REGISTERED COMPANY NUMBER: N1026138 (Northern Ireland}
REGISTERED CHARITY NUIIqBER: NIC 100077
ort of the Trustees and
Financial Statements for the Year Ended 31 October 2022
for
Clonard Residents Association
Acom
Limited b Guarantee
an
Lynn Drake & Co Ltd
Chartered Accountants
1st Floor
34 B-D Main Street
Moira
Co. Armagh
BT67 OLE

Clonard Residents Association
Contents of the Financial Statements
for the Year Ended 31 October 2022
Page
Reference and Administrative Details
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Statement of Financial Position
Notes to the Financial Statements
9 to 16
Detailed Statement of Financial Activities
17

Clonard Residents Associalion
Reference and Administrative Details
for the Year Ended 31 October 2022
TRUSTEES
Albert Allen Director
Seaii Murray Director
Daniel Jack Director
COMPANY SECRETARY
Daniel Jack
REGISTERED OFFICE
148- 152, First Floor
Springfield Road
Belfast
Co. Down
BT12 7AE
REGISTERED COMPANY
NUMBER
N1026138 (Northern Ireland)
RECISTERED CHARITY
NUMBER
NIC 100077
INDEPENDENT EXAMINER Lynn Drake & Co Ltd
Chartered Accountants
1st Floor
34 B-D Maiii Street
Moira
Co. Arinagh
BT67 OLE

Clonard Residents Assoeiation
ort of the Trustees
for the Year Ended 31 October 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their
report with the financial stateinents of the charity for the year ended 31 October 2022. The trustees have
adopted the provisions of Accounting and Reporting by Charities.. Stateinent of Recommended Practice
applicable to cliarities preparing their accounts in accordance with the Financial Reporting Staiidard
applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019).
OBJECTIVES AND ACTIVITIES
Principle Activities
The association has been set up with the aims of benefiting the inhabitants of the Clonard Area of Belfast by
providing Advisory and Welfare facilities in the area. Clonard Residents Association is listed under the
Belfast Housing Associatioiis & Societies category.
Public benefit
The direct benefits which flow from the purpose of Clonard Residents Association includes the regeneration
of the Clonard community through physical, social and econoinic improvements while developing and
inspiring civic values and encouraging voluntary and Community activity.
Engageinent and liaison with statutory agencies with the object of improving the conditions of life for the
inliabitants is also a key benefit.
These benefits are evidenced through feedback and participation from residents and recognition from
statutory bodies as a point of contact for issues to be addressed and highlighted. Tlie progress of the ongoing
pl)ysical development of the local area will also be a key indicator as much needed housing, amenities and
other facilities for use by the local cominunity are the consequence of tliis process. This purpose does nol
give rise to any harm.
The beneficiarics of this purpose are the people resident in the Clonard area which is an area of high social
deprivation.
There are no direct private benefits for any trustees of the association except that as people living in that
locality they will benefit from tlie improved pliysical. social and econoinic developinents. Tliese beiiefits are
incidental and are necessary for us to meet our purpose as a community development organisation.
FINAINCIAL REVIEW
The company had net incoining resources for the year of £1,994 (2021 net incoming resoiirces of £8.633.
which reflected a surplus of income over ¢xpenditure. Unrestricted funds increased by £1,944. The
unrestricted fund balance at 31 October 2022 was £76,406. The Restricted fund balance at 31 October 2022
was £Nil
The trustees continue to monitor the impact of Covid 19 and are confident that procedures are in place to
minimise the impact of Covid 19.
FUTURE PLANS
The company will continue to let the property out on a commercial basis
STRUCTURE, GOVERNANCE AND MANAGEMEIYT
Governing document
The charity is controlled by its governing document. a deed of trust, and constitutes a limited company,
limited by guarantee, as defined by the Companies Act 2006.

