REGISTERED COMPANY NUMBER: N1681532 (Northern Ireland) RECISTERED CHARITY NUMBER: 108607 Report of the Trustees and Flnaneial Statements for the Year Ended 31 August 2023 for Go Sow Mccleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street Lisburn Co. Antriin BT28 ITP
Go Solv ConteThts of the Fiiiancial Statenients for the Year Ended 31 August 2023 PAge Report of the Trustees Independent Examiner's Report Stalement of Financial Activities Balance Sheet Noles to Ihe Financial Statements
Go Sow (Reglstered number: N1681532) Report of the Trustees for the Year Ended 31 August 2023 The trustees who are also directors of the charity for the purposes of the Coinpaiiies Act 2006. pres¢nt their report witli the financial staleinents of the charity for the year ended 31 August 2023. The tru,stees have adoptecl the provisions of AcLounting and Reporting by Charities.. Statement of ReComended PraLtiLe appliLable to L'harities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (eft'ective l January 2019). STRUCTURE, COVERiYANCE AND MANAGEMENT Governing document The cliarity is controlled by it.% govemiiig document, a d¢ed of trust, and constitutes a liinited coinpany> limited by guaraiitee, as defiiied by the Coiiipanies Act 2006. REFERENCE AND.4DMINISTRATIVE DETAILS Regiiitered Companv nuiilber N16¥1532 (Northcm IrLland) Re%istered Charity number 108607 Registered ollee 23 Edenticullo Road Hillsborough Co. Down BT26 6PH Trustees Gary Fraiicis Bolton Ms Tracey Keiiiiedy Mr Clifford Siillivan Mr Andrew Wallace (resigned 12.9.23) Independent Examiner Joliii MLCleaiy , FCA Mecleary & Coinpany Lid Chartered Accountants GaTrey Studios 14 Longstone Street Lisblirn Co. Anlrim BT28 ITP Approved by order of the board of trustees on 14 February 2024 aiid sigiied on its behalf by: Ms Tracey K¢nnedy - Trusl¢e Page I
Independent Examiner's Report to the Trustees of Go Sow I report on the aceounis of the company for the year ended 31 August 2023, which are set out oil pages four to eleven. Respective responsibilities of charity trustees and examiner As ihe charitv's trustees {and also the directors for the purposes of company law) you are Yesponsible for the preparation of the accounts in accordance with the requirern¢nts of th¢ Companieb Act 2VO6. Having satisfied myself that the charity is not subject to audit uiider company law and is eligible for indepeftdeni examination, it is iny responsibility to: examine the accounls under Section 65 ot the Chariiies Acl follow the procedures laid down in th¢ general Directions giv¢n by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charitie% Act state whether partiLular mattcrs Iiav¢ come to my attention. Basis of the independent examiner's report I have examined your eharlty accounts as required under Section 65 of the Charities Act and my examination was carried out in accordance with the general Directions gii'en by the Charity Cominission for Northern Ireland under Section 65{9)(b) of il)e Charilies Act. The examination included a review of Ihe accountii)g records kept by the cliai'ity and a coinparison of the aL'Lounts presented with those reLords. It a150 included consideidlion uf any unusual iteins or disL.105ures in the dLLounls, and seeking explaiiations from you as charity trustees concerning aiiy such Inatters. My role is to stale whether any material inatters have come to my attention giving Ine cause to believe: That accounting record.s were not kept in accordance witli Section 386 of the Companie8 Act 2006 That ihe accounts do not accord with those accounting record That the accounts do not comply with the accounting requirements ot. Section 396 ot. the Companies Act 2006 and with rhe methods and principles of Ihe Charities Statement of Recominended Practice applicable to charities preparing their accoullls in accordance with the Financial Reporting Standcircl applicable in the U K and Repiiblic of Ireland That there is further information needed for a pi-oper understai)ding of the accounts to be reached. Independent examlner's statement I hai'L LoiiiiIILILd Iny cxamiiidlion and have no concerns in respecl ot. the malters { l ) lo (4> lisled above and, in connection with followiiig the Directions of the Charity Commissioii for Northern Ireland, I hai'e found no inalters Ihal require drawing to your attention. John Mccleary , FCA Mccleary & Coinp(Iny Ltd Chartered AccountaiitS GareY Studios 14 Longstone Street Lisbum Co. Aiitrim BT28 ITP 14 February 2024 Page 2
