Company Registration Number: N1665042
Charity Number: NIC108216
cafe
incredABLE
Annual Report
Year ended 31" March 2024
Daly Park & Company Ltd
Chartered Accountsnts and Registered Auditors
4 Carnegie Street
Lurgan
County Annagh
BT66 6AS
Northern Ireland

IncredABLE Enterprises
IA Company limited by guarantse, not having a Share capital)
CONTENTS
Page
Reference and Administrative InfO￿allOn
Trustees, Annual Report
Statement of Trustees, Responsibilities
Independent Auditorfs 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
IA eompany limttÈd by guarantee, not having a sharè ¢apitall
REFERENCE AND ADMINISTRATIVE INFORMATION
Trust99S
Edwin Graham
Alan Turtle
Company Sgcrgtary
Nigel Hampton
Charity Numbgr in Northern Ireland
NIC108216
Company Registratlon Number
N1665042
Registered Office and Prlnclpal Address
162 Portadown Road
Richhill
Co. Amiagh
BT619LJ
Northern Ireland
Auditors
Daly Park & Company Ltd
Chartered Aceountanls and Registered Auditors
4 Carnegie Street
Lurgan
CountyAmagh
BT66 6AS
Northern Ireland
Prin¢ipal Bankers
Danske Bank
4548 High Street
Portadown
Co.Armagh
BT62 1 LB
Northem Ireland

IncredABLE Enterprises
{A company limited by guarantee, not havlng a sharè capital)
TRUSTEES. ANNUAL REPORT
for the financial year ended 31 March 2024
The trustees present their TTUStees' Annual Report. combining the Directors. Report and Trustees, Report, and the
audited financial ststements for the financial year ended 31 March 2024.
The financial statements are prepared in accordance with the Companies Act 2006. FRS 102 "The Financi81
Reporting Standard applicable in the UK and Republic of Ireland" and Aceounling and Reporting by Charities..
Statement of Recommended Practice applicable lo charities preparing their financial statements in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021.
The Trustees, Report contains the information required lo be provided in the Trustees, Annual Report under the
Statement of Recommended Praeli¢e {SORP) guidelines. The trustees of the charity are also charity trustees 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 IneredABLE Enterprises present a summary of its purpose, governance, activities.
achievements and finances for the financial year 31 Mar¢h 2024.
Misslon, Objectives and Strategy
Objeetlves
Aims & Objectives
IncredABLE Enterprises empowers individuals with leaming difficulties lo make choices. discover tslenls, 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
difficult￿s.
The organisation's aim is to help people with autism andl or leamin9 drfficullies to feel supported, valued and included
whilst obtaining employment.
structure. Governance and Management
structure
The charity was set up in October 2019 8$ a eompany limited by guarantee Constituted under the Companies Act
2006 and is also registered with the Charity Commission for Northem Ireland as charitable comp8ny under ref
NIC108216. The company is governed by ils Memorandum and Articles of Association with the principal office of the
company located at 162 Portadown Road. Richhill.
Trustees
Trustees are recruited and appointed al its Annual General Meeting. The protrss for the appointment of Trustees is
outlined in the governing documents. The directors of the organisation ale also charity trustees for the purposes of
charity law. Each new Iruslees undergoes an induction process and training in good governance.
Tho trustees of the company are its directors for the purposes of charity law. IncredABLE Enterprises is managed by
board of voluntary trustees with experience working in the charitable sector. Trustees are elected and appointed
each year and can include representatives from some of the regional stalulory agencies with expertence working with
individuals with autism I leaming difficulties. Trustees re￿1ve an inductton process which includes an explanation of
the current and future plans for acliMty within the charity and guidance on governance and responsibilities of
trustee.
The day lo day management of incredABLE Enterprises is delegated lo a management team headed by Nigel
Hampton. CEO. which report5 to the Board on a regular basis.
The ¢harity'$ main risk assessed by the board is cashflow and the ability of the company to meet payments when they
fall due. A reserves poliey ha$ been developed to help smooth cashflow pressure in circumstances where funding
ceases or is delayed.
Review of A¢tivitios, Achievgments and Perfomiance
Café incredABLE @ Jelhro
Our café in the Jethro Centre Is wnning strong, open 5 days a week offering made to order meals from
carefully-crafted monu. Additionally. Café incredABLE caters for internal Jethro Centre clients as well as outside
group$ regularly. giving participant trainees the opportunity lo learn catering in addition to cooking, serving. using the
till. and more.
Café incredABLE @ Jethro decreased total sales by 5% over the 2023-24 financial year, serving 17.112 ¢uslomer
transactions, employed 4 people with a learning disability andlor Autism, and facilitated a further 4 people in voluntary
plaoment.

