REGISTERED COMPANY NUMBER.. N1652507 (Northern Ireland) REGISTERED CHARITY NUMBER: 107683 Report of the Trustees and Finoneial Statements for the Year Ended 31 Deeember 2024 ror Roar and Explore Dairy Farm Ltd M.B.Mc Grady& Co Chartered Accountants Stslutory Auditors Ratlunore House 52 St Patricks Avenue Downpatrick Co. Dc¢wn BT30 6DS
Roar and Explore Dairy Farm Ltd Contents of the Financial Statements for the Year Ended 31 Decemb¢r 2024 P4ge Report ol the Trustees I to 3 Report of the Independent Auditors Statement of Financial Activities Ba12nce Sheet Cash Flow Statement 10 Notes to the Ctssh Flow Statement li Notes to the Fin8nciAI Statements 12 to 18
Roar 2nd Explore Dairy Farm Ltd Report of th¢ TrStee3 for th¢ Year Ended 31 Dec¢mb¢r 2024 The trustees wlio ar¢ also directors of th¢ charity for the purposes of the Companies Act 20Q6, present their report with the ffftancial statements of the charity for the y¢ar ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Pra¢ti¢e applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND AcfiviTIES Objectives and aims The Charity's objects ar¢ to provide faci]ities for the inhabitants of the Belfast/Lisburn region without distinction of sex. sexual orienltttion, age, race, abilities, or poliiical or religious opinions, including facilities for children's pl&y and recreation. famtly and community events, me¢tll)gs, classes and other forms of recreation and leisur¢-time o¢¢upation, with the object of improving the conditions of life for the said inhabitants. Public benefit The trusle¢s h3ve read and had regard to the Northern treland Charity Commission'5 Statutory guidancc on Public benefit. ACHIEVEMENTS AND PERFORMANCE ChgfAlable activities In 2024. we contued lo str¢ngthen and expand our 5ervic¢s. ¢tthancing the experiences available to families and young peoplc. Our soft play facilities were upgraded with the addition of new sensory play equipment, 8nd we fvriher invested in The Last Level party and gaming room to cieale a more engaging and enjoyable etLvironment' we also created a neiv welcoming sit in area in the ice cr¢atn parlour. Roar and Explore offers free educational activities ¢very Monday to Thursday, accessible to all childr¢n on site. These sessions include arts and crafts (Colin'5 Crafts), cooking and baking (Ellie's Eals), storytelling, singing and dancing (Rami's Rhymes), and sensory play (Tilly's Twists). Activities run five days per week, with five sessions each day, serving an av¢rage of len children per session. Thts equat¢5 10 approxirnately 12.000 children betkefiting frotn these educational opportunities tbroughout 2024. Each weekday morning, we provide a dis¢ount¢d toddler entry rate alongside free toast and jui¢e for all children. This initiative ensutes children have a nutritious stsrt to the day iyhile encouraging parents to brin8 them out for social inl¢ra¢tion and play. There we around 7,000 children visits benefiting from this provision. Recognisttig that childminding can be tsolating, we offer a heavily discowited enty rate for childmindets. Currently, approximtttely 120 childmtnders are registered. many of whom are regular users. This scheme allows children in their care to play safely and dcvelop social skills. whilc childminders have the chance to coLeCt with pe¢rs. Diiring 2024. this initiative facilitated approximately 3,000 children's visits. We also provide a 2-for-I discount for Perks card holders, primarily benefiting Ihose ITh Blue Light services. which was used approxfftmat¢ly 934 limes. Free bitthday pass¢5 were offered to 788 Ghildren. Discountsd enty rates are available for tkutseri¢s, schools, and clubs, witEL 120 visits re¢orded in 2024. Children att¢nding through these groups also receiv¢d free toast and juice, benefiting around 2,400 children. Additiottally, w¢ support local community groups and clubs by providing free parties. including play, jui¢e. a hot meal. aDd d¢ssert, rea¢hing 300. Over 500 addttional free pass¢s were also di5tribut¢d to communtty 0UpS. Clubs. and fijndraising initiatives. In addition to our permanent and long rU15ng book exchange schem< in 2024 we raTh a Winter Coat and Halloween c0sme scheme. Both of which were a huge success, with hundreds of items exchanged. These programs allowed the community to donate iteins they no longer needed, or new items, which were then made freely available lo those who could benefit from them. These initiattves will be added as a new annal schemes. We fijrther supported local sports organisalions by providing hi8tL-quality football kits and fre¢ enty pass¢s, benefiting clubs including Lamh Dhearg GAA, Rosso. Andersonslovm Community Football Club, Duntnurry Youth Football Cfiub, and St Ji)hns GAC Fundatnentals.