Go Solv Statement of Financial Activities for the Year Ended 31 August 2023 Period 13.8.21 lo Year Ended 31.8.23 Unrestricted fund Total fL)nds Note.$ INCOME AND EiYDOWMENTS FROM Donalion.% and legacic 27.903 EXPENDITURE ON Charitable aetivities Direit Cost Support Costs Totul 9,538 1,874 24.076 1,2?2 NET INCOIIIEI(EXPENDITURE) (259) 2.605 RECOiNCILIATION OF FUNDS Totiil fun(Ls brought forward 2,605 TOTAL FUNDS CARRIED FORWARD The notes fonn part of these financial stateTnents Page 4
Go Sow (Reglstered number: N1681532) Balanee Sheet 31 ,lugust 2023 31.8.23 Unrestricted fund 31.8.22 Total Notes FIXED ASSETS Intangible assets 11.200 12.600 CURRENT ASSETS Cash al bank 2,798 ,561 CREDITORS Ainounts. fallinby due withiii one yedr (11,65?) (11,556) NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES 2,346 2.605 NET ASSETS FUIYDS Unr¢stricted funds TOTAL FUNDS The charitable company is entitled to exempiioii froin audit under Seclion 477 of the Coinpanies Act 2006 for the year eiiLlul 31 Au¥us12023. The Inembers have not required th¢ ciiinpany lo c)biain an audil of its tinancial statements for the year ended 31 Augusl 2n2.1 in accordance with 8ectinn 476 of the C.nmpAI)ies Aci 2()()(). Th¥ Irustccs acknowlcdgc tlicir rcsponsibilitics for (a) ensuring that the charitable coinpany keeps accouiiting records that coinply with Sections 386 and 387 of the Coinpanies A¥1 2006 and preparing fiiidncial stdlements w'hich give d true and fdir view of the state of dffairs of the charit¢ible coinpany (Is at the end of eaLh financial year and of ils surplus or defiLii fur each finanLial year in accordance with the requirenientt+ of SeLtions 394 and 395 and which othenvise comply with the requirements ot" the Companies Act 2006 relating to tiiiaiicial stateiiieiits, so far as applicabl¢ to tlie cliai'ilabl¢ coiiipaiiy. (b) The notes fonn part of these financial stateTnents Page 5 continued...
Go Sow (Reglstered number: N1681532) Balance Sheet - eontinued 31 ,lugust 2023 These financial statements have been prepared in accordance with ai)d delivered in accordance with the special provisioiis applicable to small charitable ¢oimpani¢s subject to th¢ srnall COlT]panies regime. The tinancial statements were approved by the Board of Trustees and authorised for issue on 14 February 2024 and were signed on its behalf by: Ms Tracey Kennedy - Trustee Mr Clifford Sullivan - Trustee The notes fonn part of these financial stateTnents Page 6
Go Solv Notes lo the Financial Statements for the Year Ended 31 August 2023 ACCOUNTING POLICIES Basis ol-preparing the linancial statements The financial stateiiients ot the charitable company, which is a public benef1t entrty under FRS 102, have been prepared in accordance with the Charitie.% SORP (FRS 102) 'Accounting and Reporting by Charities.. Stateimenl of Recoinmended Practice appliL2ble to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ot Ireland (FRS 102) (eftective l January 20191,, Financial Reporting Slandard 102 'The Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland, and the Companies Act 2006. The financial stateinents have been prepared under the hislorical cost convention. Financial reporting standard I02 reduced disclosure exemplions The charitable LompaLiy hag taken advdrltage uf the following. disLlusure exemptions in preparinb these finanLial statenients, as periiiitted by FRS 102 'The Financial Reportlng Standard applicable iii the UK and Republic ot. Ireland,: the requirements of Section ? Statement of Cash Flows Incorne All income is recogni.sed in the Stateinent of Findncial Aclivities once the charity h&s entitleirlent to ihe fundy, it 14 probable that the incoirje will be received and the amouiit Lan be measured reliably. Expenditure Liabililics are recognised as expenditure aq soon as there is a legal or constructive obligation cominitling the charity 10 Ihdl LXPLndiliiTe, il is probablL Ihdl a transf¢r of e¢onoinic benLfi15 will be reqUIrL in seiileinent dnd IhL' amviiiit of the obligation can be measured reliably. Eypendilure 18 accounted for on an accruals baqis and has been classified under headings that aggregate all cost related to the L'ategory. Where costs cannot be directly attributed lo particular heading7S they have been allocated lo activities on a basis consislenl with the use ot. resources. Amortisation of dei'elopment costs Developmeni costs are being amortised in the accounts over a period of l O years on a straight line basis Taxalion The cliarity i¥ exempt from corporation tdx on it% charitable activities. Fund accounting Unrestricted tunds can be used in aecordance with the charitable objectives at the discretion of the trustees, Restricted tlinds Can only be used for parti¢ular restricted purposes within the objects of the charity. Restrictioiis arise when speci fied by the donor or when fund5 are raised for parlicular restricted purpose%. Page 7 continued...
