Company Number: N1665042
Charity Number: NIC108216
TM
incredAE)LE
inspire . empower . include
IncredABLE Enterprises
(A company limited by guarantse. not having a share Capital)
Annual Report and Audited Financial Ststements
for the financial year ended 31 March 2023
Daly Park & Company Ltd
Chartered Accountants and Registered Auditors
4 Carnegie Street
Luryan
County Amiagh
BT66 6AS
Northern Ireland

IncredABLE Enterprises
{A company limited by guarantee. not having a share capital)
CONTENTS
Page
Reference and Administrative Information
Trustees, Annual Report
Statement of Trustees, Responsibilities
IndependentAuditor's Report
8-10
Statement of Financial Activities
11
Balance Sheet
12
statement of Cash Flows
13
Notes to the Financial Statements
14-19

IncredABLE Enterprises
(A company limited by guarantse, not having a share capltall
REFERENCE AND ADMINISTRATIVE INFORMATION
Trustees
Edwin Graham
Alan Turtle
Company Secretary
Nigel Hampton
Charity Number in Northern Ireland
NIC108216
Company Number
N1665042
Registered Office and Principal Address
162 Portadown Road
Richhill
Co. Armagh
BT619LJ
Northern Ireland
Auditors
Daly Park & Company Ltd
Chartered Accountants and Règistered Auditors
4 Carnegie Street
Lurgan
County Armagh
BT66 6AS
Northern Ireland
Banke
Danske Bank
4548 High Street
Portadown
Co. Amiagh
BT62 1LB
Northern Ireland

IncredABLE Enterprises
IA company Ilmlted by guarantee, not having a share capltal)
TRUSTEES. ANNUAL REPORT
for the financial year ended 31 March 2023
The trustees present their Trustees, Annual Report, combining the Directors, Report and Trustees, Report, and the
audited financial statements for the financial year ended 31 March 2023.
The financial stslements are prepared in accordan￿ with the Companies Act 2006, FRS 102 "The Financial
Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charilies..
Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
The Trustees, Report contains the infomialion required to be provided in the Trustees, Annual Report under the
Statement of Recommended Practice {SORP) guidelines. The trustees of the charity are also charity Iruslees for the
purpose of charity law and under the charity's constitution are known as members of the board of trustees.
In this report the trustees of IncredABLE Enterprises present a summary of its purpose, governance, activities,
achievements and finances for the financial year 31 March 2023.
The charity is a registered charity and hence the report and results arè presented in a fomi which complies with the
requirements of the Companies Act 2006 and, although not obliged to comply with the Statement of Recommended
Practice applicable in the UK and Republic of Ireland FRS 102, the organisation has implemented tts
recommendations where relevant in these financial statements.
Aims & Objectives
IncredABLE Enterprises empowers individuals wilh leaming difficulties to make choices, discover talents, realise
passions. participate in community and become more independent. The organisation voluntarily runs a number of cafes
that provide training, education and employment opportunities for people with autism andl or leaming
difficulties.
The organisation's aim is to help people with autism andl or learning difficulties to feel supported, valued and included
whilst obtaining employment.
Financial Review
The results for the financial year are set out on page 9 and additional notes are provided showing income and
expenditure in greater detail.
Financial Results
At the end of the financial year the charity has assets of £183,659 (2022 - £165,706) and liabilities of £105,944 {2022
£58,552). The net assets of the charity have decreased by £{29,439).
structure, Governance and management
The charity was set up in October 2019 as a company limtted by guarantee constituted under the Companies Act 2006
and is also registered with the Charity Commission for Northern Ireland as charitable company under ref NIC108216.
The company is governed by its Memorandum and Articles of Association with the principal office of the company
located at 162 Portadown Road. Richhill.
The trustees of the company are its directors for the purposes of charity law. IncredABLE Enterprises is managed by
board of voluntary trustees with expertence working in the charitable sector. Trustees are elected and appointed each
year and can include representatives from some of the regional statutory agencies with experience working with
individuals with autism I learning difficulties. Trustees receive an induction process which includes an explanation of the
current and future plans for activity within the charity and guidance on governance and responsibilities of a trustee.
The day to day management of incredABLE Enterprises is delegated to a management team headed by Nigel
Hampton. CEO. which reports to the Board on a regular basis.
The charily's main risk assessed by the board is ¢ashflow and the ability of the company to meet payments when they
fall due. A reserves policy has been developed to help smooth cashflow pressure in circumstances where funding
eases or is delayed.
Reserves policy
A reserves policy has been formulated to explain the rationale for holding reserves and the level of reseNes that is
appropriate for the charity. The trustees review this on an annual basis and believe a free reserve target of three
months njnning costs would be appropriate, i.e.. Approx. £200,000.