Roar Explore Dairy Farm Ltd Report of the Trustee5 for the Year Ended 31 D¢ccmber 2024 FINANCIAL REVIEW Financial po$itiDn The Siat¢ment of Financial Activities for the year ended 31 December 2024 and B&lance Sheet as at that dale are shown in the attached financial statements. Income from ¢harilable activities for ihe year to 31 December 2024 is £681,230 {2023: £626,254) which is tsp £54,976 on the previous year. Total expenditure for the year is £663,828 (2023'.£ 624,406) which is up £39,422 on the pyevious year. Net profit for the year was £17,402 compared lo £7,566 for the previous y¢3r. The Statement of Financial Position remain5 healthy with Net Assets of £147,341 of ,which all r¢lal¢3 lo unrestri¢ted nds. Reserves poltcy The Board of Trustees h85 established a policy whereby the Unrestricted Funds not ¢ommitt¢d or invested in tangible fixed assets for charity use ('the free Teserves,) held by the Company should be between 3 and 6 months of th¢ resources expended. At this level, th¢ Trustees feel that they would be able to continue the curT¢nl activities of the Company. the event of a silf1¢ant drop in fundin& it would obviously b¢ neeessary to consider how the ndIng would b¢ replaced or activities ehanged. FUTURE PLANS The charlty will continue to deliver and improv¢ its range of services Éo the local Community. In 2025. we plan to expattd by opening a second soft play fa¢ility, specifically designed to support Children and families in the Falls Road area. STRUCTURE, GOVERNANCE AND MANAGEMENT Goveynlng dotttment The charity is ¢ontiolled by its goveming document, a deed of trust. and ¢onStitsJtes a limited company. limited by guarank¢, as defll]ed by the Compani¢s Act 2006. The Company is governed by a Board of Trustees which operates as detailed in lh¢ company's governing do¢umen¢ the Memorandum and Articles of Association. The Board me¢ls between six and eight times p¢r year. The subcommittee. th¢ audit COtnmitt¢e, meet on a quarterly basis and the other ¢onunittees meet as necessary. A cbief executive is appointed by th¢ board 10 &dmitJister the day to d&y operations of the ¢ornpany and its SbsEd1arie$. To facilitate cff¢¢tive operations the Group Chief ¢x¢¢vtive. Mr Seamus O'Pr¢y has delegated authority approved by th¢ truste¢s for operational njatters such as fman¢¢, employment and the delivery of its charitable objectives. Recruitment and appointment of llew trustees Dtse to th¢ nature of the charity's work the trust¢es seek to ensure that these needs are appropriately reflected through the diversity of the tru5t¢e body. To ¢nhance the potential pool. trusle¢s are requested to provide a list of their skills (and update it each year) and in ttle event of parti¢EElar skills lacking or being lost due lo retir¢ment, individuals are approached to offer themselves for election. REFERENCE AP4D ADMINISTRATIVE DKTAILS Reglstered Company Dumber N1652507 (Northern Ireland) Registered Chgrlty number 107683 Registered office Ottus 155 Northumb¢rland Stree¢ Belfast BT13 2JF
Roar And Explore Dairy FArm Ltd Report of the Trustee5 for the Year Ended 31 DeCeber 2024 Trustees J Collins N F Rooney G Ward (deceased 191712025) Auditors M.B.Mc Grady & Co Chartered Accotintanls Stthtory Auditors Rathmore House 52 St Patricks Avenue DownpatrÈck Co. DowrL BT30 6DS STATEMENT OF TRUSTEES, RESPONSIBILITIEI S Th¢ trustees (who are also the directors of Roar and Explore Dairy Farm Ltd for the purposes of ¢ompany law) are responsible for preparing the R¢port of the Trustees and the f]nancial statements in aceordan¢e with applicable law and United Kingdom Accounting Standard5 {Unit¢d Kingdom Getterally A¢cepted Accounting Practice) including Finallcial Reporting Standard 102 "The Financial Reportin(T Standard applicable in the UK and RepubliG of Ireland" Company law requires the tiustees to prepare fmancial statements for each fancial year whkch give a true and fair view of the State of affairs of the charitable company and of the in¢omÉng resources and application of resources, including Ihe income and expenditure, of the charitable company for that period. In preparing thos¢ fancIal statements, th¢ Inte¢S are requir¢d lo select suitable accounting policies and then apply them ronsist¢ntly' observe the methods and principles in Élke Charity SORP- make judgements and estimates that are reasonable and prudent; prepare the flliancial slatemeTEts on the going cortcem basis unless It is inappropriate to presum¢ that th¢ eharilable company will continue in business. The trustees are responsibl¢ for keeping proper accounltn8 records whteh disclose with r¢asoDable accuracy 8t any lime the financial position of the charitable compat2y and lo enable them to ensuTe that the finan¢Éal stal¢m¢nt5 comply with the Companies Act 2006. They aTe also responsible for safegu8rdiDg the assets of the charitabl¢ company and hence for taking reasonable Steps for the prevention and d¢¢¢ction of fraud and other irr¢gulariti¢s. In 50 far as the trustces are aware.. there is no relevant audit inforniatiorn of which the charitable company's auditors ar¢ unaware. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit inforn]ation and to establlsh that the auditors are aware of that inforn]ation. AUDITORS The auditors, M.B.M¢ Grady & Co, will be proposed for r¢-appolntment &t the forthcoming Annual General Meeting. This Teport has been prepared iti accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approve f the board of truste OTh 30 October 2025 and signed on its behalf by- J Collins - Trustee
