OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2017-03-31-accounts

STRABANE ETHNIC COMMINUITY ASSOCIATION UNAUDITED ACCOUNTS

31 MARCH 2017

Charity Number NIC100003

SP McCAFFREY & CO

Chartered Accountants 50 Campsie Road Omagh Co Tyrone BT79 0AG

STRABANE ETHNIC COMMINUITY ASSOCIATION

ACCOUNTS

YEAR ENDED 31 MARCH 2017

CONTENTS PAGE
Trustees' annual report 1
Independent examiner's report to the trustees and
members 3
Statement of Financial Activities (incorporating the
income and expenditure account) 5
Balance sheet 6
Notes to the accounts 7
The following pages do not form part of the accounts
Detailed statement of financial activities 12

STRABANE ETHNIC COMMINUITY ASSOCIATION

TRUSTEES' ANNUAL REPORT

YEAR ENDED 31 MARCH 2017

The trustees present their report and the unaudited accounts of the charity for the year ended 31 March 2017.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered charity name Strabane Ethnic Comminuity Association

Charity registration number NIC100003

Principal office 2 Abercorn Square Strabane Co. Tyrone BT82 8AN

The trustees

The trustees who served the charity during the period were as follows:

Mr Bozena Rojkowic Mr Peter Joseph Mr Daljeet Kaur Guram Mrs Josephine Rao Mr Janaka Lokugamage Mr Marius Fritea Darius Mrs Janina Mc Grinder

Mrs Janina Mc Grinder was appointed as a trustee on 1 April 2016.

Secretary Josephine Rao

OBJECTIVES AND ACTIVITIES

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities

ACHIEVEMENTS AND PERFORMANCE

The Executive Committee' are satisfied that the Association has continued to meet its key aims and objectives.

- 1 -

STRABANE ETHNIC COMMINUITY ASSOCIATION

TRUSTEES' ANNUAL REPORT (continued)

YEAR ENDED 31 MARCH 2017

FINANCIAL REVIEW

The Association is non-profit making and the trustees are aware of the sustainable use of resources.

Reserves Policy

The Executive Committee' of Strabane Ethnic community Association have set up a reserves policy which requires that the reserves be maintained at a level which ensures that the organisations core activities could continue during a period of unforeseen difficulty. The Trustees consider that this figure should be £5000 and will endeavour to maintain it at this level.

PLANS FOR FUTURE PERIODS

The Executive Committee have plans for a future project which necessitates fundraising on their behalf

INDEPENDENT EXAMINER

Seamus Mc Caffrey has been re-appointed as independent examiner for the ensuing year.

:

Signed by order of the trustees

Josephine Rao Charity Secretary

........................

- 2 -

STRABANE ETHNIC COMMINUITY ASSOCIATION

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES AND MEMBERS OF STRABANE ETHNIC COMMINUITY ASSOCIATION

YEAR ENDED 31 MARCH 2017

I report on the accounts of the charity for the year ended 31 March 2017 which are set out on pages 5 to 10.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 65 of the Charities Act Northern Ireland 2008 Accounts and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit is eligible for independent examination, it is my responsibility to:

BASIS OF INDEPENDENT EXAMINER'S REPORT

My examination was carried out in accordance with the general Directions given by the Charity Commission of Northern Ireland 2008. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

INDEPENDENT EXAMINER'S STATEMENT

In the course of my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

- 3 -

STRABANE ETHNIC COMMINUITY ASSOCIATION

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES AND MEMBERS OF STRABANE ETHNIC COMMINUITY ASSOCIATION (continued)

YEAR ENDED 31 MARCH 2017

Seamus Mc Caffrey Independent examiner

50 Campsie Road Omagh Co Tyrone BT79 0AG

........................

- 4 -

STRABANE ETHNIC COMMINUITY ASSOCIATION

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)

YEAR ENDED 31 MARCH 2017

Unrestricted Restricted Total Funds Total Funds
Funds Funds 2017 2016
Note £ £ £ £
INCOMING RESOURCES
Incoming resources from
generating funds:
Voluntary income 2 – 52,875 52,875 61,367
Activities for generating
funds 3 1,270 1,500 2,770 710
Investment income 4 – – – 5
!!!!!!! !!!!!!!!! !!!!!!!!! !!!!!!!!!
TOTAL INCOMING
RESOURCES 1,270 54,375 55,645 62,082
!!!!!!! !!!!!!!!! !!!!!!!!! !!!!!!!!!
RESOURCES EXPENDED
Charitable activities 5/6 (2,836) (54,375) (57,211) (61,398)
!!!!!!! !!!!!!!!! !!!!!!!!! !!!!!!!!!
TOTAL RESOURCES
EXPENDED (2,836) (54,375) (57,211) (61,398)
!!!!!!! !!!!!!!!! !!!!!!!!! !!!!!!!!!
NET
(OUTGOING)/INCOMING
RESOURCES FOR THE
YEAR/NET
(EXPENDITURE)/INCOME
FOR THE YEAR (1,566) – (1,566) 684
RECONCILIATION OF
FUNDS
Total funds brought forward 8,917 – 8,917 8,233
!!!!!!! !!!! !!!!!!! !!!!!!!
TOTAL FUNDS CARRIED
FORWARD 7,351 – 7,351 8,917
""""""" """" """"""" """""""

The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.

