Company registration number: N1054012 Charity Commisslon Nl number: 100066 Cullybackey Community Partner8hlp Company limited by guarantee Unaudlted flnanclal statements 31 December 2022
Cullybackey Community Partnershlp Company limited by guarantee Contsnts Page Reference and administrative details Trustees report Independent examiners report Statement of financial activities Balance sheet 9-10 Notes to the financial statements
Cullybackey Community Partnership Company1Smlted by guarantee Reference and administrative details Trustees Thomas Simpson Robert Kerr Sarah Boyd Patrick Fisher Margaret Murphy Ruth Orr Maureen Johnston Elizabeth Kyle Catherine Logan Sylvia Mccorkell John McKelvey Peter McKelvey Joan McKibbin Robert McNeilly Elszabeth Steed Robert Colville Paul Christie Oonagh Dalton Jayne Hutchinson Georgina Peacocke Coleen Christie (Appointed 9 August 2022) Jonathon Fulton (Appointed 9 August 2022) Rev Adrian RonaFd Halligan (Appointed 9 August 2022) Roy McLean (Appointed 9 August 2022) Andrew Sands (Appointed 10 May 2023) (Resigned 8 March 2022) (Resigned 8 March 2022) (Resigned 8 March 2022) (Resigned 8 March 2022) (Reslgned 10 May 2023) Company number N1054012 CCNI number 100066 Reglstered offlce Maine Business Centre 82 Main Street Cullybackey Ballymena BT42 1BW Accountants Potter Finnegan Limited Unit 25 The Courtyard Business Park 190 Galgorm Road Ballymena Co. Antrim BT42 1HL Bankers Danske Bank 1- 2 Broadway Ballymena Co. Antrim BT43 7NA Sollcltors Greer Hamilton & Galley 27 High Street Ballymoney Co. Antrim BT53 6AJ Page 3
Cullybackey Community Partnership Company limited by guarantee Trustees report Year ended 31 December 2022 The trustees present their report and the unaudited financial statements of the company for the year ended 31 December 2022. Objectives and Activitios The partnership exists to benefit the inhabitants of Cullybackey and environs and advance community development for the benefit of the public. The partnership changed its name in 2016 from Cullybackey Improvement Association. The change of name was agreed following the amalgamation of Cullybackey Improvement Association and Cullybackey Development Association. The memorandum and articles of association of Cullybackey Community Partnership have been updated. All outstanding assets and liabilities of Cullybackey Development Association were transferred to the partnership in 2017. We have concentrated on running our social enterprise and thereby providing opportunity for small business to grow. We have some very community orientated tenants who provide a service through promoting healthy activities, supporting vulnerable members of society, and caring for the wellbeing of those with psychological problems. This focus on our tenants will provide income for the charity in years to come and help secure the ability of the charity to improve the village of Cullybackey. Besides the social enterprise, there has been significant focus on other objectives of the charity, This includes the promotion of social inclusivity and enhancement of the natural environment. This includes the provision and maintenance of flowerbeds, growing wildflowers, establishing a small orchard. major improvements to the Riverside Path including a green gym, notice boards and developing a community garden. In relation to social Inclusivity, we have engaged with the community in 2022 through the Queen's Jubilee event. a very successful Christmas celebration event and have supported our membership of Bann Maine West through involvement in their social enterprise project. Achievement and Performance In all activities undertaken throughout the year the trustees have had regard to the guidance provided on public benefit and have concluded that the community has evidenced the benefit through verbal feedback, their support at community events and their interest in the community newsletter and Facebook. They have also demonstrated a pride in bringing about environment improvements. The switching on of the Christmas tree lights In 2022 was the biggest Christmas celebration in recent years. All the Christmas Lights were repaired due to the generosity of Cranswick. In summary the main achievements have been.. Continued management of a successful letting business for the benefit of the community. maintenan and enhancement of the natural environment (including Ulster in Bloom and Britain In bloom recognition for 2022. Green Flag award for our Shellinghill Park and Millennium Path. Nl Housing Housing Executive Community Spirit Award Promotion of social inclusion and good relations through the staging of various community activities including Queen's Jubilee Event. Increasing presence in the communty including a meeting wth various groups in the village. Promoting the use of the new community space resulting in the area hosting events, classes and various meetings. Successful participation in our community cluster group activities through their renting of retail space in the Maine Business Centre to accommodate a hub and gift shop. This not only brings in rental income but also promotes community involvement and tourism. A very successful Christmas Festival Christmas lights repaired sponsored by Cranswtck. Grants awarded by Translink for environmental work. Business sponsorship drive raising around £3000. Nomination for the Queen's Award for voluntary Service Involved in filming for Season 4 of Mahon's Way. Page 4