IncredABLE Enterprises
IA company limtted by guarantèè, not havlng a share rapita
TRUSTEES. ANNUAL REPORT
for the financial year ended 31 March 2024
Café incredABLE @ South Lake
Our flagship café in South Lake Leisure Centre in Craigavon also continues to shine. We are proud of the service we
offer al SLLC, and we are even moTe proud that this café, in addition lo having become a community hub, continues
to be a place where we offer vocational training. employment, and meaningful daytime activity for individuals with a
learninglintelleelual disability andlor autism within our café spa￿s.
Our customer base eonlinues lo remain loyal, and we serve as many people who come to the South Lake Leisure
Centre just for a coffee or breakfast as we do those who are in the SLLC already for their own purposes and stop by
for refreshment before or after.
In March 2024 not only did we continue to trade as nomial bul also provided ¢alerrng for the Special OlympiGS Ireland
Winter Games 2024, which resulted in our busiest weekend of trading since opening our doors in November 2020.
Café incredABLE @ South Lake increased the lolal sales by 8% over the 2023-24 financial year, seNing 146.027
customer transactions, employing 9 people with a learning disability andlor Autism, and facilitating a further 9 people
in voluntary placement.
Café incredABLE @ Banbridge Leisure Centre
Our café in Banbridge Leisure Centre continues lo gain momentum, open 7 days a week offering made to order
meals from a carefully-crafted menu. Additionally. the café provides in-house catering for events being held within the
centre and the council civic building opposite the cenlre. On 19 May 2023 we saw our busiest trading day to dale
catering for the Armagh City, Banbridge, & Craigavon Local Election Count Cenlre.
Café incredABLE @ Banbridge had a total of 35,822 customer Iransaclions. employed 3 people with a learning
disability andlor Autism. and facilitated a further 3 in voluntary placement.
Financial Review
The results for the financial year are set out on page 11 and additional notes are provided showing income and
expenditure in greater detail.
Flnanclal Results
At the end of the financial year the charity has assets of £186,667 {2023- £183.6591 and liabilities of £101,441 {2023
£105,944). The nel assets of the charity have increased by £7.511.
Reserves Posltlon and Poli¢y
A reserves policy has been formulated to explain the rationale for holding reserves and the level of reserves that is
appropriate for the charity. The trustees review this on an annual basis and believe a free reserve target of three
months running costs would be appropriate.
Trustees
The trustees who served throughout the financial year. except as noted, were as follows..
Ethin Graham
Alan Turtle
In accordan¢e with the Constitution. the Iruslees retire by rotation and. being eligible. offer themselves for re-election.
The secretary who served during the financial year was..
Nigel Hampton
Compliance with Sector-wide Legislation and Standards
The charity engages pro-actively with legislation, standards and codes which are developed for the sector.
IncredABLE Enterprises subscribes to and is compliant with the following..
The Companies Act 2006
The Charities SORP (FRS 102)
Public Beneflt
The direct benefits which flow from our purposes inciude 3060providing meaningful social. recreational, educational
and daytime activities for individuals with a learning or an intellectual disability. We provide young people with an
opportunity and a space to be creative and learn new skills in a Safe, structured environment, and lo have fun doing IL
This improves the wellbeing. self-esteem. and quality of life for people with a leamin9 1 intellectual disability. We equip
these people with the skills they need to have meaningful careers, prospects and social engagement. These beneffts
are demonstrated through our provision of training and employment and gducation for people with leaming disabilities
and or autism. Café ineredABLE has helped these people to obtsin Level One Qualifications in catering and
hospitality. We have employed some of our café trainees and hope lo employ more who come through our training
programme.
Our vision is a society where individua15 with learning l intelleelual 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.