IncredABLE Enterprises
{A company Ilmlted by guarantee, not havlng a share capital)
Achievements
Café incredABLE @ Jethro
Our Café in the Jethro Centre is running strong, open 5 days a week offering made to order meals from a carefully-
crafted menu. Additionally, Café inoredABLE caters for internal Jelhro Centre clients as well as outside groups
regularly, giving participant trainees the opportunity lo learn catering in addition to cooking, setving, using the till, and
more.
Café incredABLE @ Jethro increased the lolal sales by 360/0 for the 2022-23 financial year. serving 18.102 customer
transactions, but most importantly, employing and supporting 7 individuals with a learninglintelleclual disability andlor
autism.
Café incredABLE @ South Lake
Our Itagship Café in South Lake Leisure Centre {SLLC) in Craigavon also continues to shine. We are proud of the
service we offer at SLLC. and we are even more proud that this café, in addition to having become a community hub,
continues to be a place where we offer training, employmenl, and meaningful daytime activity for individuals with a
learninglintellectual disability andlor autism within our café spaces.
Our customer base continues to remain loyal, and we seNe as many people who come lo the South Lake Leisure
Centre just for a coffee or breakfast as we do those who are in the SLLC already for Iheir own purposes and stop by for
refreshment before or after.
Café incredABLE @ South Lake increased the total sales by 100/0 for 2022-23 financial year, serving 135,463 customer
transactions, but most importantly, employing and supported 13 individuals with a learninglintellectual disability andlor
autism.
Café incredABLE @ Banbridge Leisure Centre
Through our Suc￿$$fUl collaboration with Armagh City, Banbridge and Craigavon Borough Council we were awarded
the lender to operate a third café on the firsl floor of Banbridge Leisure Centre and Café incredABLE @ Banbridge
Leisure Centre launched on the 71h November 2022. Our social enterprise cafes have gained traction as a means of
achieving social impact while sustaining a profitable business model. A cafe designed to accommodate individuals with
learningfintellectual disabilities and autism setves as an inclusive space and an employment plalforrn for this
underserved community. This latest development for the charity further extended our geographical reach to another
town within our area of operation and provides much needed additional provision for individuals with a
learninglintellectual disability andlor autism. The café has created seven new jobs and is open seven days a week
serving a range of freshly made hot and cold options as well as in-house catering for events being held within the
centre.
Trustees
The trustees who served throughout the financial year, except as noted. were as follows:
Edwin Graham
Alan Turtle
In accordance with the Constitution. the trustees retire by rotation and, being eligible. offer themselves for re-election.
The secretary who served during the financial year was:
Nigel Hampton

