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Company Limited by Guarantee |
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Company Limited by Guarantee |
Financial Statements |
Page |
|
Trustees' annual report (incorporating the director's report) |
1 |
Independent examiner's report to the trustees |
6 |
Statement of financial activities (including income and expenditure account) |
7 |
Statement of financial position |
8 |
Statement of cash flows |
9 |
Notes to the financial statements |
10 |
|
Company Limited by Guarantee |
Trustees' Annual Report (Incorporating the Director's Report) |
Registered charity name |
|
Charity registration number |
NIC101570 |
Company registration number |
|
Principal office and registered |
The Innovation Centre |
office |
Bay Road |
Londonderry |
|
BT48 7TG |
|
United Kingdom |
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||
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Mr JP Harkin |
||
Mr P Allen |
||
Ms D Cartin |
||
Ms N Griffiths |
||
Mr P O Mianain |
||
Mr M Patton |
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Independent examiner |
|
Office 8 Springrowth House |
|
Balliniska Road |
|
Derry |
|
BT48 0GG |
|
|
Trustee |
|
Company Limited by Guarantee |
Independent Examiner's Report to the Trustees of
|
|
Company Limited by Guarantee |
Statement of Financial Activities |
(including income and expenditure account) |
2024 |
2023 |
|||
Unrestricted funds |
Restricted funds |
Total funds |
Total funds |
|
Note |
£ |
£ |
£ |
£ |
Donations and Grants |
5 |
– |
|
|
|
Charitable activities |
6 |
– |
– |
– |
|
---- |
-------- |
-------- |
--------- |
||
Total income |
– |
|
|
|
|
---- |
-------- |
-------- |
--------- |
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Expenditure on charitable activities |
7,8 |
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|
|
|
Other expenditure |
10 |
|
– |
|
|
------- |
-------- |
-------- |
--------- |
||
Total expenditure |
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|
|
|
|
------- |
-------- |
-------- |
--------- |
||
Losses on impairment or disposal of operations |
– |
10,656 |
||
------- |
-------- |
-------- |
--------- |
|
Net expenditure |
(
|
(
|
(
|
(
|
------- |
-------- |
-------- |
--------- |
|
Transfers between funds |
(23,698) |
23,698 |
– |
– |
-------- |
-------- |
-------- |
--------- |
|
Net movement in funds |
(
|
(
|
(
|
(
|
Total funds brought forward |
|
|
|
|
-------- |
-------- |
-------- |
--------- |
|
Total funds carried forward |
– |
– |
– |
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-------- |
-------- |
-------- |
--------- |
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|
Company Limited by Guarantee |
Statement of Financial Position |
2024 |
2023 |
||
Note |
£ |
£ |
£ |
Debtors |
15 |
– |
|
|
Cash at bank and in hand |
– |
|
||
---- |
-------- |
|||
– |
|
|||
Creditors: amounts falling due within one year |
16 |
– |
|
|
---- |
-------- |
|||
Net current liabilities |
– |
|
||
---- |
-------- |
|||
Total assets less current liabilities |
– |
|
||
---- |
-------- |
|||
Net liabilities |
– |
|
||
---- |
-------- |
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Restricted funds |
– |
|
||
Unrestricted funds |
– |
|
||
---- |
-------- |
|||
Total charity funds |
19 |
– |
|
|
---- |
-------- |
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Mr P Allen |
Trustee |
Trustee |
|
Company Limited by Guarantee |
Statement of Cash Flows |
2024 |
2023 |
|
£ |
£ |
|
Net expenditure |
(31,148) |
(47,130) |
Adjustments for: |
||
Depreciation of tangible fixed assets |
– |
|
Government grant income |
– |
(
|
Interest payable and similar charges |
|
|
Accrued income |
(
|
(
|
Changes in: |
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Trade and other debtors |
|
(
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Trade and other creditors |