IncredABLE Enterprises
{A company limited by guarantee, not having a share capital)
TRUSTEES, ANNUAL REPORT
for the financial year ended 31 March 2024
We help to make these people with more autonomy and independence. These purposes do not lead lo harm. The
charity's beneficiaries are people with a learning l intellectual disability in the Southern Health & Social Care trust
area. They also include family members and carers of those who are diagnosed with a learning l intellectual disability.
All members of the community are welcome in our café and can benefit from our purposes.
The Auditors
The auditors, Daly Park & Company Ltd, (Chartered Accountants) have indicated their willingness to continue in office
in accordance with the provisions of Section 485 of the Companies Act 2006.
Approved by the Board of Trustees on i&U- gec0th￿ 2Yand signed on its behalf by:
Edwin Graham
Trustee
Alan Turtle
Trustee

IncredABLE Enterprises
IA company limited by guarantee, not having a share capital)
STATEMENT OF TRUSTEES, RESPONSIBILITIES
for the financial year ended 31 March 2024
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.
Company law requires the trustees as the directors to prepare financial ststements for each financial year. Under that
law the IrLJslees have elected to prepare the financial statements in accordance with United Kingdom Generally
Accepted Accounting Practice (United Kingdom Accounting Standards and applicable lawl including FRS 102 "The
Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Enlitiesl. Under
company law the trustees must not approve the financial statements unless they are satisfied that they give a true and
fair view of the state of affairs of the company and of the surplus or deficit of the company for that period.
In preparing these financial statements, the trustees are required to:
select suitable accounting policies and apply them consistently-
observe the methods and principles in the Charities SORP
make judgements and accounting estimates that are reasonable and prudent.,
state whether the financial statements have been prepared in accordance with applicable accounting standards,
identify those standards. and note the effect and the reasons for any material departure from those standards,. and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity
will continue in operation.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the
charity's transactions and disclose with reasonable accuracy at any lime the financial position of the charily and
enable them lo ensure that the financial statements 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 trustees are aware-
there is no relevant audit information (information needed by the charity's auditor in connection with preparing the
auditor's report) of which the charity's auditor is unaware, and
Ihe trustees have taken all the steps that they ought lo have taken as trustees in order to make themselves aware
of any relevant audit information and lo establish that the charity's auditor is aware of that information.
Approved by the Board of Trustees on I
and signed on its behalf by:
Edwin Graham
Trustee
Alan Turtle
Trustee