Report of the liidependen¢ Auditors to the Trustee$ and Members of Roar nnd Explore Dairy Farm Ltd Opinion We have audited the fmancial statements of Roar and Explore Dairy Farm Ltd (th¢ 'charilabl¢ company,) for the year ended 31 December 2024 which comprise the Statement of Fit)ancial A¢livitie4 the Balance Sheet, the Cash Flow Statement and notes to the fujancial statements, in¢luding a summary of s(gnifi¢aut accounting poli¢i¢s. The financial reporting framework that has been applied in their preparailott is applicable law ]d United Kingdom Accounting Siandards (United Kingdom Generally Accepted Accowiting Practtce), including Fihancial Reporting Standard 102 The Financial Reporting StatLdard applicable in the UK and Republic oCEreland'. In our opinion th¢ financial slat¢menls- give a tNe artd fair vi¢w of the stat¢ of the charitable company's affairs as at 31 December 2024 and of its incoming resources and application of resources, includillg ils income and expenditure, for the year then ended- have been prnperly prepared in a¢¢ordan¢e with Uttited Kingdom Generally Accepted A¢counling Practic4 including Financial Reporting Standard 102 'The Finaii¢ial Reporting SLdard applicable in the UK and Republi¢ of Ireland,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for oplnion We conducted our audit itt accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are rther described in th¢ Auditors, responsibilitics for the audit of the financial statements section of our report. We are independent of the Charitsble company in accordance with the ethical requirements that are relevant to our audit of the f&nan¢ial statements ill the UK including the FRC'S EthÈcal Standard, and we have fvlfilled our other ethical responsibilities in accordance with ihese requirements. We beli¢v¢ that the audit evideii¢¢ we have obtained is sufficieiit and appropriate to provide a basis frjr our opinion. Conclusions relating to goÈng coneern tn auditing the fmancial statements, we have Goncluded that the tNslees' use of the going ¢on¢ern basis of a¢¢ounting i the preparation of the financial statements is appropriate. Based on the work we have performed, we hav¢ nol identified Ally material uncertainties relating to ¢vettts or Conditions IhaL individually or colle¢liv¢ly, may cast significant doubt On the eharilable COEllpanYs ability to continue as a going COtL¢ern for a period of at least twelve Jnonths from when the fjnancial ststements are authorised for issije. Our r¢sponsibiliti¢s aThd the responsibilities of the trustees with respect to going concern are described in th¢ relevarLt sections of ihis report. Other iDformation The trttslees are Tesponsible for the other information. The other inlorniation comprises the inforniation included in the Annual Rcpotl other than the flnancial statements and our Report of the Independent Auditors thereon. Our opinion on ihe financial st&temeThts does not cover the other information and, except to the ¢xtent otherwise expLi¢iily stated in our report, we do not ¢xpress any form of assurance Conclusion thereon. tn conn¢¢tion with our audit of the financial statements. our responsibility IS to read the other infornialion and, in doing so, consider whether th¢ other infomiation is materially inconsistent with the fmancial statements or our knowLedge obtained Èn the audit or oih¢rivise appears to be materially misstated. If we identify su¢h material iiiconsistenci¢s or apparent material misstatements, we are required lo delennine whether this giv¢s rise to a material mi5StateEnent in the financial statements themselves. If. based on the work we have performed, we ¢on¢lude that there is a material misstst¢ment of this other infomation. we are required to report that facL We have ELoihing to report in this regard. Oplnions on other tThatters prescribed by the Compatiies Act 20QO In our opinion. based on the work undertaken in the course of the audit.. th¢ information given in the Report of the Trustees for the financial y¢ar for whi¢li Ilie fMiati¢ial statements are prepared is consist¢nt with the ftnanctal statements- aftd the Report of the Trustees has been prep&red in accordance with applicable legal requirements.