IncredABLE Enterprises
IA company Ilmlted by guarantee, not having a share capitall
Public Benefit
The direct benefits which ftow from our purposes include 3060providing meaningful social, recreational. educational
and daytime activitie5 for individuals with 8 learning or an intellectual disability. We provide young people with an
opportunity and a space lo be creative and learn new skills in a safe. structured enviionmenl, and to have fun doing
it. This improves the wellbeing, self-esleem, and quality of life for people with a learning l inlelleclual disability. We
equip these people with the skills they need lo have meaningful careers, prospects and sgcial engagement. These
benefits are demonslraled through our provision of training and employment and education foi people wilh leaming
disabilities and or aulism. Café ineredABLE has helped these people lo obtain Level One Qualification5 in catering
and hospitality. We have employed some of our café trainees and hope lo employ more who corne through our
Iralning programme.
Our vision is a soelely where individuals with leaming 1 intellectLtal disability and l or autism are supported, valued
and included. People with learning l intellectual disabilities and their carers often require recurring if not lifelong
support. We help to make these people wilh more autonomy and independence. These purposes do not lead to
harm. The charily's beneficiaries are people with a leaming l intellectual disability In the Soulhem Health & Social
Care Irusl area. They also include family members and carers of those who are diagnosed with a learning I
intellectual disability. All members Of the community a￿ welcome in our café and can benefit from our purposes.
Compliance with Sector-wide Legislation and Slandards
The charity engages pro-actively with legislation. standards and codes which are developed for Ihe sector.
IncredA8LE Enlerpiises subscribes lo and is compllant with the following-
The Companies Act 20C6
The Charities SORP (FRS 1021
Auditors
The auditors, Daly Park & Company Ltd. (Chartered A￿OUntants) have indicated their willingness lo continue in
office in accordance with the provisions of Section 485 of the Companies Act 2006.
Approved by the Board of Trustees on 11th DeGember 2023 and signed on its bghalf by:
Alan Turtfe
Trustee

IncredABLE Enterprises
{A company limited by guarantee. not having a sharè capital)
STATEMENT OF TRUSTEES, RESPONSIBILITIES
for the financial year ended 31 March 2023
The trustees, who are also directors of IncredABLE Enterprises for the purposes of company law, are responsible
for preparing the financial statements in accordance with applicable law and regulations.
Compary law requires the Iruslees as the directors lo prepare financial slalements for each financial year. Under
that law the Iruslees have elected to prepare the financial slalemenls in accordance with United Kingdom Generally
Accepted Accounting Praclice (United Kingdom Accounting Standards an¢J applicable law) including FRS 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A {Small Enlities). Under
company law the Iruslees musl not approve the financial statements unless they are satisfied that they give a true
and fair view of the slate of affaifs of the company and of the surplus or deficit of the company for that period.
In preparing these finan¢ial slalemenls. the trustees are required lo..
select suitable accounting policies and apply them consistently..
obseNe the methods and principles in the Charities SORP
make judgements and estimates that are reasonable and pwdenl;
slate whether the finaneial statements have been prepared in accordan￿ wilh the relevant finanaal reporting
framework, identify those standards, and note the effect and the reasons for any material departure from those
slandaids., and
prepare the financial slalemenls on the going ¢on¢ern basis unless it is inappropriate lo presume that the ehanty
will continue in operation.
The Iruslees are responsible for keeping adequate accounllng records that are sufficient to show and explain the
harity's Iransaclions and disclose with ieasonable accuracy at any lime the financial pusilion of thè charity and
enable them to ensure that Ihe financial slaiemenls comply with the Companies Act 2006 and. They are also
responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularities.
In so far as the trnstees are aware..
there is no relevant audit inform81ion linformalion needecl by the charity's auditor in connection wilh preparing
Ihe audilorfs report) of which the charity's auditor is unaware. and
the trustees have taken all the steps Ihal Ihey ought to have taken as Iruslees in order to make themselves
aware of any relevant audit information and lo establish that the charivs auditor 15 aware of that information.
Approved by the Board of Trustees on 11th December 2023 and Signed on its behalf by:
Alan Turtlg
Trustee

