Give Back {Nl) Statement of Financial Activities lincorporating the Income and Expenditure Account) For the Year Ended 31 March 2023 Unrestrirt ed funds Restricted fund5 Total 2023 Total 2022 Income from= Donations Bank interest Total Income 3,089 3,089 Expenditure on: Charitable artivities Support & Governance costs 4.694 4,694 Total expendlture 4.694 4.694 Net dÈficit/surplus for the year (1,6051 (1,605) Transfers between funds Net movement In funds (1.605) {1,605} Reconclllation of funds: Total funds brought forward Fund balance5 at 31 March 2023 11,605) {1,6051 The statement of financia5 activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing actÉvities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
Give Back {Nl) Balance Sheet For the Year Ended 31 March 2023 2023 2022 No Fixed assets Tangible assets 426 426 Current assets Debtors Cash at bank and in hand 815 815 Creditors: amounts falling due within one year {2,846) Net current assets 2,0311 Creditors: amounts falling due after one year: Loans 11,605) Totsl assets less current liabilities Income funds Unrestrirted funds Restricted funds (1,605) Total Charity funds 11.605) The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Att 2006 for the year ended 31 May 2023. No member of the company has deposited a notice, pursuant to settion 476, requiring an audit of these accounts under the requirements of the Companies Act 2006. The trustee5 acknowledge their responsibilities for ensuring that the charty keeps accounting records which comply with settion 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including tts income and expendlture. for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company. These accounts have been prepared in accordan with the provisions applicable to companies. subject to the small companies. regime.
Give Back (Nl) Balance Sheet For the Year Ended 31 March 2023 The financial statements were approved and authorised for issue by the Board on f6 December 2023. Signed on behaFf of the board of trustees Tanya Mccuig Trustee Company Registration No. N1624483 10
Give Back (Nl) Notes to the Financial Statements For the Year Ended 31 March 2023 Summary of significant accounting policies la) General infomiation and basrs of preparation Give Back {Nl) is a private company limited by guarantee, registered in Northern Ireland and a gistered charity in Northern Ireland. The address of the registered office is Unit 189 Moat House, 54 Bloomfield Avenue, Belfast, BT5 SAD. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: 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 IFRS 102) issued on 16 July 2014 {as updated through Update Bulletin I published on 2 February 2016), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FR5 102), the Charities Act (Northern Ireland) 21)08. the Companies Act 2006 and UK Generally Accepted Accounting Practice. The charity has applied Update Bulletin l as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FR5 102 Section IA. The financial statements a prepared on a going concern basis under the hlstorlcal cost conventlon, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. (b) Funds Unrestrlcted funds are available for use at the discretion of the trustee5 in furtherance of the 8eneral objective5 of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the trustee5 for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance wlth specific restrictions Imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specFfic fund. The aim and use of each restrirted fund is set out in the notes to the financial statements. (c) Income reco[tion All incoming resources are included in the Statement of Financial Activrties {SoFAI when the charity is legally entitled to the income after any perforrnance conditions have been met. the amount cart be measured reliably. and it is probable that the income will be received. Voluntary income is received by way of grants. donations and gifts and is included in the full Statement of Financial Activitie5 when receivable. Grants, where entttlement 15 not condÈtional on the delivery of specific performance by the charity. are recognised when the charity becomes unconditionally entitled to the grant. Donated facilities and donated professional servi$ are recognised in income at their fair value when their economic benefit is probable, it can be measured reliabw. and the charity has control over the item. Fair value is determined on the basi5 of the value of the gift to the charity. For example, the