Clonard Residents Association
ort of the Trustees
for the Year Ended 31 October 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governance of the Charity
During the period under review the directors met monthly.
Trustees/directors are appointed by nominations made in writing by any existing director. At the General
Meeting noininated directors are appointed by electioii.
Risk management
The principles of good governance are embedded witliin all aspects of Clonard Residents Association
Limited operations with management and staff being keenly aware of the Boards respoiisibility of ensuring
that the organisation protects itself from financial exposure and reputational dainage, A close working
relationship is maintained between tlie Board and management to ensure tliat operationally staff are aware of
the standards required of them by the Board and the Board are always in a position to provide guidance and
support to management iii the discharge of their duties. This two way relationship is the key feature of
Clondard Residents Association Limited governance arrangements and is a key strength in the company.
A conscientious approach to ensuring that contractual project requirements are acliieved has been maintained
at all times both in the accounting period being reported on and since Cloiidard Residents Association
Limited establishment. Very tight financial coiitrols on expenditure and all financial coinmitments are
maintained at all times and project staff have been trained and have become experienced in budgetary
controls.In both these areas ie Project delivery and financial controls management all staff have established
close working relationships with funding orgaiiisations to ensure all mandatory staiidards are consistently
achieved. Board representatives also actively engage with funding bodies.
The Board, management and staff are fully aware that the nature of the work tn which Clondard Residents
Association Limited is involved can bring with it a high level of scrutiny to ensure that all activities are fully
compliant with funding requirements and,therefore, beyond reproach.The Board of Clondard Resideiits
Association Limited is, therefore, greatly reassured of the company's compliance with the higliest of
standards of governance on the basis that all moiiitoring and evaluation of project delivery deinonstrates
achieveinent of all funders objectives and that funders, audits and vouching of financial expenditure and the
independent accountants report confirin coinpliance with both probity and regularity in the use of monies
rec¢ived.
EVENTS SINCE THE END OF THE YEAR
Information r¢lating to events since the end of the year is given in the notes to the fiiiancial statements.
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trust¢cs (who are also the directors of Clonard Residents Association for the purposes of company law)
are responsible for preparing the Report of the Trustees and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice) includiiig Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland

Clonard Residents Association
ort of the Trustees
for the Year Ended 31 October 2022
STATEMENT OF TRUSTEES, RESPONSIBILITIES - continued
Company law requires the trustees to prepare financial statements for each financial year which give a true
and fair view of the state of affairs of the charitable company and of the incoining resources and application
of resources, including the income and expenditure, of the charitable company for that period. In preparing
thos¢ financial stateinents, the trustees are required to
select suitable accounting policies and then apply thcin coiisistently;
observe the methods and principles in the Charity SORP;
make judgements and estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitablc coinpany will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasoiiable accuracy
at any time the financial position of the charitable company and to cnable them to ensure that the financial
statemeiits comply with the Companies Act 2006. They are also responsible for safeguarding the assets of
the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and
otlier irregularities.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act
2006 relating to small companies.
Approved by order of the board of trustees on 5 April 2023 and signed on its behalf by:
Albert Allen - Trustee

Inde
endent Examiner's Re
ort to the Trustees of
Clonard Residents Association
I report on the accounts of the company for the year ended 31 October 2022, which are set out on pages six
to sixteen.
Respective responsibilities of charity trustees and examxner
As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the
preparation of the accounts in accordance with the requirements of the Companies Act 2006.
Having satisfied myself tliat tlie 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
follow the procedures laid down in the general Directions given by the Charity Commission for
Northern Ireland under Section 65(9)(b) of the Charities Act
state whether particular matters have come to my attention.
Basis of the independent examiner's report
I have exainiiied your charity accouiits as required under Section 65 of the Charities Act and Iny examination
was carried out in accordance with the general Directions given by the Charity Coinmission for Northern
Ireland under Section 65(9)(b) of the Charities Act. The exainiiiation included a review of tlie accountiiig
records kept by the charity and a coinparison of the accounts presented witli those records. It also included
consideration of aiiy unusual items or disclosures in the accounts, and seeking explanations from you as
charity trustees concerning any such matters.
My role is to state whether any material matters have come to my atteiition giving me cause to believe..
That accounting records were not kept in accordance with Section 386 of the Companies Act 2006
That the accounts do not accord with tliose accountiiig records
That thc accounts do not comply with the accounting requiremeiits of Section 396 of the Coinpanics
Act 2006 and with the methods and principles of the Charities Statement of Recoinmeiided Practice
applicable to charities prepariiig th¢ir accouiits in accordance with the Finaiicial Reporting Standard
applicabl¢ in the UK and Republic of Ireland
That there is further information needed for a proper understanding of the accounts to be reached.
Independent examiner's statement
I liave completed niy examination and have no concerns in respect of the matters (l) to (4) listed above and,
in connection with followiiig the Directions of tlie Charity Commission for Northern Ireland, I have found no
matters that require drawing to your atteiition.
Mr Billy Drake
Lynn Drake & Co Ltd
Chartered Accountants
I st Floor
34 B-D Main Street
Moira
Co. Armagh
BT67 OLE
5 April 2023