INDEPENDENT AUDITOR'S REPORT
to the Members of IncredABLE Enterprises
{A company limited by guarantee, not havlng a share capital)
Report on the audit of the flnancial statements
Opinion
We have audited the charity financial slatemenls of IncredABLE Enterprises {'the charity,) for the financial year
ended 31 March 2023 which comprise the Statement of Financial Activities (incorporating an Income and
Expenditure Account), Ihe Balance Sheet, the Slatemenl of Cash Flows and notes to the financial statements,
including the summary of significant accounting policies set out in note 2. The financial reporting framework that has
been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102
'The Financial Reporting Standard applicable in the UK and Republic of Ireland" applying Section 1A of that
Standard and Accounting and Reporting by Charities.. Statement of Recommended Practi￿ applicable lo charities
preparing their accounts in accordance with FRS 102.
In our opinion. when reporting in accordance with a fair presentation framework the financial statements..
give a true and fair view of the state of the charity's affairs as at 31 March 2023 and of its deficit for the financial
year then ended-,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practi￿., and
have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Acl
(Northern Ireland) 2008.
Basis for opinion
We conducted our audit in accordan￿ with Intemalional Standards on Auditing (UK) (ISAS (UK)) and applicable law.
Our responsibilities under those standards are further described in the Auditor's responsibilitses for the audil of Ihe
financial statements section of our report. We are independent of the charity in accordance with 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 believe that the audit eviden
we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concem
In auditing the financial statements, we have concluded that the trustees. use of the going concem basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating lo events or
conditions Ihat. individually or collectively, may cast significant doubt on the charity's ability to continue as a going
concern ft)r a period of at least twelve months from the date when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respe￿ to going con￿rn are described in the relevanl
sections of this report.
Other Infomation
The other information comprises the information included in the annual report other than the financial statements and
our Auditor's Report thereon. The trustees are responsible frjr the other information contained within the annual
report. Our opinion on the financial statements does not cover the other information and, except to the extent
otherwise explicitly staled in our report, we do not express any form of assurance conclusion thereon.
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 course of the audit, or
otherwise appears to be materially misstated. If we identify such material inconsislencies or apparent material
misstatements, we are required lo determine whether this gives rise to a material misstatement in the financial
statements themselves. If, based on the work we have performed, we condude Ihat there is a material misstatement
of this other infomiation, we are required to report that fact. We have nothing lo report in this regard.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit=
the information given in the Trustees, Annual Report for the financial year for which the financial statements are
prepared is consistent with the financial statements,. and
the Trustees, Annual Report has been prepared in accordance with applicable legal requirements.

INDEPENDENT AUDITOR'S REPORT
to the Members of IncredABLE Enterprises
IA company limited by guarantee. not having a share capital)
Matters on whlch we are required to report by exception
In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit,
we have not idenlified material misslatements in the Trustees, Annual Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to
you if, in our opinion..
adequate accounting records have not been kept-, or
the financial slatements 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 information and explanations we require for our audit., or
the trustees were not entitled to prepare the financial stalements in accordance with the small companies regime
and take advantage of the small companies, exemption in preparing the Trustees. Annual Report.
Responsibilities of trustees for the financlal statements
As explained more fully in the Slatement of Trustees, Responsibilities set out on page 5, the trustees are responsible
for the preparation of the financial statements and for being satisfied that they gtve a true and fair view, and for such
internal control as they determine is necessary to enable the preparation of financial statements that are free from
material misstatement. whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity'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 management either intends to liquidate the charity or to cease operations, or has no realistic
alternalive bul to do so.
Auditor's responsibilities for the audit of the financial ststements
Our objectives are lo 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 an Auditor's Report that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordan
with ISAS (UK) will always detect a material misstatemenl 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 inftuence the
economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in
line with our responsibilities, outlined above. to detect material misstatements in respect of irregularities, including
fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below..
There is an inherent difficulty in detecting irregularities during audit. However the effectiveness of enlity's controls,
Ihe nature and extent of audit procedures performed, gives us confidence in detecting irregularities.
Further snfonnation regarding the scope of our responsibilities as auditor
As part of an audit in accordance with ISAS (UK). we exercise professional judgement and maintain professional
scepticism throughout the audit. We also..
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or erTOr,
design and perform audit procedures responsive to those risks. and obtain audit eviden￿ that is sufficient and
appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from
fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions,
misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are
appropriate in the circUmstan￿s, but nol for the purpose of expressing an opinion on the effecliveness of the
charity's internal control.
Evaluate Ihe appropriateness of accounting policies used and the reasonableness of accounting estimates and
related disclosures made by trustees.
Conclude on the approprialeness of the trustees, use of the going concern basis of accounting and, based on the
audit eviden￿ obtained, whether a material uncertainty exists relaled to events or conditions Ihat may casl
significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty
exists. we are required to draw attention in our Auditor's Report to the related disclosures in the financial
statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit
evidence obtained up to the date of our Auditor's Report. However, future evenls or conditions may cause the
charity to cease to continue as a going cOn￿rn.
Evaluate the overall presentation, slructure and content of the financial statements, including the disclosures, and
whether the financial statements represent the underlying transactions and events in a manner that achieves fair
presentation.

