Company Reglslratlon Number: N1681532 Charity Number: 108607 Go Sow IA company limited by guarantÈè, nat having a share capital) Annual Report and Unaudited Financial Statements for the financial year ended 31 August 2024
Go Sow IA company limited by guarantee, not having a share capital) REFERENCE AND ADMINISTRATIVE INFORMATION Trustèes Tracey Kennedy Clifford Sullivan Gary Bolton (Resigned 30 June 2024) Charity Number in Northern Ireland 108607 Company Reglstratlon Number N1681532 Reglstered Offlca 23 Edenticullo Road Hlllsborough Co,Down BT26 6PH Independent Examinor Mccleary & Company Ltd Chartered Accountants Garvey Studios 14 Lon9Stone Street Co, Antrim BT28 1TP
Go Sow IA company limited by guarantee, not having a share capital) TRUSTEES. ANNUAL REPORT for the financial year ended 31 August 2024 The Iruste6s present their Trustaes, Annual Report, combining the Dirèctors, Raport and Trust66s' Report. and the unaudited financial statements for the financial year ended 31 August 2024. Th8 financial statements are preparad in accordance with the Companias Act 2006, FRS 102 "Thg Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their financial slalem8nls in accordance with the Financial Reporting standard applicable in the UK and Republic of Ireland IFRS 102). The Trustees. Report mntains the information required to be provided in the Trustees. Annual Report under the Statement of Recommended Practice ISORPI guidelines. The Iruslees of the charity are also charity truslees for Ihe 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 Go Sow present a summary of its purpose, governance, activities, achievements and finances for the flnancial year 31 Augusl 2024. The charily is a registered charity and henc8 Ihe report and resulls are presented in a form which complies with the requirements of the Companies Act 2006 and, allhouqh not obliqed to comply with the Slatemenl of Recommended Practice applicable in Ihe UK and T<epublic of Ireland FRS 102, the organis81ion has implemented its recommendations where relevant in these financial statements. Structure, Governance and Management Governanco D o cu me n t The charily is controlled by irs governing documenl a deod of trust, and constitutes a limited company, limitod by guarantee, as defined by the Companies Act 2006. Financial Review The results for the financial year 8re sel DUI on page 7 and additional notss are provided showing income and expenditure in greater detaS1. Financial Results At the end of the financial year the charily has assets of £10,716 12023 £13,998) an¢J liabilities of £7,950 {2023 £11,652). The net assols of the charity have increased by £420. Trusl89s The trustees who served throughout the Financial year, except as noted. were as follows.. Tracey Kennedy Clifford Sullivan Gary Bolton (Resigned 30 June 20241 In accordance with the Constitution, th8 Iruslees relire by rolation and. being eligible, offer themselves for re-election. Compliance with S8Ctor-Wide Legislation and Standard5 The charity engages pro-actively with legislation. standards and codes which are developed for the sector. Go Sow subscribes to and is compliant with the following- The Companies Act 2006 The Charities SORP (FRS 102)
Approved by the Board of Trustees on 28 May 2025 and signed on its behalf by: Tracey Kennedy Truslee Cllfford Sulllvan Truslee
Go Sow IA company limited by guarantee, not having a share capital) STATEMENT OF TRUSTEES, RESPONSIBILITIES for the financial year ended 31 August 2024 The Irusteas. who ar& also directors of Go Sow for lh8 purposes of company law, ar8 rasponsibla for preparing the financial statements in accordance with applicable law and regulations, Company law requires the trus1ees as the directors lo prapare financial statements for aach financial year. Undar that law the trustees have elected lo prepare the financial Statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland" Under company law the trustees must not approve the financial statements unless thgy ar8 satisfied that they give a trug and fair view of thg slala of affairs of the charity and of the nel inGome expenditure cf the charity for that period. In preparing these financial statements, the trustees are required lo.. select suitable accounting policies and apply them conslstenlly.. make ju¢Jgements and eslimales thet are reasonable and prudent.. slate whether the financial statemen15 have been prepared in ac¢ordan¢e wilh the relevanl financial reporting framework, identify thos8 standards, and not8 th8 8ff8Ct and the reasons for any material departure from those slandards., and prepare the financial statements on the going conc8rn basis unless il Inappropriate to presume that the charlty will continue in operation. Th8 truste8s confirm that they have comp118d wSth the abov8 requirem8nts In preparlng th8 financlal statements. 