Clonard Residents Association
Statement of Financial Activities
for the Year Ended 31 October 2022
31.10.22
Total
funds
31.10.21
Total
funds
Unrestricted Restricted
funds
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
9,737
9,737
14,784
Charitable activities
Grants Receivable
5,200
Total
9,737
9,737
19,984
EXPENDITURE ON
Charitable activities
Direct Charitable Expenditure
Governance
6,728
1,015
6,728
1,015
10,451
900
Total
7,743
7,743
11,351
NET INCOME
1,994
1,994
8,633
RECONCILIATION OF FUNDS
Total fuiids brought forward
74,412
74,412
65,779
TOTAL FUNDS CARRIED FORWARD
76,406
76,406
74,412
The notes form part of these financial statements

Clonard Residents Association
Statement of Financial Position
31 October 2022
3I.10.22
31.10.21
Notes
CURRENT ASSETS
Cash at bank
78,527
76,412
CREDITORS
Amounts falling due within one year
(2,121)
(2,000)
NET CURRENT ASSETS
76,406
74,412
TOTAL ASSETS LESS CURRENT
LIABILITIES
76,406
74,412
NET ASSETS
76,406
74,412
FUNDS
Unrestricted funds
76,406
74,412
TOTAL FUNDS
76,406
74,412
The charitable company is entitled to exeinption from audit under Section 477 of the Companies Act 2006
for the year ended 31 October 2022.
The members have not required the coinpany to obtain an audit of its financial statements for the year ended
31 October 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a)
ensuring that the charitabl¢ company keeps accounting records that coinply with Sections J86 and 387
of the Coinpanics Act 2006 and
(b) preparing financial statements which give a true and fair view of tlie state of affairs of th¢ charitable
company as at the eiid of each financial year and of its siirplus or deficit for each financial year in
accordance with the requireinents of Sections 394 and 395 and which otherwise comply with the
requireincnts of the Coinpanies Act 2006 relating to financial statements, so far as applicable to the
charitable company.
The notes form part of these financial statements
continu¢d..-

Clonard Residents Association
Statement of Financial Position - Continued
31 October 2022
These financial statements have been prepared in accordaiice with tlie provisions applicable to charilable
companies subject to the small companies regime.
The financial statements were approved by the Board of Trust¢¢s and authorised for issue on 5 April 2023
and were signed on its behalf by..
Albert Allen - Trustee
Sean Murray - Trustee
The notes form part of these financial statements

Clonard Residents Association
Notes to the Financial Statements
for the Year Ended 31 October 2022
ACCOUNTIING POLICIES
Basis of preparing the financial statements
(a) General information and basis of preparation
Clonard Residents Association Limited is constituted as a company limited by guarantee incorporated
in Northern Ireland (N1026138). In tlie event of tlie charity being would up, the liability in respect of
tlie guarantee is limited to £1 per member of the cliarity.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have
been prepared in accordai)ce witli Accouiiting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Irelaiid (FRS 102), the Financial
Reporting Standard applicable in the United Kingdoin and Republic of Ireland (FRS 102), tlie
Charities Act (Nortliern Ireland) 2013, the Companies Act 2006 and UK Generally Accepted Practice
as it applies from l January 2015.
The financial statements are prepared on a going concerii basis under the historical cost convention,
modified to include certain iteins at fair value. The financial statemeiits are presented in sterling
which is the functional currency of the charity.
The significant accounting policies applied in the preparatioii of tliese financial statements are set out
below. These policies have been consistently applied to all years presented unless otherwise stated.
(b) Funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general
objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the triistees for particiilar
purposes. The aim aiid us¢ of each designated fuiid is set out iii the notes to the finaiicial stateineiits.
Restricted funds arc funds which are to be used in accordance with specific restrictions imposed by
donors or which hav¢ been raised by the charity for particular purposes. The cost of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes to the financial statements.
Further explanation of the nature and purpose of ¢a¢h fund is included in the notes to the financial
statements.
(e) Income recognition
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity
is legally entitled to the income after any performance conditions have been Inet, the amount can be
measured reliably and it is probable that the income will be received.
continued...