INDEPENDENT AUDITOR'S REPORT
to the Members of IncredABLE Enterprises
IA company Ilmltod by guarantèè. not having a share capltall
Report on the audit ofthe financial statements
Opinion
We have audited the charity financial statements of IncredABLE Enleiprises {'Ihe charity) for the financial year ended
31 March 2024 which comprise the Slalement of Financial Activities lincorporaling an Income and Expenditure
Account}, the Balan￿ Sheet. the Statement of Cash Flows and notes to the finaneial 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 applieable law and United Kingdom Accounting Standards, induding FRS 102 "The Financial
Reporting Standard applicable in the UK and Republic of Ireland" applying Section 1A of that Standard and
Aecounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable to charities preparing their
accounts in accordance with FRS 102.
In our opinion. when reporting in accordance with a fair presentation framework the financial stalemenls..
give a true and fair view of the slate of the charity's affairs as al 31 March 2024 and of its surplus for the financial
year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.. and
have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act
(Northern Ireland) 2008.
Basis for opinion
We conducted our audit in accordan￿ with International Standards on Auditing IUKI {ISAs IUK}l and applicable law.
Our responsibilities under those standards are further described in the Audilovs responsibilities for the audit of the
financial slalements section of our report. We are independent of the charity in accordance with ethical requirements
that ale relevant to our audit of tho financial slalements 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 evidenee
we have obtained is sufficient and appropriate to promde a basis for our opinion.
Conclusions relatlng to golng concem
In auditing the financial statements. we have concluded that the trustees, use of the 90ing concern basis of
accounting in the preparation of the financial slalements is appropriate.
Based on the work we have perfomied. we have not identrfied any material uncertainties relating lo events or
conditions that, individually or collectively, may cast significant doubl on the charity's ability to continue as a going
concern for a period of at least ￿e1ve months from the dats when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respe¢t to going coneem are described in the relevant
sections of this report.
Other Infomiation
The other information comprises the information included in the annual report other than the financial statements and
our Audilorfs Report Ihereon. The trustees are responsible for the other information contained within the annual
report. Our opinion on the financial statements does not cover the other infomation and, exeept lo the extent
otherwise explicitly stated in our report. we do not express any forn of assurance conclusion Ihereon.
Our responsibility is to read the other information and, in doing so. consider whether the other infomation 15 materially
inconsislenl 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 in¢onsislencies or apparent material misslalements. we are
required to determine whether this gives rise to a material misstatement in the financial statements themselves. If.
based on the work we have perfomed. we conclude that there is a material misstatement of this other infomation, we
are required lo report that fact. We have nothing to report in this regard.
Oplnion on othor matter prescribed by the Companies Act 2006
In our opinion. based on the work undertaken in the cours8 of the audit..
the information given in the Trustees, Annual Report for the financial year for which the financial staternents are
prepared is consistent with the financial slalements., 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 9uarantee, not having a shar8 capltall
Matt9rs on which we are requlred to report by exception
In the light of our knowledge and understsnding of the charity and its environment obtained in the course of the audit,
we have not identified material misstatements in the Trustees, Annual Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us lo report to
you if. in our opinion..
adequate accounting records have not been kept.. or
the financial slalements are not in agreement with the accounting records and retums.. or
certain disclosures of trustees, remuneration specified by law are not made,. or
the trustees were not entitled lo prepare the financial stslemenls in aecordance with the small companies ￿gI￿e
and lake advantage of the small companies. exemption in preparing the Trustees, Annual Report.
Responslbllities of truste95 for the financlal statements
As explained more fully in the Slalement of Trustees, Responsibilities sel out on page 6. the trustees are responsible
for the preparation of the financial ststemenls and for being satisfied that they give a true and fair view, and for such
inlemal control as they delemine is necessary lo enable the preparation of financial statements that are free from
material misstatement. whether due to fraud or error.
In preparlng the financial statements, the trustees are responsible for a$5essing the charity's ability to continue as a
going coneem. disclosing, as applicable, matters related lo going coneem and using the going concern basis of
accounting unless management either intends to liquidate the charity or lo cease operations. or has no realistic
alternative bul to do so.
Auditor's responsibilltles for the audlt of the financial statements
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement. whether due lo fraud or error. and to issue an Audilols Report that ineludes our opinion.
Reasonable assurance is a high level of assuran￿, but is not a guarantee that an audit conducted in accordance with
ISAS IUK} will always detect a material misstalemenl 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 influen* the
economic decisions of users taken on the basis of these financial statements.
Irregltlarities. including fraud, are instances of non-compliance with laws and regulations. We design procedures in
line with our responsibilities, outlined above, to delecl material misslalements in respect of irregularities, including
fraud. The exlenl lo which our procedures are capable of detecting irregularities, induding fraud is detailed below..
There is an inherent difficulty in deteeling iriegularities during audit. However the effectiveness of entity's controls. the
nature and exlenl of audit prO￿d￿reS performed. gives us confidence in deteeling irregularities.
Further Informatlon regardlng the scope of our responsibilities as auditor
As part of an audit in accordance with ISAS IUKI, we exercise professional judgement and maintain professional
scepticism throughout the audit. We also..
Identify and assess the risks of mateiial misststemenl of the financial slatsments, whether due to fraud or error,
design and perfomi audit procedures responsive lo those risks. and obtain audit evidence that is sufficient and
appropriate to provide a basis for our opinion. The risk of not delecling a material misststemenl 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 lo design audit prO￿dureS that a
appropriate in the eireumstsnces, bul not for the purpose of expressing an opinion on the effectiveness of the
charity's internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and
related disclosures made by trustees.
Conclude on the approprialenes$ of the trustees, use of the going concern basis of accounting and, based on the
audit emdence obtained. whether a material uncertainty exists related lo events or eondilions that may cast
signrfieant doubl on the charity's ability lo continue as a going concern. If we conclude that a material uncertainty
exists. we are required to draw attention in our Auditorf$ Report to the related disc105ures in the financial
slatem8nls or. rf such disclosures are inadequate. to modify our opinion. Our wnclusions are based on the audit
evidence obtained up lo the dale of our Audilof s Report. However, fvture events or conditions may cause the
charity to cease lo continue as a going concem.
Evaluate the overall presentslion. structure and conlenl of the financial statements, including the disclosures. and
whether the financial statements represent the underlying transaction5 and events in a manner that achieves fair
presentation.

