REGISTERED COMPANY NUMBER: N1026138 (Northern Ireland)
REGISTERED CHARITY NUMBER: NIC 100077
Re
ort of the Trustees and
Financial Statements for the Year Ended 31 October 2023
for
Clonard Residents Association
Aco
Limited b Guarantee
an
Lynii Drake & Co Ltd
Chartered Accountants
I st 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 2023
Page
Referenee and Administrative Details
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Statement of Financial Position
Notes lo the Financial Statements
9 to 16
Detailed Statement of Financial Activities

Clonard Residents Association
Reference and Administrative Details
for the Year Ended 31 Oclober 2023
TRUSTEES
Albert Allen Director
Sean 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)
REGISTERED CHARITY
NUMBER
NIC 100077
INDEPENDENT EXAMINER Lynn Drake & Co Ltd
Chartered Accoiintants
1st Floor
34 B-D Main Street
Moira
Co. Armagh
BT67 OLE

Clonard Residents Association
ort of the Trustee5
for the Year Ended 31 Oclober 2023
The trustees wlio are also directors of the charity for the purposes of the Companies Act 2006. present their
report witli the fiiiancial stateinents of the charity for the year ended 31 October 2023. The trustees have
adopted the provisioiis of Accouiiting and Reporting by Chariti¢s'. Statement of Recommended Practice
applicable to Charities prepariiig tlieir accounts in accordance with tlie Financial Reporting Standard
applicable iii 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 aiins of benefiting the inhabitants of the Clonard Area of Belfast by
providii)g Advisory aiid Welfare facilities in the area. Cloi)ard 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 commiiiiity tlirough physical, social and economic improvein¢nts while developing and
inspiring civic values and encouraging voluntary and community activity.
En(Fagement and liaison with statutory agencies with the object of improving the conditions of life for the
inhabitants is also a key beii¢fit.
These beiietits are evidenced through feedback aiid participation from residents and recognitioii from
statutory bodies as a point of contact for issues to be addressed and higlilighted. The progress of the ongoing
physical developinent of tlie local area will also be a key indicator as niucli needed Iiousiiig, amenities and
otlier facilities for iise by the local commuiiity arc the consequence of this process. This purpose does not
give rise to aiiy harin.
The beneficiaries of this purpose are the people resident in the Clonard area which is an area of liigh social
deprivation.
There are no direct private bei)efits for aiiy trustees of tlie association except that as people living in that
locality tli¢y will benefit froin the iinproved pliysical, social and economic developiiients. Tliese beiiefits are
incidental and are Iiecessary for LIS to Ineet our purpose as a cominunity development organisation.
FINANCIAL REVIEW
The company had net incoming r¢sour¢¢s for the year of £5.007 (2022 net incoming resolirces of £1,944,
whicli reflected a surplus of iiicoine over expenditure. Unrestricted fuiids iiicreased by £5,007. The
unrestricted fuiid balance at 31 October 2023 was £81,413. The Resti-icted fuiid balance at 31 October 2023
was £Nil.
FUTURE PLANS
The compaiiy will continue to let the property out on a commercial basis
STRUCTURE, GOVERNAIYCE AND MANAGEMENT
Governing document
The cliarity is coiitrolled by its goveriiing 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 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governance of the Charity
During the period uiider review the directors met monthly.
TrLlStees/directors are appoiiited by Iioininations made in writing by any existing director. At the General
Meetiiig nominated directors are appointed by election.
Risk management
The principles of good governance are embedded within all aspects of Clonard Residents Association
Limited operatioiis with management and staff being keenly aware of the Boards responsibility of ensuring
that the organisation protects itself from financial exposure and reputational dainage, A close working
relationship is Inaintained between the Board and Inanageineiit to ensure that operational ly staff are aware of
tlie standards required of thein by the Board and the Board are always in a position to provide guidance and
support to management in the discharge of their duties. This two way relationship is tlie key feature of
Clondard Residents Association Limited goveriiance arraiigements and is a key strength in the company.
A conscientious approach to eiisuring tl)at coiitractual project requirements are achieved has beeli Inaii)taiiied
at all tiines botli in tlie accouiitiii¥ period being reported on aiid since Clondard Residents Association
Liinited establishinent. Very tight financial coiitrols on expenditure and all financial cominitinents are
maintained at all tiines aiid project staff have been trained aiid have becoine experienced in biidgetary
controls.ln both these areas ie Project delivery and finaiicial controls manageinent all staff have establ ished
close working relatioiiships with funding organisations to ensure all mandatory standards are consistently
achieved. Board represeiitatives also actively engage with funding bodies.