(
|
|
-------- |
-------- |
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Cash generated from operations |
(
|
(
|
Interest paid |
(
|
(
|
-------- |
-------- |
|
Net cash used in operating activities |
(
|
(
|
-------- |
-------- |
|
Purchase of tangible assets |
– |
(
|
Proceeds from sale of tangible assets |
– |
|
-------- |
-------- |
|
Net cash from investing activities |
– |
|
-------- |
-------- |
|
Government grant income |
– |
|
-------- |
-------- |
|
Net cash from financing activities |
– |
|
-------- |
-------- |
|
Net decrease in cash and cash equivalents |
(
|
(
|
Cash and cash equivalents at beginning of year |
57,430 |
62,190 |
-------- |
-------- |
|
Cash and cash equivalents at end of year |
– |
|
-------- |
-------- |
|
|
Company Limited by Guarantee |
Notes to the Financial Statements |
Fixtures & Fittings |
- |
over 10 years
|
|
Office Equipment |
- |
over 5 to 10 years
|
|
Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
||
£ |
£ |
£ |
||
School Donations |
– |
– |
– |
|
Other Donations |
– |
200 |
200 |
|
Inner City Trust |
– |
– |
– |
|
Department of Education |
– |
19,995 |
19,995 |
|
The Honourable The Irish Society |
– |
– |
– |
|
Derry & Strabane District Council |
– |
9,589 |
9,589 |
|
Wesleyan Community Foundation |
– |
– |
– |
|
Seagate |
– |
400 |
400 |
|
Government grant income |
– |
– |
– |
|
Honourable Irish Society |
– |
(110) |
(110) |
|
---- |
-------- |
-------- |
||
– |
|
|
||
---- |
-------- |
-------- |
||
Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
||
School Donations |
12,362 |
– |
12,362 |
|
Other Donations |
– |
– |
– |
|
Inner City Trust |
2,500 |
– |
2,500 |
|
Department of Education |
– |
109,334 |
109,334 |
|
The Honourable The Irish Society |
– |
1,163 |
1,163 |
|
Derry & Strabane District Council |
– |
5,411 |
5,411 |
|
Wesleyan Community Foundation |
– |
1,928 |
1,928 |
|
Seagate |
– |
– |
– |
|
Government grant income |
– |
2,096 |
2,096 |
|
Honourable Irish Society |
– |
– |
– |
|
-------- |
--------- |
--------- |
||
|
|
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||
-------- |
--------- |
--------- |
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Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
£ |
||
Services provided under contract |
– |
– |
|
|
|
---- |
---- |
------- |
------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
||
£ |
£ |
£ |
||
Core Charity Costs |
– |
50,123 |
50,123 |
|
Support costs |
2,572 |
3,759 |
6,331 |
|
Exceptional costs of charitable activities |
4,585 |
– |
4,585 |
|
------- |
-------- |
-------- |
||
|
|
|
||
------- |
-------- |
-------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
||
Core Charity Costs |
– |
159,022 |
159,022 |
|
Support costs |
9,319 |
9,557 |
18,876 |
|
Exceptional costs of charitable activities |
– |
– |
– |
|
------- |
--------- |
--------- |
||
|
|
|
||
------- |
--------- |
--------- |
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Activities undertaken directly |
Support costs |
Total funds 2024 |
Total fund 2023 |
||
£ |
£ |
£ |
£ |
||
Core Charity Costs |
50,123 |
4,607 |
54,730 |
172,205 |
|
Governance costs |
– |
1,724 |
1,724 |
5,693 |
|
Exceptional cost of charitable activities |
4,585 |
– |
4,585 |
– |
|
-------- |
------- |
-------- |
--------- |
||
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-------- |
------- |
-------- |
--------- |
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Core Charity Costs |
Total 2024 |
Total 2023 |
||
£ |
£ |
£ |
||
Premises |
1,608 |
1,608 |
6,300 |
|
Communications and IT |
1,013 |
1,013 |
176 |
|
General office |
985 |
985 |
5,662 |
|
Governance costs |
1,724 |
1,724 |
5,694 |
|
Marketing |
204 |
204 |
603 |
|
Travel |
797 |
797 |
441 |
|
------- |
------- |
-------- |
||
6,331 |
6,331 |
18,876 |
||
------- |
------- |
