REGISTERED COMPANY NUMBER: N1652507 (Northern Ireland) REGISTERED CHARITY NUMBER: 107683 Report of the Trustees and Financial Statements FOR YEAR ENDED 31 December 2023 for ROAR AND EXPLORE DAIRY FARM LTD M.B.Mc Grady & Co Chartered A¢countants Statutory Auditors Rathmore House 52 St Patricks Avenue DowTrpatrick Co. Down BT30 6DS
ROAR AND EXPLORE DAIRY FARM LTD Contents of the Financial Statements FOR TILE YEAR ENDED 31 DECEMBER 2023 Page Report of the Trustees Report of the Kndependellt Auditors Statement of Financial Activities Balance Sheet io Cash Flow Statement Notes to the Cash Flow Statement 12 Notes to the Financial Statements 13 to 19
ROAR AND EXPLORE DAIRY FARM LTD Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees 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 ended 31 December 2023. The INstees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Pra¢ti¢e applicabl¢ to charities preparing their ac¢ounts In ac¢ordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effecltve l January 2019). OBJECTIVES AND ACTIVITIES Obj¢etive$ and aims The Charity's objects are to provide facilities for the inhabitants of the BelfastrLisburn region without distinction of sex, sexual orientation, age, race, abilities, or political or religious opinion5. 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 tnjslees have read and had regard lo the Northern Ireland Charity Comrnission's statutory guidance on Public benefit. ACHIEVEMENT AND PERFORMANCE CharRtable aetlvltles In the year, w¢ further developed our social enterprise. We updated the soft play playframe and the facilities of Last Level party and gaming room. We also converted a vacant space at the same premises to become a Morellis Ice Cream sit in parlour and safe space, to compliment the new local Colin Park inittative. Roar and Explore provide free ¢ducational activities every Monday lo Thursday, which are available to all children on the premises. These aclivilies are learning through arts and Crafts (Colin's crafts), leaming through ¢ooking and baking (Ellie's Eats), leaming through stories. singing and dancing (Rami's Rhymes) and learning through sensory play (Tilly's Twists). These sessions 5 days per week, 5 s¢ssÈons per day. with an av¢rage of10 kids per session. This equates to approximately 12,000 children benefiting from these educational activities from January to Dec¢mber 2023. Every moming w¢ provide a discounted toddler morning enty rate and free toast and juice for all the children. This ensures the children are provided with something to eat and drink plus it encourages their parents to bring them out of the house to so¢ializ¢ and play with other children of a similar age. Approximately 6000 children benefited from this. We offer a heavily discounted child minder entry Tate, as we know that being a childmindcr can be quit¢ a lonely forni of work. We have 125 ¢hildminders registered on this scheme, of which many are exlrernely regular users. It gives them an opportunity to get out of the house, in a safe envlronment for the kids in their care to play, whilst they socialise and meet up with liken)inded people. The were approximately 5000 children visits frotn this scheme. giving them the opportunity to mix and develop social skills with other children whilst learning through play. plus getting valuable exercise. We also offer discount 2 for I discount for Perks card holders Iprimarily for Blue light s¢rvices) which was availed of approximately 1400 times, free birthday passes to birthday children from which 712 children benefited and free enty for staff children which was used 300 times. We provide a heavily discounted entry rate for nurseries, schools, and Clubs. This was availed of 115 times. The children that come with these nurseries. schools and clubs are also provided with free toast and juice, from which over 2300 children benefited. We also provide free parties Iplay, juice, hot meal and dessert) through various competitions and in support of local community groups and clubs. 250 benefited from this. in addition to over 500 free passes which were also provided to local community groups. clubs and fundraisers. We supported a number of local sports Clubs. providing them with high quality football kits and free passes - including Andersonstown Community Football Club.. Lisburn Distillery Football Club and St Johns GAC.