Go Solv Notes to the Financial Statements - eontinlled for the Year Ended 31 August 2023 NET INCOMEI(EXPEINDITURE} Net income/(expenditure) is stated after chargiiixlicrediling).. Period 13.8.21 Year Ended 31.8.23 31.11.2? Developlnent costs aii)ortisatioii TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benetiLs for Ihe year ended 31 August 2023 nor for the period ended 31 Augiist 2022. Trustees, expenses There were no Iruslees, expenses paid t'or the year ended 31 Augusl 2023 nor for the period ended 31 Augusl 2022. COMPARATIVES FOR THE STATEMEIYT OF FINAIYCIAL ACTIVITIES UnregiriLte fund INCOME AND ENDOWMENTS FROM Donations and legacies EXPENDITURE ON Charitable activitie$ Direct Cost Support Costs Total 24,076 25,298 NET INCOME 2,605 TOTAL FUNDS CARRIED FORWARD 2,605 Page 8 continued...
Go Solv Notes to the Financial Statements - eontinlled for the Year Ended 31 August 2023 INTANGIBLE FIXED ASSETS Developme costs COST Ai I September 2022 and 31 Augus¢ 2023 AMOR TISA TION Ai i Septeiiiber 2022 Charge tor year Al 31 Augusl ?023 iYET BOOK VALUE At 31 August ?023 At 31 Aiigust ?022 14,000 1,400 1,400 2,800 C.RF,DITnRS: AMnllNTS FAT,I,INC DIJF, WITHIN nNF. YF..4R 31.8.23 31.8.2? other loans Isee notc 7) Accrued expeiises 10,500 11 ()52 LOANS An analysis of thc maturity ot'loans is givcn bclow: 31.8.23 31.8.22 Amoiinls falling di within one ye%ir L)n deinand: Other loans Page 9 continued...
Go Solv Notes to the Financial Statements - eontinlled for the Year Ended 31 August 2023 MOVEMENT IN FUNDS Net movement in funds At 31.8.23 At 1.9.22 Unrestrieted funds General t.und 2,605 (?59) 2,346 TOTAL FUNDS Net moveiment in funds, included in the above arc as follows: Incoining resources Resources expended Moveiment in I'unds Unrestricted funds General fund (11.412) (259) TOTAL FUNDS 11412) Comparydtives for moTrement in funds Nct movcmci)t in funds Ai 31.8,22 Unrestrlcted funds GL'nLral luiid 2,605 2,605 TOTAL FUNDS Comparative net movement in funds, included in the above are as follows: Lncoiiiing resources Resource% expended Movement in fuiids Uiiresti'icted funds General fund 27,903 (25.298) 2,605 TOTAL FUNDS 25 ?()14) Page 10 continued...
Go Solv Notes to the Financial Statements - eontinlled for the Year Ended 31 August 2023 RELATED PARTY DISCLOSURES A loan of £10,500 for the Development of a Technolog.ical App was advanced to the Charity by Ms T Kennedy. A further £6,825 wa% charged to the Chdrit). by Mr M Keiinedy, the husband of a triistee, for consultancy work. Page 11
This document was delivered using electronic communications and authenticated in accordance with the registrar's rules relating to electronic form, authentication and manner of delivery under section 1072 of the Companics Act 2006.