INDEPENDENT AUDITOR'S REPORT
to the Members of IncredABLE Enterprises
IA Company limited by guarantee. not having a share capital)
We communicate with those charged with governance regarding, among other matters, the planned scope and
timing of the audit and significant audit findings, including any significant deficiencies in internal control Ihat we
identify during our audit.
The purpose of our audit work and to whom we owe our responsibilities
This report is made solely to the charity'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 lo the charity's members those
matters we are required to state to them in an auditor's 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 charity and the charity's
members as a body, for our audit work, for this report. or for the opinions we have fomied.
Ruairi Maginn IS
ior Statutory Auditor)
for and on behalf of
DALY PARK & COMPANY LTD
Chartered Accountants and Regislered Auditors
4 Carnegie Street
Lurgan
CountyArmagh
BT66 6AS
Northern Ireland
11th December 2023
10

IncredABLE Enterprises
IA company Ilmlted by guarantee. not having a share capital)
STATEMENT OF FINANCIAL ACTIVITIES
Ilncorporatlng an Income and Expendlture Account)
for the financial year ended 31 March 2023
Unrestricted
Funds
2023
Total Unrestricted
Funds
2022
Total
2023
2022
Notes
Income
Donations and legacies
Charitable activities
Self-generated income
Investments
19,070
19,070
27,168
27,168
968,617
968,617
763,835
19
763,835
19
Total income
987,687
987,687
791,022
791.022
Expenditure
Charitable activities
4.1 1,017,126 1,017,126
695,624
695,624
Net Incomellexpendlture)
Transfers between funds
(29,439)
(29,4391
95.398
95,398
Net movement in funds for the financial year
(29,4391
129,439)
95,398
95,398
Reconciliation of funds
Balances brought forward at 1 April 2022
14
107,154
107,154
11,756
11,756
Balances carried forward at 31 March 2023
77,715
77,715
107,154
107,154
The Statement of Financial Activities includes all gains and losses recognised in the financial year.
All income and expenditure relate to continuing activities.
The notes on pages 1410 19 form part of the financial stalernents
11

IncredABLE Enterprises
IA company Ilmited by guarantee, not having a Share capital)
Company Number.. N1665042
BALANCE SHEET
as at 31 March 2023
2023
2022
Notes
Fixed Assets
Tangible assets
29.167
33.199
CurrentAssets
Stocks
Debtors
Cash al bank and in hand
10
11
1.000
62,561
90,931
700
50,560
81.247
154,492
132,507
Credltors.. Amounts falllng due wlthin one year
12
1105.9441
(58,5521
Net Current Assets
48,548
73,955
Totsl Assets less Current Liabilities
77.715
107,154
Funds
General fund {unreslricted)
77,715
107.154
Total funds
14
77,715
107.154
These financial statements have been prepared in accordance with the special provisions relating to sm811
ompanie5 Wlthin Part 15 of the Companies Act 2006.
The financial statements have been prepared in accordance with the provisions applicable lo companies subjecl lo
the small companies. regime and in accordance with FRS 102 'The Financia5 Reporting Standard applicable In the
UK and Republic of Ireland" applying Section 1A of that Standard.
Approved by the Board of Trustees and authorised for issue on 11th December 2023 and signed on its
behalf by
Alan Turtle
Trustee
The notes on pages 14 to 19 form part of the financial slatemenls
12