The Board, Inanagement and staff are fully aware that the nature of the work in whicli Clondard Residents
Associatioii Limited is iiivolved can bring with it a liigh level of scrutiny to eiisure that al l activities are fully
compliant with funding reqLiir¢inents aiid,therefore, beyond reproach.The Board of Clondard Residents
Association Limited is, therefore, greatly reassured of the company's compliance with the higliest of
standards of governance on the basis that all monitoring and evaluation of project delivery demonstrates
acliieveinent of al I funders objectives and that funders, audits and voiiching of financial expenditure and the
iiidependent accountants report confirm compliance with both probity and regularity iii the use of monies
received.
EVENTS SINCE THE END OF THE YEAR
Information relatiiig to events since the end of tlie year is given in tlie notes to the fiiiancial statements.
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trustees (who are also tlie directors of Clonard Residents Association for the purposes of coinpany law)
are responsible for preparing the Report of the Trustees and the financial stateiT]ents in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accouiiting Practice) including 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 2023
STATEMENT OF TRUSTEES, RESPONSIBILITIES - continued
Company law requires tlie 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 incoming resources and application
of resources, includiiig the incoine and expenditure, of the charitable company for that period. In preparing
those financial statements, the trustees are required to
select suitable accounting policies and then apply them consistently.
observe the Inethods and principles iii the Charity SORP.
Inake judgements and estiinates tliat are reasonable and prudent.
prepare tlie fiiiancial statements on the going concern basis unless it is inappropriate to presuine that the
charitable company will contiiiue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy
at any time tlie fiiiai)cial position of tlie charitable coinpany and to enable thein to ensure that the financial
statements coinply with the Coinpanies Act 2006. They are also responsible for safeguarding the assets of
the charitable coinpany and hence for taking reasonable steps for the prevention and detection of fraud and
otlier irregularities.
Tliis report has been prepared in accordance with tlie special provisions of Part 15 of the Coinpanies Act
2006 relatiiig to sinall Compaiiies.
Approved by order of the board of trustees on 5 April 2024 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 compaiiy for the year ended 31 October 2023, which are set out on pages six
to sixteeii.
Respective responsibilities of charity trustees and examiner
As the charity's trustees (aiid also tlie directors for the purposes of coinpaiiy law) you are responsible for the
preparation of the accounts in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for
independeiit exainiiiation, it is my responsibi lity to..
exainine tlie accounts under Section 65 of tlie 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 Cliarities Act
state whether particular matters have come to my attention.
Basis of the independent examiner's report
I have examined your charity accounts as required under Section 65 of the Charities Act and my examination
was carried out in accordaiice witli the gei)eral Directions given by the Charity Commission for Northern
Irelaiid uiider Section 65(9)(b) of the Charities Act. Tlie examination iiicluded a review of tlie accounting
records kept by the charity and a coinparison of the accounts presented with those records. It also included
consideration of ally uiiusiial iteins or disclosures in the accounts, and seeking explanations from you as
charity trustees concerning aiiy such matters.
My role is to state wliether any Inaterial Inatters have come to my attention giving me cause to believe:
That accoiintiiig records were not kept in accordance with Section 386 of the Companies Act 2006
That tli¢ accounts do Iiot accord with those accouiitiiig records
That tlie accounts do not coinply with tlie ac¢oui)ting requirements of Section 396 of the Companies
Act 2006 and with the metliods and principles of the Charities Statement of Recoinmended Practice
appl icable to charities preparing tlieir accounts in accordance with the Financial Reportiiig Staiidard
applicable in tlie UK and Republic of Ireland
That there is further inforination needed for a proper und¢rstanding of the accounts to be reached.
Independent examiner's statement
I have coinpleted Iny exainination and liave no conceriis in respect of tlie matters ( l ) to (4) listed above and.
iii connectioii with following the Directions of tlie Charity Comin ission for Nortliern Ireland, I have found no
matters that require drawiiig to yoiir atteiition.
