report of the Independent Audltors to the Trustees and Members of Roar and Kxplore Dalry Farm Ltd Opinion We have audited the finan¢ial statements of Roar and Explore Dairy Farm Ltd (the 'charitabl¢ company,) for the year ended 31 December 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and Doles to the financial statements, including a summary of signifi¢ant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (Unit¢d Kingdom Generally Accepted Accounting Practice). in¢luding Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,. In our opinion the financial statemenls: give a true and fair view of the state of the charitable Company's affairs as at 31 December 2022 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended- have been properly prepared in accordance with United Kingdom Generally A¢¢¢pt¢d Accounting Practice, including Financial Reporting Standard 102 'Tbe Financial Reporting Standard applicable in the UK and RepubIic of Ireland,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basfis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are rther described in th¢ Audttors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responstbilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusffions relating to going concern In auditing the flnancial statements, we have conGlud¢d that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfonned, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may ¢ast significant doubt on the charitable company's ability to continu¢ as t4 going concern for a period of at least twelve months from when the financial statements are authorlsed for issue. Our responsibiliti¢s and the responsibilities of the trnstees with respect to going concern are described in the r¢levant se¢tions of this report. Other Information The Irustees are responsible for the other information. The other inforniation comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other infomiation and, except to the extent oihenvise explicitly stated in our report, we do not express any fomi of assurance conclusion thereon. In connection with our audit of the financtsal statements, our responsibtlity is lo read the oiher information and, in doing so, consider whether the other infonnation is materially inconsistent with the fmancial statements or our knowledge obtained in the audit or otherwise appears to be matertally misstated. If we id¢nlify su¢h material inconsistencies or apparent material misstatements, we are required to d¢teTmine whether this gives rise to a material misstatement in the rinancial statements themselves. If, based on the work we have perfomed, we conclude that there is a material misstatement of this other inforniation, we are required lo report that fact. We have nothing to report in this regard. Oplnlons on other matters prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given In the Report of the Trustees for Ihe financial year for which the financial statements are prepared is consistent wÉth the fmancial statements. and the Report of the Trnstees has been prepared in a¢¢ordan¢e wfftth applicable legal requirements.
Report of the Independent Auditors to the Trustees and Members of Roar and Explore Dalry Farm Ltd Matters on whfieh lye are required to report by ex¢tptlon In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit. we have not identified material misstatements in the Report of the Twstees. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records hav¢ not been kept or returns adequate for our audit have not been received from branches not visited by us; or the financial statements are nol in agreement with the accounting records and returns. or certain disclosures of trustees, remuneration specified by law are not made. or we have not received all the infom)ation and explanations we require for our audit- or the trnstees were not entitled to tsk¢ advantage of ihe small Companies exemption from th¢ requirement to prepare a Strategic Report or in preparing the Report of the Trustees. Responsibllities of trustees As explained more fully in the Stst¢ment of TNstees' Responslbilities, the trustees (who are also Ihe directors of the charitsble company for the puOseS of Company law) are responsible for tbe preparation of the fmancial statements and for being satisfied that they give a ttue and fair view. and for such internal control as the tnteeS detem)ine is necessary to enable the preparation of financial statements that are free from materlal misstatement, whether due lo fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related lo going concern and using the going ¢oncern basts of accounting unless the tnte¢S either intend to liquidate the charitable company or to ¢ease operations, or have no realistic alternative but to do so.
Report of the Independent Auditors to the Trustees and Members of Roar and Explore Dairy Farm Ltd Ollr responslbililies for the 2udlt of the finanelal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or effor, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assuran¢e. but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detecl a mafrrial misstatement when it ¢xists. Misstatements can arise from fraud or em)r and are considered mat¢rial if, individually or in the aggregate, they could reasonably be expected to influence the economic de¢isions of users taken on the basis of these finan¢&al statements. The extent lo which our procedur¢s are capable of detecting irregularities, including fraud is detsiled below.. The following are required to be Considered.. - the nature of the industy and sector, control environment and entity perfomwice. - results of our enquires of management, about their own idenlification and assessment of the risks of igularitieS. - review of company poli¢i¢s and pmcedures relating lo: identifying, evaluation and ¢omplying with laws and regulations and whether they are aware of instan¢es of noncompliance. detecting and responding to the risks of fraud and whether they have any knowledge of any actual, suspected or alleged fraud; the internal controls estsblished to miligate risks of fraud or non-complian¢e with laws and regulations. the matters discussed among the audit engagement team and specific component audit teams regarding how and where fraud might occur in the financial ststements and any potential indicators of fraud. Because of these proc¢dur¢s, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud is in relation to completeness of incomes. expendithre not being applied in line with intended purposes and the calculation and payment of salaries. In common with all audits under ISAS (UK), we are also required to perform specifi¢ procedures to respond lo the risk of nwlagetllent override. Audit response to risks idetktified. The current audit is conducted with professional scepticism using procedures that are in accordance wilh International Siandards on Auditing. In responding to the identified key audit matters above we obtairA¢d an understanding of the charity's objectives and income streams together with the salary calculation and processing proces5, we performed enquires of management and inspected relevant documents and calculations, verifying incomes and expenditures, assessing the completeness and accuracy of disclosures within the financial statements and concurred the figures were materially accurdte. In addition to the above, our procedures to respond to risks identified include the following- reviewing the full fman¢ial statement dis¢losures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the fllwicial statements. enquiring of management concerns of actu&1 and potential litigation and claims; perfonning analytical procedures lo identify any unusual or wi¢xp¢ded relationships that may indicate risks of mplterial misstatement due to fraud. - reading minutes of me¢tÉngs of those charged with governance. and in addressing the risk of fraud through management override of controls, testing the appropriateness of joumal entries and other adjustments. assessing wbether the judgements made in making a¢¢ounting estimates are indicative of a potential bias. and evaluating the busin¢ss rationale of any stgnificaTht transactions that ar¢ unusual or outside the nomial Course of business. We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and significant component audit teams, and remained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit. A fiher description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website al Mvw.frc.org.uklauditorsresponsibilities. This description fornis part of our Report of the Independent Auditors.