INDEPENDENT AUDITOR'S REPORT
to the Members of IncredABLE Enterprises
{A company lirnited by guarantee, not havrng a $hare ￿pital
We communicate wlth those charged with govemance regarding, among other matters. the planned scope and liming
of the audit and significant audit findings, including any significant deficiencres in internal control that 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 aceordance with Chapter 3 of Part 16 of the
Companies Act 2006. Our audit work has been undertaken so that we might slate lo the charity's members those
matters we are required to slate to them in an auditors report and for no other purpose. To the fullest extent pemiitted
by law. we do not accept or assume ￿sPOnsIbl11ty 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 formed.
Ruairi
agin
Senior Statutory Audltorl
for and on b
alf of
DALY PARK & COMPANY LTD
Chartered Accountants and Registered Auditors
4 Carnegie Street
Lurgan
County Am8gh
BT66 6AS
Northern Ireland
!gl.1.4.z
10

IncredABLE Enterprises
IA cornpany limited by guarantee. not having a share capital)
STATEMENT OF FINANCIAL ACTIVITIES
Ilncorporating an Incom• and Expenditure Account)
for the financial year ended 31 March 2024
Unrestricted
Funds
2024
Totsl Unrestricted
Fund$
Funds
2024
2023
Totsl
Funds
2023
Notes
Income
Donations and legacies
Charitable activities
Self-generaled income
19.070
19.070
3.2 1.225.240 1.225,240
968.617
968,617
Total Incomo
1,225.240 1.225,240
987,687
987.687
Expenditure
Charitable activities
4.1 1,217,728 1,217.728 1,017,126 1,017,126
Net in¢omg1(expenditure)
7.512
7,512
129.439)
129,4391
Transfers be￿een ftjnds
Net movement In funds for the financial year
7,512
7,512
129,4391
129,439)
Reconciliation of funds:
Total funds beginning of the year
15
77.714
77.714
107,154
107.154
Total funds at the end of thg year
85,226
85,226
77.715
77,715
The Ststemenl of Financi81 Acliwlies includes all gains and losses recognised in the financial year.
All income and expenditure relate lo continuing activities.
The notes on pages 14 to 19 form part of the financAal statements
11