Billy Dra
FCA
Lynn Drake & Co Ltd
Chartered Accountants
I st Floor
34 B-D Main Street
Moira
Co. AriT]agh
BT67 OLE
5 April 2024

Clonard Residents Association
Statement of Financial Aetivities
for the Year Ended 31 Oclober 2023
31.10.23
Total
funds
31.10.22
Total
funds
Unrestricted Restricted
funds
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
11,933
11,933
9,737
EXPENDITURE ON
Charitable activities
Direct Charitable Expeiiditure
Governance
5,971
955
5,971
955
6,728
1,015
Total
6.926
6,926
7,743
NET INCOME
5,007
5,007
1,994
RECONCILIATION OF FUNDS
Total fiinds broiight forwai'd
76,406
76,406
74.412
TOTAL FUNDS CARRIED FORWARD
81,413
81,413
76,406
The notes form part of these financial statements

Clonard Residents Associalion
Statement of Financial Position
31 October 2023
31.10.23
31.10.22
Notes
CURRENT ASSETS
Casli at bank
83,346
78,527
CREDITORS
Ainounts falling due witliin one year
(1,933)
(2,121)
NET CURRENT ASSETS
81,413
76,406
TOTAL ASSETS LESS CURRENT
LIABILITIES
81,413
76,406
NET ASSETS
81,413
76,406
FUNDS
Unrestricted funds
81.413
76,406
TOTAL FUNDS
81,413
76,406
The cliaritable company is entitled to exemption froin audit under Section 477 of the Companies Act 2006
for the year ended 31 October 2023.
The meinbers have iiot required the company to obtain an audit of its financial statements for tlie year elided
31 October 2023 in accordance witli Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a)
ensuring tliat tlie cliaritable coinpany keeps accounting records tliat comply with Sections 3 86 and 3 87
of the Companies Act 2006 and
(b) preparing financial statemeiits which give a true and fair view of tlie state of affairs of the charitable
coinpany as at the end of each financial year and of its surplus or deficit for each financial year in
accordance with the requireinents of Sections 394 and 395 and whicli otherwise coinply with tlie
requirements of tlie Conipanies Act 2006 relating to financial statements, so far as applicable to the
charitable coinpaiiy.
The notes form part of these financial statements
continued...

Clonard Residents Association
Statement of Financial Position - continued
31 October 2023
These financial stateinents have been prepared in accordance with the provisions applicable to charitable
coinpanies subject to tlie sinal I compaiiies regime.
The financial stateinents were approved by the Board of Trustees and authorised for issue on 5 April 2024
and were signed on its behalf by-
Albert Allen Trustee
IAdr
Sean Murray - Trustee
The notes form part of these financial statements

Clonard Residents Association
Notes to the Financial Slatements
for the Year Ended 31 October 2023
ACCOUNTING POLICIES
Basis of preparing the financial statements
(a) General information and basis of preparation
Clonard Resideiits Association Limited is constituted as a coinpany limited by guarantee incorporated
in Northern Ireland (N102613 8). In the event of the charity being would up, the liability iii respect of
tlie giiarantee is liinited to £ I per member of tlie ¢harity-
The charity constitutes a public benefit entity as defined by FRS 102. Tlie financial statements have
been prepared in accordance with Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accoLints in accordance with the
Finaiicial Reporting Staiidard applicable in the UK aiid Republ ic of Ireland (FRS 102), the Fiiiaiicial
Reportiiig Staiidard applicable in the United Kingdom and Republic of Ireland (FRS 102), the
Cliarities Act (Nortliei'n Irelaiid) 2013, the Coinpanies Act 2006 and UK Generally Accepted Practice
as it applies from l January 2015.
Tlie financial statements are prepared on a going concern basis uiider tlie liistorical cost conventioii,
modified to iiiclude certaiii iteiiis at fair value. The financial statements are presented in sterling
whicli is the functional curreiicy of the charity..
The significaiit accounting policies applied in the preparation of these financial stateinents are set out
below. These policies have been consistently applied to all years presented unless otherwise stated.
(b) Funds
Unrestricted funds are avai lable for use at the discretion of the trustees in furtherance of the general
objectives of the charity and whicli have not beeii designated for other purposes.
Designated fuiids comprise unrestricted fuiids tliat have been set aside by the trustees for particular
purposes. Tlie aim aiid use of eacli desigiiated fuiid is set out in the notes to the financial stateinents.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which liave been raised by the charity for particular purposes. Tlie 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.
Furtlier explanation of tlie nature and purpose of each fund is included in the notes to the financial
stat¢in¢nts.
(c) Income recognition
Al l incoill ing resources are included iii the Statement of Financial Activities (SOFA) when the cliarity
is legally entitled to the income after any performance conditions have been met, the amount can be
measured rel iably 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 2023
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 settlement
date in writiiig. If there are conditions attached to the donatioii and this requires a level of
performance before entitlemeiit can be obtained then income is deferred until tliose conditions are
fully met or tlie fulfilinent of those conditions is within the control of th¢ cliarity 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) wlien receivable. Income received
from collections is recognised when received.
Donated facil ities and doiiated professional services are recognised in income at their fair value wlien
their econoinic benefit is probable, it can be measured reliably and the cliarity has coiitrol over Ilie
itein. Fair value is deterinined on the basis of the value of the gift to tlie charity. For example the
amount the charity would be willing to pay in the opeii Inarket for such facilities and services. A
correspoiiding amount is recogiiised in expeiiditure.