Report of the Independent Auditor5 to the Trustees ond Members of Roar and Explore Dairy Farm Ltd Use of our r¢port This report is mad¢ solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate to the charitable company's members those n]atters we are required to slate to tliem in an auditors, report and for no oiher puq)ose. To the fullest ¢xtent perniitted by law. we do not accept or assume responsibility to anyone other than the charitable company and the charitable coMpanS members as a body, for our audit work, for this report, or for the opinions we have fornled. Malachy MCG y (Senior Sta for and on behalf of M.B.Mc G Chartered Accountants Statutory Auditors Raihmore House 52 St Patricks Avenue Downpatrick Co. Down BT30 6DS to uditor) Date..
ROAR AND EXPLORE DAIRY FARM LTD Statement of Fin¥neial Actlvitles FOR THE YEAR ENDED 31 DECEMBER 2022 31112122 Unrestrlcted fund 31112121 Total funds Notes INCOME AND ENDOIVMENTS FROM Charitable #etivltles Chartitable activities 537,479 320,410 Other trading activities 15,438 120,399 Total 552,917 440.809 EXPENDITURE ON Charltable activities Chartitable activities 559,361 394,973 NET INCOMEI(EXPENDITURE) (6,444) 45,836 RECONCILIATION OF Fuf4DS Totsl funds brought forward 128,817 82,981 TOTAL FUNDS CARRIED FORWARD 122J73 128.817 Th¢ notes forni part of these financial statements
ROAR AND EXPLOKE DAIRY FARM LTD (REGISTERED NUMBER: N1652507) Balance Sheet 31 DECEMBER 2022 31112122 Unrestricted fund 31112121 Total fund$ Notes FIXED ASSETS Tangible assets 10 114,634 133,989 CURRENT ASSETS Stocks Debtors Cash at bank 2,300 3,803 133,596 2,300 565 164,949 12 139,699 167,814 CREDITORS Amounts falling due within one year 13 (104,742) (136,114) NET CURRENT ASSETS 34,957 31.700 TOTAL ASSETS LESS CURREiYr LIABILITIES 149,591 165,689 CREDrroRS Amounts falling due after more than one year 14 (27,218) (36,872) NET ASSETS 122,373 128,817 16 Unrestricted funds 122J73 128,817 TOTAL FUNDS 122,373 128,817 These fmancial statements have been prepared in accordance with the provisions applicable to charitable companies subject lo the small companies regime. The financial statements were approved by the Board of Trnstees and auihorised for issue on 26 April 2023 and were signed on its behalf by.. J Collins- Tn1¢¢ Th¢ notes fomi part of these financial stst¢ments io
ROAR AND EXPLORE DAIRY FARM LTD Cash Flow Statement FOR THE YEAR ENDED 31 DECEMBER 2022 31112122 31112121 Notes Cash floivs from opergting actlvlties Cash generated from operations Interest paid (20J77) (990) (24,633) (420) Net cash used in operating activilies (21J67) (25,053) Cash flo)v5 from financing activities Loan repaytnents in year (9,654) (3,128) Net cash used in financing acliviti¢s (9,654) (3.128) Change In cash and ¢ash equivalents In the reporting period Cash And ¢ash equivglent$ at the beglnning of the r¢portlng period (31,021) (28,181) 162,981 191,162 Cash #nd Cash equivalent$ at the end of the reporting period 131,960 162,981 The notes forni part of these financial statements li
ROAR AND EXPLORE DAIRY FARM LTD Notes to the Cash Flow Statement FOR THE YEAR ENDED 31 DECEMBER 2022 RECONCILIATION OF NET (EXPENDITUREYINCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31112122 31112121 Net (expendltur¢)Ancome for the reporting perlod (AS per the Statement of Flnancial Activities) Adjustments for: Depreciation charges Interest paid (Increase}Idecrease in debtors Decrease in creditors (6,444) 45,836 19J55 990 (3,238) (31,040) 19,355 420 5,930 (96,174) Net eash used in operatlons (20J77) (24,633) ANALYSIS OF CASH AND CASH EQUIVALENTS 31112122 31112121 Notice deposits (less than 3 months) Overdrafts included in bank loans and overdrafts falling due within one year 133,596 (1,636} 164,949 (1.968) Total cash and cash equivalents 131,960 162,981 ANALYSIS OF CHANGES IN NET FUNDS At 111122 Cash floiv At 31112122 Net cash Cash at bank Bank overdraft 164,949 (1,968) {31,353) 332 133,596 (1,636) 162,981 (31,021 } 131,960 Debt Debts falling due within l year Debts falling due after l year (10,000) (36,872) (10,000) (27,218) 9,654 (46,872) 9,654 (37,218) Total 116,109 {21,367) 94,742 The notes fomi part of these financial ststetThents 12
