A Safe Space To Be Me Ltd Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2023 2023 Restricted funds Total funds 2022 Unrestricted funds Total funds Note Income and endowments Donations and legacies Charitable activities Other income 6,264 20,825 98,572 104,836 20,825 144,381 10,556 16,415 171,352 Total Income 27,089 98,572 125,661 Exp8ndlture Expenditure on charitable activities Total expendlture 57.953 81,501 139,454 175,532 175,532 57,953 81,501 139,746 Net {expendlturelllncome and net movement In fund8 (30,864) 17,071 {13,793) (4,180) Reconclllatlon of fund8 Total funds brought fonvard Total funds carrled fOard 27,414 23,481 50,895 55,076 (3,450) 40,552 37,102 50,895 The ststement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 7 to 16 fom part of these financial statement8.
A Safe Space To Be Me Ltd Company Llmlted by Guarant•• Statem•nt ol Flnanclal Poslllon 31 March 2023 2023 2tY22 Flx•d ••MI• TwYJbh faed au6ts Curr•nl ••i•ts Cash al bonk •MI In hand 13 Xl.987 32,613 21.185 40,626 Cr•dltor•: •mounl• fdlllng du• Tthln on• N•t currnnt ••vt• 14 8,&88 12.617 12,933 27,693 Tot•1 curr•nt N•blln 43.604 Cr•dllorn'. •mount• hlllnq dlw aft•r m4x• th•n on• y••r 15 8.503 9.410 37,101 60.896 Fundi of th• ¢h•rfty ReslrfGled lund5 Unre81rklwJ funds Tot•1 ¢h•rlty fundb 40.$51 {3,4501 37.101 23.481 27,414 17 S).895 For th• 31 Marth 2f23 tho chlty w•8 tt ftrffi I1 undor 8e¢lth 477 Dlreclorn, reArAThlbIIl: Th• rn•mb not l¢quj lh• cixnpany lo athl of 1mnts ieA th• Th• ocknothg• ttir for complWr¥J wllh t requireménts ol th• vlth reswcl lo ac(umling records and the ol financlal $tstements. ¢(¥np8nt•s wbJect lo the gmdf ¢(xmrAnloJ' r•gkn Thes• Ibw%lol ilalwtwnls ww• •pyofftl ty th• iJd crf tnffjt••J aulhfMl$•d ky •u• ¢Yb11 DKbor202J, •r• swned belwll (rffv tAJord bt. Hford TnJ$l¢¢ Th• no* on p•oM 7 10 16torni pwtdth•8• Iln•nef•l •tsl•m•nts.
A Safe Space To Be Me Ltd Company Limited by Guarantse ststement of Cash Flows Year ended 31 March 2023 2023 2022 Cash flows from operating activities Net (expenditure)lincome (13,793) (4,180) Adjustments for Depreciation of tangible fixed assets Interest payable and similar charges Other operating cash flow adjustment 7,747 8,153 372 Changes in.. Trade and other creditors (4365) {10,411) 5,343 Cash generated from operations 9,688 Interest paid Net cash from operating activities {372) 9,316 (10,411) Cash flows from investing activities Purchase of tangible assets Net cash used in investing activities (6,121) (6,121) 1861) 1861) Cash flows from flnanclng actlvltles Proceeds from borrowings Net cash (used in)Ifrom financing activities (2,909) (2,909) (2,133) (2,133) Net increase in cash and cash equlvalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year (19,441) 40,626 21,185 6,322 34,304 40,626 The note8 on pages 7 to 16 forni part of these financlal statements.
A Safe Space To Be Me Ltd Company Limited by Guarantse Notes to the Financial Statements Year ended 31 March 2023 General Infomiatlon The charity is a public benefit entity and a private company limited by guarantee, registered in Northerrn Ireland and a registered charity in Northern Ireland. The address of the registered ofrice is 22 Market Square, Antrim, BT414DT. Statement of compllance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement 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) (Charities SORP (FRS 102)) and the Companies Act 2006. Accountlng pollcle8 Basls of preparatlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial ststements are prepared in sterling, which is the functional currency of the entity. Golng concern There are no material uncertainties about the charity's ability to continue. Fund accountlng Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment funds.
