2022-09-30-accounts

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Company registration number: NI648017

All Lives Are Precious Ltd Company limited by guarantee

Unaudited financial statements

30 September 2022

Eamonn P. McGrady & Co Chartered Accountants & Registered Auditors 21a Market Street Downpatrick Co Down BT30 6LP

Tel: [phone] Email: [e-mail]

All Lives Are Precious Ltd Company limited by guarantee

Contents

	Page
Directors and other information	1
Directors report	2
Accountant's report	3
Statement of financial activities	4
Statement of financial position	5 - 6
Notes to the financial statements	7 - 10

All Lives Are Precious Ltd Company limited by guarantee

Directors and other information

Directors

Mr Ronan Gilchrist Mr Peter Cunliffe Mrs Bronagh Reid Mrs Roisin Hampton Mr Eamonn McGrath Mrs Aisleen Teresa McMenamin Resigned 1st April 2023

Company number NI648017 Registered office Unit 16 Down Business Centre 46 Belfast Road Downpatrick Co Down BT30 9UP Accountant Eamonn P. McGrady & Co 21a Market Street Downpatrick Co Down BT30 6LP Bankers Bank of Ireland 1 Donegall Square South Belfast BT1 5LR

Page 1

All Lives Are Precious Ltd Company limited by guarantee

Directors report Year ended 30 September 2022

The directors present their report and the unaudited financial statements of the company for the year ended 30 September 2022.

Directors

The directors who served the company during the year were as follows:

Mr Ronan Gilchrist Mr Peter Cunliffe Mrs Bronagh Reid Mrs Roisin Hampton Mr Eamonn McGrath Mrs Aisleen Teresa McMenamin

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 26 June 2023 and signed on behalf of the board by:

Page 2

All Lives Are Precious Ltd Company limited by guarantee

Report to the board of directors on the preparation of the unaudited statutory financial statements of All Lives Are Precious Ltd Year ended 30 September 2022

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of All Lives Are Precious Ltd for the year ended 30 September 2022 which comprise the statement of financial activities, statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of Chartered Accountants Ireland , I am subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.

This report is made solely to the board of directors of All Lives Are Precious Ltd, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of All Lives Are Precious Ltd and state those matters that we have agreed to state to the board of directors of All Lives Are Precious Ltd as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than All Lives Are Precious Ltd and its board of directors as a body for my work or for this report.

It is your duty to ensure that All Lives Are Precious Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of All Lives Are Precious Ltd. You consider that All Lives Are Precious Ltd is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of All Lives Are Precious Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

Eamonn P. McGrady & Co Chartered Accountants & Registered Auditors

21a Market Street Downpatrick Co Down BT30 6LP

26 June 2023

Page 3

All Lives Are Precious Ltd Company limited by guarantee

Statement of financial activities Year ended 30 September 2022

				2022	2021
	Note			£	£
		Restricted	Unrestricted	Total	Total
		Funds	Funds	Funds	Funds
Income			94,931	94,931	16,359
Fundraising & donations			158,120	158,120	41,926
Grants		32,300		32,300	57,799
Other income			350	350
		32,300	253,401	285,701	116,084
Cost of charitable activities		(32,300)	(2,075)	(34,375)	(31,632)
Fundraising			(66,421)	(66,421)
Salaries			(15,602)	(15,602)	(25,541)
Administrative costs			(100,084)	(100,084)	(62,348)
		(32,300)	(184,182)	(216,482)	(119,521)
Profit/(loss) for the financial year and total					3,437
comprehensive income		-	69,219	69,219

All the activities of the company are from continuing operations.

The notes on pages 7 to 10 form part of these financial statements.

Page 4

All Lives Are Precious Ltd Company limited by guarantee

Statement of financial position 30 September 2022

Note Fixed assets Tangible assets 7 Current assets Debtors 8 Cash at bank and in hand Creditors: amounts falling due within one year 9 Net current assets Total assets less current liabilities Net assets Capital and reserves Reserves Total funds	2022 £ £ 20,930 20,930 11,445 49,337 60,782 ) (2,862 57,920 78,850 78,850 78,850 78,850	2021 £ £ 8,268 8,268 - 4,341 4,341 ) (2,978 1,363 9,631 9,631 9,631 9,631	2021 £ £ 8,268 8,268 - 4,341 4,341 ) (2,978 1,363 9,631 9,631 9,631 9,631
			9,631
			9,631
			9,631
			9,631

For the year ending 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

The notes on pages 7 to 10 form part of these financial statements.

Page 5

All Lives Are Precious Ltd Company limited by guarantee

Statement of financial position (continued)

30 September 2022

These financial statements were approved by the board of directors and authorised for issue on 26 June 2023, and are signed on behalf of the board by:

Mr Ronan Gilchrist Director

Company registration number: NI648017

The notes on pages 7 to 10 form part of these financial statements.