Clonard Residents Association
Notes to the Financial Statements - continued
for the Year Ended 31 October 2022
ACCOUNTING POLICIES - continued
Basis of preparing the financial statements
For donations to be recognised the charity will have been notified of the amounts and the settleinent
date in writing. If tliere are coiiditions attached to the donation and this requires a level of
performance before entitlement can be obtaiiied then income is deferred until tliose conditions are
fully met or the fulfilment of tliose conditions is within tlie coiitrol of tli¢ charity and it is probable
that they will be fulfilled.Voluntary income is received by way of grants, donations and gifts and is
included in full in the Statement of Financial Activities (SOFA) when receivable. Income received
from collections is recognised when received.
Donated facilitles and donated professional services are recognised in income at their fair value when
their economic benefit is probable, it can be measured reliably and the charity has control over the
itein. Fair value is deterinined on the basis of the value of the gift to the charity. For example the
amount the charity would be williiig to pay in the open market for such facilities and services. A
corresponding amount is recognised in expenditure.
No amount is included in tlie financial statements for volunteer time in line with the SORP (FRS 102).
Further detail is given in the Trustees, Annual Report.
For legacies, entitlement is the earlier of the charity being notified of an impending d istribution or the
legacy being received. At this point income is recognised. On occasion legacies will be notified to the
charity however it is not possible to measure the amount expected to be distributed. On these
occasions, the legacy is treated as a contingent asset and disclosed.
Income from trading activities includes income earned from fundraising events and trading activities
to raise funds for the charity. Incoine is received in exchange for supplying goods and services in
order to raise funds and is recognised when entitlement has occurred.
The charity receives governinent grants which are detailed within the notes to tliese financial
statements. Income from government and other grants ar¢ recognised at fair value when the charity
has eiititleinent after aiiy performance conditions have been met, it is probable that the income will be
received and the amount can be ineasured reliably. If entitlement is not met th¢n these amounts are
deferred.
(D) Expenditiure recognition
All expenditure is accounted for on an accruals basis, inclusive of VAT which cannot be recovered
and has been classified under headings that aggregate all costs related to tlie category. Expenditure is
recognised where there is a legal or constructive obligation to Inake payments to third parties, it is
probable that the settlern¢nt will be required and th¢ amount of the obligation can be measured
reliably. It is cat¢gorised under the following hcadings..
Costs of raising funds includes the costs associated with attracting voluntary incomes.
Expenditure on charitable activities includes those costs iiicurred by the charity in the delivery of its
activities and services for its beneficiaries. It includes both costs that can be allocated directly to such
activities and those costs of an indirect natur¢ necessary to support them. and
Other expenditure represents thos¢ items not falling into the categories above.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
10
continued...

Clonard Residents Association
Notes to the Financial Statements - continued
for the Year Ended 31 October 2022
ACCOUNTING POLICIES - continued
Basis of preparing the financial slatements
Grants payable to third parties are within the charitable objectives. Where unconditional grants are
offered, this is accrued as soon as tlie recipient is notified of the grant, as this gives rise to a
reasonabl¢ expectation that the recipient will receive the grants. Where grants are conditional relating
to performaiice then the graiit is only accrued when any unfulfilled coiiditions are outside of tlie
control of the charity.
(e) Support costs allocation
Support costs are those that assist the work of the charity but do not directly represent charitable
activities and include offic¢ Costs, goveriiaiice costs. adininistrative payroll costs. They are incurred
directly in support of expenditure on the objects of the charity and include project management
arried out at Headquarters. Where support costs cannot be directly attributed to particular headings
they have been allocated to cost of raising funds and expenditure on charitable activities on a basis
consistent with use of the resources. Premises overheads have been allocated on an insert detail basis
and other overheads have been allocated on a basis consistent with the use of resources.
Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs
of disseminating inforination in support of the charitable a¢tiviti¢s.
(fj Debtors and creditors receivable I payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are
recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
(g) Impairment
Assets not measured at fair value are reviewed for any indication that tlie asset may be impaired at
each balance sheet date. If such indication exists, the recov¢rable ainount of the asset, or the asset's
cash generating uiiit, is estimated aiid compared to the carryiiig amount. Wh¢re the carrying ainount
exceeds its recoverable amount, an iinpairineiit loss is recognised in profit or loss unless the asset is
carried at a revalued amount where the impairment loss is a revaluation decrease.
(h) Provisions
Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a
past event, it is probable that an outflow of econoinic benefits will be required in settlement and the
amount can be reliably estimated.
(i) Leases
Assets acquired under finance leases are capitalised and depreciat¢d over the shorter of tlie lease term
and the expected useful life of the asset. Minimum lease payments are apportioned between the
finance charge and the reduction of the outstanding lease liability using the effective interest method.
The related obligations, net of future finance charges, are included in creditors.
Rentals payable and receivable under operating leases are charged to the SOFA on a straight line basis
over the period of the lease.
continued...

