Starling Collective Statement of Financlal Activltles For the Year Ended 31" March 2025 Note Unrestrlcted Funds Restricted Funds Total Fund5 Total Funds INCOME AND ENDOWMENTS FROM Donations and legacies 10,050 10,050 13,677 Grants and Other Income 166,850 166,850 98,103 Total 10,050 166,850 176,900 111.780 EXPENDITURE ON Charltable actlvltles Direct 7,890 162,544 170,434 177,614 Other Total 7,890 162,544 170,434 177,614 NEf INCOME/{EXPENDITURE} Transfer betii'een funds 2,160 8,312 4,306 18,3121 6,466 165,834) NET MOVEMENT IN FUNDS Total funds brought forward 10,472 16,296 14.0061 4,006 6,466 20,302 165,8341 86,137 TOTAL FUNDS CARRIED FORWARD 26,768 26,768 20,303
Starling Collective Balance sheet as at 31" March 2025 31.03.2025 Total. Funds 31.03.2024 Total Funds Note Unrestrfcted Funds Restricted Funds FIXED ASSETS Tangible assets 262 262 680 cuRREr ASSErs Cash at bank Debtors Accrued Income 33,033 240 36,461 69,494 240 2,321 28,629 240 19,510 2,321 Total Current Assets 33,273 38,782 72,055 48,379 CREDITORS Amounts falling due within one year {6,7671 138,7821 145,5491 128,7581 NEf CURRENT ASSETS 26,506 26,506 19,622 TOTAL ASSETS LESS CURRENT LIABILITIES 26,768 26,768 20,302 NEf ASSErs 26,768 26,768 20,302 FUNDS Unrestricted Funds Restricted Funds 26,768 101 16,296 4,006 TOTAL FUNDS 26,768 20,302 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31" March 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31" March 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for 131 Ensuring that the charitable company keeps accountlng records that comply with sections 386 and 387 of the Companies Act 2006 and Ib} Preparing financial statements which give a true and fair view of the state of affairs 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 cornply with the requirements of the Companies Act 2006 relating to the financial statements, 50 far a5 applicable to the charitable company.
Starling Collective Balance sheet as at 31 March 2025 continued st These financial statemeiits have becii prepared in accordance with the provisions applicable to charitable companies subject to the small coinpanies, regime The financial statements were approved and authorised for issue by the board of trustees on on its behalf by and were signed Name of Trustee: Mary Catherine McNama Date: Signed.. Treasurer 10 | Page
StarliDg Collective Notes to the Financial Statements For the Year ended 31" March 2025 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 ReportinE 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 (effective 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 cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has an entitlement to the funds, the income will probably be received and the amount can be mea5Ufed reliablv. Expenditure Liabilities are recognised as expenditure as soon as there Is a leEal 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 ha5 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 activities 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 life Computer Equipment 33.3% 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 within the objetts of the charity. Restrictions 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 statement5.
Starling Collective Notes to the financial statements ...continued For the Year Ended 31 March 2025 2. DONATIONS AND LEGACIES 31.03.2025 Total 31.03.2024 Total Donations Grants Total 10,050 166,850 176,900 13,677 98,103 111,780 3. NET INCOME/(EXPENDtTURE) 31.03.2025 31.03.2024 Net income/lexpenditure) is stated after charging/lcredTting) Depreciation- okvned assets 697 787 4. TRUSTEE'S RENUMBERATION AND BENEFITS There bvere no trustee's renumeration 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 2025 5. STAFF COSTS The average monthly number of employees during the year was as follows 31.03.2025 Administration No employees received enoluments in excess of £60,000
Starling Collective Notes to the flnancial statements . .continued For the Year Ended 31" March 2025 6. TANGIBLE FIXED ASSETS Computer Equipment Totals COST At l April 2024 Additions Disposals At 31st March 2025 2,409 279 2,409 279 2,688 2,688 DEPRECIATION At l April 2024 Charge for the year Disposals At 31st March 2025 (1,729) (697) (1,7291 (697) (2,426) (2,426) NET BOOKVALUE At 31st March 2025 262 262 At 31st March 2024 680 680 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.03.2025 31.03.2024 Prepayments Accrued Income 240 2,321 2,561 240 19,510 19,750 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.03.2025 31.03.2024 Accrued Expenses Deferred I ncome Payroll Creditors Total Creditors . Amounts falling due withln one year 5,408 38,782 1,359 45,549 26,700 2,058 28,758 13 | Page
Starling Collective Notes to the flnancial statements . .contlnued For the Year Ended 31 March 2025 9. MOVEMENTIN FUNDS At 01.04.2024 Intèrnal Transfers Net Movem•nt At lft funds 31.03.2025 Unrestrlcted Funds Gerièral Fui)d 16,296 8,312 2,160 26,768 Restrlcted Funds Albert Hunt Trust Ai'13rds for All Belfast City Council Community Foundation Nl Capacity Building Comniunity Foundation Pll - Desttitstion Imenl Community FouD.dalion Nl- Emer8ency AccoFtimodation Conimunity Fotfndation Nl - Traurna Halifax Hosford NACCOM National Lottery Oak Emergency Oak HouSng at)d Homeless Innovation Society ol The Holy Child of jesus The Amerscèn Fund Ireland Ulster Garden Vsllages 14211 67 421 1671 122 11221 2,062 14,2911 12281 2,229 228 101 16461 12,6911 386 171)01 295 12281 22 646 2,691 13861 700 12,2391 228 1221 101 1,944 101 101 101 Total r•stricted funds 4,006 18,3121 4,307 TOTAL FUNDS 20,30Z 6,466 26.768 In£omin¥ resources Resourc•s Expended Movement In funds VnrestTlcted Fund$ General Fund 10,050 17,8901 2,160 Restrlcted Fund5 Albert Hunt Trust Ai'iards for All Belfast C*ty Council Conimunity Foundètion Nl Capacity Building Comn)unity Foundation Nl - Dostitution IMerTrl Comniunity Foundatioii Nl Emergericy Accomniodation CollimnItY FouDclation Nl - Trauma Halifèx Hosffjr 4.000 6,100 14,0001 15,6791 1671 17,5031 11221 19,0001 15.4031 12,8721 12.3211 111,2541 186,1931 15,1731 117,3001 12,2391 11,3721 12,0471 421 1671 7.502 11221 9.000 7,632 3,100 2,321 11,900 88,883 4,787 18.000 2,229 228 NACCOM National Lottery Oak En)ergeDcy Oak HoiJ51n8 and Homeless Ini)ovation So¥iety of The Holy Child of Jèsus The Amertcan Fund Ireland U15ter Garden Villages 646 2,691 13861 700 12,2391 228 1221 1.600 2,025 Total R•strlcted funds 166,850 1162,5441 4.307 TOTAL FUNDS 176,901 1170.4341 6,466