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 charity and enable them to ensure that the flnancial statements comply wllh the Companies Act 2006. They are also responslble for safeguarding the ssets of the charity and hence for taking reasonsble steps for the prevention and detection of fraud and other irregularities. Approved by the Board of Trustees on 28 May 2025 and signed on its behalf by: Tracey Kennedy Trust00 Clifford Sullivan Trusloo
Go Sow IA company limited by guarantee, not having a share capital) INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF GO SOW I havè examined the financial statements of the charity for the financial year ended 31 August 2024, which comprise the Statement of Financial Activities (incorporating an Income and Expenditure Account), the Balance Sheet and the related nol&s. Re$pectlve responslbllltles of Irustee$ and examlner Thg charity's Irusteas (who are also the directors of the company for the purposes of company law} arg responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. The charity's Irusteas congider thal an audit is not required for this financial year undor Chapter 3 of Part 16 of the Companies Act 2006 and that an independent examination is required. 11 is my responslbilily to.. examine the financial statements under section 65 of the Charitie5 Act., follow the procedures laid down by the general Directions given by the Charity Commission for Northern Ir81and under section 6519)(b) of the Charities Act,. and slate whether particular matters have come to my attention. Basls of Independent examlnerfs report I have examined your charity financial slatemenls as required under section 65 of the Charities Act and my examinalion was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 651911b} of the Cht)rilies Act. An examination includes a review of the accounting records kept by the charity and comparison of the financial statements presenled with those records. It also includes consideration of any unusual items or disclosur8s in th& financial sla18menls and seeking explanations Irom the Irusle&s concerning any such ma118rs. The procedures undertaken do not provide all the evldence that would be required in an audlt and consequently no opSnion Is given as to whelher the accounls presenl a true and fair view and Ihe report is limiled to those mallers set out in Ihe statement below. In ¢onne¢lion wSth my examination, no matter has Come lo my attenllon which glves me cause to belleve that in, any material respect.. accounling records were not kept in accordance with section 386 of the Companies Act 2006 the financial statements do not accord with those accounting records the financial statements have not been prepared in accordance wth the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statemenl of Recommended Praclice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS1021 there is further information needed for a proper understanding of the accounts to be reached. Independent 8xamin&rfs stalement I have no COnrnS and have come across no other matters in connection with the examination to which attention should be drawn In this report in order to enable a proper undèrstanding of the financial statem8nls lo be reached. Ellzabeth Chambers FCA MCCLEARY & COMPANY LTD Chartered Accountants Garvey Sludios 14 Longslone Street Co. Antrim BT28 1TP
Date: 28 May 2025
Go Sow IA company limited by guarantee, not having a share capital) STATEMENT OF FINANCIAL ACTIVITIES Ilncorporatlng an Income and Expendlture Account) for the financial year ended 31 August 2024 Unrestrlcted Total Unrestricted Totsl Funds Funds Funds Funds 2024 2024 2023 2023 Notes Income Donations and1ggaci&s 6,900 6,900 11,153 11.153 Expendituro Charitable activities 6,480 6,480 11.412 11,412 Net Incomellexpenditurel 420 420 12591 {2591 Transfers betW8en funds Net movement In funds for the flnanclal 420 420 y•ar 12591 (2591 Reconciliation of funds: Total funds beginning of Ihe year 10 2,348 2,605 2,605 Tolal funds al tho end of the year 2,76e 2,766 2,346 2,346 The Statement of Financial Actwilies includes all gains and losses recognised in the financial year. All incom8 and 8xpenditure relate lo continuing aciivili8S.