Report of the Independent Auditors to the Trustees and Members of Roar and Explore Dairy Farm Ltd Matters on Ivhich we are required lo report by exception In the light of the knowledg¢ and uttderslanding of the rharilable ¢ompany and its enviroTunenl obrained in th¢ ¢our5e of the audit, we have not ideii¢ified mat¢rial misslatemenls in th¢ Report of the Trustees. We have nothing to report in respe¢t of the following matters where the Compani¢s Act 2006 qUireS us to report to you if, in our opinion.. adequalc accounting records hav¢ not be¢n kept or returns adequate for our audit hav¢ nol been received from branches not visited by us. or the fancIal statemenls are not in agreement with the accounting records and returns. or certain disclosures of trustees, remuneration specified by Ihw ar¢ not made. or we have not i'eceived all the inforn)atÉon and explanations we require for our audit-, or th¢ trustees weie not entitled to take advantage of the small comparLies ex¢mption from the requirem¢nt to Prepa a Strategic Report or in Preparing the Report of the Trustees. Responslbilities of trustees As explained more fully in the Ststement of TNstees' Responsibililtes. the tNst¢es (who are also the directors of the charitable company for the purposes of Company law) are responsibl¢ for the preparatlOA of the financial statements and for being satisfied that they give a tnJ¢ and fair view, and for such ititernal control as the In]5t¢es dclermine As necessary to cnabl¢ the preparation of fttsancial slalements that are free from material misslatetnent, whether due to fraud or error. In prep8ring the fJnan¢ial statmenls, the trustees are responsibl¢ for ass¢ssing the charitable eompany's ability to continue as a going conc¢rn, disclosin& as applicable, matters related to going concern and using the going Concern basis of accounting unless the trustees either intend to liquidat¢ the charitable company or to cease operations. or hav¢ no realistic alternativ¢ but to do so.