Clonard Residents Association
Notes to the Financial Statements - continued
for the Year Ended 31 October 2022
ACCOUNTING POLICIES - continued
Basis of preparing the financial statements
(i) Tax
No provision is required for taxation as the company is defined as a charity for taxation purposes.
The charity is a registered charity and so such is entitled to certain tax exemptioiis on income and
profits from investments and surpluses on any trading activities carried on in furtherance of the
charity's primary objectives, if these profits and surpluses are applied solely for charitable purposes.
(k) Going concern
The financial statements have been prepared on a going concern basis as the trustees believe that no
material uncertainties exist. The trustees have considered the level of funds held and the expected
level of income and expenditure for 12 months from authorising these financial statements. The
budgeted incoine and expenditure is sufficient with the level of reserves for the charity to be able to
continue as a going concern.
(l) Judg¢ments estimates
The following judgements including those involving estimates that have been made in the process of
applying the above accounting policies that have had the most significant effect on the amounts
recognised in the financial statements and that have a significant risk of causing a material adjustment
to tlie carrying amounts of assets and liabilities within the next financial year:
The estimates and assumptions are reviewed on an ongoing basis considering the current and future
market coiiditions.
Taxation
The company is a registered charity and so such is entitled to certaiii tax exemptions on incom¢ and
profits from investtnents and surpluses on any tradiiig activities carried on in furtlierance of the
charity's primary objectives, if these profits and surpluses are applied solely for charitable purposes.
Fund accounting
The company has various typ¢s of funds for which it is responsible and whicli require separate
disclosure. A definition of the various types of funds is as follows..
(i) Restricted funds
Funds received which are earmarked by the donor for specific purposes. Such purposes are within the
overall aims of the company.
(i) Unrestricted funds
Funds which are expendablc at the discretion of the directors which have been designated for specific
purposes in furtherance of the objects of the charity.
12
ontinued.

Clonard Residents Assoeiation
Notes to the Financial Statements - continued
for the Year Ended 31 October 2022
DONATIONS AND LEGACIES
31.10.22
31.10.21
Gifts
Rent & Overhead Contribution
2,900
11,884
9,737
9,737
14,784
INCOME FROM CHARITABLE ACTIVITIES
31.10.22
31.10.21
Activity
Grants Receivable
Grants
5,200
Grants received, included in the above, are as follows..
31.10.22
31.10.21
Belfast City Council
Clonard Credit Union
5,000
200
5,200
NET INCOMEI(EXPENDITURE)
Net incoinel(expenditure) is stated after Chargin￿(crediting)'.
31.10.22
31.10.21
Accountancy Fee
930
804
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 October 2022 nor for the
year ended 31 October 2021.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31 October 2022 nor for the year ended
31 October 2021.
13
continued...

