COMPANY REGISTRATION NUMBER NIC100003
STRABANE ETHNIC COMMUNITY ASSOCIATION UNAUDITED ACCOUNTS
31 MARCH 2019
Charity Number NIC100003
SP McCAFFREY & CO
Chartered Accountants 50 Campsie Road Omagh Co Tyrone BT79 0AG
STRABANE ETHNIC COMMUNITY ASSOCIATION
ACCOUNTS
YEAR ENDED 31 MARCH 2019
| 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 | 11 |
STRABANE ETHNIC COMMUNITY ASSOCIATION
TRUSTEES' ANNUAL REPORT
YEAR ENDED 31 MARCH 2019
The trustees, who are also directors for the purposes of company law, present their report and the unaudited accounts of the charity for the year ended 31 March 2019.
REFERENCE AND ADMINISTRATIVE DETAILS
Strabane Ethnic Community Association
Registered charity name Charity registration number NIC100003 Company registration number NIC100003 Principal office 2 Abercorn Square Strabane Co. Tyrone BT82 8AN
Registered office
The trustees
The trustees who served the charity during the period were as follows:
Mrs Bozena Rojkowicz Mrs Daljeet Kaur Guram Mrs Josephine Rao Mr Janaka Lokugamage Mr Marius Fritea Mrs Janina Mc Grinder Mr Jonathon Mc Intyre
Secretary Josephine Rao
STRUCTURE, GOVERNANCE AND MANAGEMENT
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.
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 Directors consider that this figure should be £5000 and will endeavour to maintain it at this level.
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STRABANE ETHNIC COMMUNITY ASSOCIATION
TRUSTEES' ANNUAL REPORT (continued)
YEAR ENDED 31 MARCH 2019
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.
Registered office:
Signed on behalf of the trustees
Mrs Bozena Rojkowic Trustee
19 June 2019
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STRABANE ETHNIC COMMUNITY ASSOCIATION
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES AND MEMBERS OF STRABANE ETHNIC COMMUNITY ASSOCIATION
YEAR ENDED 31 MARCH 2019
I report on the accounts of the charity for the year ended 31 March 2019 which are set out on pages 5 to 9.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The trustees (who are also the directors of Strabane Ethnic Community Association for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) or under Regulation 10 (1)(a) to (c) of The Charities Accounts (Scotland) Regulations 2006 (the 2006 Accounts Regulations) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
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examine the accounts under section 145 of the 2011 Act and section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 (the 2005 Act);
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to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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to state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER'S REPORT
My examination was carried out in accordance with the general Directions given by the Charity Commission and is in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. 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.
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STRABANE ETHNIC COMMUNITY ASSOCIATION
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES AND MEMBERS OF STRABANE ETHNIC COMMUNITY ASSOCIATION (continued)
YEAR ENDED 31 MARCH 2019
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:
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to keep accounting records in accordance with section 386 of the Companies Act 2006 and section 44(1)(a) of the 2005 Act; and
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to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006, section 44(1)(b) of the 2005 Act and Regulation 8 of the 2006 Accounts Regulations and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
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.
Seamus Mc Caffrey Independent examiner
50 Campsie Road Omagh Co Tyrone BT79 0AG
19 June 2019
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STRABANE ETHNIC COMMUNITY ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)
YEAR ENDED 31 MARCH 2019
| Unrestricted | Restricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| Funds | Funds | 2019 | 2018 | ||
| Note | £ | £ | £ | £ | |
| INCOMING RESOURCES | |||||
| Incoming resources from | |||||
| generating funds: | |||||
| Voluntary income | 2 | – | 57,972 | 57,972 | 56,267 |
| Activities for generating | |||||
| funds | 3 | 5,093 | – | 5,093 | 1,507 |
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| TOTAL INCOMING | |||||
| RESOURCES | 5,093 | 57,972 | 63,065 | 57,774 | |
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| RESOURCES EXPENDED | |||||
| Charitable activities | 4/5 | (4,465) | (57,972) | (62,437) | (59,089) |
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| TOTAL RESOURCES | |||||
| EXPENDED | (4,465) | (57,972) | (62,437) | (59,089) | |
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| NET | |||||
| INCOMING/(OUTGOING) | |||||
| RESOURCES FOR THE | |||||
| YEAR/NET | |||||
| INCOME/(EXPENDITURE) | |||||
| FOR THE YEAR | 628 | – | 628 | (1,315) | |
| RECONCILIATION OF | |||||
| FUNDS | |||||
| Total funds brought forward | 6,036 | – | 6,036 | 7,351 | |
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| TOTAL FUNDS CARRIED | |||||
| FORWARD | 6,664 | – | 6,664 | 6,036 | |
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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 9 form part of these accounts.