IncredABLE Enterprises
IA company Ilmited by guarantèé, not havlng a share capital)
CoTnpany Number.. N1665042
BALANCE SHEET
as at 31 March 2024
2024
2023
Notes
Fixed Assets
Tangible assets
23,975
29,167
Current Assets
Stocks
Debtors
Cash at bank and in hand
10
11
12
1,000
61,381
100.311
1,000
62,561
90,931
162,692
154,492
Creditors: Amounts falling due within one year
13
1101.4411
{105,9441
Net Current Assets
61,251
48,548
Total Assets less Current Liabilities
85.226
77,715
Funds
General fund (unreslricted)
85,226
77.715
Total funds
15
85,226
77,715
These financial statements have been prepared in accordance with the special provisions relating to small companies
within Part 15 of the Companies Act 2006.
The financial statements have been prepared in accordance with the provisions applicable lo companies subject to
the small companies, regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK
and RepLJblic of Ireland" applying Section 1A of that standard.
Approved by the Board of Trustees and authorised for issue on
behalf by
IbK De￿,J￿rIo24
and signed on its
Edwin Graham
Trustee
Alan Tu
Trustee
The notes on pages 14 to 19 form part of the financial statements
12

IncredABLE Enterprises
STATEMENT OF CASH FLOWS
for the financial year ended 31 March 2024
2024
2023
Notes
Cash flows from operatlng actNlties
Nel movement in funds
Adjustments for
Depreciation
7,511
(29.4391
6.862
6,611
14.373
{22,8281
Movements in working capital:
Movement in stocks
Movement in debto
Movement in creditors
13001
2,109
47,392
14.5031
Cash generated from operations
9.908
26.373
Cash flows from investing actlvltles
Payments lo acquire tangible assets
11.6701
{2.5791
Cash flows from financlng actlvities
Advances lo subsidiarieslgroup companies
1.142
114.1101
Net Increase In cash and cash equivalents
Cash and cash equivalents at the beginning of the year
9,380
90,931
9,684
81,247
Cash and cash equivalents at the end of the year
12
100,311
90,931
13

IncredABLE Enterprises
IA company limitèd by guarantee, not havlng a share eapitall
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024
GENERAL INFORMATION
IncredABLE Enterprises is a company limited by guarantee incotporaled in Northem Ireland. The registered
office of the charity is 162 Portadown Road. Richhill, Co. Armagh, BT61 9LJ, Northern Ireland which is also
the principal place of business of the charity. The financial statements have been presented in Pound 1£)
which is also the functional currency of the charFty-
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 statements.
Basis of preparation
The financial ststemenls have been prepared on the going concern basis under the historical eosl convention,
modified lo include certain items al fair value. The financial statements have been prepared in accordance
with the Slalernent of Recommended Practi￿ ISORPI "Aceounting and Reporting by Chartlies preparing their
accounts in accordants with the Financial Reporting Standard applicable in the UK and Republic of Ireland
FRS 102" applying Section 1A of that Standard.
As pemitted by the Companies Act 2006. the charity has varied the standard fomal$ in that act for the
Statement of Financial Activities and the Balance Sheet. Departures from the standard fomiats are to comply
with the requirements of the Charities SORP and are in ¢ompliance with section 4.7, 10.6 and 15.2 of that
SORP.
SLitement of compliance
The financial statements of the charity for the financial year ended 31 December 2017 have been prepared on
the going con￿rn basis and in accordan￿ with the Statement of Recommended Practice ISORP)
"Aecounling 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 Sectson 1A of that Standard.
Fund accounting
The following are the ¢ategories of funds maintained..
Restricted funds
Restricted funds represent income received which can only be used for particular purposes, as specified by
the donors. Such purposes are within the overall objectives of the charity.
Unrestrlcted funds
un￿StrIcted funds consist of General and Designated funds.
General funds represent amounts which are expendable al the discretion of the board. in I￿rtherance of the
objectives of the charity.
Designated funds comprise unrestricted funds that the board has, at its discretion, set aside for part¢cular
purposes. These designations have an adminislralive purpose only. and do not legally restrict the board's
discretion lo apply the fvnd.
Income
Income is recognised by inclusion in the Statement of Financial Activities only when the charity is legally
enlilled to the income, performan¢e eondilions attached lo the item(s} of income have been met. the amounts
involved can be measured with sufficient reliability and it is probable that the income will be received by the
charity.
Income from charltable activities
Income from charitable activities include income earned from the supply of services under contractual
arrangements and from performance related grants which have conditions that specrfy the provision of
particular servitss lo be provided by the charity. Income from government and other co-funders is recognised
when the charity is legally enlilled lo the incorne because il is fulfilling the conditions contained in the related
funding agreements. Where a grant is received in advance. its recognition is deferred and included in
creditors. Where enlitlemenl occurs beforg income is received. il is accrued in debtors.
Grants from governments and other upfunders typically include one of the following types of conditions..
Performance based conditions.. whereby the charlty is contractually entitled to funding only lo the exlenl that
the core objectives of the grant agreement are achieved. Where the charity 1$ meeting the core objectives of a
14