Give Back (Nl) Notes to the Financial Statements For the Year Ended 31 March 2023 amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure. No amount is included in the financial statements for volunteer time in llne with the SORP {FRS 1021. Further detail is given in the Trustee Annual Report. Income derived from events is recognised as eamed (that is. as the related goods or services are provided). Investment income is included when receivable. Income from charitable activities includes income recognised as earned (as the related goods or services are provided> under contract or where entitlement to grant funding is subject specific performance conditions. Grant income included in this category provides funding to support programme activities and is recognised where there is entitlement, probable receipt and the amount can be measured with sufficient reliability. {d) Expendlture recognition All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to thlrd parties, it is probable that the settlement will be quIred, and the amount of the obligation can be measured reliabty. It is categorised under the following headings: Costs of raising funds," Expenditure on charitable activities includes: and other expenditure represents those items not falling into the categories above. Irrecoverable VAT is charged as an expense against the activity for whlch expenditure arose. le) Support costs allocation Support costs are those that assist the work of the charÉty but do not directly represent charitable attivities and include office costs, £overnance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objetts of the chartty. Where support costs cannot be direttly attributed to particular headings, they have been allocated to cost of raising fijnds and expenditure on charitable activities on a ba515 consistent with use of the resources Fund-raising Costs are those incurred in seeking voluntary contributions and do not Include the costs of disseminating information in support of the charitable activities. lfj Tangible fued assets Tangible fixed assets, other than freehold land & buildings, are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets. at rdtes calculated to write off the cost. less estimated residual value, of each asset on a systematic basis over its expected useful life as follows- Fixtures and frttings Computer equipment 20% perannum reducing balance 20% per annum reduang balance 12
Give Back (Nl) Notes to the Financial Ststements For the Year Ended 31 March 2023 (g) Debtors and creditors receivable / payable within one year Debtors and creditors wtth no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. (h) Loans and borrowing5 Loans and borrowings are initially recognised at the transartion price including transaction costs. Subsequently, they are measured at amortised cost using the effettive interest rate method. less impairment. If an arrangement constitutes a finance transaction it is measured at present value. (l) Impairment Assets not measured at fair value are reviewed for any indlcation that the asset may be impaired at each balance sheet date. If such Indication exists. the recoverable amount of the asset, or the asseY5 cash generating unit. is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease. ti) Provislons Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probable that an oufflow of economic benefits will be required in settlement and the amount can be reliably estimated. Ik) Leases Assets acqulred under finance leases a capitalised and depreciated over the shorter of the lease term and the expected useful lrfe of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effertive interest method. The related obligations, net of future finance charges, are included in creditors. Rentals payable and receivable under operating leases are charged to the SOFA on a straight-line basis over the period of the lease. (l) Tax The charity is an exempt charity within the meaning of schedule 3 of the Chartties Act 2011 and is considered to pass the tests set out in Paragraph I Schedule 6 Finance Art 2010 and therefore it meets the definition of charitable company for UK corporation tax purposes. Im) Going concern The financial statements have been prepared on a going Concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserve5 for the charity to be able to continue as a going concern. 13
Give Back (Nl) Notes to the Financial Statements For the Year Ended 31 March 2023 Support & governance costs Unrestricted Restricted 2023 2022 Advertising Light & heat Travel expenses Telephone Subscriptions Printin& postage, stationery Accountancy Computer expenses Sundry expenses Depreciation on office equipment 310 735 1,238 453 185 192 360 1,105 116 310 735 1,238 453 185 192 360 1,105 116 4,694 4,694 Tangible fixed assets Computer equipment Fixtures, fumiture & frttin8S Total At l April 2022 Additions Disposals 426 426 At 31 March 2023 426 426 Depreciation- At l April 2022 Charge forthe year On Disposal At 31 March 2023 Net book value: At 31 March 2023 426 426 At 31 March 2022 14
Give Back (Nl} Notes to the Financial Statements For the Year Ended 31 March 2023 Debtors 2023 2022 Other debtors Creditors: amounts falling due withyn one year 2023 2022 Accruals and deferred income 2,846 2,846 Unrestrlcted funds Balance at 2022 Income Expenditure Transfers Balan at 2023 General funds 3,089 {4.694) 11,605) 3,089 (4.694) {1,605} Trustees None of the trustees lor any person connected with them) received any remuneration or benefits from the charity during the year. Taxation No corporation tax has been provided in these accounts because the incorne of the charity is within the exemption granted by Section 505 of the Income and Corporation Taxes Act 1988. Company limited by guarantee The company is limited by guarantee. The liability of each member 15 limited to £1 each. 15
Give Back (Nl) Notes to the Financial Statements For the Year Ended 31 March 2023 io Related party transactions There were no related party transactions during the year. 16