All of the above amounts relate to continuing activities.

The notes on pages 7 to 10 form part of these accounts.

- 5 -

STRABANE ETHNIC COMMINUITY ASSOCIATION

BALANCE SHEET

31 MARCH 2017

2017 2016
Note £ £ £
FIXED ASSETS
Tangible assets 8 306 382
CURRENT ASSETS
Debtors 9 8,487 10,971
Cash in hand 201 53
!!!!!!! !!!!!!!!!
8,688 11,024
CREDITORS: Amounts falling due within one
year 10 (1,643) (2,489)
!!!!!!! !!!!!!!!!
NET CURRENT ASSETS 7,045 8,535
!!!!!!! !!!!!!!
TOTAL ASSETS LESS CURRENT LIABILITIES 7,351 8,917
!!!!!!! !!!!!!!
NET ASSETS 7,351 8,917
""""""" """""""
FUNDS
Unrestricted income funds 11 7,351 8,917
!!!!!!! !!!!!!!
TOTAL FUNDS 7,351 8,917
""""""" """""""

Trustees' responsibilities:

These accounts were approved by the members of the committee and authorised for issue on the ........................ and are signed on their behalf by:

Mr Bozena Rojkowic

Trustee

The notes on pages 7 to 10 form part of these accounts.

- 6 -

STRABANE ETHNIC COMMINUITY ASSOCIATION

NOTES TO THE ACCOUNTS

YEAR ENDED 31 MARCH 2017

1. ACCOUNTING POLICIES

Basis of accounting

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), and the requirements of the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005).

Fixed assets

All fixed assets are initially recorded at cost.

2. VOLUNTARY INCOME

Restricted Total Funds Total Funds
Funds 2017 2016
£ £ £
Grants receivable
DFC 44,095 44,095 46,250
DCSDC Good Relations Multicultural Event 3,500 3,500 4,000
Lloyds TSB-Youth Programme – – 1,489
DCSDC Community Festivals 4,200 4,200 3,745
DFC AIVC 1,080 1,080 1,965
OFMDFM Shared Diversity in Community – – 2,881
OFMDFM Central Good relation Programme – – 1,037
!!!!!!!!! !!!!!!!!! !!!!!!!!!
52,875 52,875 61,367
""""""""" """"""""" """""""""

3. INCOMING RESOURCES FROM ACTIVITIES FOR GENERATING FUNDS

Unrestricted Restricted Total Funds Total Funds
Funds Funds 2017 2016
£ £ £ £
Fundraising events 1,270 – 1,270 160
Irish Churches – – – 50
Customised Training Servicies – 1,500 1,500 –
Strabane Distrct Council- Language
Trasnlation – – – 500
!!!!!!! !!!!!!! !!!!!!! !!!!
1,270 1,500 2,770 710
""""""" """"""" """"""" """"
INVESTMENT INCOME
Total Funds Total Funds
2017 2016
£ £
Bank interest receivable – 5
"""" """"

4. INVESTMENT INCOME

- 7 -

STRABANE ETHNIC COMMINUITY ASSOCIATION

NOTES TO THE ACCOUNTS

YEAR ENDED 31 MARCH 2017

5. COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE
Unrestricted Restricted Total Funds Total Funds
Funds Funds 2017 2016
£ £ £ £
Direct Charitable Expenditure 2,836 54,375 57,211 61,398
""""""" """"""""" """"""""" """""""""
6. COSTS OF CHARITABLE ACTIVITIES BY ACTIVITY TYPE
Activities
undertaken Total Funds Total Funds
directly 2017 2016
£ £ £
Direct Charitable Expenditure 57,211 57,211 61,398
""""""""" """"""""" """""""""
7. STAFF COSTS AND EMOLUMENTS
Total staff costs were as follows:
2017 2016
£ £
Wages and salaries 25,419 25,714
Social security costs – –
!!!!!!!!! !!!!!!!!!
25,419 25,714
""""""""" """""""""
Particulars of employees:
The average number of employees during the year, was as follows:
2017 2016
2 2

