Progeny Teen Support Company limited by guarantee Statement of Financial Activities Year ended 31 March 2023 Unrestricted Restricted Total Funds Total Funds Funds Funds 2023 2022 Note Income from: Donations and legacies Charitable activities Investments Total incomlng resources 3.429 28,082 3,429 28,082 5,123 11,951 31,511 31,511 17,074 Expenditure on: Raising funds Charitable activities Other expenditure Total expendlture (23,523) (23,523) (6,923) (23,523) 123,523) (6,923) Net movement in funds 7.988 7,988 10,151 ReconGiliation of funds Total funds brought for*vard 10,151 10,151 Retsined earnings at the end of the year 18,139 18,139 10,151 All the activities of the company are from conts'nuing operations. The notes on pages 12 to 14 form part of these financial statements.
Progeny Teen Support Company Ilmited by guarantee Balance Sheet 31 Plarch 2023 Nots Unrestricted Restricted funds funds Total funds 2023 Total funds 2022 Fixed assets Tangible fixed assets 2.783 2.783 2,783 2,783 Current assets Cash at bank and in hand Total current assets 15.716 15.716 15,716 10,511 Liabilities Creditors: amounts falling due wlthln one year (360) (360) Net current assetsl{Ilabllltles) 15,356 15,358 10,511 Total assets less current liabllltle8 15,356 15,356 10,511 Creditors: amounts falllng due after more than one year Net a88ets 18,139 18,139 10,511 Charlty funds Unrestricted funds Restricted funds 10 10 18,139 18,139 10,511 Total charlty funds 18,139 18,139 10.511 For the year ending 31 March 2023 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. 10
Progeny Teen Support Company Ilmited by guarantee Balance Sheet (continued> 31 March 2023 These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime and in accordan with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. These financial statements were approved by the board and authorised for issue on 21 December 2023, and are signed on behalf of the board by- IL. Karen Wllton Trustee The notes on pages 12 to 14 form part of these financial statements. 11
Progeny Teen Support Company limited by guarantee Notes to the Flnanclal Statements Year ended 31 March 2023 General information The company is 8 private cornpany limited by guarantee, registsred in Northern Ireland. The address of the registered office is 8 Prieststown Road, Ahoghill, Co. Antrim, BT42 2PQ. On 6 October 2022 the company changed its name from Safe Spaces For All to Progeny Teen Support. Statement of compllance These fin8nci81 statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities (SORP 2015),. issued in July 2014 and the Companies Act 2006. 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 through profit or loss. The financial statements are prepared in sterling. which is the functional currency of the entity. Income Income 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. Income resources from donations and legacies Unrestricted Restricted Total Funds Funds Funds 2023 Total Funds 2022 Donations and gifts Gtft Aid 3.429 3,429 5,123 3,429 3,429 5.123 Incoming resources from charltsble.actlvltles Unrestricted Restrlcted Total Funds Funds Funds 2023 Total Funds 2022 Income from charitable activities Grants 7,677 20,405 7,677 20,405 1,851 10,100 28,082 28,082 11,951 12
Progeny Teen Support Company Ilmited by guarantee Notes to the financial statements (continued) Year ended 31 March 2023 Expenditure on charitable activities Unre8tr1cted Restrlcted Total Funds Funds Funds 2023 Total Funds 2022 staff costs Charity wnning expenses Donations Govemance costs 12.950 10.213 12.950 10.213 2,300 3,763 500 360 360 360 23,523 23,523 6,923 Tanglble flxed assets Fixtures, fittings and equipment Total Cost As at 1st April 2022 Additions Disposals A8 at 3111 March 2023 3,480 3,480 3,480 3,480 Depreciation As at 1st April 2022 Charge for the year Eliminated on disposal 697 697 8t As at 31 March 2023 697 697 Net book value As at 31st March 2023 As at 31st March 2022 2,783 2,783 Taxation The company is a registered charity and does not carry out a trading activity. It is therefore exempt from taxation.
Progeny Teen Support Company limitèd by guarante8 Notes to the Flnanclal Statements (contlnued) Year ended 31 March 2023 Creditors 2023 2022 Accruals 360 360 10. Summary of funds reconclllatlon Opening Balance Closing Expenditure Tran8fers Balance Income Unrestricted funds General 10.151 10,151 31,511 (23,523) 18,139 Restrl¢tsd fund8 General 10,151 31,511 (23,523) 18,139 14