ROAR AND EXPLORE DAIRY FARM LTD Report of the Trustee5 FOR THE YEAR ENDED 31 DECEMBER 2023 FINANCIAL REVIEW Finaiicial position The Statement of Financial Activities for the year ended 31 December 2023 and Balance Sheet as at that date are shown in the attached financial statements. Iiicome from charitable activities for the year to 31 December 2023 is £626,254 (2022: £537,479) which is up £88,775 on the previous year. The charity gratefully received a grant from its parent company of £5,718. Total expenditure for the year is £624,406 (2022:£559,361) which is up £65,045 on th¢ previous year. Nei profit for the year was £7,566 compared to net loss of £6,444 for the previous yeay. The Statement of Financial Position remains healthy with Net Assets of £129,939 of ,which all r¢lales to unrestricted funds. Reserves policy Tlie Board of Trustees has established a policy whei'eby the Unr¢stri¢ted Funds not committed or invested in tangible fixed assets for charity use ('the free reserves,) held by the Company should be between 3 and 6 months of the resources expended. At this level, the Trustees feel that they would be able to continue the current activities of the company. In the event of a significant drop in funding, it would obviously be necessary to consider how the ndIng would be replaced or activities changed. FUTURE PLANS The charity plans to continue to offer its various services to the people in the locality. During 2024, it is our intention to develop a splat ball park aimed at local teenagers and young adults in the area. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Tlie charity is controlled by its goveining document. a deed of trust, and constitutes a limited Company, limited by guarantee, as defined by the Companies Act 2006. The company is governed by a Board of Trustee5 which operates as detailed in the company's governing do¢unient, the Memorandum and Articles of Association. The Board meets between six and eight times per year. The subcommittee, the audit committee, meet on a quarterly basis and the other committees meet as nec¢ssary. A chief executive is appointed by the board to administer the day to day operations of the company and its subsidiaries. To facilitate effective operations the Group chief executive, Mr Seamus O'Prey has delegated authority approved by the trustees for operational matters such as finance, employment and the delivery of its charitable objectives. Recruitment and appointment of neiv truste¢s Due to the nature of tlie charitys work the trustees seek to ensure that these needs are appropriately reflected through the div¢rsity of the trustee body. To enhance the potential pool, trustees are requested to provide a list of their skills (and update it each y¢ar) and in the event of particular skills lacking or being lost due to retirement, individuals are approached to offei. themselves for election. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number N1652507 (Northern Ireland) Registered Charity number 107683 Registered office Ortus 155 Noithumberland Street Belfast BT13 2JF
ROAR AND EXPLORE DAIRY FARM LTD Report of the Trustees FOR THE YEAR KNDED 31 DECEMBER 2023 Reglstered offlce Ortus 155 Northumberland Street Belfast BT13 2JF Trustees J Collins N F Rooney G Ward Auditors M.B.Mc Grady & Co Chartered Accountanls StatOry Auditors Rathmore House 52 St Patricks Avenue Downpatrick Co. Down BT30 6DS STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of Roar and Explore Dairy Farm Ltd for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and Uniled Kingdom A¢¢ounling Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law require5 the trustees to prepare financial slalements for each fmancial year which give a true and fair view of the state of affairs of the charitable Company and of the in¢oming resources and application of resources, including the income and expendIre, of the charilable company for that period. In preparlng tbose fancial statements, the trnstees are required to select suitable accounting policies and then apply them consistently. observe the methods and principl¢s in the Charity SORP. make judgements and estimates thal are reasonable aftd prudent. prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and io enable them to ensure that the financial statements Comply with the Companies Act 2006. They are also responsible for safeguarding Ibe assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other trregularities. In so far as the trnstees are aware.. there is no relevant audit infornialion of which the charitable company's auditors are unaware- and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit infommtion and to establish that the auditors are aware of that informalion. AUDITORS The auditors, M.B.Mc Grady & Co. WAII be proposed for re-appointment al the forthcoming Annual General M¢¢ting.
