CHARITY REGISTRATION NUMBER: NIC108726 Knockavoe FAST Company Limited by Guarantee Unaudited Financial Statements 31 March 2025 Knockavoe FAST Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Page Trustees, annual report (incorporating the directorfs report) Independent examinerfs report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Statement of cash flows Notes to the financial statements Knockavoe FAST Company Limited by Guarantee Trustees. Annual Report (IncO￿oratIng the Directorfs Report) Year ended 31 March 2025 The trustees, who are also the directors for the purp)ses of company law. present their report and the unaudited financial statements of the charity for the year ended 31 March 2025. Reference and administrative details Reglstered charity name Knockavoe FAST Charity registratlon number NIC108726 Princlpal office and registered 10 Melmount Gardens Office Strabane Co. Tyrone BT82 9EB The trustees Julie Devine, Chairperson Mary Bullock, Treasurer CaroEAnn McGrinder. Vice Treasurer Joanne McNamee, Secretary Jennifer Elliott, Child Protection Offi￿r Company secretary Structure, govemance and management Governing Document The group is recognised as a Charity by Nl Charities Commission Mrs Joanne Mc Namee Principal Activity The principal Activity of the organisation is to support the Development of conditions ft)r people with Down Syndrome to meet their Potential. woviding support to Parents and building and Developing new friendships whilst promoting Equality. Objectives and activities The Organisations objectives are to arr8nge 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. Knockavoe FAST Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directofs Report) (¢onQnued) Year ended 31 March 2025 Achievements and perfonnance 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 accordan￿ with the provisions applicable to companies entitled to the small companies exemption. The trustees, annual rewrt was approved on 30 April 2025 and signed on behalf of the board of trustees by: Joanne Mc Namee Charity Secretary Knockavoe FAST Company Limited by Guarantee Independent Examiner's Report to the Trustees of Knockavoe FAST Year ended 31 March 2025 I report to the trustees on my examination of the financial statements of Knockavoe FAST ('the chariw) for the year ended 31 March 2025. Responsibilitles and basls 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 accordan￿ 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 stat8ments as Ca￿led out under section 65 of the 2008 Act. In carying out my examination I have followed the general Directions given by the Chartty Commission for Northern Ireland under section 65(9)(b) of the 2008 Act. Independent examinerfs 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: accounting records were not kept in respert of the charity as required by section 386 of the 2006 the financial statements do not accord with those records.. or 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 the financial statements have not been prepared in accordance wtth 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 attentiC￿ slv)uld be drawn to enable a proper unde standing of the ac￿untS to be reached. c,) dependent Examiner John Mc Crossan 24B Evish rd Strabane Co. Tyrone Knockavoe FAST Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2025 2025 Restricted funds Total funds Total funds 2024 Unrestricted funds Note Income and endowments Donations and legacies Other trading activities Total income 4.293 1.557 1,557 5,850 5.850 7,482 4.293 7,482 Expenditure Expenditure on raising funds: Costs of raising donations and legacies Total expenditure 6,175 6.175 1,557 1.557 7.732 7,732 4,410 4,410 Net incomel(expenditure) and net movement in funds (1.882) (1,882) 3,072 Reconciliation of funds Total funds brought forward Total funds carried forward 3.319 3,319 247 1,437 1,437 3,319 The statement of financial activities indudes all gains and losses recognised in the year. income and expenditure derive from continuing actbvities. The notes on pages 7 to 10 forni part of thvse financial ststements. Knockavoe FAST Company Limited by Guarantee Statement of Financial Position 31 March 2025 2025 2024 Note Current assets Cash at bank and in hand 1.637 3.519 Creditors: amounts falling due wtthin one year Net current assets 10 200 200 1.437 1.437 3.319 Total assets less current Ilabilities 3,319 Funds of the charity Unrestricted funds 1,437 1,437 3,319 3,319 Total charity funds 11 For the year ending 31 March 2025 the tharity was enlitled to exemption fr(xn audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities- The members have not required the company to obtsin an audit of its financial statements for the year in question in accordan￿ with section 476; The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting re(￿rdS 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 