IncredABLE Enterprises
STATEMENT OF CASH FLOWS
for Ihe financial year ended 31 March 2023
2023
2022
Notss
Cash flows from operating activities
Net movement in funds
Adjustments for..
Depreciation
Interest re￿1vable and similar income
(29,439}
95,398
6,611
6.225
(19)
(22,828)
101.604
Movements in working capital..
Movement in stocks
Movement in debtors
Movement in creditors
(3001
2,109
47,392
(400)
(14,383)
43,313
Cash generated from operations
26,373
130,134
Cash flows from investing activities
Interest received
Payments to acquire tangible assets
19
{27,668)
{2,579)
Net cash generated from investment activities
(2.5791
{27.649}
Cash flows from financing activities
Advances to subsidiarieslgroup companies
{14,110)
(25.526)
Net decrease in cash and cash equivalents
Cash and cash equivalents at 1 April 2022
9,684
81,247
76,959
4,288
Cash and cash equivalents at 31 March 2023
17
90.931
81.247
13

IncredABLE Enterprises
{A company limitgd by guarantse, not having a share capital)
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2023
GENERAL INFORMATION
IncredABLE Enterprises is a company limited by guarantee incorporated in Northem Ireland. The regislered
Offi￿ of the charity is 162 Portadown Road. Richhill, Co. Amiagh, BT61 9LJ. Northern Ireland which is also
the principal place of business of the charity. The financial statements have been presented in Pound
Sterling (£) which is also the functional currency of the charity-
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following accounting policies have been applied consistently in dealing with items which are considered
material in relation to the charity's financial slatements.
Basis of preparation
The financial statements have been prepared on the going concern basis under the historical cost
convention, modified to include certain items at fair value. The financial statements have been prepared in
accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland FRS 102" applying Section 1A of that Standard.
As permitted by the Companies Act 2006, the charity has varied the standard formats in that act for the
Statement of Financial Activities and the Balance Sheet. Departures from the standard formals are to comply
with the requirements of the Charilies SORP and are in compliance with section 4.7, 10.6 and 15.2 of that
SORP.
Statement of compliance
The financial statements of the charity for the financial year ended 31 December 2017 have been prepared
on the going concern basis and in accordance with the Statement of Recommended Practice {SORP)
"Accounling and Reporting by Charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Standard.
Fund accounting
The following are the categories of funds maintained..
Restricted funds
Restricted funds represent income received which can only be used for particJJlar purposes, as specified by
the donors. Such purposes are within the overall objectives of the charity.
Unrestricted funds
Unreslricled funds consist of General and Designated fjJnds.
General funds represent amounts which are expendable at the discretion of the board. in furtheran￿ of the
objectives of the charity.
Designated funds comprise unrestricted funds that the board has, at its discretion. set aside for particular
purposes. These designations have an administrative purpose only, and do not legally restrict the board's
discretion to apply the fund.
14