ROAR AND EXPLORE DAIRY FARM LTD Notes to the FinAnclal Statements FOR THE YEAR ENDED 31 DECEMBER 2022 AccouiYfiNG POLICIES Basis of preparing the financial ststement8 The finan¢ial statements of the charitsble company, which is a public b¢nefit enlity under FRS 102, have been prepared in a¢¢ordance with the Charities SORP (FRS 102) 'Accounling and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts tn accordance with the Financial R¢porting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Stsndard applicable in the UK and Republic of treland, and the Companies Act 2006. The financial statements have been prepared under tbe historical cost convention. Income All income is recognised in the Ststement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expendire as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is a¢¢ounted for on arn accruals basis and has been classifled under headings that aggregate all cosl related to the category. Where costs Cannot be directly attributed lo particular headings they have been allocated to aclivAties on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following atmual rates in order to write off each asset ov¢r ils estimated useful life. Plant and machinery Fixthres and fittings IOO/o on cost IO% on cost Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow rnovlng items. Taxatlon The charlty is exempt from coryoration tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the Charitable objectives at the discretioTh of the Intees. Restricted funds can only be used for particular restricted putyoses within the objects of the charity. Restrictions arise when spe¢ified by the donor or when fiinds are raised for particular restricted pu0$¢$. Further explanation of the na[C and purpose of each thnd is included in the not to the fmancial statements. Hire purehase and leasing commltments Rentals paid under operating leases are charged to the Ststement of Financial Acliviti¢s on a straighi line basis over the period of the lease. Penslon costs #nd other p05t-retlremeDt benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitsble company's pension scheme are charged to the Statement of Financial A¢tivities in the period to which they r¢late. 13 continued...
ROAR AND EXPLORE DAIRY FARM LTD Notes to the Fin8nclal Statements - con¢inved FOR THE YEAR ENDED 31 DECEMBER 2022 OTHER TRADING ACTIVITIES 31112122 31112121 Government Covid grants Grants from parent company 10,000 5,438 120.399 15,438 120,399 INCOME FROM CHAIUTABLE ACTIVITIES 31112122 31112121 A¢tivlty Chartitable activities Cbartitable activities Enty fees Cafe & ice cream sales 274,184 263,295 152,796 167,614 537,479 320,410 CHAIUTABLE ACTIVITIES COSTS Support eosts {see note S) Dire¢t Costs Totals Chartitable aGlivities 555,861 3,500 559J61 SUPPORT COSTS Governance eosts Chartitable activities 3,500 IYET INCOMEI(EXPENDITURE) Net incomel(expenditure) is stafrd after chargingl(crediling): 31112122 31112121 Independent examiner's fees Audit fees Depreciation - owned assets Pur¢hases Rent & service charges 2,050 3,500 19J55 160,777 29,272 19,355 87,106 23,423 14 continued...
