##
##
##
|||||Page|
|---|---|---|---|---|
|1.|Report ofthe management
Committee||||
||Reference|and administrative|information||
||Objectives|and aims|||
||Achievements
and performance||||
||Financial|review|||
||Structure,|governance
and management|||
|2.|Independent|examiner's
report|||
|3.|Statement|offinancial activities||10|
|4.|Balance sheet||||
|5.|Notes forming
part ofthe financial statements|||12|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|for the year ended 31st.M|ar|ch 2D21|||
|---|---|---|---|---|
||||Unrestricted||
||||Funds|Total|
||||2021|2020|
|Income|||||
|Donations|||1,385|748|
|Donated scrviccs and facilitics|||4,200|4,2DO|
|invcstmcat
income|||262|534|
|Sundry income|||3,142|85|
|PFP managcmcnt
fccs|||15,593|27,405|
|Income from charitable|activities||||
|Rents|||112,802|198,357|
|Grants and contracts|||92755|94264|
|Total Income|||230 139|325593|
|Expenditure|||||
|Charhabtc
activities|||252 102|316273|
|Total Expenditure|||25II 102|~3762 3|
|Net income/fcxpcndiiurcI|||(27,962)|9,320|
|Gain on revaluation oflixed|asset||||
|Gain on disposal offixed asset||||10,920|
|Net Income/(expenditure]||after gain|(27,962)|20,240|
|Total funds at 1st.April 2020|||337576|317336|
|Total funds at 31st.March||2021|||
##
||||2021||2020|
|---|---|---|---|---|---|
|||Notes||E||
|Tangible assets||(2)|||5,222|
|Current assets||||||
|Debtors and prepayments||(3)|13,314||21,607|
|Cash at bank and in hand|||314,313||326,627|
||||327,627||348,234|
|Current liabilities||||||
|Creditors: amounts|falling|||||
|due within 12months||(4)|(18,013)||(15,880)|
|Net Current assets/|[liabilities]||309,614||332,354|
|Net assets|||399,674||337,576|
|Unrestricted
Funds||||||
|Designated
Fund||(8)|251,233||250,510|
|General
Funds|||58,381||87,066|
|Total funds|||399.674||337,576|
##
##
|(1)Principal hccountiag
PoHcics|||||||
|---|---|---|---|---|---|---|
|The principal
accounting
policies adopted
in the preparation
ofthe financial statements|||are|||set out|
|below and have remained
unchanged
from Ihe previous year.|||||||
|(a) Sasls ofpreparation|||||||
|ltte charity constitutes a public bensiit entity as defined by FRS 102.Ths fmsncial|||||||
|statements
have been prepared
in accordance
with Accounting
and Reporting
by Charities:|||||||
|Statement ofRecammsndsd
Pracgce appiicabfe to charitfes preparing
their accounts||in||a|ccordancs||
|with the Financial
Reporting
Standard
applicable
in the UK and Repubiic ofIreland|(FRS|||2)2nd edition
10|||
|the Charities Acl2011and the Companies
Acl 2006.|||||||
|'fhe linancial statements
have been prepared
under the historical cost convention.|||||||
|(b) Fund accovntlng|||||||
|[i] Unrestricied
funds sre available
for use at Ihe discretion afthe trustees
in furtherance||||of|||
|Ihe general objectives ofthe charity.|||||||
|Pii]Designated
funds are unrestricted
funds earmarked
by the Management
Commitlee||for|||||
|particular
purposes.|||||||
|[iii]Restricted funds are subjected to restrictions
on their expenditure
imposed
by the||donor|||||
|or through
the terms afan appeal.|||||||
|(c) Income|||||||
|Income is included
in Ihe statement
of Unsocial activities when the charity|||||||
|isenlitled tothe income and the amount can be quantified
with reasonable
accuracy.||The|||||
|following
speciTic polfdes are applied to particular categories ofincome,|||||||
|9] income
received by way ofgranls, donations
and gills and is Included
in full|||||||
|in Ihe Statement of Financiai Activities when receivable, Grants, where enliUernent|is|not|||||
|conditional
on the delivery ofa specific performance
by the charity, are recognised|when||||||
|the charity becomes unconditlonsliy
entitled lo the grani.|||||||
|[ii] Donated services and facilities are included
at the value ta the charity where thfs|can||be||||
|quantified.|||||||
|[iii]The value ofservices provided
by volunteers
hss nol been included
in these accounts.|||||||
|[iv] Investmenl
income is included
when receivable.|||||||
|[v]income fram charilable
trading
activity are accounted
for when earned.|||||||
|[vi]income from grants, where related to performance
snd specific deliverables,|||||||
|are accounted
for as the charity earns Iho right to consideration
by ils perfonnance.|||||||
|(d) Expenditure|||||||
|Expenditure
is recognised
on an accrual basis as a liability is Incurred.