Report of the Independent Auditors to the Trustees and Members of Roar and Explore Dairy Farm Ltd Our responsibilities for the audit of the fingncial statements Our obje¢tiv¢s are to obtair¢ re3sonable assurance about whether the financial statements as a whole are free from material misslalement, wheiher due lo fraud or error. and lo isstse a Report of th¢ Independeiit Auditors that in¢Lude5 Qur opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit Conducted itt accordance with ISAS (UK) will always delect a ma¢¢Tial misstatement when it exists. Missiatemettls ¢an arise from fraud or error and ore consider¢d mat¢ri81 if, individually or in the aggregate, they could reasonably be expected to infiuence the economic decisions of users taken on the basis of these financial statements. The extent lo whtch our procedures are capabl¢ of detecting irregularities, including fraud is detailed below: The following are required to be considered: - the natur¢ of the industy and sector, control environment and entity performance. - results of our enquires of illanag¢ment, about their oivn identification ond a55¢ssm¢nt of the risks of irregulartties. review of company policÉes and procedures relating to.. idenlÉfying, evaluation and complying with laivs and regulations and whether they are aware of instances of noRcomplianc¢' detecting and responding lo the risks of frdud and whether they have any knowledge of any actual. suspected or alleged the itit¢mal ¢ontrols established to mitigate risks of fraud or non-compliattce with laws and regulations. the matters discussed among the audit ¢ngagement team and specific component audit teams r¢8arding how and where fraud might occur in the fmancial statements and any potential indicators of fraud. Because of these proced1es, we considered the opportunities and incentives that may exist within the organisation for fratsd and Identified the greatest potential for fraud is in relatioTh to completenesy of incomes, expendire not beints appli¢d in lin¢ with intended purposes alld the cal¢)Jlation and payment of salaries. In common with all audits under ISAS (UK). Ive are also required to perforni specific proc¢dure5 to respond to th¢ risk of management override. Audit response lo risks identified. The ¢urrent audit is conducred with professional scepticism Using procedures that ar¢ in a¢cordanc¢ with International Standards oil Auditing. In responding to the identified key audit matters above we obtained an understanding of the charitys objectives and income streams tog¢iher with the salary ¢alculation and prrjcessing pro¢ess, we perfomied enquires of management 8nd in5P¢¢ted relevant documents and calculations, verifying incomes and expenditures, assessing the compl¢t¢ness and accuracy of di3closures within the financial statement5 aiid con¢utr¢d the figiires were n)alerially accurate. In addition to the above, our procedures lo respond to risks identified iiiclude the following.. rcviewing the full financial statement disclostsres and testing to supporting documentation to &ssess compliance with provisions of relevant laws and regulatior]s described as having a direct effect on the financial statements. enquiring of nianagement concerns of actttal and potcnlial litigation and elaims- performing allalytical procedures to id¢nlify any unusual or unexpected relationships that may indi¢at¢ risks of material misstatement due to fraud,, reading minutes of Jneetittgs of thos¢ charged with governance. and in addl-essing the risk of fraud through anagement ovetTide of eontrols, testing th¢ appropriatoness of journal entri¢s and other adjusknents; assessing whether the judg¢ents made in maktng accounting estimates are indicative of a potential bias- and evaluating the business rational¢ of ally significant transactions that are unusual or outside the normal course of business. We &lso communicated relevant identified laws and regulotions and potential fraud risks to all engagement team members and significant component audit teams, and remained alert to aiiy indications of fraud or non¢omplian¢e with laws and regulations throughout the audit. A further description of our r¢sponsibilities for the audit of the fJnan¢ial statements is located on the Financial Reporting CourLGiI's website at Wv.frC.Org.uk/aUdit0rSrcSpoTrs1b1llt1cs. This description fom)s part of our Report of the Independent Auditors.