ROAR AND EXPLORE DAIRY FARM LTD Notes to ihe Financi#l Statements- continued FOR THE YEAR ENDED 31 DECEMBER 2022 TRUSTEES, REMUNERATION AND BENEFITS There were no ttwslees, remuneration or other benefits for ihe year ended 31 December 2022 nor for the year ended 31 De¢ember 2021. Trustees, expen$es There were llo trnslees, expenses paid for th¢ year ended 31 December 2022 nor for the year ended 31 December 2021. STAFF COSTS 31112122 31112121 Wages and salaries Social security Costs Other pension costs 251,724 8,845 2,058 177,135 4,369 1,084 262,627 182,588 The averag¢ monthly number of employees dwing the year was as follows.. 31n2122 20 31112lll 17 Full & part-tlme employees No employees received emoluments in excess of £60.000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND EIYDOWMEf4TS FROM Charitable a¢tivitle$ Chartitable activities 320,410 Other trading activities 120,399 TotAI 440,809 EXPENDITURE ON Charitable activltle$ Chaititable activities 394,973 NET INCOME 45,836 RECONCILIATION OF FUNDS Total funds brought forward 82,981 TOTAL FUNDS CARRIED FORWARD 128,817 15 continued...
ROAR AND EXPLORE DAIRY FARM LTD Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2022 io. TANGIBLE FIXED ASSETS Flxtures and fittings Plant and machinery Totals COST At l January 2022 and 31 December 2022 133,141 60,411 193,552 DEPRECIATION At l January 2022 Charge for year 46,599 13,314 12,964 6,041 59,563 19,355 At 31 December 2022 59,913 19,005 78,918 IYET BOOK VALUE At 31 December 2022 73,228 41,406 114,634 At 31 December 2021 86,542 47,447 133,989 ii. STOCKS 31112122 31112121 Stocks 2,300 2,300 12. DEBTORS: AMouNfs FALLING DUE WITHIN ONE YEAR 31112122 31112121 Trade d¢biors Other debtors 149 3,654 565 3,803 565 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31112122 31112121 Bank loans and overdrafts (see note 15) Trade creditors Social security and other taxes VAT Other creditors A¢cruals and defeed income 11,636 29,754 (3,185) 11,295 11,490 43,752 11,968 28.826 (1,027) 8,231 4,363 83,753 104,742 136,114 16 continued..,
ROAR AND EXPLORE DAIRY FARM LTD Notes to the Flnancial Statements- continued FOR THE YEAR ENDED 31 DECEMBER 2022 14. CREDITORS: AMOUNTS FALLING DUE AwfER MORE THAN ONE YEAR 31112122 31112121 Bank loans (see note 15) 27,218 36,872 15. LOANS An analysis of the maturity of loans is given below.. 31112122 31112121 Amounts falling due within one year on demand: Bank overdrafts Bank loans 1,636 10,000 1.968 10.000 11,636 11,968 Amounts falling between one and years.. Bank loans- 1-5 years 27,218 36,872 16. MOVEMENT IN FUTr4DS Net movement In funds At 31112122 At Illll2 Unrestrlcted funds General nd 128,817 (6,444) 122J73 TOTAL FUNDS 128,817 (6,444) 122J73 Net movement in funds. tncluded in the above are as follows: Ineomlng resources Resources expended Movement In funds Unrestrlcted funds General nd 552,917 (559J61) {6,444) TOTAL FUNDS 552,917 (559J61) (6,444) 17 continued...
ROAR AND EXPLORE DAIRY FARM LTD Notes to the Flnancial Statements- eontinued FOR THE YEAR ENDED 31 DECEMBER 2022 16. MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement In funds At 31112121 At 111121 Unrestricted funds Gen¢rnl Thd 82,981 45,836 128,817 TOTAL FUNDS 82,981 45,836 128,817 Comparativ¢ net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement In funds Unrestricted funds G¢Theral fund 440,809 (394,973) 45,836 TOTAL FUNDS 440,809 (394,973) 45,836 A ¢uttent year12 months and prior year 12 months Combined position is as follows: Net movement In funds At 31112122 At 111121 Unrestri¢¢ed funds General nd 82.981 39,392 122,373 TOTAL Fuf4DS 82,981 39,392 122,373 A Quent year 12 monih5 and prior year 12 monihs combined net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement In funds Unrestricted funds General nd 993,726 (954,334) 39,392 TOTAL FUNDS 993,726 (954,334) 39,392 18 continued...
ROAR AND EXPLORE DAIRY FARM LTD Notes to the Financial Statements- ¢ontlnued FOR THE YEAR ENDED 31 DECEMBER 2022 17. RELATED PARTY DISCLOSURES The ¢ompany rents its premises from which it operates from its parent company. West Belfast Enterprise Board Limited. During the year the company paid rent and service Charges to to its parent totalling £29,272 (2021.. £23.423) The parent company also provides management staff to the charity and recharges the associat¢d cost wbich totalled £52,017 (2021.. £41,973). Included in creditors at the year-end are amounts owed to the parent totalling £43,752 (2021.. £97,295) 18. ULTIMATE CONTROLLING PARTY West Belfast Enterprise Board Limited (Comapany number: N1021888, Charity Thumber.. 103129) a charitable company is the parent company of Roar & Explore Dairy Fann Limited and accordingly is delemlined to be the ultimate controlling party. l9