Cullybackey Community Partnershlp Company Ilmlted by guarantee Trustees report Year ended 31 December 2022 Flnancial Review The charity continues to rely on rental receipts as its main source of income although we continue to seek grant funding from various SoUrS and receive sponsorship of our work. Occupancy rates has almost reached 100 % . All monies in relation of fitting out the top floor have been paid and the roof problem has been successfully resolved. Major breakdown of the lift proved to be quite expensNe. However, Trustees are confident that there are sufficient funds to cover all expenses. Plans for Future Periods Ourfuture plans include a concentration on environmental improvementwith an emphasis on promoting tourism. We also have plans to promote a healthy lifestyle through our walking group and other health related projects including the phamiacy scheme. We have completed a village plan setting out our vision for future progression. We already have a quarterly newsletter keeping the community informed of what is going on and we have extended this to include regular posting on Facebook. The fitting out of the community space has generated a considerable increase in current income. Several groups use it for their meetings, and we are just building up our educational and hobby classes. The top floor office continues to be let out on an annual basis. Participation in the village renewal scheme has led to the installation of an outdoor gym along the Riverside path and the erection of inforrnation boards detailing the ftora and fauna in the area. This has and will continue to facilitate working with Galgorm Manor (who own the riverside path) to bring about environmental improvements. Plans are in pla to work wh Translink on developing the Community Orchard as an outdoor teaching space for Buick Memorial School. Structure, Governance and Management Cullybackey Community Partnership is a company limited by guarantee governed by its memorandum and articles of association. It is registered as a charity with the Charity Commission for Northern Ireland. Anyone over the age of 16 who is a resident in the Cullybackey area can become a member. During the year there were 52 members. During the year. the charity was managed by a number of trustees with various abilities. In the interest of sUcSsion planning. we have recruited three new trustees with a range of abilities and have plans to recruit a number more in 2023. We hold monthly meetings and an annual general meeting. We operate under the guidance of a Chair and Vice Chair together with a secretary and treasurer. Small Company Provisions This report has been provided in accordance with the provish)ns applicable to companies entitled to the small company's exemption. This report was approved by the Board on 25 September 2023 and signed on behalf of the Board by: Roy Colville Trustee Margaret Murphy Trustee Page 5
Cullybackey Communlty Partnershlp Company Ilmlted by guarantee Independent Examinerfs Report to the Trustees of Cullybackey Community Partnershlp Year ended 31 December 2022 We report on the accounts of the company for the year ended 31 December 2022. which are set out on pages 8t015. Respective responsSbllltles of trustees and examiner As the charity trustees (and also the directors of the company for the purposes of company law) you are responsible forthe preparation ofthe accounts in accordano with the requirements of the Companies Act 2006. Having satisfied myselfthat the charity is not subject to audit under company law, and is eligible for independent examination, it is my responsibility to.. 'examine the accounts under section 65 of the Charities Act (Northem Ireland) 2008; . follow the procedures laid down in the general Directions given by the Charity Commission ft)r Northem Ireland under section 65(9)(b) of the Charities Act: and • state whether particular matters have come to our attention. Basls of Independent examiner's report We have examined your charity accounts as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included 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 ilems or disclosures in the accounts and seeking explanations from you as charity trustees conceming any such matters. Our role is to state whether any material matters have come to our attention giving us cause to believe.. 1. That accounting records were not kept in accordance with section 386 of the Companies Act 2006 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounts'ng requirements of section 396 of the Companies Act 2006 and with the methods and principles ofthe Charities Statementof Recommended Practice applicable to charities preparing their accounts in accordancewith the Financial Reporting Standard applicable in the UK and Republic cf Ireland 4. That there is further inftjrrnation needed for a proper understanding of the accounts to be reached. Page 6
