ST RONAN'S COLLEGE FOUNDATION COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 ￿RCH 2023 Y￿r Ended 31 M•r 23 Unrestricted Restrtcted nd8 lurKI8 Total fund• Inc¢)mo •nd •ndovffiients Dongtions and legacle8 Charttable aGtlvttle8 Oth8r Incom8 27.970 46,179 27,970 45.179 33.184 106,333 33.184 33,184 Tot•1 Incom• 73.149 Exp•ndltur• Expendlture on raI￿n9 fiJnd8: Co$ls of ralslng donatlons and legaci Exp8ndlture on charitable aC￿VIlle8 Totsl •xpondltur• 9,886 1221 11,107 9,880 1,221 11.107 14•t Inc(xn• and n•t mov•m•nt In fund• 82.042 33,184 95,226 R•con¢lllatton rffund8 Op•nlng Fund8 1 Aprfl 2022 Total lund• c•rrf•d IoThArd 18 3,402 85.494 3,452 98,878 33,184 The statsment of ftnanclal acuvllles In¢lude8 all galnj and1088ei recognl••d In the yaar. AJI Income and exp¢ndliure derlve from conynulng •¢UvtttOS. Th• not•B p#gts 10 tr• 15 fomi pArt ofthg¥• fi￿￿¢1•• olatsfftents. ST RONAN'S COLLEGE FOUNDATION COMPANY uwfED BY GUARApifEE STATEMEPIT OF FINANCIAL posmoN 31 IAARCH 2023 31 IA¥r 23 CURRENT ASSEf8 13 Cash at bank and In trAnd 17.859 84.373 102.232 CREDITORS: am¢Mmts tsnlng du• TAllhln •)n• NEf CURRENT ASSErs 14 3.554 98.678 TOTAL ASSETS LESS CURREIIT UABiunES MEf ASSETS 98.678 98.678 FUNDS OF THe CHARrrY Restricted funds 33,184 65,494 98.878 Total ¢h•rfty f•Jnd• 15 For the year endtrg 31 March 2023 tr* Yds enolled to exwTyl¢on from Lmder sectitin 477 perlod In question in accordan￿ with 476: companies subie¢t to the small compan￿. wtme. The statement of financial position continues on the following page. The nolè• oft pw 10 to IS ￿rt01th8￿11￿￿ClWlJla14fft ST RONAN'S COLLEGE FOUNDATION COMPANY uMrrED BY GUARAKfEE STATEmE￿r OF FINANCIAL POSMON (¢tyth¥•• 31 AIARCH 2023 23. arKI are svdr￿d on bthalfof the board trj.. Mr C Loughr8n Dirnclor Ms M Mclntyre Director ST RONAN'S COLLEGE FOUNDATION COMPANY uwfED BY GuARAF￿EE STATEIIEKf OF CASH FLOWS YEAR ENDED 31 IIARCH 2023 31 Mar 23 CASH FLOWS FROM OPERATING ACTivmES Net income Adjustments tr. Interesl payabk and 21 121JO Changes in." Trade athl debtt {14,157) 2.104 84,394 (21) 84.373 NET INCREASE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALEKfs AT BEGINNING OF PERIOD 84.373 CASH AND CASH E￿ALENTs AT END OF PERIOD 84.373 ST RONAN'S COLLEGE FOUNDATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 PAARCH 2023 GENERAL INFORMATION The ¢harfty is a public benefft entity and a private company limited by guarantee. registered in Northem Ireland and a registered charity in Northem Ireland. The aydress of the regi%tered office is St Ronan's Col*e, Ffancis Stree( Lurgan, Co. Amiagh, BT66 6DL. United lQngdom. Z STATEMEKf OF COMPUANCE These financial statements have been prepared in convian￿ with FRS 102. The Financial Reporting Stsndard applicable in the UK and the Republic of Ireland.. the Statement of Recommended Practre ap￿1¢able to tharibes preparing their accounts in accordance with the Financkql Reporbng Stsndard applicable in the UK and Republic of Ireland (FRS 102) {Charities SORP {FRS 102)} and the Cmwanies kt 20(￿. ACCOUNTING POLICIES Bas18 of preparntion The financh41 statements have teen wepored on the hist￿1 rnsl basis. as ft￿dified by the ravaluation of certain financial assets and liabilities and investwl properties measured at fair value through income or eXpendi￿re. The financial statements are prepared in sterliw. wthich is the ￿rth)nal Cu￿e￿ ofthe entity. Golng concern There are no material uncertaint￿5 about the charitys ablty to continue. Judgmwnts and key sourcos of fjstimation uncortalnty The preparation of the financial statements requi￿ nBnagenEnt to make judgements, estimates and assumptions that affect the amounts re￿￿ed. These estimates and judgements are conkn"nualty reviewed and are based on experience and other thtors. including expectations of fvture events that are believed to be under the circumstances. Fund a¢counting Unrestricted funds are availab]e for use at the discretion of the trustees to further any of the d￿rIty'S purposes. Designated funds a￿ unrestrthl fvnds earnwked by tre Irustees for partKular fulure project or commitment Restricted funds are subjected to restrictions on their expw)diture declared by the donor orthrough the temB of an appeal and fall into on8 of tsyo sulKlasses'. restricied Ir￿)me funds or endowment funds. 