Charity Number. NIC100010 Drumellan Communlty Association Annual Report and Audited Flnancial Ststements for the flnancial year ended 31 March 2023 Daly Park & Company Ltd 4 Carne9le Street Lurgan Co. Amiagh 8T66 6AS Northern Irgland
Drumellan Community Association CONTENTS Page Reference and Administratlve Infomalion Trustees, Report ststement of Twstees, Responsibilities Independent Audltofs Report Statement of Financial Activltles 10 Balanc8 Sheet Statement of Cash Flows 12 Notes to the Flnancial Statements 13-19
Drumellan Community Association BALANCE SHEET as at 31 March 2023 2023 2022 Notes As reststed Fl¥od Assgts Tangible assets 6.144 7.680 Currnnt As¥•ts Deblo Ca8h at bank gnd in hand 10 8,820 94,629 7,985 96,969 103,449 104,954 Crndltors: Amounts f4111ng due wlthln on• y•ar 11 {2,4791 12,4501 Nat Curr•nt Aos•ts 100.970 102,504 To¢•1 As•et• l••• Curr•nt Ll•bllltl 107,114 110,184 Funds R88tri¢l•d Irtssl fund8 Unrestrict•d designated funds General fijnd lunrgstricted) 50.000 57.114 110,184 Total fvnds 14 107.114 110,184 The fingnci81 slalements havg been prepared In accordgnce with the pro¥t8ions applicable lo c¢Jmpan¢e5 yubject to the small companies, Fegime and in accord8rt¢? with FRS 102 'The Financial Repoibng Standard applicabl8 in the UK and Republic of Ireland" applylng Sects'on IA of that St8ndard. Appro¥ed by th• Board of Tru•t•frs •nd 4uthortMd for iMu• on behalf by and •lgned on Its John Crooks B•mie Bum¥ The notes on payes 13 18 fomi psrt oftho finanoal 5taternonls 11
Drumellan Community Association STATEMENT OF CASH FLOWS for the financial year ended 31 March 2023 2023 2022 Notss Cash flows from operatlng activitigs Net movement in fvnds Adjustments for. Depreciation Interest r8e£ivable and slmilar income 13,0691 {2,281} 1,536 {1411 1.922 12121 {1,674) (571} Movements in working ¢apital'. Movement in debtor5 Movement in creditors (836) 29 (7.985) 2,450 Cash generated from oparatlons {2,4811 16,1061 Cash flo from Invostlng actlvltl Interest receNed 141 212 Net Incr&a$• In ¢ash and cagh equlvalgnts Cash and cash equlvalents at 1 Aprll 2022 12,340 96.969 (5,894) 102.863 Cash and cash •quSvalents at 31 March 2023 15 94,629 96,969 12
Drumellan Community Association NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 Taxation and deferred taxation No current or deferred tsxation arises as the chartty has been granted charitable exemption. Irrecoverable valued added tax is expensed as In¢urred. Deferred tax Is recognised in respect of all timing differences that have originated bul not reversed al the balance sheet dale where transactions or events have occurred at Ihal dale that will result in an obligation lo pay more tax in the future. or a right lo pay less tsx in the fvlure. Timing differences are temporary differen¢es belween the tharity'$ tsxable profits and its results as Stated in the financial statements. Deferred tax is measured on an undiscounled basis at the lax rates that are anticipated to apply in the perfods in which the timing dlfferences are expected lo reverse, based on tsx rates and laws that hav8 been ena¢ted or substantively enactsd by the balance sheet dale. INCOME CHARrrABLE ACTMTIES Unrestrlcted Restrlcted Funds Funds 2023 2022 Income from chadtable actrvilies 117,861 37.485 155,346 130,949 INVESTMENTS Unrostr5cted Restrlcted Funds Funds 2023 2022 Investments 212 OTHER INCOME Unrestrlcted R&strlcted Funds Funds 2023 2022 Other Income 21.698 EXPENDITURE CHARITABLE ACTMTIES Dlrect Costs Other Costs Support Costs 2023 2022 Expendlture on charitable a¢tlvites 8,362 2,319 147.735 158,416 155,140 15