No employee received remuneration of more than £60,000 during the year

- 8 -

STRABANE ETHNIC COMMINUITY ASSOCIATION

NOTES TO THE ACCOUNTS

YEAR ENDED 31 MARCH 2017

8. TANGIBLE FIXED ASSETS

Fixtures & Fittings Fixtures & Fittings Fixtures & Fittings
£
COST
At 1 April 2016 and 31 March 2017 4,433
"""""""
DEPRECIATION
At 1 April 2016 4,051
Charge for the year 76
!!!!!!!
At 31 March 2017 4,127
"""""""
NET BOOK VALUE
At 31 March 2017 306
""""
At 31 March 2016 382
""""
9. DEBTORS
2017 2016
£ £
Trade debtors 8,487 10,971
""""""" """""""""
**10. ** CREDITORS: Amounts falling due within one year
2017 2016
£ £
Bank loans and overdrafts 754 1,600
Trade creditors 657 657
Accruals and deferred income 232 232
!!!!!!! !!!!!!!
1,643 2,489
""""""" """""""
**11. ** UNRESTRICTED INCOME FUNDS
Balance at Incoming Outgoing Balance at
1 April 2016 resources resources 31 March 2017
£ £ £ £
General Funds 8,917 1,270 (2,836) 7,351
""""""" """"""" """"""" """""""

- 9 -

STRABANE ETHNIC COMMINUITY ASSOCIATION

NOTES TO THE ACCOUNTS

YEAR ENDED 31 MARCH 2017

12. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Tangible Net current
fixed assets assets Total
£ £ £
Unrestricted Income Funds 306 7,351 7,657
!!!! !!!!!!! !!!!!!!
Total Funds 306
""""		 7,351
"""""""		 7,657
"""""""

- 10 -

STRABANE ETHNIC COMMINUITY ASSOCIATION

MANAGEMENT INFORMATION

YEAR ENDED 31 MARCH 2017

The following pages do not form part of the statutory accounts which are the subject of the independent examiner's report on pages 3 to 4 .

- 11 -

STRABANE ETHNIC COMMINUITY ASSOCIATION

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 MARCH 2017

2017 2016
£ £ £
INCOMING RESOURCES
VOLUNTARY INCOME
DFC 44,095 46,250
DCSDC Good Relations Multicultural Event 3,500 4,000
Lloyds TSB-Youth Programme – 1,489
DCSDC Community Festivals 4,200 3,745
DFC AIVC 1,080 1,965
OFMDFM Shared Diversity in Community – 2,881
OFMDFM Central Good relation Programme – 1,037
!!!!!!!!! !!!!!!!!!
52,875 61,367
!!!!!!!!! !!!!!!!!!
ACTIVITIES FOR GENERATING FUNDS
Fundraising events 1,270 160
Irish Churches – 50
Customised Training Servicies 1,500 –
Strabane Distrct Council- Language Trasnlation – 500
!!!!!!! !!!!
2,770 710
!!!!!!! !!!!
INVESTMENT INCOME
Bank interest receivable – 5
!!!! !!!!
!!!!!!!!! !!!!!!!!!
TOTAL INCOMING RESOURCES 55,645 62,082
!!!!!!!!! !!!!!!!!!
RESOURCES EXPENDED

- 12 -

STRABANE ETHNIC COMMINUITY ASSOCIATION

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 MARCH 2017

2017 2016
£ £ £
CHARITABLE ACTIVITIES
Staff costs - Wages & Salaries 25,419 25,714
Establishment - Repairs & maintenance – 175
Rent 9,687 10,306
Heat & Light 916 853
Legal Fees 84 –
Insurance 1,185 872
Stationary 173 858
Subscriptions – 20
Donations 630 250
Telephone 793 649
Travel 105 227
Projects & Courses 11,526 12,594
Administration Wages 5,953 8,039
Accounts Fee 479 476
Depreciation 76 –
Bank Fees 114 106
Training – 95
Cleaning 71 164
!!!!!!!!! !!!!!!!!!
57,211 61,398
!!!!!!!!! !!!!!!!!!
!!!!!!!!! !!!!!!!!!
TOTAL RESOURCES EXPENDED 57,211 61,398
!!!!!!!!! !!!!!!!!!
!!!!!!! !!!!
NET (OUTGOING)/INCOMING RESOURCES
FOR THE YEAR (1,566)
"""""""		 684
""""

- 13 -

STRABANE ETHNIC COMMINUITY ASSOCIATION

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 MARCH 2017

2017 2016
£ £ £
CHARITABLE ACTIVITIES
Direct Charitable Expenditure
Activities undertaken directly
Staff costs - Wages & Salaries 25,419 25,714
Establishment - Repairs & maintenance – 175
Rent 9,687 10,306
Heat & Light 916 853
Legal Fees 84 –
Insurance 1,185 872
Stationary 173 858
Subscriptions – 20
Donations 630 250
Telephone 793 649
Travel 105 227
Projects & Courses 11,526 12,594
Administration Wages 5,953 8,039
Accounts Fee 479 476
Depreciation 76 –
Bank Fees 114 106
Training – 95
Cleaning 71 164
!!!!!!!!! !!!!!!!!!
57,211
!!!!!!!!!		 61,398
!!!!!!!!!

- 14 -