10 ST RONAN'S COLLEGE FOUNDATION COMPANY UP￿￿ED BY GUARAp¥fEE NOTES TO THE FINANCIAL STATEMENTS (¢w*¥•ffj YEAR ENDED 31 PaARCH 2023 ACCOIJNTIIIG PoL￿[E8 1e•*ty passed to the ¢tsrity,' it is PTQtob* th* the economtc beneffts associatsd the tr￿￿èctiOn wlll llow to the ch*ity arml the 8nMXSnt be Thwsured. The foUwrwJ speufic policies are impractical to measwe reliaW, in T*ttith case the value is derived from the cost to the donor or the esliThHted resle value. t￿￿￿ted fracifrties and serrf1￿ are recognwl In the accounts contracted ser¥￿e. This ig ckssifth as ￿reStrICted funds unless there is a ¢￿traCtual VAT which ￿nn01 be fiAty rec¢rrned. 8rMI ig classi￿d under headiry oithe statèmentoffinancial expendituro on raistrvJ funds the ¢osts of all fvrKtr•sing actsvibes, events, rK*r tharitable tradww a(*vib* •KI the sale Ofd￿￿tsd goods. exwytture on clwilth a[tri￿ ¥xludes all costs wurred ty a charlty In undertaklng activittes that further its charilabb al￿ benefft of its beneficiaries, induding those actNitres. attributable to a single a￿ are alocated dtr• to U)•t &t¥ity. Shared costs are apwtioned betrween ts xiivit*s c￿ribute to on a reasonable. juslifAble and consistent basis. A firHn¢ial asset or a fuwcial is reCogr1￿ tharity becomes a paty to the 11 ST RONAN'S COLLEGE FOUNDATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMEKfs {¢th7ORu• YEAR ENDED 31 MARCH 2023 ACCOUNTING POUCIES Fln•nclal In8trum•nts Ba8lc finandal Instruments are Inlll•lty rewlsed at •rm)unt reCeI￿ble or payable InGWlng any related tranBadon cogtg. Current a88ets and current Ilabllitles are 8ubsequentty m￿Sured at the ca8h orother con8kleratk*n expected lo be paid or reGeived and not di8c(wnted. Debt Instruments aro subsgquenyy measured at amortlsed co8L ere investrnenl8 in ¥hare¥ are publlcly traded or thelr fair value Gan othepM8e bg measured reliably. the investment Is subsequently mèasured al f8lr value wllh changes In f8lr value recognl$ed In In￿me and expendlliwe. All other •uch Inve8tsMnts are sub8equenUy mea8ured at ¢o#l leB8 Impalrrnfjnt. Other flnandal In8tNmenl8. Includlng d•rlvaffjv8$. ore Into•1￿ re¢ogn18ed at falr Value. unle$8 payment for an 488•t18 deferred knond nomMI bu8lness tern￿ or flnanced at a rats ol Intsre8t thal18 not a market rate, In wthlch ca88 the a88¢t 1$ meo8ured 81 the pre$ent v•lu• of th• futur• payments dlacounted at a market rate of Interest lor a 81mllar debt Irthment. Olherfinanclal InStrum￿ts are jubsequendy measured atlalr value, wlth any change8 recognlwl In th• Statement of flnanclal actlvltle8, wlth the excepdon of hedglng Instruments In a de8lgnated hedglng r¢l•tlMthIp. Flnanclal 488•18 that are m048ufed al cost or amort18•d c08t are r•vle**d for obfvcllve evldence of Impalnnent at the end of 94¢h roPQrtlng date. 11 there Is oblectlve evldence of ImpalrnienL an Impalrmenl108818 recogn18ed under the 4PWOPrtal• h¢8dlng kn the •tstement offlnandal a￿vItI08 In whkh the InilAI galn wa$ recogn11￿. Forall equlty Instruments rngardl￿8 0181gn1fl￿nCe. and otherfinanclal 8888ts that are Indlvldually 81gnlfic8nl, the8e Are a88e88ed Indlvldu81ty for Impalment. Olher ftnan¢fjal 88&et8 are •llher •8eBsed Indlvldualy or grouped on the ba818 of slmllar credlt rf•k ¢haract•rl8tlc8. Any rnv•r8aL• ol Impalnmnt am r•cognbBod Immedlatsty, to extent that tho r￿er¥al doe• not result In a corrylng amount of the financlal a18et that exceed8 what the corrylng amount would have b¢8n had the Imp8lmi8nl not wevlously been recognlsed. UMITED BY GUARANTEE st Ronan'• Collep Foundaknn 1$ a company Ilmlied by guarantee and accordlngly doeg not hav¢ Jhar8 cap6ts1. 12 ST RONAN'S COLLEGE FOUNDATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMEKfs lewth YEAR ENDED 31 MARCH 2023 DONATION8 AND LEGACIES Unre8trfctsd Totsl Furtdm Funds 2023 DONATIONS Donatlons SRC Staff Donatk)n# 28,000 1,970 27.970 26,000 1,970 27,970 CHARITABLE ACTIVITIE8 Unrethcted Tolal Fund• FunLI8 2023 Othor Income from charltable acUvMi88- Br¢akfa•t Other Incomè from charltable actlvMlu- M4r8thon Other Income from charllable aCtIv￿le¥- Cow Clap othèr income from chAritsbl6 actlvitle8- Alumnl R•unlon other Income from char6tsblè acllvftlo$- Tablo qulz 8,728 24.355 12.480 318 1,300 45,179 6,726 24,355 12.480 318 1,300 46,179 OTHER INCOPIE R•Jtrf¢tsd Total Fund• Fun