Report of the Independent Auditors to the Trustees and Members or Roar and Ei xplore Dairy Farm Ltd Use of our report This report is made solely to the charitable company's members, a5 a body, in accordance with Chapter 3 of Part 16 of the Compaiiies Act 2006. Our audit work has been undertaken so that we might slate to the charilable company's members those matters we are required to state to them in an aiiditors, report and for no other purpose. To the ftillest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for ihis report. or for the opinions we have formed. Malachy M ady (Senior for aiid on behalf of M.B.Mc Chartered Accounlants Siatulory Auditors Rathmore House 52 Si Patri¢k5 Avenue Downpalrick Co. Down BT30 6DS atulo Auditor) &Co 30 October 2025
Roar and Explor¢ Dairy Farm Ltd stat¢ment of Finaneigl AetiYiti¢s for tlie Year Ended 31 De¢emb¢r 2024 31112n4 Unrestrlcted fund 31112123 Tot21 rund$ Note5 INCOME AND ENDOWMENTS FROM Charltable activities Chartitsble a¢tiviti¢s 681230 626,254 Other trading activities 5,718 Total 681,230 631.972 EXPENDITURE ON Charitable activities Chertitable activities 663,828 624.406 NET INCOME 17,402 7,566 RECONCILIATION OF FUNDS Total fi]nds broiight forward 129.939 122.373 TOTAL FUNDS CARRIED FORWARD 147,341 129,939 The notes forni part of these fmancial stat¢ments
Roar and Ei xplore Dairy F3rm Ltd Balance Sbeel 31 December 2024 31112124 Unrestricted fund 31112123 Total funds Notes FIXED ASSETS Tangibl¢ assets 10 J08,614 115,157 CURRENT ASSETS Stocks Debtors Cash al bat]k li 12 5,000 6,439 96,859 5,000 7,954 76,011 108,298 88.965 CREDITORS Amounts falling due withtn one year 13 (62,184) (56,732) NET CURRENT ASSETS 46,114 32,233 TOTAL ASSETS LESS CURRENT LIABILITIES 154,728 147,390 CREDITORS Amounts fallin8 due after more than one year 14 (7,387) (17,451) NET ASSE¢ TS 147,341 129,939 FUNDS Uiwestrieted funds 16 147,341 129,939 TOTAL FUNDS 147,341 129,939 These fjnancial statement5 have been prepared in accordance with the provisions applicable to charitable companies subje¢t to the small compani¢s regime. The fmancial statements were approved by th¢ Board of Trustees and authoris¢d for issue on 30 October 2025 and were sigrned on its behalf by: J Collins- Trustee The notes fotiTh part of ihese financial stat¢ments
Roar ond Explore Dalry Farm Ltd Cash Flow Statement for thc Year Ended 31 De¢emb¢r 2024 31112n4 31112n3 Note5 Cash flows from operating aetlvities Cash generated ftom operaliot]s Interest Paid 33,653 (580) {35,580) (877) Net cash provided byl(used in) operating activities 33,073 (36,457) Cash flows from investing activities Pur¢has¢ of tangible fixed assets (3,660) (10,200) Net cash used in investing activi¢i¢s {3,660) (10.200) Cash flow5 from financing activities Loan repayrnents in year (10,064) (9,768) Net cash used in financing activities (10,064) (9,768) Change in cash and cssh equivalents in the reporting period C45h and eash equivalertts at tho beginnlng of the reporting period 19,349 (56,425) 75,535 13 l.960 Cash and cash equivalents at the end of the reporting period 94,884 75.535 The notes fonn part of these fJnanGial statements io
Ro4r and Explore Dairy F8rm Ltd Notes to the Cash Flow Statement for th¢ Year Ended 31 Decembtr 2024 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31112n4 31112123 Net income for the reportillg period (as per the Statement of FAnan¢ial Actlvlties) AdJustm¢nts for: Depr¢¢i&tion charg¢s Intetest paid Increase in stocks Decreasel(increase) in d¢btors Increasel(decrease) in creditors 17,402 7.566 10,203 580 9,678 877 {2,700) (4,151) (46,850) 1,5AS 3,953 Net cash provided byl{used In) operations 33,653 (35,580) ANALYSIS OF CASH AND CASH EQUIVALENTS 31112124 31112123 Notice deposits (less than 3 nionths) Overdrafts included in bank loan5 and overdrafis falling due witliin one year 96,859 (1,975) 76.011 (476) Total cash and cash equivalents 94,884 75,535 ANALYSIS OF CHANGES IN NET FUNDS At 111124 Cash now At 31112124 Net cash Cash at bank Bank overdraft 76,011 (476) 20,848 <1,499) 96,8S9 (1?75) 75,535 19,349 94,884 Debt Debts falling due within l year Debis falling due after l year (10,000) (17,451) (10,000) (7,387) 10,064 (27,451) lQ,064 (17,387) Total 48,084 29,413 77,497 The notes form part of these financial statements li