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STRABANE ETHNIC COMMUNITY ASSOCIATION
BALANCE SHEET
31 MARCH 2019
| 2019 | 2018 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| FIXED ASSETS | ||||
| Tangible assets | 7 | 996 | 245 | |
| CURRENT ASSETS | ||||
| Debtors | 8 | 9,082 | 9,042 | |
| Cash in hand | 18 | 18 | ||
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| 9,100 | 9,060 | |||
| CREDITORS: Amounts falling due within one | ||||
| year | 9 | (3,432) | (3,269) | |
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| NET CURRENT ASSETS | 5,668 | 5,791 | ||
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| TOTAL ASSETS LESS CURRENT LIABILITIES | 6,664 | 6,036 | ||
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| NET ASSETS | 6,664 | 6,036 | ||
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| FUNDS | ||||
| Unrestricted income funds | 10 | 6,664 | 6,036 | |
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| TOTAL FUNDS | 6,664 | 6,036 | ||
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For the year ended 31 March 2019 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Trustees' responsibilities:
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The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
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The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts were approved by the members of the committee and authorised for issue on the ........................ and are signed on their behalf by:
Mrs Bozena Rojkowicz Director
Company Registration Number: NIC100003
The notes on pages 7 to 9 form part of these accounts.
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STRABANE ETHNIC COMMUNITY ASSOCIATION
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2019
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 | 2019 | 2018 | |||
| £ | £ | £ | |||
| Grants receivable | |||||
| Dept Of Communities | 8,745 | 8,745 | 47,320 | ||
| DCSDC Good Relations Multicultural | Event | 4,000 | 4,000 | 3,747 | |
| DCSDC Community Festivals | 2,200 | 2,200 | 4,400 | ||
| DFC AIVC | – | – | 800 | ||
| OFMDFM Minority Ethnic Dev Fund | 40,027 | 40,027 | – | ||
| Halifax | 3,000 | 3,000 | – | ||
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| 57,972 | 57,972 | 56,267 | |||
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| 3. | INCOMING RESOURCES FROM ACTIVITIES | FOR GENERATING FUNDS | |||
| Unrestricted | Total Funds | Total Funds | |||
| Funds | 2019 | 2018 | |||
| £ | £ | £ | |||
| Fundraising events | 5,093 | 5,093 | 1,507 | ||
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| 4. | COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE | ||||
| Unrestricted | Restricted | Total Funds | Total Funds | ||
| Funds | Funds | 2019 | 2018 | ||
| £ | £ | £ | £ | ||
| Direct Charitable Expenditure | 4,465 | 57,972 | 62,437 | 59,089 | |
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| 5. | COSTS OF CHARITABLE ACTIVITIES BY ACTIVITY TYPE | ||||
| Activities | |||||
| undertaken | Total Funds | Total Funds | |||
| directly | 2019 | 2018 | |||
| £ | £ | £ | |||
| Direct Charitable Expenditure | 62,437 | 62,437 | 59,089 | ||
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STRABANE ETHNIC COMMUNITY ASSOCIATION
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2019
6. STAFF COSTS AND EMOLUMENTS
Total staff costs were as follows:
| Total staff costs were as follows: | ||
|---|---|---|
| 2019 | 2018 | |
| £ | £ | |
| Wages and salaries | 25,792 | 25,313 |
| Social security costs | – | – |
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| 25,792 | 25,313 | |
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| Particulars of employees: | ||
| The average number of employees during the year, was as follows: | ||
| 2019 | 2018 | |
| No. | No. | |
| Number of administrative staff | 1 | 1 |
| Number of management staff | 1 | 1 |
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| 2 | 2 | |
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No employee received remuneration of more than £60,000 during the year (2018 - Nil).