IncredABLE Enterprises
{A company limited by guarantee, not having a share capitsll
NOTES TO THE FINANCIAL STATEMENTS
continued
for the financial year ended 31 Ma￿h 2023
Income
Income is recognised by inclusion in the Statement of Financial Activities only when the charity is legally
entitled to the income, perfomiance conditions attached lo the ilem(s) of income have been met, the amounts
involved can be measured with sufficient reliability and it is probable that the income will be re￿iVed by the
charity.
Income from charitable activities
Income from charitable activities include inwme earned from the supply of services under contractual
arrangements and from performance related grants which have conditions that specify the provision of
particular services to be provided by the charity. Income from government and other co-funders is recognised
when the charity is legally enlilled to Ihe income because it is fulfilling the conditions contained in the related
funding agreements. Vvhere a grant is received in advance, ils recognition is deferred and included in
creditors. Where entitlement occurs before income is received, it is accrued in debtors.
Grants from governments and other co-funders typically include one of the following types of condrtions=
Performance based conditions: whereby the charity is contractually entitled to funding only to the extent that
the core objectives of the grant agreement are achieved. Where the charity is meeting the core objectives of
a grant agreement, it recognises the related expenditure, to the extent that it is reimbursable by the donor, as
income.
-Time based conditions= whereby the charity is contractually entilled to funding on the condition that tt is
utilised in a particular period. In these cases the charity recognises the income to the extent it is utilised
within the period specified in the agreement.
In the absence of such conditions, assuming that receipt is probable and the amount can be reliably
measured, grant income is recognised once the charity is nottfied of entitlement.
Grants re￿iVed towards capital expenditure are credited to the Statement of Financial Activilies when
received or receivable, whichever is earlier.
Expenditure
Expenditure is analysed between costs of charitable activities and raising funds. The costs of each activity
are separately accumulated and disclosed, and analysed according to their major component5. Expenditure
is recognised when a legal or constructive obligalion exists as a result of a past event, a transfer of economic
benefits is required in settlement and the amount of the obligation can be reliably measured. Support costs
are those fvnctions that assist the work of the charity but cannot be attributed to one activity. Such costs are
allocated to activities in proportion to staff time spent or other suitable measure for each activity.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at mst or at valuation, less accumulated depreciation. The charge to
depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their
estimaled residual value. over Iheir expected useful lives as follows..
Fixtures, fittings and equipment
Motor vehicles
150/0 Straight line
250/0 Straight line
Inventories
Inventories are stated at the lower of cost and net realisable value. after making due allowance for obsolete
and slow moving items. Cost includes all costs incurred in the normal course of business in bringing them to
their present location and condition. Inventories comprise fundraising materials. It is not considered
practicable to value inventories of unsold donated goods at the financial year end.
Debtors
Debtors are recognised at the settlement amount due after any discount offered. Prepaymenls are valued at
the amount prepaid net of any trade discounts due. Income recognised by the charity from government
agencies and other co-funders. but not yet received at financial year end. is included in debtors.
Cash at bank and in hand
Cash at bank and in hand comprises cash on deposit at banks requiring less than three months. notice of
withdrawal.
15

IncredABLE Enterprises
IA company limitgd by guarantee, not having a share capital)
NOTES TO THE FINANCIAL STATEMENTS
ntinued
for the financial year ended 31 March 2023
Taxation and deferred taxation
No current or deferred taxation arises as the charity has been granted charitable exemption. Irrecoverable
valued added tax is expensed as incurred.
Deferred tax is recognised in respect of all timing differences that have originated bul not reversed at the
balance sheet date where transactions or events have occurred at that date that will result in an obligalion to
pay more tax in the future. or a right to pay less lax in the fvture. Timing dIfferen￿S are temporary
diffèrences between the charity's taxable income and its results as staled in the financial statements.
Deferred tax is measured on an undiscounted basis at the tax rates Ihat are anticipated to apply in the
periods in which the timing differences are expected to reverse. based on tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.
INCOME
DONATIONS AND LEGACIES
Unrestricted Restricted
Funds
Funds
2023
2022
Donations and legacies
19,070
19.070
27.168
CHARITABLE ACTIVITIES
Unrestricted Restricted
Funds
Funds
2023
2022
Income from charitable activities
968.617
968,617
763.835
INVESTMENTS
Unrestricted Restricted
Funds
Funds
2023
2022
Investments
19
EXPENDITURE
CHARITABLE ACTIVITIES
Direct
Costs
Other
Costs
Support
Costs
2023
2022
Expenditure on charitable activities
995.332
21,794
1,017,126
695,624
SUPPORT COSTS
Charitable
Activities
2023
2022
Support
21,794
21,794
18,475
ANALYSIS OF SUPPORT COSTS
2023
2022
Audit fees
3,425
11,758
6,611
3,510
8,740
6.225
Bank fees
Depreciation
Total Support
21,794
18.475
16