ROAR AND EXPLORE DAIRY FARM LTD Report of the Truslees FOR THE YEAR ENDED 31 DECEMBER 2023 This report has been prepared in accordance with the special provisions of Part 15 of th¢ Compatiies Act 2006 relating to small companies. Approved by order of the board of trustees on 20 June 2024 and signed on its behalf by.. J Collins - Tnte¢
Report of the Independent Audltors to the Trustees and Member5 of Roar and Explore Dalry Farm Ltd Opinlon We have audited the financxal statements of Roar and Explore Dairy FaTm Ltd (the '¢harAtable compan) for the year ended 31 December 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, in¢luding a swnmary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally A¢¢epted Accounting Practice), including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland,. In our opinion the financial statements: give a true and fair view of the slate of the charitable companYs affairs as at 31 December 2023 and of its incoming resources and appltcation of resources, ineluding ils income and expenditure, for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, in¢luding Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS {UK)) and applicable law. Our r¢sponsibAlities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements seclion of our rq)orl. 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 responsibilities in accordance with these requirements. We bel&¢ve that the audit evidence we have obtained is sutTicient and appropriat¢ to provide a basis for our opinion. Conclusions relatlng to going concern In auditing the finaThcial statements, we have concluded that th¢ trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on tbe work we have performed, we have not identified any material un¢ertainties relatlng to events or conditions that. xndtvidually or collectively, may cast Si8nifLcant doubt on the charitable compangs ability to ¢ontinue as a gotng concern for a period of at least twelve months from when the fmancial statemenls are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other informatlon The trnstees are responsible for the other inforniation. The other infornMtion comprises the inforniation included in the Annual Report, other than the flnancial statements and our Report of th¢ Independent Auditors thereon. Our opinion on the fAnan¢ial statements does not Cover the other infonnation and, except to the extent otherwise explicitly stated in our report, w¢ do not express any form of assurance ¢on¢lusion thereon. In connection with our audit of the financial statements. our responsibility is to read the other information and, in doing so, Consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or othenvise appears to be materially misstaled. If we identify such material inconsistencies or apparent material rnisslatements, we are required to detem)ine whether this gives rise to a material misstatement in the financial statements th¢ms¢lves. If, based on th¢ work we have perfornied, we conclude that there is a material misstatement of this other infom)ation. w¢ are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: the infonnation given in the Report of the Trustees for th¢ financial year for which the financial statements are prepared is consistent with the finan¢ial statements; and the Report of the TnteeS has been prepared in accordance with applicable legal r¢quirements.
Report of the Independent Auditors to the Trustees and Memb¢r$ of Roar and Explore Dairy Farm Ltd MA¢ters on which we are requlred to report by exeeptfion 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 Trustees. We have nothing to report in respect of the following matters where the Companies Act 2006 requlres us to report to you if, in our opinion: adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us. or the financial statements are not 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 infonnation and explanations we require for our audit. or the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepa a Strategic Report or in preparing the Report of the Trust¢¢s. Respon$ibilitles of trustees As explained more fully in the Statement of Ttees, Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfi¢d that they give a true and fair vtew. and for such itttemal Control as the trustees detem]ine is necessary to enable the preparation of financial statements that are free from material misstatement, wh¢th¢r due to fraud or error. In preparing the financial slatemenls, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters relaled to going concern and using the going concem basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realisti¢ alternative but to do so.
Report ofthe llldtpendent Audltors to the Trustees and Member8 of Roar and Explore Dalry Farm Ltd Our respon$lblllties for the audit of the Ilnan¢lal 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 error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material 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 financial ststements. The extent to which our procedures are Capable of detecting irregularities, including fraud is detailed below.. The following are required to be Considered.. - the nature of the industy and sector, control environment and entity perforn)ance' results of our enquir¢s of management, about their own identification and assessment of the risks of irregularities. review of company policies and procedures relating to.. identifying, evaluation and complying with laws and regulations and whether they are aware of instances of noncompliance. detecting and responding to the risks of fraud and whether they have any knowledge of aThy actual, suspected or alleged the int¢mal controls established to mitigate risks of fraud or non-compliance with laws and regulation5' the matters discussed among the audit engagement team and specific component audit teams regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. Because of these procedures, we considered the opportunities and incentives that may exist within the organisalion for fraud and identified the greatest potential for fraud is in relation to completeness of incomes, expenditure not being applied in line with intended pury>oses and the calculation and payment of salaries. In common with all audits under ISAS (UK), we are also required to p¢rfornL specific procedures to respond to th¢ risk of management override. Audit response to risks identifi¢d. The current audit is conducted with professional scepticism using procedures that are in a¢¢ordance with International Standards on Auditing. In responding to the identified key audit matters above we obtsined an understanding of the charity's obj¢cliv¢s and income streams together with the salary calculation and processing proc¢ss, we perfornled enquires of management and insp¢¢t¢d relevant documents and calculations, verifying incomes and expenditures, assessing the Completeness and accuracy of disclosures withtn the financial statements and con¢urred the figures were materially accurate. In addition to the above, our procedures to respond to risks identified include the following: reviewing the full financial statement disclosures and testing to supporting documentation to assess complian¢e with provisions of relevant laws and regulations described as having a direct effe¢t on the financial slalements. - enquiring of management concerns of actual and potential litigation and claims. - performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misslatemenl due to fraud. - reading minutes of meetings of thos¢ charged with governance. and in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments. assessing whether the judgements made in making accounting estimates are indicative of a potential bias. and evaluating the business rationale of any significant transactions ihat are unusual or outside the nornial course of busines5. 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 lo any indications of fraud or noncompliance with laws and regulations throughout the audit. A further description of our responsibiltties for ihe audit of the financial slalements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsr¢sponsibiliti¢s. This description forms part of our Reporl of the Independent Auditors.