Cullybackey Community Partnership Company limited by guarantee Independent examiners report to the trustees of Cullybackey Community Partnership {¢ontinued) Year ended 31 December 2022 Independent examiner's statement We have completed my examination and have no COnmS in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Norlhern Ireland, we have found no matters that require drawing to your attention. n Flnnogan Potter Finnegan Llmlted Chartered Accountsnts Unit 25 The Courtyard Business Park 190 Galgorm Road Ballymena Co Antrim BT42 1HL 25 September 2023 Page 7
Cullybackey Communlty Partnership Company Ilmited by guarantee Statement of financial activities Year ended 31 December 2022 Unrestrkted Restrlcted Total Funds Total Funds Funds Funds 2022 2021 Note Incoming resources Donations Income earned from charitsble activities Income earned from other trading activities Investment and other income Total incomlng resources 2.945 7,231 71,432 2,945 14,612 71,432 2,530 26,944 54,147 35 7.381 Expendlture Cost of raising funds Expenditure on charitable activilies other expenditure Total expenditure (2,426) (3,721) <2,426) (17,015) (360) (18.565) (13,294) 180,161) {13,294) (93,455) (79,566) Net income l (expenditure) Transfer between funds Net movement in funds 1847 1,081 366 (6,913) (4A66) 4,090 14 (4,832) (4,466) 4,090 Reconclllatlon of funds Total funds brought forward Total funds carried forward 14 14 106 576 106,942 115 352 110,886 111262 115,352 3,944 All the activities of the company are from continuing operation5. The notes on pages I I to 15 form part of these financial statements. Page 8
Cullybackey Community Partnership Company1SmSted by guarantee Balance sheet 31 December 2022 2022 2021 Note Flxed Assets Tangible assets 10 210.073 246.059 210.073 246,059 Current assets Debtors Cash at bank and in hand 11 19,681 16,855 88.759 84,266 Creditors.. amounts falling due within one year 12 (7.819) (4,427) Net current assets 80,940 79,839 Total assets less current liabilities 291,013 325.898 Creditors.. amounts falling due after more than one year 13 {180,127) (210,546) Net assets 110.886 115,352 The funds of the charity Unrestricted funds Restricted funds Total charity funds 106,942 3,944 110,886 106,576 8,776 115,352 14 For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The members have not requi the company to obtain an audit of its financial statements for the year In question in accordan with section 476: The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounts'ng records and the preparation of financial statements. The notes on pages 11 to 15 form part of these financial statements. Page 9
Cullybackey Community Partnership Company limited by guarantee Balance sheet Icontinued) 31 December 2022 These financial statements have been prepared in accordan with the provisions applicable to companies subject to the small companies, regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and RepubliG of Iland.. These financial statements were approved by the board and authorised for issue on 25 September 2023, and are signed on behalf of the board by: Roy Colville Trustee Margaret Murphy Trustee Company registration number. N1054012 The notes on pages 11 to 15 form part of these financlal statements. Page 10
Cullybackey Community Partnership Company limited by guarantee Notes to the flnanclal statements 31 December 2022 General Information The company is a private company limited by guarantee, registered in Northern Ireland. The address of the registered office is Maine Business Centre, 82 Main Street, Cullybackey, Ballymena. BT42 1 BW. Statement of compliance These financial statements have been prepared under the historical cost convention and in accordance with the Stalement of Recommended Practice 'Accounting and Reporting by Charities (SORP 2015),, issued in July 2014 and the Companies Act 2006 Accountlng pollcles Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. Income All incoming resources are included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following policies are applicable lo particular categories of income.. Income from fundraising. donations and grant is recognised when there is evidence of entitlement, receipt is probable, and its amount can be measured reliably. Rental income is measured at the fair value of the consideration received or receivable net of discounts and Value Added Tax. Tangible assets Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carrred at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a VaLUation, is recognised in other comprehensive income, and accumulated in capital and reserve5, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease eXedS the accumulated revaluation gains accumulated in capital and reser4es in respect of that asset, the eXs5 shall be recognised in profit or loss. Page 11