-------- |
||
Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
||
£ |
£ |
£ |
||
Sundry expenses |
|
– |
|
|
---- |
---- |
---- |
||
Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
||
Sundry expenses |
|
|
|
|
------- |
---- |
------- |
||
2024 |
2023 |
|
£ |
£ |
|
Depreciation of tangible fixed assets |
– |
3,090 |
---- |
------- |
|
2024 |
2023 |
|
£ |
£ |
|
Independent examination of the financial statements |
840 |
1,040 |
Other assurance services |
600 |
1,260 |
------- |
------- |
|
|
|
|
------- |
------- |
|
2024 |
2023 |
|
£ |
£ |
|
Wages and salaries |
|
|
Social security costs |
– |
|
Employer contributions to pension plans |
1,894 |
9,051 |
-------- |
--------- |
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|
|
|
-------- |
--------- |
|
2024 |
2023 |
|
No. |
No. |
|
Number of direct staff |
4 |
4 |
Number of administrative staff |
1 |
1 |
Number of management staff |
1 |
1 |
---- |
---- |
|
6 |
6 |
|
---- |
---- |
|
2024 |
2023 |
|
£ |
£ |
|
Prepayments and accrued income |
– |
|
Funding debtors |
– |
|
---- |
-------- |
|
– |
|
|
---- |
-------- |
|
2024 |
2023 |
|
£ |
£ |
|
Accruals and deferred income |
– |
|
Social security and other taxes |
– |
|
Pension contributions |
– |
|
Other creditors |
– |
|
---- |
-------- |
|
– |
|
|
---- |
-------- |
|
2024 |
2023 |
|
£ |
£ |
|
Government grants income |
– |
|
---- |
------- |
|
At 1 Apr 2023 |
Income |
Expenditure |
Transfers |
Gains and losses |
At 31 Mar 2024 |
|
£ |
£ |
£ |
£ |
£ |
£ |
|
General funds |
31,038 |
– |
(7,340) |
(23,698) |
– |
– |
-------- |
---- |
------- |
-------- |
---- |
---- |
|
At 1 Apr 2022 |
Income |
Expenditure |
Transfers |
Gains and losses |
At 31 Mar 2023 |
|
£ |
£ |
£ |
£ |
£ |
£ |
|
General funds |
76,598 |
22,862 |
(10,319) |
(47,447) |
(10,656) |
31,038 |
-------- |
-------- |
-------- |
-------- |
-------- |
-------- |
|
At 1 Apr 2023 |
Income |
Expenditure |
Transfers |
Gains and losses |
At 31 Mar 2024 |
|
£ |
£ |
£ |
£ |
£ |
£ |
|
Department of Education |
– |
30,074 |
(53,882) |
23,808 |
– |
– |
The Foyle Foundation |
– |
– |
– |
– |
– |
– |
Department for Communities - Job Start Scheme |
– |
– |
– |
– |
– |
– |
Derry City & Strabane District Council |
– |
– |
– |
– |
– |
– |
Wesleyan Communuty Foundation |
– |
– |
– |
– |
– |
– |
The Honourable The Irish Society |
110 |
– |
– |
(110) |
– |
– |
---- |
-------- |
-------- |
-------- |
---- |
---- |
|
110 |
30,074 |
(53,882) |
23,698 |
– |
– |
|
---- |
-------- |
-------- |
-------- |
---- |
---- |
|
At 1 Apr 2022 |
Income |
Expenditure |
Transfers |
Gains and losses |
At 31 Mar 2023 |
|
£ |
£ |
£ |
£ |
£ |
£ |
|
Department of Education |
– |
109,334 |
(158,709) |
49,375 |
– |
– |
The Foyle Foundation |
1,680 |
– |
(1,680) |
– |
– |
– |
Department for Communities - Job Start Scheme |
– |
2,096 |
(2,096) |
– |
– |
– |
Derry City & Strabane District Council |
– |
5,411 |
(5,411) |
– |
– |
– |
Wesleyan Communuty Foundation |
– |
1,928 |
– |
(1,928) |
– |
– |
The Honourable The Irish Society |
– |
1,163 |
(1,053) |
– |
– |
110 |
------- |
--------- |
--------- |
-------- |
---- |
---- |
|
1,680 |
119,932 |
(168,949) |
47,447 |
– |
110 |
|
------- |
--------- |
--------- |
-------- |
---- |
---- |
|
Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
||
£ |
£ |
£ |
||
Tangible fixed assets |
– |
– |
– |
|
Current assets |
– |
– |
– |
|
---- |
---- |
---- |
||
Net liabilities |
– |
– |
– |
|
---- |
---- |
---- |
||
Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
||
£ |
£ |
£ |
||
Tangible fixed assets |
– |
110 |
110 |
|
Current assets |
31,038 |
– |
31,038 |
|
-------- |
---- |
-------- |
||
Net liabilities |
31,038 |
110 |
31,148 |
|
-------- |
---- |
-------- |
||
At 1 Apr 2023 |
Cash flows |
At 31 Mar 2024 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
(57,430) |
– |
-------- |
-------- |
---- |
|