Report of the Independent Auditors to the Trustees and Members of Roar #lld Explore Dalry Farm Ltd Use of our report This report is made solely to the charitable ¢ompany'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 state to the charltable company's members those matters we are required lo slate to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitsble company's members as a body, for ow audit work. for this r¢port. or for the opinions we have fonned. Malachy dy(S lor Sta for and on b f ofM.B.Mc Chartered Accountants Statutory Auditors Rathmore House 52 St Patricks Avenue Downpatrick Co. Down BT30 6DS lo uditoi) 21 June 2024
ROAR AND EXPLORE DAIRY FARM LTD Statement of Financial Activities FOR THE YEAR ENDED 31 DECEMBER 2023 31112123 Unrestricted lund 31112122 Total funds Note5 INCOME ATr4D EIYDOWMENTS FROM Charitable activitie5 Chartitabl¢ activiti¢s 626,254 537,479 Other trading activities 5,718 15,438 Total 631,972 552,917 EXPEIYDITUKE ON Charltable actlvitles Chartilable activities 624,406 559,361 NET INCOMEI(EXPENDITURE) 7,566 (6,444) RECONCILIATION OF FUNDS Total funds brought forward 122J73 128.817 TOTAL FUNDS CARiiIED FORWARD 129,939 122,373 The noles fonn part of these financial statements
ROAR AND EXPLORE DAIRY FARM LTD Balanee Sheet 31 DECEMBER 2023 31112123 Unre$trl¢ted fund 31112122 Total funds Iyotes FIXED ASSETS Tangible ass¢ls io 115,157 114,634 CURRENT ASSETS Sto¢ks Debtors Cath at bank 5,000 7,954 76,011 2,300 3,803 133,596 12 88,965 139,699 CREDITORS Amounts falling due within one year 13 (56,732) (104,742) NET CURRENT ASSETS 32,233 34.957 TOTAL ASSETS LESS CURRENT LIABILITIES 147,390 149,591 CREDITORS Amounts falling due after more than one year 14 (17,451) (27,218) IYET ASSETS 129,939 122,373 FUNDS Unrestricted fiinds 16 129939 122,373 TOTAL FUNDS 129,939 122,373 These financial statements have been prepared in accordance with the provisions applicable to Charitable Companies subject lo the small companies regime. The finan¢i81 statements were approved by the Board of Trustees and authorised for issue on 20 June 2024 and were signed on ils behalf by: J Collins- Trnstee The notes forni part of these financial statements io
ROAR AND EXPLORE DAIRY FARM LTD Cash Floiv Statement FOR THK YEAR ENDED 31 DECEMBER 2023 31112123 31112122 Notes Cash floiv5 from operatftng actlvltles Cash generated from operations Inter¢st paid (35,580) (877) (20,377) (990) Net cash used in operatlng activities (36,457) (21,367) Cash floivs from inves¢ing activlties Purchase of tangible fixed assets {10,200) Net Cash (used in)/provided by investing activities {10,200) Cash flows from finan¢ing A¢tlvltles Loan repayments in year {9,768) (9,654) Net cash used in financing a¢tivities {9,768) (9.654) Change in cash and e#$h equlvalents in the reportlng perlod Cash and cash equivalents at the beginning of the reporting period {56,425) (31,021) 131,960 162.981 Cash and cash equivalents at the end of the repor¢ing period 75,535 131,960 The noles form part of these financial statements
ROAR AND EXPLORE DAIRY FARM LTD Notes to the Cash Flow StAtement FOR THE YEAR ENDED 31 DECKMBER 2023 REI CONCILIATION OF NET INCOMEI(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES 31112123 31112122 Net Incomel{expenditure) for the reporting period (as per the Statement of Vlnanclal Activities) Adjustments for: Depreciation charges Interest paid Increase in stocks Increase in debtors Decrease in creditors 7,566 (6,444) 9,678 877 (2,700) (4,151) (46,850) 19.355 990 (3,238) (31,040) Net cash used in operatloll$ (35,580) (20.377) ANALYSIS OF CASH AND CASH EQUIVALENTS 31112123 31112122 Notice deposits (less than 3 months) Overdrafts included in bank loans and overdrafts falling due within one year 76,011 (476) 133.596 {1,636) Totsl cash and cash equivalents 75,535 131,960 ANALYSIS OF CHANGES IN NET FUNDS At 111123 Cash flow At 31112123 Net cash Cash at bank Bank overdraft 133596 (1,636) (57,585) 1,160 76,011 (476} 131,960 (56,425) 75,535 Debt Debts falling due within l year Debts falling due after l year {io,000) {27,218) {io,000) (17,451) 9,767 (37,218) 9,767 (27,451) Total 94,742 (46,658) 48,084 The notes forni part of these financial ststements 12
