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Company Limited by Guarantee |
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COMPANY LIMITED BY GUARANTEE |
FINANCIAL STATEMENTS |
PAGE |
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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 |
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COMPANY LIMITED BY GUARANTEE |
TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) |
Registered charity name |
St Ronan's College Foundation |
Charity registration number |
108560 |
Company registration number |
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Principal office and registered |
St Ronan's College |
office |
Francis Street |
Lurgan |
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Co.Armagh |
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BT66 6DL |
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United Kingdom |
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Independent examiner |
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23 Church Place, |
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Lurgan, |
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Co. Armagh. |
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N. Ireland |
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BT66 6EY |
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Director |
Director |
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Director |
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COMPANY LIMITED BY GUARANTEE |
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
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COMPANY LIMITED BY GUARANTEE |
STATEMENT OF FINANCIAL ACTIVITIES |
(INCLUDING INCOME AND EXPENDITURE ACCOUNT) |
Year to 31 Mar 24 |
Period from 4 Nov 21 to 31 Mar 23 |
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Unrestricted funds |
Restricted funds |
Total funds |
Total funds |
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Note |
£ |
£ |
£ |
£ |
Donations and legacies |
5 |
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– |
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Charitable activities |
6 |
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– |
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Other income |
7 |
– |
– |
– |
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Total income |
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– |
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Costs of raising donations and legacies |
8 |
– |
– |
– |
9,886 |
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Expenditure on charitable activities |
9 |
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– |
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Total expenditure |
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– |
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Net income and net movement in funds |
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– |
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Total funds brought forward |
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– |
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Total funds carried forward |
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COMPANY LIMITED BY GUARANTEE |
STATEMENT OF FINANCIAL POSITION |
2024 |
2023 |
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Note |
£ |
£ |
Debtors |
13 |
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Cash at bank and in hand |
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CREDITORS: amounts falling due within one year |
14 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS |
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Restricted funds |
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Unrestricted funds |
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Total charity funds |
15 |
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Director |
Director |
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Director |
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COMPANY LIMITED BY GUARANTEE |
STATEMENT OF CASH FLOWS |
2024 |
2023 |
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£ |
£ |
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Net income |
17,636 |
98,678 |
Adjustments for: |
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Interest payable and similar charges |
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Accrued expenses |
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Changes in: |
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Trade and other debtors |
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(
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Trade and other creditors |
(
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Cash generated from operations |
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Interest paid |
(
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(
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Net cash from operating activities |
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NET INCREASE IN CASH AND CASH EQUIVALENTS |
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CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR |
84,373 |
– |
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CASH AND CASH EQUIVALENTS AT END OF YEAR |
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COMPANY LIMITED BY GUARANTEE |
NOTES TO THE FINANCIAL STATEMENTS |
Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
£ |
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Donations |
6,415 |
6,415 |
26,000 |
26,000 |
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SRC Staff Donations |
1,840 |
1,840 |
1,970 |
1,970 |
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Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
£ |
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Other income from charitable activities - Breakfast |
14 |
14 |
6,726 |
6,726 |
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Other income from charitable activities - GAA debate |
– |
– |
3,702 |
3,702 |
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Other income from charitable activities - Marathon |
12,214 |
12,214 |
24,355 |
24,355 |
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Other income from charitable activities - Cow Clap |
– |
– |
12,480 |
12,480 |
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Other income from charitable activities - Alumni Reunion |
– |
– |
318 |
318 |
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Other income from charitable activities - Table quiz |
– |
– |
1,300 |
1,300 |
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-------- |
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Restricted Funds |
Total Funds 2024 |
Restricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
£ |
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Other income - Smurfit Kappa donations |
– |
– |
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---- |
---- |
-------- |
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Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
£ |
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Costs of raising donations and legacies - Purchases |
– |
– |
9,886 |
9,886 |
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---- |
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------- |
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Support costs |
Total funds 2024 |
Total fund 2023 |
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£ |
£ |
£ |
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Governance costs |
2,847 |
2,847 |
1,471 |
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Period from |
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Year to |
4 Nov 21 to |
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31 Mar 24 |
31 Mar 23 |
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£ |
£ |
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Independent examination of the financial statements |
2,400 |
1,200 |
------- |
------- |
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2024 |
2023 |
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£ |
£ |
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Trade debtors |
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---- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Accruals and deferred income |
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Other creditors |
– |
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------- |
------- |
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At 1 April 2023 |
Income |
Expenditure |
At 31 March 2024 |
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£ |
£ |
£ |
£ |
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General funds |
65,494 |
20,483 |
(2,847) |
83,130 |
-------- |
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At 4 November 2021 |
Income |
Expenditure |
At 31 March 2023 |
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£ |
£ |
£ |
£ |
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General funds |
– |
76,851 |
(11,357) |
65,494 |
---- |
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At 1 April 2023 |
Income |
Expenditure |
At 31 March 2024 |
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£ |
£ |
£ |
£ |
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Restricted Fund 1 - Smurfit Kappa donations |
33,184 |
– |
– |
33,184 |
-------- |
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At 4 November 2021 |
Income |
Expenditure |
At 31 March 2023 |
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£ |
£ |
£ |
£ |
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Restricted Fund 1 - Smurfit Kappa donations |
– |
33,184 |
– |
33,184 |
---- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
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£ |
£ |
£ |
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Current assets |
86,730 |
33,184 |
119,914 |
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Creditors less than 1 year |
(3,600) |
– |
(3,600) |
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Net assets |
83,130 |
33,184 |
116,314 |
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-------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
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Current assets |
69,048 |
33,184 |
102,232 |
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Creditors less than 1 year |
(3,554) |
– |
(3,554) |
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-------- |
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Net assets |
65,494 |
33,184 |
98,678 |
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At 1 Apr 2023 |
Cash flows |
At 31 Mar 2024 |
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£ |
£ |
£ |
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Cash at bank and in hand |
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35,431 |
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