Roar nnd Explore Dftiry Farm Ltd Notcs lo the Fin8neial Statemcnts for the Year Ended 31 December 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial stalem¢nts of the charitable company, which is a public benefit entity under fRS 102, have been prepared in accordance with the Ch81ities SORP (FRS 102) 'Ac¢ow)ting and Reporting by Charilies.. Statement of Recommended Practice applicable to charities preparing their accounts in accordaTrce with the Finan¢i31 Reporting Standard applicable in the UK and Republlc oe ireland (FRS 102) (effe¢tiv¢ l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Iland. and the Companies A¢t 2006. The financial stlltemenls have been prepared under the historical cost ¢onvention. ID¢oJne All iiicome is r¢cognised iii the Stal¢menl of FÈnancial Activities once the charity has entitlement to the thnds, it s probable that the income will be received and the amovnt can b¢ m¢asured reliably. Expeftditure Liabilities are recognised a5 expenditufe as soon as there is a legal or constnjctive obligation Committing ihe charity to that expendibJr¢, it is probable that a transfer of economic benefits will be requtred in settlement and the amount of the obligation can be measured reliably. Expendiwre is accounted for on an ac¢N81s basis 8n4 has been classified uiider headings that aggregate all Cost related to the category. Where Costs cannot b¢ directly attributed to particular headings they have been allocated lo activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following 8nnval rates in order to WTite off each 95set over ils estimated u5efj]I life. Plant and machinery Fixlur¢s and fillings IOO/o on cost 10 /0 on cost Stocks Stocks ar¢ valued at the lower of ¢ost alld net i¢alisable value, after making due allowatkce for obsolete and slow moving items. Taxation The charity is exenipt from corpotation lax on its ¢haritable activities. Fund #ccountiDg Unrestricted funds Can be used in accordance with the charitable objectives at th¢ discretion of the trustees. R¢slricted funds Can oiily be used for particular restricted purposes within (he objects of the charity. Restrictions arise when specifked by Ihe donor or when thnds are raised for particular restricted purposes. Further explanation of tlLe natur¢ and purpose of each fund is included in the notes to the financial statements. Hlre purchase and legsing con)mitments Rentals paid under operating leases are charged lo the Si&tement of Financial Activities on a slraighl line basis over th¢ period of the lease. Pension eosts and Dther post-retlremcnt benefits The charitable eompally operates a defffted contribution pen5101L scheme. Contrtbutions payable to th¢ charitable ¢ompany's pension scheJn¢ are charged to the Sialement of Financial Activities in the period to which they relate. l2 continued...
Roar and Explore Dairy Farm Ltd Notes to the FiDanciil SlatemeRts- continued for the Year Ended 31 December 2024 OTHER TRADING ACTIVITIES 31112124 31112123 Grants from parent Company 5.718 INCOME FROM CHARITABLE ACTIVITIES 31112124 31112123 Activity Chartilable aciivilies Chartilable activities Entry ftes Cafe & ice cream sales 299,479 381,751 283.664 342.590 68J,230 626,254 CHARITABLE ACTIVITIES COSTS Support costs (se¢ note S) Dire¢t Costs Totals Cliartitable activitl¢S 660,126 3,702 663,828 SUPPORT COSTS Governance costs Management Totsls Chartilable activities 202 3,500 3,702 NEIT INCOMEI(EXPENDITURE) Net incomel(¢xpenditure) is stated after charginJts (crediting),. 31112124 31112123 Audit fees Depreciation- owned assets Purchases ReDt & service Charges 500 10,203 216,578 29,110 3.500 9,677 193,915 29,110 13 ontinued...
Roar and Explore Dairy Farm Ltd Note5 to th¢ Financial Stat¢m¢nts - continued ror thc Year Ended 31 Deeember 2024 TRUSTEES, REMUNERATION AND BENEFITS There were no tt'uste¢s' remuneration or other benefits for the year ended 31 De¢ember 2024 nor for the year ended 31 December 2023. Truste¢s' expenses There were no trustees, expenses paid for the year ended 31 December 2024 nor for the year ended 31 De¢ember 2023. STAFF COSTS 31112124 31112123 Wages and salaries Social security costs Other pension costs 308,055 11,584 3,516 288.028 10,408 3.219 323,155 301,655 The average monthly rAumber of employees during the year was as follows: 31112124 21 31112123 21 Full & port-lime employees No employee5 ceIVed emoluments in excess of £60,000. COLVIPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestrleted fund INCOME AND ENDOWMENTS FROM Charitable activities Chartitable a¢tivities 626.254 Other trading activities 5,718 Total 631,972 EXPENDITURE ON Charltable lletivlties Chartilable activiues 624.406 iYET INCOME 7.566 RECONCILIATION OF FUNDS Total fvnds brought forward 122,373 TOTAL FUNDS CARRIED FORWARD 129,939 14 cotttinued...