M¢ Namee Charity Secretary The notes on pages 7 to 10 forni part of these financial statements. Knockavoe FAST Company Limited by Guarantee Statement of Cash Flows Year ended 31 March 2025 2025 2024 Cash flows from operating activities Net incomel(expenditure) (1,882) 3,072 Changes in." Trade and other creditors 200 Cash generated from operations Net cash froml(used in) operating activiti8S (1,882) (1,882) 3,272 3,272 Net increasel(decrease) in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year (1,882) 3.519 3,272 247 1,637 3,519 The notes on pages 7 to 10 fomi part of these financial slatements. Knockavoe FAST Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2025 General infonnation The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northem Ireland. The address of the registered office is 10 Melmount Gardens. Strabane, Co. Tyrone. ststement of compliance These financial statements have been prepared in compliance wth FRS 102, The Financial Reporting Standard applicable in the UK and Ihe Republic of Ireland,. the Statement of Recommended Practice 8pplicable to charities preparing their acGounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. 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 expendÉture. The financial statements are prepared in sterling. which is the functional currency of the entity. Going concern There are no material uncertainties about the tharws ability to (x)ntinue. Fund accounting Unrestricted funds are available for use at the discretion of the twstees to futher 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 dedared by the donor or through the terms of an appeal. and fall into one of iwo sutFdasses: restricted income fvnds or endowment funds. Knockavoe FAST Company Limited by Guarantee Notes to the Financial Statements (conlinuedj Year ended 31 March 2025 Accounting policies (Conrfnued) Incoming resources All incoming resources are induded 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 specÉfic policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlernent to the gift. receipt is probable and its amount Gqn 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 r￿st 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 seriif%S is recognised wtth th8 delivery of the contracted Se￿ICe. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and retumed rf unspent. in which case tt may be regarded as restricted. Resources expended Expenditure is recognised on an a¢cxuals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is dassffied under headings of the statement of financial activities to which it relat&s: expenditure on raising funds includes the costs of all fundraising activities, events, non-charitsble trading activities. and the sale of donated goods. expenditure on charttable activities indudes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefft of its beneficiaries. including those support costs and costs relating to the govemance of the charity apportioned to charitable activities. other expenditure indudes all expenditure that is neither related to raising funds for the charity nor part of its expendtture ￿ charitable adivities. All costs are allocated to expenditure (2tegories refie¢ting the use of the resource. Direct costs attributable to a single activity are alloc£ted directly to that activity. Shared costs are apportioned between the activities they contr5bute to on a reasonable, iustFfiable and consistent basis. Lirnited by guarantee Knockavoe FAST Company Limited by Guarantee Notes to the Financial Statements (contlnu8d) Year ended 31 March 2025 Donations and legacies Restricted Total Funds Funds 2025 Restricted Total Funds Funds 2024 Other trading activities Unrestricted Total Unrestricted Total Funds FundsFunds 2025 Funds 2024 Fundraising events Donations Friends of Knockavoe 2,713 1580 2,713 1580 3,502 3,980 3,502 3, 980 4.293 4,293 7,482 7,482 Costs of raising donatlons and legacies Unrestricted Funds Restricted Total Funds Funds 2025 Activity Costs Rent Bank Fees Accounts Meeting Costs 4,280 1557 5,837 175 1620 100 175 1620 100 6,152 1557 7.732 Unrestricted Funds Restricted Total Funds Funds 2024 Activity Costs Rent Bank Fees Accounts Meeting Costs 3770. 320 120 200 3770 320 120 200 4.410 4,410 10 Stsff costs The total staff costs and employee benefits for the reporting period are analysed as follows The average head count of employees during the year was Nil (2024: Nil)- 10 Knockavoe FAST Company Limited by Guarantee Notes to the Financial Statements (Continued) Year ended 31 March 2025 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 2025 2024 Trade creditors Grant In Advance 200 200 200 200 11. Analysis of charftable funds Unrestricted funds At 1 April 2024 At Income Expenditure 31 March 25 General funds 3319 4.293 6.175 1,437 Restricted funds At Income Expenditure 31 March 25 1 April 2024 Restricted Fund 1557 1557 10