Expenditure|Includes||||||
|any VAT which cannel be fully recovered|||||||
|[i]Cools ofgenerating
funds comprise the costs associated
with attracting
voivnlsry|||||||
|income and Ihe costs of trading
for fundraising
purposes.|||||||
|gf] charitable
expenditure
comprises those costs incurred
by the charily in the delivery||af|||||
|its activiUes and services for ils beneficiaries,
Itincludes boih casts that can be allocaied|||||||
|direcgy lo such acgviTies and lhasa costs of an indirect nature necessary to support|Ihem||||||
|[iii]AII coals are sflocated between the expendilure
categories of the SoFA on a basis|||||||
|designed
to reflect the use af the resource. Costs relating to a particular
activity are|||||||
|sgacslsd directly, others are apportioned
on an appropriat
basis.|||||||
##
##
##
##
##
|(2) Fixed Assets||||||||
|---|---|---|---|---|---|---|---|
|Tangible|||Furniture|g||||
||||Equipment|||||
||||E|||||
|Cost||||||||
|Balance brought|forward||27,622|||||
|Increase in asset|valuation|||||||
||||27,622|||||
|Depreciation||||||||
|Balance brought|forward||22,400|||||
|charge for the year|||5,222|||||
||||27,622|||||
|Net book value at 31st.||March 2021||||||
|Net book value at 31st.||March 2020|5,222|||||
|(3) Debtors||||||||
||||||2021||2020|
|||||||E||
|Prepayments|||||1,660||1,753|
|Sundry debtors|||||11,654||19,854|
||||||13.314||21,5D7|
|(4) Creditors: amounts||falling due within 12 months||||||
|Accounts payable|||||8,560||3,693|
|Sundry creditors|and accruals||||9,433||12,187|
||||||18.D13||15,888|
##
|(5) Expenditure|||||||
|---|---|---|---|---|---|---|
||||2021|||2020|
|Landlord fees|||59,988|||97,654|
|Recruitment|||184|||150|
|Cleaning|||4,138|||2,693|
|Renewals and maintenance|||11,889|||10,614|
|Office rent|||4,200|||4,200|
|Internal decoration|||2,663||||
|Salaries|||114,203|||126,843|
|Light and heat|||10,651|||12,208|
|Rates and water|||4,305|||(1,499)|
|Office phone|||10,914|||14,924|
|Non capitalised
equipment|||1,608||||
|Gardening|||1,560|||827|
|Servicing equipment|||240|||2,798|
|Residents welfare|||76|||4,291|
|Subscriptions
and publications|||511|||907|
|Travel andmotorvehicle|||4,940|||5,332|
|TV licence and contracts|||630|||1,015|
|Insurance|||5,202|||4,244|
|Sundry|||1,902|||4,878|
|Print, post and stationery|||3,531|||3,548|
|Trustees expenses|||85|||837|
|Training|||448|||1,379|
|Independent
examiner's|fees||875|||675|
|Computer
and IT|||3,528|||4,802|
|Consultancy,
legal and professional|||4,467|||8,243|
|Mortgage interest||||||271|
|Bank charges|||72|||231|
|Refreshments|||66|||337|
|Oepreciation|||5,222|||3,871|
||||258,1D2|||316,273|
|(6) Analysis ofnet assets|between funds||||||
|||General|Oesignated|Revaluation|||
|||Funds|Funds|Reserve|Total||
|||E|E|E|E||
|Tangible fixed assets|||||||
|Current assets||76,394|251,233|||327,627|
|Current liabilities||(18,013)||||(18,013)|
|Net assets at 31stMarch|2021|58,381|251,233|||309,614|
||||14||||
##
##
|||||2021|2020|
|---|---|---|---|---|---|
|Average number of|staff employed|in the|year [includes part time]|||
|No employee
received emoluments||ofmore than E60,000.||||
|The average weekly|number ofemployees||during the year were calculated on|||
|the average monthly|head count.|||||
||||||f|
|Salaries and wages||||110,279|114,976|
|Pensions||||1,483|2,353|
|Socialsecurity costs||||2,441|9,513|
|||||114.203|126,842|
##
||Opening||||Carried|
|---|---|---|---|---|---|
||Balance|Income|Expenditure|Transfers|Forward|
|Designated
Fund|E|f|f|f|f|
|Property Reserve|250,000||||250,000|
|Residents
Fund|510|||723|1,233|
||250,510|||723|251,233|
|General funds|87.066|230,139|[258,102)|(723)|58,381|
|Movements
in funds-previous|year|||||
||Opening||||Carried|
||Balance|Income|Expenditure|Transfers|Forward|
|Designated
Fund|E|f|f|f|f|
|Property Reserve|155,750|||94,250|250,000|
|Residents
Fund|2,034|748|(3,6SO)|1,378|510|
||157,784|748|(3,650)|95,628|250,510|
|Revaluation
Reserve|86,969|||(86,969)||
|General funds|72,583|333.936|(310.795)|[8,659)|87,065|