**CHARITY REGISTRATION NUMBER: NIC108726** 

## **Knockavoe FAST** 

## **Company Limited by Guarantee Unaudited Financial Statements** 

# **31 March 2024** 



## **Knockavoe FAST** 

## **Company Limited by Guarantee** 

## **Financial Statements** 

## **Year ended 31 March 2024** 

||**Page**|
|---|---|
|Trustees' annual report (incorporating the director's report)|**1**|
|Independent examiner's report to the trustees|**3**|
|Statement of financial activities (including income and||
|expenditure account)|**4**|
|Statement of financial position|**5**|
|Statement of cash flows|**6**|
|Notes to the financial statements|**7**|





## **Knockavoe FAST** 

## **Company Limited by Guarantee** 

## **Trustees' Annual Report (Incorporating the Director's Report)** 

## **Year ended 31 March 2024** 

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2024. 

## **Reference and administrative details** 

**Registered charity name** 

## **Charity registration number** 

Knockavoe FAST 

NIC108726 

**Principal office and registered** 10 Melmount Gardens **Office** Strabane Co. Tyrone BT82 9EB 

## **The trustees** 

Julie Devine, Chairperson Mary Bullock, Treasurer CarolAnn McGrinder, Vice Treasurer Joanne McNamee, Secretary Jennifer Elliott, Child Protection Officer 

## **Company secretary** 

Mrs Joanne Mc Namee 

## **Structure, governance and management** 

## **Governing Document** 

The group is recognised as a Charity by NI Charities Commission 

## **Principal Activity** 

The principal Activity of the organisation is to support the Development of conditions for people with Down Syndrome to meet their Potential, providing support to Parents and building and Developing new friendships whilst promoting Equality. 

## **Objectives and activities** 

The Organisations objectives are to arrange placements for adults with down Syndrome by meeting and socialising with People with Down Syndrome creating Friendships with other peers, Parents and Siblings who face similar Family Issues, thus building understanding and Mutual respect. 

**1** 



## **Knockavoe FAST** 

## **Company Limited by Guarantee** 

## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_ 

## **Year ended 31 March 2024** 

## **Achievements and performance** 

Knockavoe FAST is non-profit making and had Net Incoming Resources of £3,072 for the year. There is no Capital Expenditure incurred. 

## **Small company provisions** 

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. 

The trustees' annual report was approved on 30[th] April 2024 and signed on behalf of the board of trustees by: 

Joanne Mc Namee Charity Secretary 

**2** 



## **Knockavoe FAST** 

## **Company Limited by Guarantee** 

## **Independent Examiner's Report to the Trustees of Knockavoe FAST** 

## **Year ended 31 March 2024** 

I report to the trustees on my examination of the financial statements of Knockavoe FAST ('the charity') for the year ended 31 March 2024. 

## **Responsibilities and basis of report** 

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of Charities Act (Northern Ireland) 2008 (the ‘2008 Act’) and the Companies Act 2006 (‘the 2006 Act’). You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination. 

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the 2008 Act. 

## **Independent examiner's statement** 

I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect: 

1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or 

2. the financial statements do not accord with those records; or 

3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or 

4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 

I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. 

Independent Examiner 

John Mc Crossan 24B Evish rd Strabane Co. Tyrone 

**3** 



## **Knockavoe FAST** 

## **Company Limited by Guarantee** 

## **Statement of Financial Activities (including income and expenditure account)** 

## **Year ended 31 March 2024** 

||||**2024**||2023|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|**£**|£|
|**Income and endowments**||||||
|Donations and legacies|**5**|-|-|-|597|
|Other trading activities|**6**|7,482|–|7,482|-|
|||`───────`|`───────`|`────────`|`───────`|
|**Total income**||7,482|-|7,482|597|
|||`═══════`|`═══════`|`════════`|`═══════`|
|**Expenditure**||||||
|Expenditure on raising funds:||||||
|Costs of raising donations and||||||
|legacies|**7**|4,410|-|4,410|350|
|||`───────`|`───────`|`────────`|`────────`|
|**Total expenditure**||4,410|-|4,410|247|
|||`═══════`|`═══════`|`════════`|`════════`|
|||`───────`|`───────`|`────────`|`────────`|
|**Net income/(expenditure) and net**||||||
|**movement in funds**||3,072|–|3,072|247|
|||`═══════`|`═══════`|`════════`|`════════`|
|**Reconciliation of funds**||||||
|Total funds brought forward||247|–|247|0|
|||`───────`|`───────`|`────────`|`────────`|
|**Total funds carried forward**||3,319|–|3,319|247|
|||`═══════`|`═══════`|`════════`|`════════`|



The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 

**The notes on pages 7 to 10 form part of these financial statements.** 

**4** 



## **Knockavoe FAST** 

## **Company Limited by Guarantee** 

## **Statement of Financial Position** 

## **31 March 2024** 

|||**2024**|2023|
|---|---|---|---|
||**Note**|**£**|£|
|**Current assets**||||
|Cash at bank and in hand||3,519|247|
|**Creditors: amounts falling due within one year**|**10**|200|0|
|||`────────`|`───────`|
|**Net current assets**||3,319|247|
|||`───────`|`───────`|
|**Total assets less current liabilities**||3,319|247|
|||`═══════`|`═══════`|
|**Funds of the charity**||||
|Unrestricted funds||3,319|247|
|||`───────`|`───────`|
|**Total charity funds**|**11**|3,319<br>`═══════`|247<br>`═══════`|



For the year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 

Directors' responsibilities: 

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; 

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. 