Drumellan Community Associatlon NOTES TO THE FINANCIAL STATEMENTS continLred for the financial year ended 31 March 2023 ANALYSIS OF SUPPORT COSTS 2023 2022 Training Costs Wages & Salartes General Office Audit Fees Legal and other professional fees Travel lor staff and other volunteers 2,SOO 127,906 13,267 2.110 8S1 1,101 2.057 127,105 5.866 2,490 69 527 147.735 138.114 NET INCOME 2023 2022 Net Income Is stated after charglngl{¢rediting): Depre¢iats"on of tangible as5els Audllorfs remuneratlon.. - audll service5 Grant3 CeiV?b1e recelved 1,536 1,922 2.110 2.490 121,698) INVESTMENT AND OTHER INCOME 2023 2022 Revenue grants received Bank Interest 21,898 212 141 141 21,910 EMPLOYEES AND REAIUNERATION Number of employees The av6rage number of par50n5 employed {Including axeculiv8 trnstees) during the financlal yfjar was a8 follow¥.' 2023 Numb•r 2022 Number Em¢yeeS The staff ¢osts comprise.. 2023 2022 Wages and salarles Pension costs 124.587 3.319 124.865 2,240 127,906 127.105 16
Drumellan Community Association NOTES TO THE FINANCIAL STATEMENTS continued for the financS8l year ended 31 March 2023 TANGIBLE FIXED ASSETS Fixtures, flttings and equipment Total Cost At 31 March 2023 37,882 37,882 Dgpreclatlon Al 1 Aprll 2022 Charge for thè ffnan¢lal year 30,202 1,536 30.202 1,536 At 31 March 2023 31.738 31,738 Net book value Al 31 March 2023 6,144 6,144 At 31 March 2022 7.880 7,680 10. DEBTORS 2023 2022 Trade debtors Other debtor5 Prepayrnenls and accrued Income 496 7.178 1,146 6.948 1,037 8,820 7.985 11. CREDITORS Amounts falllng dua wlthln one year 2023 2022 Taxation and social security costs (Note 121 Accruals and deferred Incom8 679 1.800 2.4SO 2,479 2.4SO 12. TAXATION AND SOCIAL SECURITY 2023 2022 Credltors: PAYE I NI 679 13. RESERVES 2023 2022 At 140ri12022 Deficit for the flnancial year 110,184 {3.07Q} 112.465 (2.281) At d1 March 2U2J 107,114 lid.184 17
Drumellan Community Association NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 FUNDS 14.1 RECONCILIATION OF MOVEMEMf IN FUNDS Unrestricted Restrictod Funds Funds Total Funds At 1 Aprll 2021 Movement during the financial year 53,672 56,512 58,793 158,793) 112,465 12.2811 At 31 March 2022 Movement during th& financial year 110.184 13,0701 110,184 13,070) At 31 March 2023 107,114 107,114 14.2 ANAL YSIS OF MOVEMENTS ON FUNDS Balancg 1 Apr51 2022 In¢oma ExndIture Transfers bebHeon funds 8alan¢• 31 March 2023 Restrictsd funds Brighlstart Pathways Verve SHSCT- Grant Aid 19,815 12.000 1,000 4,670 19.815 12,000 1.000 4,670 37.485 37,485 Unrestrlctsd funds Unreslricled Generdl Conllngency Reserve Surestart SHSCT4ervlce Lev81 Agreement 110,184 85,091 88,161 150,OCQ) 50,000 57,114 50.000 5.000 27,TTO 5.000 27,770 110,184 117,881 120,931 107,114 Total funds 110.184 155,348 158,416 107,114 The Contingency Re88rve ha5 been set up to allow for any unoxpecled cessalicln or delay in fvnding. so the Chadty can continue day to day operatlons. 15. CASH ANO CASH EQUIVALENTS 2023 2022 Cash and bank balance8 Cash equivalents 94,829 96.969 94.629 96.969 16. PRIOR YEAR ADJUSTMENT During the course of our audit we dlswvered that all restricted monies received up to 3191 March 2023 had been spent at that date. whlch means that all monies brought forward are unrestricted. A pftor year adjustrnent ha$ been pro¢es58d to reflect this In these financlal statements. 18
Drumellan Community Association NOTES TO THE FINANCIAL STATEMENTS conllnued for the financial year ended 37 March 2023 17. POST4ALANCE SHEET EVENTS There have been no significant evants affecting the Charity slnca the financial year*nd. 18. TRUSTEE'S REMUNEFIATION There have been no related paty tfan5actions in the year that requlre dlsdosuro. 19