Cullybackey Community Partnership Company limited by guarantee Notes to the financial statements (continued) 31 December 2022 Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows.. Land and buildings 5% straight line Fixtures. fittings, and equipment 200A straight line If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates. Government grants Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. Incoming resources from charitable actlvltle8 Unrestricted Restrlcted Total Funds Fund8 Funds 2022 Fundraising income Grant income 2.648 4.583 7,231 2,648 11,964 14,612 7,381 7,381 Unrestricted Funds Restricted Funds Total Funds 2021 Fundraising income Grant income 344 1,250 1.594 344 26,600 26,944 25,350 25,350 Incomlng resources from other trading activities Unrestricted Restricted Total Funds Funds Funds 2022 Rental income Room hire and other income Deferred grant leaSed 33,094 7,919 33,094 7.919 30.419 71,432 71,432 Unrestricted Funds Restricted Funds Total Funds 2021 Rental income Room hire and other income Deferred grant released 21,656 2,072 21,656 2.072 30.419 54,147 54,147 Page 12
Cullybackey Community Partnership Company limited by guarantee Notes to the financlal statements (continued) 31 Decembèr 2022 Incoming resources from other activitles Unrestricted Restricted Total Funds Funds Funds 2022 Investment income Unrestricted Funds Restricted Funds Total Funds 2021 Investment income 35 35 35 35 Expenditure on charltable activities Unrestricted Restrlcted Total Funds Funds Funds 2022 Christmas events expenditure Village improvements Pharmacy project expenditure Translink project expenditure Toyota Project expenditure MEA Environmental expenditu Rotary grant expenditure Jubilee grant expenditure 4,995 4,995 3,721 5,418 36 813 986 210 836 17,015 3,721 5.418 36 813 986 210 836 13,294 3,721 Unrestricted Restricted Funds Funds Total Funds 2021 Christmas events expenditure Village improvements Volunteer dinner expenditure Pharmacy project expenditure Orchard project expenditure MEA Covid project expenditure NIHE Covid project expenditure 4,997 4,997 2,455 4.493 738 2.903 939 2,040 18,565 2,455 4,493 738 2,903 939 2.040 16.110 2,455 Page 13
Cullybackey Communlty Partnership Company limlted by guarantee Notes to the financial statements (contlnued) 31 December 2022 Total other expenditure Unrestrlcted Restrlcted Total Funds Funds Funds 2022 Premises expenses Repairs and maintenan General admin expenses Legal and professional fees Depreciation of fixed assets Bad debts 7,178 12,176 4,354 12,280 35,986 2,040 74,014 7,178 12,176 4,354 12,280 35,986 2,040 74,014 Unrestricted Funds Restricted Funds Total Funds 2021 Premises expenses Repairs and maintenan General admin expenses Legal and professional fee8 Depreciation of fixed assets Bad debts 6,548 3,780 1,002 12,260 35.986 1.065 60,641 6,548 3,780 1,002 12,260 35,986 1,065 60,641 Taxatlon The company is a registered charity and is, therefore, exempt from taxation. 10. Tangible assets Freehold Fixtures, Property fittings, and equipment Motor Vehicles Total Cost As at 1 January 2022 Additions As at 31 December 2022 707,457 22,658 1.350 731,465 707,457 22,658 1,350 731,465 Accumulated Depreciatlon As at 1 January 2022 Charge for the year As at 31 December 2022 462.750 35.373 498,123 21,576 343 21,919 1,080 270 1,350 485,406 35,986 521,392 Net book valu8 As at 31 Decèmber 2022 As at 31 December 2021 209,334 244.707 739 1,082 210,073 246,059 270 Page 14
Cullybackey Community Partnershlp Company Ilmited by guarantee Notes to the financlal statements (continued) 31 December 2022 11. Debtors 2022 2021 Debtors Prepayments 19,165 516 19,681 16,425 430 16,855 12. Credltors: amounts falllng due withln on• year 2022 2021 Creditors VAT liabillty Accruals 3,335 1.203 3.281 7,819 1,253 109 3,065 4,427 13. CredStor8: amounts falllng due after more than one year 2022 2021 Deferred income 180 127 180,127 210 546 210,546 14. Summary of Funds Reconciliation Opening balance Income Expenditure Transfers Closing balance Unrestricted funds General 106576 106,576 81,608 80 161 81,608 (80,161) 1,081 (1,081 106,942 106,942 Restricted funds Restricted funds 8,776 8,776 115,352 7,381 7,381 88,989 13.294 (13,294) (93.4551 3,944 3,944 110,886 1,081 Page 15