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. 

These financial statements were approved by the board of trustees and authorised for issue on 30th April 2023, and are signed on behalf of the board by: 

Joanne Mc Namee Charity Secretary 

**The notes on pages 7 to 10 form part of these financial statements.** 

**5** 



## **Knockavoe FAST** 

## **Company Limited by Guarantee** 

## **Statement of Cash Flows** 

## **Year ended 31 March 2024** 

||**2024**|2023|
|---|---|---|
||**£**|£|
|**Cash flows from operating activities**|||
|Net income/(expenditure)|3,072|247|
|_Changes in:_|||
|Trade and other creditors|200|(-)|
||`───────`|`───────`|
|Cash generated from operations|3,272|(-)|
||`───────`|`───────`|
|Net cash from/(used in) operating activities|3,272|247|
||`═══════`|`═══════`|
|**Net increase/(decrease) in cash and cash equivalents**|3,272|247|
|**Cash and cash equivalents at beginning of year**|247|0|
||`────────`|`────────`|
|**Cash and cash equivalents at end of year**|3,519<br>`════════`|247<br>`════════`|



**The notes on pages 7 to 10 form part of these financial statements.** 

**6** 



## **Knockavoe FAST** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** 

## **Year ended 31 March 2024** 

## **1. General information** 

The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Irealand and a registered charity in Northern Ireland. The address of the registered office is 18 Craignagore Lane, Strabane, Co. Tyrone, BT82 8FD. 

## **2. Statement of compliance** 

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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 (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. 

## **3. Accounting policies** 

## **Basis of preparation** 

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. 

The financial statements are prepared in sterling, which is the functional currency of the entity. 

## **Going concern** 

There are no material uncertainties about the charity's ability to continue. 

## **Fund accounting** 

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. 

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. 

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. 

**7** 



## **Knockavoe FAST** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2024** 

**3. Accounting policies** _**(continued)**_ 

## **Incoming resources** 

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: 

- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. 

- legacy income is recognised when receipt is probable and entitlement is established. 

- income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. 

- income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. 

## **Resources expended** 

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: 

- expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. 

- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. 

- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. 

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. 

## **4. Limited by guarantee** 

**8** 



## **Knockavoe FAST** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2024** 

## **5. Donations and legacies** 

|||Restricted|**Total Funds**|**Total Funds**|Restricted|Total Funds|
|---|---|---|---|---|---|---|
|||Funds||**2024**|Funds|2023|
|||£||**£**|£|£|
|||-||-|-|-|
|**6.**|**Other trading activities**||||||
|||Unrestricted||<br>**Total**|Unrestricted|Total Funds|
|||Funds||**Funds 2024**|Funds|2023|
|||£||**£**|£|£|
||Fundraising events|2,096||2,196|||
||Donations|1,406||1406|890|-|
||Friends of Knockavoe<br>|3,980||3,980|`-`|`-`|
|||=======          =======|||=======|=======|
|||7,482||7,482|890|-|
|**7.**|**Costs of raising donations and legacies**||||||
|||||Unrestricted|Restricted|**Total Funds**|
|||||Funds|Funds|**2024**|
|||||£|£|**£**|
||Activity Costs|||3770.|-|3770|
||Rent|||320|-|320|
||Bank Fees|||120|-|120|
||Accounts|||200|-|200|
||Meeting Costs||||-|-|
|||||`───────`|`───────`|`────────`|
|||||4,410|-|4,410|
|||||`═══════`|`═══════`|`════════`|
|||||Unrestricted|Restricted|Total Funds|
|||||Funds|Funds|2023|
|||||£|£|£|
||Fundraising Costs|||247|–|247|
||Events Costs|||-|-|-|
|||||`───────`|`────`|`────────`|
|||||247|-|247|
|||||`════════`|`════`|`════════`|



## **8. Staff costs** 

The total staff costs and employee benefits for the reporting period are analysed as follows: 

**10** 



The average head count of employees during the year was Nil (2023: Nil). 

## **Knockavoe FAST** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 4** 

## **9. Trustee remuneration and expenses** 

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees; 

## **10. Creditors: amounts falling due within one year** 


**----- Start of picture text -----**<br>
2024 2023<br>£ £<br>Trade creditors 200 -<br>Grant In Advance  - -<br>─────── ────<br>200 -<br>═══════ ════<br>Analysis of charitable funds<br>Unrestricted funds<br>At  At<br>1 April 2023 Income Expenditure 31 March 24<br>£ £ £ £<br>General funds  247 7482 4410 3319<br>═══════ ═══════ ═══════ ═══════<br>Restricted funds<br>At  At<br>1 April 2023 Income Expenditure 31 March 24<br>£  £  £  £<br>Restricted Fund  – - - –<br>════ ═══════ ═══════ ════<br>**----- End of picture text -----**<br>


## **11. Analysis of charitable funds** 

**10**