ROAR AND EXPLORE DAIRY FARM LTD Notes to the Finanel#l StAt¢ments FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES Ba$1$ of preparfing the financial stAt¢ments The financial statements of the charitable company, which is a public benefit enlity under FRS 102, have been pr¢pared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to ¢harilies preparlng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, FÉnancial Reporting Standard 102 'The Financial Reporting Standard 8ppli¢able in the UK and Republic of Ireland, and the Companies Act 2006. The financial slalements have been prepar under the historical cosl convention. Income All income As recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it ts probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recogT>ised as expenditure 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 lIablY. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where cosls cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. TaDgibl¢ fixed assets Depreciation is provided &t the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery Fixtur¢s and fittings IOO/o on cost IOO/o on cost Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Taxation The charity is exempt from cotporation lax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitsble objectives at the discretion of the Irustees. Restricted fimds can only b¢ used for particular r¢strict¢d purposes within the objects of the charity. R¢strictions arise when specifked by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial slatements. Hlre purchase and le8slng commitments Rentals paid under operating leases are charged to tbe Statement of Financial Activities on a straight line basis over the period of the lease. Pension costs and other post-retirement beneflts The charitable company operates a defined contribution pension scheme. Contributions payable to the ¢haritable company's pension scheme charged to the Statement of Financial Activities in the period to which they relate. 13 continued...
ROAR AND EXPLORE DAIRY FARM LTD Notes to the Financial Stat¢ments - contlnued FOR THE YEAR ENDED 31 DECEMBER 2023 OTHER TRADING ACTIVITIES 31112123 31112122 Government Covid grants Grants from parent company 10,000 5,438 5,718 5,718 15,438 INCOME FROM CHARITABLE AcfivITIES 31112123 31112122 Activity Chartitsble a¢tivities Chartitable aclivities Entry ftes Cafe & ice cream sales 283,664 342,590 274,184 263,295 626,254 537,479 CHAIUTABLE ACTIVITIES COSTS Support ¢ost$ (see note 5) Direct Costs Totals Chartitable ac¢ivili¢s 620,906 3,500 624,406 SUPPORT COSTS Governance costs Chartitable activities 3,500 NET INCOMEI{EXPENDITURK) Net incomel(exp¢nditur¢) is ststed after charging/(crediting).' 31112123 31112122 Audit fees Depreciation- owned assets Purchases Rent & service charges 3,500 9,677 193,915 29,110 3,500 19,355 160,777 29,272 14 continued...
ROAR AND EXPLORE DAIRY FARM LTD Notes to the Flnancfial Statements - continued FOR THE YEèiR ENDED 31 DECEMBER 2023 TRUSTEES, REMUNERATION AND BENEFITS There were no trnstees, remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022. Tru$tees' expenses There were no trustees, expenses paid for the year ¢nd¢d 31 December 2023 nor for th¢ year ended 31 December 2022. STAFF COSTS 31112123 31112n2 Wages and salaries Social security costs Other pension costs 288,028 10,408 3,219 251,724 8.845 2,058 301,655 262,627 The average monthly number of employees during the year was as follows.. 31112123 21 31112122 20 Full & part-time employees No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestrieted fund INCOME AND ENDOWMENTS FROM CharltabIe actlvities Chartitable activities 537,479 Other trading activities 15.438 Total 552,917 EXPENDITURE ON Charitable activities Chartllable activities 559,361 NET INCOMEI{EXPENDrfuRE) (6,444) RECONCILIATKON OF Fuf+lDS Total funds brought forward 128,817 TOTAL FUNDS CARRIED FORWARD 122,373 15 continued...