Roar and Explore Dairy Farm Ltd Notes to the Financial Statements - continucd for the Year Ended 31 December 2024 io. TANGIBLE FIXED ASSETS Fixtures and rittings Short leA$ehold Plant and macliinery Totals COST A¢ l January 2024 Addition5 10,200 133,141 3,660 60,411 203,752 3,660 At 3 1 Deceinber 2024 10,200 136,801 60,411 207,412 DEPRECIATION Al l January 2024 Charge for year 66,570 6.672 22,025 3,021 88,595 10,203 510 Ai 31 Decemb¢r 2024 510 73,242 25,046 98,798 NET BOOK VALUE At 31 December 2024 9,690 63,559 3S,365 108,614 Al 31 December 202J 10,200 66,571 38.386 115,157 ii. STOCKS 31112124 31112123 Stocks 5,000 5,000 12. DEBTORS.. Amourirs FALLING DUE WITHIN ONE YEAR 31n2ll4 31112123 Trade debtor5 Other debtors 376 6,063 814 7,140 6,439 7,954 15 conliiiued...
Roar and Explore Dairy Farm Ltd Notes to the Financial Statements- tontinued for the Year Ellded 31 Decemb¢r2024 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31112124 31112123 Bank loans and overdrafts (sce note 15) Trade creditors Social s¢curity and other taxes 11,975 22,961 (3,421) 13,060 11,177 6,432 10.476 20.744 (3,279) 15,964 12,827 VAT Other creditors Accruals and defetted incotne 62,184 56,732 14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31112124 31112123 Bankloons (see note 15) 7287 17,451 15. LOANS An analysis of the maturity of loans is given below: 31112124 31112123 Amounts falling due within one year on demand.. Bank overdrafts Bank loans 1,975 io,oao 476 10,000 11,975 10,476 Ainounts falling beMeen one and two years.. Bank108ns- 1-5 years 7,387 17,451 16. MOVEMEIYT JEI FUNDS Net movemcnt in fullds At 31112n4 At 111124 Unrestri¢ted fund5 General nd A29,939 17,402 147,341 TOTAL FUNDS 129J39 17,402 147,341 16 continued...
Roar and Explore Dxiry Farm Ltd Notes to the Financial Statements- continued for the Year Ended 31 December 2024 16. MOVEMENT IN FUNDS- continued Net mov¢ment in bjnds, included in the abov¢ are #s follows.. IDeoming resourees Resources expend¢d Movement in lunds Unreytricted funds General fund 681,230 (663,828) 17,402 TOTAL FUNDS 681,230 (663,828) 17,402 Comparatives for moveTneut in funds Net oyement in funds At 31112123 At in123 Unrestricted funds General fund 122,373 7.566 l29.939 TOTAL FUNDS 122,373 7,566 129,939 Comparative Thet moverneiit in funds, includ¢d in the above ar¢ a5 follows.. Ihcoming resources Resources expended Moyement in fun4]s Unrestrleted funds General fid fj31,972 (624.406) 7,566 TOTAL FUNDS 631,972 (624,406) 7,566 A current year 12 monilis and prior year 12 months combined position is as follows.. Net ovement in funds A¢ 3J112124 At 111123 Unrestricted funds General fijnd 122,373 24,968 147,341 TOTAL FUNDS 122,373 24,968 147,341 17 continued...
Roar and Explore Dairy Farm Ltd Note5 to th¢ Financial Statements - continued for the Year Ended 31 December 2024 16. MOVEMENT IN FUNDS- eontinued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Ineoming resources Reyources expended Movement in funds Unrestricted funds General fijiid 1,313.202 (1.288.234) 24,968 TOTAL FUNDS 1,313,202 (1,288,234) 24.968 17. RELATED PARTY DISCLOSURKS Thc company rents its premiscs from which it operates from its parent conipany. West Belfast Enterprise Board Limited. Durittg the yenr the COEnpaiiy paid rcn¢ and seTvice charges to to ils par¢nt totslling £29.110 (2023: £29,110) The parent company also provides managemeiit staff to the charity at]d recharges the associated cost which totalled £63,656 (2023.. £53,488). Included in creditors at the year-end are amounts owed to th¢ parent tolalling £14.133 (2023.. £8,044) 18. ULTtMATE CONTROLLING PARTY West Belfast Enterprise Bollrd Ltmited {Comapany number: N1021888, Charity number.. 103129) a chari¢abl¢ company is ihe parent company of Roar & Explore Dairy Farni Limited and accordingly is d¢teTmined to be the ultimat¢ controlling party. 18