IncredABLE Enterprises
IA Company limitsd by guarantee, not having a share capltal)
NOTES TO THE FINANCIAL STATEMENTS
continued
for the financial year ended 31 March 2023
NET INCOME
2023
2022
Net Income Is stated after charyingl(creditingl:
Depreciation of tangible assets
Auditors remuneration
Revenue grants received
6.611
3,425
(8,000)
6,225
3,510
(26,668)
INVESTMENT AND OTHER INCOME
2023
2022
Revenue grants received
Bank interesl
8,000
26,668
19
8,000
26,687
EMPLOYEES AND REMUNERATION
No remuneration was paid to any trustee in the current or previous firbancial year.
Number of employees
The average number of persons employed (including executive trustees) during the financial year was as
follows..
2023
Number
2022
Number
Employees
22
The staff costs comprise..
2023
2022
Wages and salarres
Pension costs
449,102
14,704
352,930
4.081
463.806
357.011
TANGIBLE FIXED ASSETS
Fixtures.
flttings and
equipment
Motor
vehicles
Total
Cost
Al 1 April 2022
Additions
20.498
2.579
21.000
41,498
2,579
At 31 March 2023
23.077
21,000
44.077
Depreciation
At 1 April 2022
Charge for the financial year
5,149
3.461
3,150
3,150
8,299
6,611
Al 31 March 2023
8,610
6,300
14,910
Net book value
At 31 March 2023
14.467
14,700
29,167
At 31 March 2022
15,349
17.850
33,199
17

IncredABLE Enterprises
(A company limited by guarantse, not havlng a share capital)
NOTES TO THE FINANCIAL STATEMENTS
continued
for the financial year ended 31 March 2023
10.
STOCKS
2023
2022
Finished goods and goods for resale
1,000
70)
11.
DEBTORS
2023
2022
Trade debtors
Amounts owed by related parties
Prepayments and accrued income
17.882
44,579
100
19,991
30,469
100
62,561
50,560
12.
CREDITORS
Amounts falling due within one year
2023
2022
Trade creditors
Taxation and social security costs
Accruals and deferred income
55,947
47,131
2,866
27.410
28,342
2,800
105,944
58,552
13.
RESERVES
2023
2022
At 1 April 2022
{Deficit)ISurplus for the financial year
107,154
129,439}
11.756
95,398
At 31 March 2023
77,715
107,154
14.
FUNDS
14.1 RECONCILIATION OF MOVEMENT IN FUNDS
Unrestricted
Funds
Total
Funds
At 1 April 2021
Movement during the financial year
11,756
95.398
11.756
95,398
At 31 March 2022
Movement during the financial year
107,154
(29,439)
107,154
(29.439)
At 31 March 2023
77,715
77,715
14.2 ANALYSIS OF MOVEMENTS ON FUNDS
Balance
1 April
2022
Income Expenditure
Transfers
between
funds
Balance
31 March
2023
Unrestricted funds
Unrestricted General
107,154
987,687
1,017,126
77,715
Total funds
107,154
987,687
1.017.126
77,715
18

IncredABLE Entsrprises
IA company limited by guarantee. not having a share capital)
NOTES TO THE FINANCIAL STATEMENTS
continued
for the financial year ended 31 March 2023
14.3 ANALYSIS OF NET ASSETS BY FUND
Fixed
assets
- charity use
Current
assets
Current
liabilities
Total
Unrestricted general funds
29,167
154,492
(105,944)
77,715
29,167
154,492
(105,944}
77,715
15.
STATUS
The charity is limited by guarantee not having a share capital.
The liability of the members is limited.
Every member of the company undertakes to contribute to the assets of the company in the evenl of its being
wound up while they are members. or within one financial year thereafter, for the payment of the debts and
liabilities of the company contracted before they ceased to be members, and the costs, charges and
expenses of winding up, and for the adjustment of the rights of the contributors among themselves, such
amount as may be required. not exceeding £ 1.
16.
RELATED PARTY TRANSACTIONS
The Irustees of IncredABLE Enterprises are also trustees of IncredABLE.
At the year-end £44.579 (2022 - £30.469) was owed from IncredABLE in respect of financial assistance as
disclosed in Note 10 to the financial statements.
17.
CASH AND CASH EQUIVALENTS
2023
2022
Cash and bank balan￿S
90,931
81,247
18.
POST-BALANCE SHEET EVENTS
There have been no significant events affecting the Charity since the financial year-end.
19