Go Sow IA company limited by guarantee, not having a share capital) Company NumbÈr= N1681532 BALANCE SHEET as al 31 August 2024 2024 2023 Notes Fixed Assets Intangible assets 9.800 11,200 Current Assets Cash al bank and in hand 916 2,798 Creditors: Amounts falling due within one year {7,950) 111.6521 Net Current Liabilities {7,034) (8,854) Tolal Assets less Current Llabllltles 2,766 2,346 Funds General fund lunrestricled} 2,766 2,348 Tolal funds 10 2,766 2,346 These financial statements have been prepared in accordance with the special provisions relaling to small companies within Parl 15 of the Companies Act 2006. For the financial year ended 31 August 2024 the charity was entilled lo exemption from audit under section 477 of the Companies Act 2008,. and no notice has been dep0511ed under section 476. The trustees confirm that Ihe members have not raquirad the company lo obtain an audlt of Its financial statements for Ihe financial yeor in question in accordance with section 476 of the Companies Act 2006. The trustees acknowledge theSr responsibillties for ensurlng that the charity keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair Mew of the state of affairs of Ihe charity as at the end of the financial year and of its profit and loss for the financial year in 8ccord8nce with the requirernents of gectiong 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial stalemenls. so far as applicable to the charity. Approved by the Board of Trustee5 and authorised for issue on 28 May 2025 and signed on ils behalf by Tracey Kennedy Trustee Clifford Sullivan Trustee
Go Sow IA company limited by guarantee. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 August 2024 GENERAL INFORMATION Go Sow is a company limited by guarantee incorporated in Northem Ireland. The registered office of the charity 15 23 Edenticullo Road. Hillsborough, Co.Down, BT26 6PH which is also the principal place of business of the Charity. The financial statements have been presenled in Pound {£) which is also the functional currency of the charity. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policigs hav8 baen applied consislenlly in dealing wilh items which are considered material in relation to the charitys financial Statements. Basls of preparallon The financial statements, of the charitable company, which is a public benefit entity under FRS 102, have been prepared on the going concern basis under the historical cost convention. modified to include certain items al fair valu8. Thè financial slal@ménts havé boan prepar8d in accordanca with thè Sial@m8nt ol R8comm8ndèd Practicè ISORP} Accounting and R8POrting by Chariti8s preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" As p&rmilled by Ihe Companies A¢1 2006, the charity has varied the standard formats in that act for the Statement of Financial Activities and the Balance Sheet, Departures from Ihe standard formals are lo comply with the r8quir8m8nls of the Charities SORP and ar8 in compliance with section 4.7. 10.6 and 15.2 of that SORP. statement of compliance The financial statements of the charity for the financial year ended 31 August 2024 have been prepared on the going concern basis and in accordance wf(h the Slalemenl of Recommended Praclice ISORP) 'Accounling and Reporting by Charities preparing their accounts in accordanc8 with the Financial R8POrting Standard applicable in the UK and Republic of Ireland FRS 102". Cash flow staternent The charity has availed of the exemption in FRS 102 from the requirement to produce a cash flow stalemenl because it is classified as a small charity. Fund accountlng The following are the categories of funds maintaSned'. Rastrictod fund8 Restricted funds represent income received which can only be used for particular purposes, as specified by the donors. Such purposes are within the overall objectlV8s of Ihe charity. Unre8lrlcted funds Unre51ricted funds onsist General funds. General funds represent amounts which are expendable al the discretion of the board, in furtherance of the objectives of the charity. Income Incomè is recognised by inclusion in the Slalemenl of Financial Activities only when the charity is legally entitled to the incorne, performance conditions attached to the ilem{sl of income have been met. the amounts involved can be measured with sufficient reliability and il is probable that the income will be received by the charily.