continued
IncredABLE Enterprises
IA company Ilmlted by guararttÈè. not having a share capltall
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024
grant agreement. it recogni$es the related expenditure. lo the extent that il 15 reimbursable by the donor, as
income.
-Time based conditions.. whereby the charity is contractually entitled to funding on the condition that il is
ulilised in a particular period. In these cases the charity recognises the income lo the extent il is utilised within
the period specified in the agreement.
In the absence of such conditions, assuming that receipt is probable and the amount can be reliably
measured. grant income is recogni$ed once the charity is nottfied of enlillemenl.
Grants received towards Capital expenditure are credited lo the Ststement of Financial Activities when
reoived or receivable. whichever is earlier.
Expenditure
Expenditure is analysed be￿een costs of charitable activities and raising funds. The costs of each activity are
separately accumulated and disclosed, and analysed according lo their major components. Expenditure is
recognised when a legal 01 constructive obligation 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 functions that assist the work of the charity but cannot be attributed lo one aclivtty. Such costs are
allocated to activities in proportion to stsff lime spent or other suitable Measure for each activity.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at eosl or at valuation, less accumulated depreciation. The charge lo
depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated
residual value. over their expected useful lives as follows:
Fixtures. fittings and equipment
Motor vehicles
15¥ts Straight line
25% Straight line
Inventories
Inventories are slated 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 no￿al course of business in bringing them lo
their present location and condition. Inventories comprise fundraising materials. 11 is not considered
practicable to value inventories of unsold donated goods al the financial year end.
Debtors
Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at
the amount prepaid net of any trade discounts due. Income iecognised by the charity from government
agencies and other co-funders. but not yet received al 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 ￿qUiring less than three months. notice of
withdrawal.
Taxation and deferred taxatlon
No current or deferred taxation arises as the charity has been granted ¢haritable exemption. Irrecoverable
valued added tax is expensed as incurred.
Deferred tax is recognised in respe¢t of all liming differences that have originated but not reversed at the
balance sheet date where transactions or events have occurred al that dale that will ￿SuIt in an obligation lo
pay more lax in the future. or a right to pay less tsx in tho future. Timing differences are temporary differen¢e$
be￿een the charity's taxable income artd 115 results as slated in the financial stalemenls.
Deferred lax is measured on an undiscounled basis al the lax rates that are 8nlicipaled to apply in the periods
in which the liming differences are expected to reverse, based on lax rates and laws that have been enacted
or substantively enacted by the balance sheet date.
INCOME
DONATIONS AND LEGACIES
Unrestricted Restricted
Funds
Funds
2024
2023
Donations and legacies
19.070
15

continued
IncredABLE Enterprises
IA company Ilmlted by guarantee, not having a sharg capital)
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024
CHARITABLE ACTIVITIES
Unrestricted Restricted
Funds
Funds
2024
2023
Grants from governments and other co-fundgrs:
Income from charitable activities
1.225,240
1,225,240
968.617
EXPENDITURE
CHARITABLE ACTIVITIES
Direct
Costs
Other
Costs
Support
Costs
2024
2023
Expenditure on charitable activities
1,196,046
21,682
1,217,728
1.017.126
SUPPORT COSTS
Charitable
Activities
2024
2023
Support
21.682
21,682
21,794
ANALYSIS OF SUPPORT COSTS
2024
2023
Support
21.682
21.794
NET INCOME
2024
2023
Net Income is stated after chargingl{crediting):
Depreciation of tangible assets
Grants receivable received
6,862
6.611
18,0001
INVESTMENT AND OTHER INCOME
2024
2023
Revenue grants received
8.¢JJO
EMPLOYEES AND REMUNERATION
The staff costs comprise:
2024
2023
Wages and salaries
Pension costs
549.344
6.891
449.102
14.704
556,235
463.806
16

