Starling Collective Statement of Financial Activitles For the Year Ended 31" March 2024 31.03.2024 Total Funds 31.03.2023 Total Funds Note Unrestrleted Funds Restrlcted Funds INCOME AND ENDOWMENTS FROM Donations and legacies 13,677 13,677 11,157 Grants and Other Incorne 98,103 98,103 159,473 Total 13,677 98,103 111,780 170,630 EXPENDITURE ON Charitable actlvlties Direct 7,002 170,612 177,614 163,102 Other Total 7,002 170,612 177,614 163.102 NEf INCOME/{EXPENDITURE) Transfer betiveen f urtsd5 6,675 458 172,5091 14581 165,8341 7,528 NET MOVEMENT IN FUNDS Total funds brought fori'iard 7,133 9,163 172,967} 76,974 (65,834} 86,137 7,528 78,608 TOTAL FUNDS CARRIED FORWARD 16,296 4,007 20,303 86,136
Starling Collective Balance sheet as at 31" March 2024 31.03.2024 Total Funds 31.03.2023 Total Funds Note Unrestrlcted Funds Restricted Funds FIXED ASSETS Tangible assets 680 680 1,467 CURRENT ASSErs Cash at bank Debtors Accrued Income 17,433 240 11,196 28,629 240 19,510 41,705 49,234 19,510 Total Current Assets 17,673 30,706 48,379 90,939 CREDITOR5 Amounts falling due within one year 12,057) 126,7001 {28,7581 {6,2701 NEf CURRENT ASSETS 15,616 4,006 19,622 84,669 TOTAL ASS5 LESS CURRENT LIABILITIES 16,296 4,006 20,302 86,136 NET ASSErs 16,296 4,006 20,302 86,136 FUNDS Unrestricted Funds Restricted Fu nds 16,296 4,007 9,163 76,974 TOTAL FUND5 20,303 86,137 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024 The rnernbers have not required the company to obtain an audit of its financial statements for the year ended 31°, March 2021 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for lal Ensuring that the charitable company keeps accounting records that comply with sections 386 and 387 of the Companies Act 2006 and Ibl Preparing financial statements which give a true and fair view of the state of affair5 of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirement5 of the Companies Act 2006 relating to the financial statements, so far as applicable to the charitable company.
Starling Collective Balance sheet as at 31 March 2024 continued 5t These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies, i-egime The financial statemeRlts were approved and authorised for issue by the board of trustees on .2 t. ? 2s and were si]ed on its behalf by Name of Trustee &visè 5/e40LEg Date tsq / 201 Position Signature Starling Collective 10 | Page
Starling Collective Notes to the Financial Statements For the Year ended 31, March 2024 I. ACCOUNTING POLICIES Basis of preparing the financial statements The financial statement of the charitable company, which is a public benefit entity under FRS 102, has been prepared in accordance with the Charities SORP IFRS 1021, Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20151, Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland Companies Act 2006. The Financial statements have been prepared using the historical c05t convention. Income All income is recognised in the Statement of Financial Activities once the charity has an entitlernent to the funds, the income will probably be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive Obligation committing the charity to that expenditure, a transfer of economic benefits will probably be required in settlement and the amount of obligation can be measured reliably. Expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs relating to that category. Where costs cannot be directly attributed to particular headings, they have been allocated to 3Ctivitie5 on a basis consistent with the use of resources. Tangible Fixed Assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful Ilfe Computer Equipment 33.3Y. Taxation The charity is exempt from corporation tax on its charitable activities, Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes Wlthin the objects of the charity. Restrirtions arise when specified by the donor or when the funds are raised for particular restricted purposes. Further explanation of the nature of and purpose of each fund is included in the notes to the financial statements.
