GENESIS NETWORK (A company limited by guarantee TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2023 Stalement of Trustees, responsibillties The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Tfustees must not approve the financial ststements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles of the Charities SORP IFRS 1021., make judgements and accounting estimates that are reasonable and prudent,. state whether applicable UK Accounting Standards {FRS 102) have been followed, subsect to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and oth8r irregularities. Approved by order of the members of the board of Trustees on 2 May 2023 and signed on their behalf by.. Mr Danlol Leigh Jackson Mrs Ellzabeth Cousins Page 5 GENESIS NETWORK (A company limited by guarantee) REGISTERED NUMBER: N1675521 BALANCE SHEET (CONTINUED) AS AT 31 JANUARY 2023 Mr Daniel Leigh Jackson Mrs Elizabeth Cousin8 The notes on pages 11 to 21 form part of these financial statements. Page 10 GENESIS NETWORK LIMITED BY GUARANTEE BALANCE SHEET AS AT 31 JANUARY 2023 Notes 2023 2022 FIXED ASSETS Tangible assets 556 556 1,112 1,112 CURRENT ASSETS Cash at bank and in hand 21,797 21,797 13,398 13,398 CREDITORS: Amounts falling due within one year {1,304) (1,307) NET CURRENT (LIABILITIES) ASSETS 20,493 12,091 TOTAL ASSETS LESS CURRENT LIABILITIES 21,049 13,203 NET ASSETS 21,049 13,203 CAPITAL AND RESERVES Restricted income funds Unrestricted income funds 21,049 21,049 13,203 13,203 The directors consider Ihat the Company is entitled to exemption from audit under sectSon 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The dlrectors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to a¢¢ounting records and the preparation of financial statements. The financial statements have been delivered in accordance with the provisions applicable to companies subjecl to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies, regime. The financial statements were approved and authorised for issue by the Trustees on 2 May 2023 and signed on their behalf, by Mr Daniel Leigh Jackson Director Mrs Elizabeth Cousins Director N.1. 675521 The notes on pages 2 to 6 form an integral part of these financial statements. Page 1 Genesis Network Genesis Network 6 Annadale Avenue Belfast BT7 3JH Miscampbell & Co 6 Annadale Avenue 8elfast BT7 3JH Dear Sirs The following representatlons are made on the basls of enqulrles of management and staff wlth relevant knowledge and experience such as we consider necessary In connectlon with your Independent examlnatlon of the charltable company's financlal statements for the perlod ended 31 january 2022. These enquiries have Included inspectlon of supportlng documentation where appropriate and are sufficient to sat15fy ourselves that we can make each of the following representatlons. All representatlons are mode to the best of our knowledge and belief. General We acknowledge that the work performed bv vou Is SLtbstantially less in scope than an audlt performed In accordance with Internatlonal Standards on Auditing IUKI and that you do not express an audlt opinion. We confirm that the charltable company quallfles as small In accordance wlth the conditions set out In chapter l of part IS of the Companies Act 2006. We conflrm that the charStable company was entitled to exemptlon under section 144 of the Charities Act 2011 the requirement to have Its financlal ststements for the financlal period ended 31 january 2022 audited. We also conflrm that the members have not required the company to obtain an audlt of Its financial statements for the financial year in accordance wSth section 476 of the Companles Act 2006. We have fulfilled our responsibilities as trustees as set out In the terms of your en8a8ement letter dated 14 June 2021, under the Companies Act 2006 for preparinB financlal statements In accordance wlth applltable law and Unlted Kingdom Accounting Standards Iunlted Klngdom Generally Accepted Accountlng Practice), for belng satlsfied that they ve a true and fair vlew and for making accurate representations to you. All the transa¢tlons undertaken by the charitable company have been properly reflected and recorded in the accountln8 records. All the accounting records have been made available to you for the purpose of your Independent examlnation. We have provided you wlth unrestricted access to all approprlate persons within the charitable company, and wlth all other records and related informatlon requested, including minutes of all management and trustee meetings and correspondence wlth The Charlty Commlsslon. The financial statements are free of material m155tatements, Includlng omlsslons. The effècts of uncorrected mlsstatement5 las set out in the appendlx to this letter) are Immaterial both Sndlvldually and in total. Assets and Ilabllltles The charitable company has satisfactory tltle to all asset5 and there are no 1Sens or encumbrances on the charitable company's assets, except for those that are dlsclosed in the notes to the flnancial statements. 10 All actual liabilities, contlngent liabilitles and guarantees given to third parties have been recorded or disclosed a5 appropriate. 11 We have no plans or intentions that may materially alter tFie carrying value and where relevant the fair value measurements or classification of assets and liabilitles reflected in the financial statements. Accounting estimates 12 Significant assumptions used by us in making accountlng estimates, Including those measured at fair value, are reasonable. thegenesi5network.com Company Number.. N1675521 Loans and arrangements 13 The charitable company has not granted any advances or credits to, or made guarantees on behalf of, directors other than those disclosed in the financial statements. Legal claims 14 We have disclosed to you all claims in connection with litigation that have been. or are expected to be, received and such matters, as appropriate, have been properly accounted for, and disclosed in, the financial statements. Laws and regulations 15 We have disclosed to you all known instances of non-compliance or suspected non-compliance with laws and regulations whose effects should be considered when preparing the financial statements. Related partles 16 Related party relationships and transa¢tions have been appropriately accounted for and disclosed in the financial statements. We have disclosed to you all relevant information concerning such relationships and transaction5 and are not aware of any other matters which require dlsclosure in order to comply with leglslative and accounting standard5 requirements. Subsequent events 17 All events subsequent to the date of the financial statements whlch require adjustment or dlsclosure have been properly accounted for and disclosed. Going concern 18 We belleve that the charitable companf s flnanclal statements Should be prepared on a 80ing Concern basis on the grounds that current and future sources of funding or support will be more than adequate for the charitable company's needs. We have considered a period of twelve months from the date of approval of the financial statements. We believe that no further disclosures relatlng to the charitable company's ability to continue a5 a going concern need to be made in the flnancial statements. Grants and donatlons 19 All grants, donations and other income, the recelpt of which Is sublett to speclflc terms or conditions, have been notified to you. There have been no breaches of terms or conditions In the appllcatlon of such income. Yours faithfully Signed on behalf of the board of trustees 2 May 2023