7. TANGIBLE FIXED ASSETS
| 7. | TANGIBLE FIXED ASSETS | ||
|---|---|---|---|
| Fixtures & Fittings | |||
| £ | |||
| COST | |||
| At 1 April 2018 | 4,433 | ||
| Additions | 1,000 | ||
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| At 31 March 2019 | 5,433 | ||
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| DEPRECIATION | |||
| At 1 April 2018 | 4,188 | ||
| Charge for the year | 249 | ||
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| At 31 March 2019 | 4,437 | ||
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| NET BOOK VALUE | |||
| At 31 March 2019 | 996 | ||
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| At 31 March 2018 | 245 | ||
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| 8. | DEBTORS | ||
| 2019 | 2018 | ||
| £ | £ | ||
| Trade debtors | 9,082 | 9,042 | |
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STRABANE ETHNIC COMMUNITY ASSOCIATION
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2019
9. CREDITORS: Amounts falling due within one year
| 2019 | 2018 | |
|---|---|---|
| £ | £ | |
| Bank loans and overdrafts | 2,808 | 2,421 |
| Trade creditors | 515 | 677 |
| Accruals and deferred income | 109 | 171 |
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| 3,432 | 3,269 | |
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10. UNRESTRICTED INCOME FUNDS
| Balance at | Incoming | Outgoing | Balance at | ||
|---|---|---|---|---|---|
| 1 | April 2018 | resources | resources | 31 March 2019 | |
| £ | £ | £ | £ | ||
| General Funds | 6,036 |
5,093 |
(4,465) |
6,664 |
11. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Tangible | ||
|---|---|---|
| fixed assets | Total | |
| £ | £ | |
| Unrestricted Income Funds | 6,664 | 6,664 |
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| Total Funds | 6,664 | 6,664 |
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STRABANE ETHNIC COMMUNITY ASSOCIATION
MANAGEMENT INFORMATION
YEAR ENDED 31 MARCH 2019
The following page does not form part of the statutory accounts which are the subject of the independent examiner's report on pages 3 to 4 .
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STRABANE ETHNIC COMMUNITY ASSOCIATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 MARCH 2019
| 2019 | 2018 | |||
|---|---|---|---|---|
| £ | £ | £ | ||
| INCOMING RESOURCES | ||||
| VOLUNTARY INCOME | ||||
| Dept Of Communities | 8,745 | 47,320 | ||
| DCSDC Good Relations Multicultural Event | 4,000 | 3,747 | ||
| DCSDC Community Festivals | 2,200 | 4,400 | ||
| DFC AIVC | – | 800 | ||
| OFMDFM Minority Ethnic Dev Fund | 40,027 | – | ||
| Halifax | 3,000 | – | ||
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| 57,972 | 56,267 | |||
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| ACTIVITIES FOR GENERATING FUNDS | ||||
| Fundraising events | 5,093 | 1,507 | ||
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| TOTAL INCOMING RESOURCES | 63,065 | 57,774 | ||
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| RESOURCES EXPENDED | ||||
| CHARITABLE ACTIVITIES | ||||
| Staff costs - Wages & Salaries | 25,792 | 25,313 | ||
| Establishment - Rates & Water | 572 | – | ||
| Rent | 10,400 | 10,399 | ||
| Heat & Light | 1,680 | 573 | ||
| Insurance | 1,084 | 1,228 | ||
| Stationary | 275 | 441 | ||
| Telephone | 1,364 | 1,151 | ||
| Travel | 426 | – | ||
| Projects & Courses | 11,354 | 11,123 | ||
| Administration Wages | 8,064 | 8,039 | ||
| Accounts Fee | 529 | 500 | ||
| Depreciation | 249 | 61 | ||
| Bank Fees | 594 | 158 | ||
| Ammortisation | (62) | (61) | ||
| Cleaning | 116 | 164 | ||
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| 62,437 | 59,089 | |||
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| TOTAL RESOURCES EXPENDED | 62,437 | 59,089 | ||
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| NET INCOMING/(OUTGOING) RESOURCES | ||||
| FOR THE YEAR | 628 |
(1,315) |
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STRABANE ETHNIC COMMUNITY ASSOCIATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 MARCH 2019
| 2019 | 2018 | |||
|---|---|---|---|---|
| £ | £ | £ | ||
| CHARITABLE ACTIVITIES | ||||
| Direct Charitable Expenditure | ||||
| Activities undertaken directly | ||||
| Staff costs - Wages & Salaries | 25,792 | 25,313 | ||
| Establishment - Rates & Water | 572 | – | ||
| Rent | 10,400 | 10,399 | ||
| Heat & Light | 1,680 | 573 | ||
| Insurance | 1,084 | 1,228 | ||
| Stationary | 275 | 441 | ||
| Telephone | 1,364 | 1,151 | ||
| Travel | 426 | – | ||
| Projects & Courses | 11,354 | 11,123 | ||
| Administration Wages | 8,064 | 8,039 | ||
| Accounts Fee | 529 | 500 | ||
| Depreciation | 249 | 61 | ||
| Bank Fees | 594 | 158 | ||
| Ammortisation | (62) | (61) | ||
| Cleaning | 116 | 164 | ||
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62,437 |
59,089 |
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