Clonard Residents Association
Notes to the Financial Statements - Continued
for the Year Ended 31 October 2022
TANGIBLE FIXED ASSETS
(a) The Company's old premises at 24 Kashmir Road, Belfast were vested by the Nl Housing
Executive. The money received from the NI Housing Executive was being held by th¢ company
solicitor. This money has now been transferred over to Clonard Residents Association, during the year
ended 31 October 2011.
(b) The company has a 999 year lease on first floor premises on the Springfield Road. BRO funded
the development of these new premises through Clonard Residents Association who paid the
Proprietors of the Property, Rooney Brothers. Clonard Residents Association do not own this
property.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22
31 10.21
Accruals and deferred income
2,121
2,000
ANALYSIS OF NET ASSETS BETWEEN FUNDS
31.10.22
Total
funds
31.10.21
Total
funds
Unrestricted Restricted
funds
funds
Current assets
Current liabilities
78,527
(2,121)
78,527
(2,121)
76,412
(2,000)
76,406
76,406
74,412
MOVEMENT IN FUNDS
Net
movement
in funds
At
1111121
At
31110122
Unrestricted funds
General fund
Cominunity Foundation
Halifax Foundation
Falls Community Council
Radius Housing Association
NIHE
69,087
1.000
l.500
825
500
1,500
1,994
71,081
1,000
1,500
825
500
1,500
74,412
1,994
76,406
TOTAL FUNDS
74,412
1,994
76.406
14
continu¢d...

Clonard Residents Association
INotes to the Financial Statements - continued
for the Year Ended 31 October 2022
MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
9,737
(7,743)
1,994
TOTAL FUNDS
9,737
(7,743)
1,994
Comparatives for movement in funds
Net
movement
in funds
At
l/l1120
At
31110121
Unrestricted funds
General fund
Community Foundation
Halifax Fouiidation
Falls Community Council
Radius Housing Association
NIHE
60,454
1,000
1,500
825
500
1.500
8,633
69,087
1,000
I,soo
825
500
1,500
65,779
8,633
74,412
TOTAL FUNDS
65,779
8,633
74,412
Coinparative net movement in funds, included in the above are as follows:
Incoining
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
14,984
(6,351)
8,633
Restricted funds
Belfast City Council
5,000
(5,000)
TOTAL FUNDS
19,984
(11,351)
8,633
15
continued...

Clonard Residents Association
Notes to the Financial Statements- continued
for the Year Ended 31 October 2022
10. CONTINGENT LIABILITIES
A contingent liability exists to repay grants received should certain conditions not be fulfilled by the
charity.
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 October 2022.
12. POST BALANCE SHEET EVENTS
There were no events after the reporting period therefore no material issues need disclosed.
13. MONIES RECEIVED RE 24 KASHMIR ROAD PROCEEDS
Duriiig the year ended 3 1st October 201 I, the Inonies being held by the Company solicitor, relating to
the proceeds from the sale of 24 Kashmir Road were paid over to the Charitable Company. This
totalled an amount of £22,563.
The Charitable Company believe that this money does not need to be r¢turned to the original funder
and will remain for the use of the Charitable Company at the discretion of tlie trustees in lin¢ with
their objectives.
14. WINDING UP
Every member of the Company undertakes to contribute to the assets of the Coinpany, in the event of
the same being wound up while it is a member, or within one year after it ceases to be a meinber, for
payment of the debts and liabilities of the Company contracted before it ceases to be a member, and of
the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributor's
among themselves, such amount as may be required not exceeding one pound.
15. SHARE CAPITAL
The Company is limited by guarantee and has no share capital
16. COVID 19
The trustees consider the outbreak of Covid-19 to be a non-adjusting event after the reporting date and
will moiiitor the situation closely and will contiiiue to take appropriate stcps to secure the viability of
the organisation as and when necessary.
16

Clonard Residents Association
Detailed Statement of Financi371 Activities
for the Year Ended 31 October 2022
31.10.22
31.10.21
INCOME AND ENDOWMENTS
Donations and legacies
Gifts
Rent & Overhead Contribution
2,900
11,884
9,737
9,737
14,784
Charitable activities
Grants
5,200
Total incoming resources
9,737
19,984
EXPENDITURE
Charitable activities
Rates aiid water
Insurance
Light and heat
Telephone
Repairs and Maintenance
Donations
Suinmer Scheine
576
860
2,912
1,173
507
500
200
544
660
2,140
1,668
5,439
6,728
10,451
Support costs
Governance costs
Accountancy Fee
Bank charges and interest
930
85
804
96
1,015
900
Total resources expended
7,743
11,351
Net income
1,994
8.633
This page does not form part of the statutory financial statements
17