Income from charitable activities Income from charitable activities include income eamed from the supply of services under contractual arrangements and from perfomiance related grants which have conditions Ihal specify the provision of particular services to be provided by the charity. Income from government and Other co-funders is recognised when the charity is legally entilled lo the income because it is fulfilling the condilions conlained in the related funding agreements. Expendlture Expendlture Is analysed belween costs of charllable acllvlll85 and ralslng funds. The cosls of each actlvliy are separately accumulated and disclosed, and analysed according to their major components. Expenditure is recognised whgn a18gal or conslruclivg obligalion exisls as a rasult of a past 8vent, a transfer of economic benefits 15 required in settlement and the amount of the obligation can be reliably measured. Support costs are those functions that assist lh8 work of the charity bul cannol ba aitribiiled lo one activity SLich costs ara allocated to activities in proportion lo staff time spent or C*ther suitable measure for each activity. Going Concern Going concem is a key ¢onsid8ralion for Ihe charity. However, discussions ar6 currently underway with polanlial funders, as well as a prospective leader who has expressed an interest in helping to guide and drive the charity forward. Cash at bank and In hand Cash at bank and in hand comprises Cash on deposit at banks requiring 18SS than thr88 months notlC8 of wlthdrawal. Taxation and deferred taxation No ¢uirent or deferred taxation arises as the charily has been granled charitable exemption. Irrecoverable valued added tax is expensed as incurred. Research and developmenl Development costs are being amortlS8d in the accounts over a p8ri0d of 10 y8ars on a straight line ba518. INCOME DONATIONS AND LEGACIES Unrestrictad Restricted Funds Funds 2024 2023 Donations and legacies 6,900 6,900 11,153 EXPENDITURE 4.1 CHARITABLE ACTIVITIES Dlrect Other Support Cosls 2024 2023 Costs Cost5 Expenditure on charitable activites 5,087 1,393 6,480 11,412 4.2 SUPPORT COSTS Charltable 2024 2023 Activitie5 Bank charges Independent examination 126 126 183 1.267 1,267 1,691 1.393 1.393 1,874
ANALYSIS OF SUPPORT COSTS Basis of 2024 2023 Apportionment Bank charges Independent examination 1000/. 126 183 100/0 1,267 1,691 1.393 1,874 NET INCOME 2024 2023 Net Income Is stated afler Gharglngl{credltlng): Depr8cialion of intangible assels Independent Examinerfs remuneration.. Independent examination servicas 1,400 1,400 1,267 1,691 INTANGIBLE FIXED ASSETS Development Costs Cost At 31 August 2024 14,000 Provlslon for At 1 September 2023 Charge for financial year 2,800 1,400 At 31 August 2024 4,200 Net book value At 31 August 2024 9.800 At 31 August 2023 11.200 CREDITORS 2024 2023 Amounts falllng due wlthln one year Other loans Accruals and deferred income 7,000 950 10,500 1,152 7,950 11,652 RESERVES 2024 2023
Al the beginning of ihe year Surplusl{Deficil) for the financial year 2,346 420 2,605 (259} Al the end of the year 2,766 2,346 10. FUNDS 10.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestrlcted Total Funds Funds Al 1 September 2022 Movement during the financial year 2,605 12591 2,605 1259} Al 31 August 2023 Movement during the flnan¢Sal year 2,346 420 2,346 420 Al 31 August 2024 2,766 2,766 10.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance Income expendlture Transfers Balance 1 September 2023 between 31 August 2024 funds Unrastricled funds Unrestricted General 2,346 6.900 6.480 2,766 Total funds 2,346 6,900 6,480 2,766 10.3 ANALYSIS OF NET ASSETS BY FUND Fix8d Currant Currant Total assots assets charlty use Unre5tricled gener81 funds 9,800 916 17.950) 2,766 9,800 916 17,950) 2,766 11. STATUS The charity is a company limited by guarantee not having a share capital. The of the members Every member of the company undertakes lo conlribute lo Ihe assets of the company in the event of its being wound up while they are members, or within one financial year thereafter, for the payment of the debts and liabilities
of the company contracted before they ceased to be members, and the costs, charges and expenses of winding up, and for the adjustmenl of the rights of the contribulors among themselves, such amount as may be required. nol exceeding £ 1. 12. RELATED PARTY TRANSACTIONS There were no trustees, remuneration, expenses, or other benefits for the year ended 31 August 2024 nor for the ended 2023 A loan of £10,500 was advanced by Mrs Tracey Kennedy for the development of a technological application. During the year to 31 August 2024, Mrs Kennedy agreed to write off £3,500 of this amount as a donation to the charity. 13. POST.BALANCE SHEET EVENTS There have been no significant events affecting the Charity since the financial year-end. 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 Companies Act 2006.