A Safe Space To Be Me Ltd Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2022 Accounting policies (contlnu Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities. events, non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Accounts are prepared to the penny. Reporting to the nearest £ results in some roundings. All totals are correct. Tanglble assets Tangible assets a initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
A Safe Space To Be Me Ltd Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2023 Accounting policies (contlnued) Tangible assets (contlnued) An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gain5 and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows.. Equipment 20 % reducing balance Impaimient of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Financlal Instruments A financial asset or a financial liability is recognised only when the charity becomes a paty to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost.
A Safe Space To Be Me Ltd Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2023 Accountlng pollcles (contlnued) Flnanclal Instruments (contlnuedj Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments a subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an Impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impaimient are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Deflned contrlbutlon plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. Ien contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expensè in the period in which it arises. Llmlted by guarantee The company is limited by guarantee and has no share capital. The liability of each member in the event of winding-up is limited to £1. 10
A Safe Space To Be Me Ltd Company Limited by Guarantse Notss to the Financial Statements (contlnu•d) Year ended 31 March 2023 Donation8 and legacles Unrestricted Funds Restricted Total Funds Funds 2023 Donatlons Donations 6,264 6,264 Grants National Lottery Antrim & Newtownabbey Borough Council (Various) Clear Pharmacy Clanmil 82,862 9,450 4,000 2,260 98,572 82,862 9,450 4,000 2,260 6,264 104,836 Unrestricted Funds Restricted Total Funds Funds 2022 Donatlon8 Donations 5,492 5,492 Grants Antrim Community Fund National Lottery Antrim & Newtownabbey Borough Council (Various) Education Authority Hubbob Clear Pharmacy 29,638 29,638 66,874 31,377 8,000 3,000 66,874 31,377 8,000 3,000 35,130 109,251 144,381 Charltable actlvltle8 Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Cafe Takings & Room Hire Trainingmorkshops Contracted Work 10,712 5,073 5,040 20,825 10,712 5,073 5,040 5,351 1,740 3,465 5,351 1,740 3,465 10.556 20,825 10,556 11
A Safe Space To Be Me Ltd Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2022 Other Income Unrestricted Funds Restricted Total Funds Funds 2023 HMRC CJRS & Invest Nl Covid Grant Unrestricted Funds Restricted Total Funds Funds 2022 HMRC CJRS & Invest Nl Covid Grant 16,058 357 16,415 12
A Safe Space To Be Me Ltd Company Limited by Guarantee Notes to the Financial Statements (contlnu•d) Year ended 31 March 2023 Expendlture on charltable actlvltl88 by fund type Unrestricted Funds Restricted Total Funds Funds 2023 Charitable activities Support & governance costs 52,253 5,700 78,678 2,823 130,931 8,523 57,953 81,501 139,454 Unrestricted Funds Restricted Total Funds Funds 2022 Charitable activities, support & governance costs 60,480 115,053 175,532 Net (expendltur8)Ilncome Net (expenditure)lincome is stated after chargingl{crediting}'. 2023 2022 Depreciation of tangible fixed assets 7,747 8,153 10. Independent 8xamlnatlon fe88 2023 2022 Fees payable to the independent examiner for.. Independent examination of the financial statements 1,608 1,600 11, Staff costs The average head count of employees during the year was 212022.. 5). The average number of full-time equivalent employees during the year is analysed as follows.. 2023 No. 2022 No. Number of staff No employee received employee benefits of more than £60,000 during the year {2022: Nil). Unrestricted 2023 7,439 Restricted 2023 Totsl 2023 2022 Wages & Salaries 13,827 21,266 42,250 13