continued
IncredABLE Enterprises
IA company limited by guarantee, not having a sham capital)
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024
TANGIBLE FIXED ASSETS
Flxtures,
fittings and
equipment
Motor
vehicl95
Totsl
Cost
At 1 April 2023
Additions
23,077
1,670
21,000
44.077
1,670
Al 31 March 2024
24,747
21,000
45,747
Depreciation
At 1 April 2023
Charge forthe financial year
8.610
3,712
6.300
3,150
14.910
6.862
At 31 March 2024
12.322
9.450
21.772
Net book value
At 31 March 2024
12.425
11.550
23.975
At 31 March 2023
14,467
14,700
29,167
10.
STOCKS
2024
2023
Finished goods and goods for resale
1,000
11.
DEBTORS
2024
2023
Trade debtors
Amounts owed by related parties
Prepayments and accrued income
17,831
43,437
113
17,882
44.579
100
61.381
62,561
12
CASH AND CASH EQUIVALENTS
2024
2023
Cash and bank balances
100.311
90.931
13.
CREDITORS
Amounts falllng due within one year
2024
2023
Trade creditors
Taxation and social security costs
Other ereditors
Accruals and deferred income
50,020
47,921
55.947
47.131
3,214
2.866
101.441
105,
17

continued
IncredABLE Enterprises
IA compat)y Ilmlted by guarantèe. not having a share capital)
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024
14.
RESERVES
2024
2023
Al the beginning of the year
SurplusllDeficill for the financial year
77,715
7.511
107.154
129.4391
Al the end of the year
85,226
77.715
15.
FUNDS
15.1 RECONCILIATION OF MOVEMENT IN FUNDS
Unrestrlcted
Funds
Total
Funds
Al 1 April 2022
Movement during the financial year
107,154
{29.4391
107,154
129,4391
Al 31 March 2023
Movement during the financial year
77,714
7.512
77,714
7,512
At 31 March 2024
85.226
85.226
15.2 ANALYSIS OF MOVEMENTS ON FUNDS
Balance
1 April
2023
Income Expenditure
Transfers
between
funds
Balance
31 March
2024
Unrestricted funds
Unreslricled General
77.714
1.225,240
1,217.728
85.226
Total funds
Tl.714
1.225,240
1,217.728
85,226
15.3 ANALYSIS OF NET ASSETS BY FUND
Fixed
assets
- charity use
Current
Current
Ilabilities
Totsl
Unrestricted general funds
23,975
162.692
1101,4411
85,226
23.975
162,692
1101,4411
85,226
16.
STATUS
The charity 1$ limited by guarantee not having a shafe capital.
The liability of the members is limited.
Every member of the company undertakes to eonlribule to the assets of the ¢ompany in the event of its being
wound up while they are members, or within one financial year thereafter. for the payment of the debts artd
liabilities of the company contracted beforg they ceased to b8 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.
18

continued
IncredABLE Enterprises
IA company Ilmited by guarantèe, not having a share capilall
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024
17.
RELATED PARTY TRANSACTIONS
The trustees of IncredABLE Enterprises are also trustees of IncredABLE.
Al the year-end £43.437 {2023- £44.5791 was owed from IncredABLE in respect of financial assistan￿ as
disclosed in Note 1110 the financial slalements.
18.
POST-BALANCE SHEET EVENTS
The￿ have been no significant events affecting the Charity since the financial year-end.
19.
TRUSTEE REMUNERATION
None of the Trustees received nor waived remuneratior¢ for their services as Trustees during the current or
previous financial year.
19