Page 6

All Lives Are Precious Ltd Company limited by guarantee

Notes to the financial statements Year ended 30 September 2022

1. General information

The company is a private company limited by guarantee, registered in Northern Ireland. The address of the registered office is Unit 16 Down Business Centre, 46 Belfast Road, Downpatrick, Co Down, BT30 9UP.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

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. The financial statements are prepared in sterling, which is the functional currency of the entity.

The financial statements have been prepared in accordance with Accounting and Reporting for 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 (FRS102) and the Companies Act 2006.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of financial activities except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.

Tangible assets

Tangible assets are initially recorded at cost, and are 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.

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:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Page 7

All Lives Are Precious Ltd Company limited by guarantee

Notes to the financial statements (continued) Year ended 30 September 2022

Impairment

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.

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 are largely independent of the cash inflows from other assets or groups of assets.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

Government grants are recognised using the accrual model and the performance model.

Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.

Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

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.

4. Limited by guarantee

All Lives Are Precious Ltd is a company limited by guarantee and therefore does not have a share capital.

Page 8

All Lives Are Precious Ltd Company limited by guarantee

Notes to the financial statements (continued) Year ended 30 September 2022

5. Staff costs

The average number of persons employed by the company during the year amounted to 1 (2021: 1).

The aggregate payroll costs incurred during the year were: Wages and salaries Social security costs 6. Profit/loss before taxation Profit/loss before taxation is stated after charging/(crediting): Depreciation of tangible assets 7. Tangible assets Cost At 1 October 2021 Additions At 30 September 2022 Depreciation At 1 October 2021 Charge for the year At 30 September 2022 Carrying amount At 30 September 2022 At 30 September 2021	2022 £ 13,000 2,602 15,602 2022 £ 3,310	2021 £ 24,949 592 25,541 2021 £ 1,669 Total £ 10,001 15,972
		25,973
		1,733 3,310
		5,043
		20,930
		8,268

Page 9

All Lives Are Precious Ltd Company limited by guarantee

Notes to the financial statements (continued) Year ended 30 September 2022

8. Debtors

8. Debtors
Other debtors 9. Creditors: amounts falling due within one year Social security and other taxes Other creditors	2022 £ 11,445 2022 £ 642 2,220 2,862	2021 £ -
		2021 £ 2,018 960
		2,978

Page 10

All Lives Are Precious Ltd Company limited by guarantee

The following pages do not form part of the statutory accounts.

All Lives Are Precious Ltd Company limited by guarantee

Detailed income statement Year ended 30 September 2022

2022 £ Turnover Service provision 98,131 Gifts and donations 44,718 Fundraising 16,937 Africa project - fundraising 96,465 256,251 Cost of sales Project facilitation and community training ) (29,908 Community project costs ) (4,467 Africa project - costs ) (66,421 Consumables and materials - ) (100,796 Gross profit 155,455 Gross profit percentage % 60.7 Overheads Administrative expenses Directors remuneration ) (13,000 Employer's social security contributions ) (2,602 Staff training ) (5,268 Rent payable ) (14,510 Rates - Insurance ) (719 Light and heat ) (602 Repairs and maintenance ) (9,107 Printing, postage and stationery ) (268 Advertising and marketing ) (2,749 Telephone ) (3,580 Computer costs ) (878 Hire of equipment ) (1,059 Motor and travelling expenses ) (8,731 Other events ) (552 Legal and professional ) (1,800 Counselling ) (37,050 Consultancy fees ) (3,443 Accountancy fees ) (2,653 Book-keeper and admin costs ) (1,100 Bank charges ) (296 Uniforms ) (670 General expenses ) (183 Donations and sponsorship ) (1,556 Depreciation of tangible assets ) (3,310

2021 £ 16,359 26,752 15,174 - 58,285 ) (26,681 ) (4,457 - ) (494 ) (31,632 26,653 % 45.7 ) (24,949 ) (592 - ) (5,786 ) (1,745 ) (319 ) (397 ) (6,428 ) (1,213 ) (3,823 ) (2,963 ) (1,318 - ) (2,851 ) (1,494 - ) (15,950 ) (4,331 ) (1,578 ) (2,500 ) (187 ) (5,223 ) (173 ) (2,400 ) (1,669

All Lives Are Precious Ltd Company limited by guarantee

Detailed income statement (continued) Year ended 30 September 2022

2022 £ ) (115,686 Other operating income Grants 29,100 Sundry income 350 29,450 Operating profit/(loss) 69,219 Operating profit/(loss) percentage % 27.0 Profit/(loss) before taxation 69,219	2021 £ ) (87,889 57,799 - 57,799 ) (3,437 % 5.9 ) (3,437