A Safe Space To Be Me Ltd Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2022 12. Trustee remuneratlon and expen888 No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. One trustee received payment for professional or other services supplied to the charity totalling £748.46 including reimbursement of expenses. One trustee received payment of £2,109.69 for reimbursement of expenses or professional services. One trustee received £4,320 payment for professional services supplied to the charity including reimbursement of any expenses. 13. Tanglble flx8d a888ts Equlpment Cost At 1 April 2022 Additions 50,742 6,121 At 31 March 2023 56,863 Depreclatlon At 1 April 2022 Charge for the year At 31 March 2023 18,129 7,747 25,876 Carrylng amount At 31 March 2023 30,987 At 31 March 2022 32,613 14. Credltor8: amounts falllng due wlthln one year 2022 2022 Bank loans and overdrafts Trade creditors Social security and other taxes Other creditors (includes a Trustee loan of £2500 at incorporation) 3,457 3,457 4,565 1,022 3,889 1,264 3,847 8,568 12,933 14
A Safe Space To Be Me Ltd Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2023 15. Creditors: amounts falling due after more than one year 2023 2022 Bank loans and overdrafts 6,504 9,410 16. Penslons and other post retirement benefits Defined contributlon plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £0 (2022.. £21). 17. Analysis of charitable funds Unrestrfcted funds At 31 March 202 At 1 April 2022 Income Expenditure General funds 27,414 27,089 (57,953) {3,450) At 31 March 202 At 1 April 2021 Income Expenditure General funds 26.150 61,744 (60,480) 27,414 Restricted funds At J1 March 202 At 1 April 2022 Income Expenditure Restricted Fund 23,481 98,572 (81,501) 40,552 At 31 March 202 At 1 April 2021 Income Expenditure Restricted Fund 28,926 109,608 (115,053) 23,481 15
A Safe Space To Be Me Ltd Company Limitsd by Guarantee Notes to the Financial Statements (¢ontlnued) Year ended 31 March 2022 18. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Net a888ts 30,987 10,828 (1,264) 30,987 21,185 {8,568} (6,503) 37,101 10,357 {7,3041 {6,5031 {3,4501 40,551 Unrestricted Funds Restricted Totsl Funds Funds 2022 Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Net a88et8 32,613 14,734 (10,523) (9,410) 27,414 32,613 40,626 (12,934) {9,410) 50,895 25,892 (2411) 23,481 16
A Safe Space To Be Me Ltd Company Limitsd by Guarantee Management Information Year ended 31 March 2023 The followlng page8 do not fomi part of the flnanclal 8tatement8. 17
A Safe Space To Be Me Ltd Company Limitsd by Guarantee Detsiled Ststement of Financial Activities Year ended 31 March 2023 2022 2022 Income and endowments Donatlons and18gacles Donations Antrim Community Fund National Lottery Antrim & Newtownabbey Borough Council (Various) Education Authority Hubbob Clear Clanmil 6,264 5.492 29,638 66,874 31,377 8,000 3,000 82,862 9,450 4,000 2,260 104,836 144,381 Charltable actlvltle8 Cafe Takings & Room Hire Traininglworkshops Contracted Work 10,712 5,073 5,040 5,351 1,740 3,465 10,556 20,825 Other Income HMRC CJRS & Invest Nl Covid Grant 16,415 Total Income 125,661 171,352 18
A Safe Space To Be Me Ltd Company Limited by Guarantee Detailed Statement of Financial Activities {contlnutd) Year ended 31 March 2023 2023 2022 Expendlture on charltable actlvltles Wages and salaries Pension costs Rent Rates and water Light and heat Repairs and maintenance Insurance Other motorltravel costs- outside transport companies Legal and professional fees Telephone Other office costs Depreciation Interest on bank loans and overdrafts Other interest payable and similar charges Cafe purchases & Expenses Sessional Work Training Community Food Provision Other Family Help Provision Volunteer Expenses Activities & Events Advertisinglmarketing 21,266 42,250 21 28,750 282 7,051 161 2,921 1,318 4,379 1,425 10,306 8,153 263 109 9,327 12,029 4,215 14,098 5,133 7,272 12,598 3,471 175,532 29,375 296 9,565 3,617 2,580 50 8,523 1,673 6,779 7,747 289 168 8,862 4,960 4,978 1,521 1,892 8,943 14,012 2,358 139,454 Total expendlture 139,454 175,532 Net (expendlture)Ilncome (13,793) (4,180) 19