Starling Collective Notes to the financial statements . .continued For the Year Ended 31" March 2024 2. DONATIONS AND LEGACIES 31.03.2024 Total 31.03.2023 Total Donations Grants Total 13,677 98,103 111,781 11,157 159,473 170,630 3. NET INCOME/(EXPENDITURE) 31.03.2024 31.03.2023 Net incon)e/lexpenditu rel is stated after charging/lcrediting} Depreciation- oi'ined assets 787 758 4. TRUSTEE'S RENUMBERATION AND BENEFITS There i'iere no trustee's renunieration or other benefits for the year ended 31st March 2024 Trustee Expenses There were no trustee's expenses paid for the year ended 31st March 2024 5. STAFF COSTS The average monthly number of employees during the year was as follovS 31.03.2024 Administration No employees received enoluments in excess of £60,000
Starling Collective Notes to the financial statements ...continued St For the Year Ended 31 March 2024 6. TANGIBLE FIXED ASSETS Computer Equipment Totals COST At l April 2023 Additions Disposals At 31st March 2024 2,409 2,409 2,409 2,409 DEPRECIATION At l April 2023 Charge for the year Disposals At 31st March 2024 (942) (7871 (942) (787) (1,729) {1,729) NET BOOK VALUE At 31st March 2024 680 680 At 31st March 2023 1,467 1,467 7. DEBTORS: AMOUNTS FALLING DUEWITHIN ONEYEAR 31.03.2024 31.03.2023 Prepayments Accrued Income 240 19,510 19,750 240 48,994 49,234 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.03.2024 31.03.2023 Accrued Expenses Deferred I ncome Payroll Creditors Total Creditors: Amounts falling due within one year 26,700 2,058 28,758 6,270 6,270 131 Page
Starling Collective Notes to the financial statements . .continued For the Year Ended 31" March 2024 9. MOVEMENTlht FUNDS At 01.04.2023 Prlor Year TransfeTS Net Movement At in funds 31.03.2024 Unrestrlcted Funds G&1 bèral Fui)d 9,163 458 6.676 16.296 Rtstrlcted Fund5 Ibert Huni Tryst Ai'ards lor All Belfèst City Council Con)nlunity FouDdation Nl - Destitution (Menl Con)niunity FouD.dation Nl- Comic Relief Communtty Found3tiun Nl- Oak Ilvomén Dèsitution I Coiiin)unity Fovndatlvn Nl- Rvd Cross Conimunity Foundoiion Nl Tratin)3 Halifax Nortliern Irelèfjd A55nciatioA for the Care and Reseit5ement of Ofler,de15 INIACP.01 Oak Erier8ency Oak Housing ènd HomleSS Innovation The American Fiind Ireland Truslee5 of LFT Soi 4ely of The Holy Child of Jesus Quakey Quèèns Univer>ity Belfast U15ter Garden VillaEes Total restrl¢ted funds 11081 2,224 3,994 12,0231 4,770 12,682 40,045 213 83 12,1241 3.875 13.8421 1,568 328 25 11001 17,8691 5,865 16.3381 113,0101 137.9821 101 101 101 2,062 101 12161 50 1501 264 Is.000 1841 131 12641 113.0571 1,944 101 84 76.974 14581 172.5091 4,005 TOTAL FUNDS 86,136 165,8341 20.303 Incomlng resources ResouTce$ Movement In Expended tund$ UnrestrÉctod Fund$ General Fund 13.677 17,W21 6,676 Restrlcted Funds Albert Hunt Trust A;:.ards for All Bplf3sl city Council Coflll))bi)ity Foundalion Nl Conin)unity Foundation Nl Dèsiitution (Klenl Communiiy Foupdation N5 - Coniic Rolief Conii1)unity FounLlation Nl Oak (Women Desirution I Conimunity Foundation Nl Red CrG5S Foundation Nl - Tr3un)a 3,900 13,8751 iiooi 11501 110.9941 11351 17,0521 116,1801 169,4181 13,3971 125,2131 15,0501 13,3971 25 11001 150 3,125 6.00) 714 3.170 31,436 3,400 25,213 s,000 3,400 17.8691 5.865 16,3381 137.9821 Halifax Oak Eniergency Oak Hou5iiig and Homeless Innovation The An)eiican Fund Ireland TILIS of LFT Society ol The Holy Child of le5U5 Quaker Queens University Belfast Ulster fjafden Villb6es Total R?5trleted funds 1501 113,0571 113.0571 12,595 98,103 112.5951 1170,6131 172.5091 TOTAL FUNDS 111.781 1177,6141 165,8341 14 | Page