ROAR AND EXPLORE DAIRY FARM LTD Notes to the Financial St*t¢m¢nts - continued FOR THE YEAR EP4DKD 31 DECEMBER 2023 io. TANGIBLE FIXED ASSETS Fixtures nd rittings Short leasehold Plant and mathlnery Totals COST At l January 2023 Additions 133,141 60,411 193,552 10,200 10,200 At 31 December 2023 10,200 133,141 60,411 203,752 DEPRECIATION At l January 2023 Charge for year 59,913 6,657 19,005 3,020 78,918 9,677 At 31 December 2023 66,570 22,025 88,595 NET BOOK VALUE At 31 De¢ember 2023 10,200 66,571 38,386 115,157 At 31 December 2022 73,228 41,406 114,634 ii. STOCKS 31112123 31112122 Stocks 5,000 2,300 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31112123 31112122 Trade debtors Other debtors 814 7,140 149 3,654 7,954 3,803 16 continued...
ROAR AND EXPLORE DAIRY FARM LTD Notes to the Fin3n¢lal Statements- contlnued FOR THE YEAR ENDED 31 DECEMBER 2023 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31112123 31112122 Bank loans and overdrafts (see note 15) Trade creditors Social security and other tsxes VAT Other creditors Accruals and defrrred income 10,476 20,744 (3,279) 15,964 12,827 11.636 29,754 (3,185) 11.295 11,490 43,752 56,732 104,742 14. CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 31112123 31112122 Bank loans (see note 15) 17,451 27,218 15. LOANS An analysis of the maturity of loans is given below: 31112123 31112122 Amounts falling due within one year on demand.. Bank overdrafts Bank loans 476 10,000 1,636 10,000 10,476 11,636 Amounts falling between OTh¢ and two years". Bank loans - 1-5 years 17,451 27,218 16. MOVEMENT IN FUNDS Net movement in fund$ At 31112123 At 111123 Unrestricted funds General fund 122J73 7,566 129,939 TOTAL FUNDS 122.373 7,566 129,939 17 ontinued..
ROAR AND EXPLORE DAIRY FARM LTD Note$ to the Flnanclal Statements - contlnued FOR THE YEAR ENDED 31 DECEMBER 2023 16. MOVEMENT IN FUNDS - continued Net movement in nds, included in the above are as follows: Incoming resourees Resouree$ expended Movement in funds Unrestricted fund$ General fimd 631,972 {624,406) 7,566 TOTAL FUNDS 631,972 {624,406) 7,566 ComparatEves for movement fin funds Net movement In funds At 31112122 At 111122 Unrestricted funds General fund 128,817 (6,444) 122,373 TOTAL FUNDS 128,817 (6,444) 122,373 Comparative net movement in fids, included in th¢ above are as follows: Incoming resour¢e$ Resource$ expended Movement in funds Unrestrlcted funds General fimd 552.917 (559,361) (6,444) TOTAL FUNDS 552,917 (559,361) (6,444) A current year 12 months and prior year 12 months combined posilion is as follows: Net movement In funds At 31112123 At 111122 Unrestricted fund$ General fund 128,817 1,122 129.939 TOTAL FUNDS 128.817 1,122 129,939 18 continued...
ROAR AND EXPLORE DAIRY FARM LTD Noles to the FlnAnelal Statements - continued FOR THE YEAR ENDED 31 DECKMBER 2023 16. MOVEMENT IN FUNDS - contlnued A current year l2 months and prior year 12 months combined nel movement in funds. Included in the above are as follows.. Incomlng resources Resources expended Movement fin funds Unrestrlcted funds General fimd 1,184,889 (1,183,767) 1,122 TOTAL FUNDS 1,184,889 (1.183,767) 1,122 17. RELATED PARTY DISCLOSURES The company rents its premises from which it operates from ils parent company. West Belfast Enterprise Board Limited. During the year the company paid rent and servi¢e charges to to its parent totalling £29,110 (2022.. £29,272) Th¢ parent company also provides management staff to the charity and recharges the associated Cost which totalled £53,488 {2022.' £52,017). In¢lud¢d in creditors at the year-end are amounts owed to the parent totalling £8,044 (2022: £43,752) 18. ULTIMATE CONTROLLING PARTY West Belfast EnterISe Board Limited (Comapany number: N1021888, Charity number.. 103129} a charitable company is the parent company of Roar & Explore Dairy Fann Limited and accordingly is d¢t¢rniined to be the ultimate Controlling paty. 19