No ainount is included in the fiiiancial stateinents for volunteer time in line with the SORP (FRS 102).
Further detail is given in the Trustees, Aniiual Report.
For legacies, entitlement is the earl ier of the charity being notified of an impcnd ing distribution or the
legacy beiiig received. At tli is point income is recognised. On occasioT] legacies wil I be notified to the
charity however it is not possible to measure the amount expected to be distributed. On these
occasions, tlie legacy is treated as a contingent asset and disclosed.
Iiicome from trad ing activities includes incoine earned from fundraising events and trading activities
to raise funds for the charity. Iiicoine is received in exchange for supplyiiig goods and services in
order to raise fuiids and is recogn ised wlien entitlement has occurred.
The cliarity receives government graiits which are detailed within the iiotes to these finaiicial
statements. IncoiT]e froin governinent and other grants are recognised at fair value when the charity
has entitlement after aiiy perforinance cond itions have beeii met, it is probable tliat the incoiTJe will be
received aiid the ainount can be measured reliably. If entitlement is not Inet then these amounts are
deferred.
(D) Expenditiure recognition
All expenditure is accounted for on ali accruals basis, inclusive of VAT whicli cannot be recovered
and has beeii classified under headings that aggregate all costs related to the cat¢gory. Expend iture is
recognised where there is a legal or constructive obligation to mak¢ payinents to third parties, it is
probable that the settlein¢nt will be required and the amount of the obligation can be measured
reliably. It is categoris¢d under the following headings:
Costs of raising funds includes the costs associated with attracting voluntary incomes.
Expend iture on charitable activities includes those costs incurred 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 nature necessary to support them. and
Other expenditure represents tliose 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 2023
ACCOUNTING POLICIES - continued
Basis of preparing the financial statements
Grants payable to third parties are within the charitable objectives. Where unconditional grants are
offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a
reasonable expectatioii tliat the recipient will receive tlie grants. Wliere grants are coiiditioiial relating
to perforinaiice then the grant is only accrued when any unfulfilled conditioiis are outside of tlie
control of the charity.
(e) Support costs allocation
SLlPPOrt costs are those tliat assist the work of the charity but do not directly represent cliaritable
activities and inc lude office costs, governance costs, adininistrative payrol I costs. They are incurred
directly in support of expeiiditiire on the objects of tlie cliarity and iiiclude project managenient
carried out at Headquarters. Where support costs cannot be directly attributed to particular lieadings
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 tlie use of resources.
Fiind-raising costs are those incurred in seeking voliintary contributions and do not include the costs
of dissem iiiating informatioii in siipport of tl)e charitable activities.
(D Debtors and creditors receivable I payable within one year
Debtors aiid creditors with no stated interest rate and receivable or payable within one year are
recorded at transaction price. Any losses arisiiig from iinpairiT)¢lit are recognised in expenditure.
(g) Impairment
Assets not measured at fair value are reviewed for aiiy iiidication that tlie asset Inay be iinpaired at
eacli balance sheet date. If such indication exists. the recoverable ainount of tlie asset, or tlie asset's
ash generating uiiit, is estiinated and compared to tlie carrying amoiiiit. Where tlie carrying amount
exceeds its recoverable amount, an iiiipairinent loss is recognised iii profit or loss uiiless the asset is
carried at a revalued amount where the impairmeiit loss is a revaluation decrease.
(h) Provisions
Provisions are recognised wheii the charity has an obl igation at tlie balance sheet date as a result of a
past event, it is probable that an outflow of economic beiiefits will be required in settleinent and tlie
amount can be reliably estimated.
(i) Leases
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease terin
and the expected useful life of the asset. Minimuin 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 - contlnued
for the Year Ended 31 October 2023
ACCOUNTING POLICIES - continued
Basis of preparing the fin#ncial statements
li) 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 exemptions on incoine and
profits from investnients and surpluses on any trading activities carried on in furtherance of tlie
cliarity's primaiy objectives, if these profits and surpluses are applied solely for charitable piirposes.
(k) Going concern
The financial statements have been prepared on a going concerii basis as the trustees believe tliat no
material uncertainties exist. Tlie trustees have considered the level of fuiids held and the expected
level of income aiid expenditure for 12 months from authorising these financial statements. The
budgeted incoine and expenditure is sufficient with the level of reserves for the cliarity to be able to
continue as a going concern.
(l) Judgements estimates
The followiiig j udgements includiiig those involving estiinates that have beeii made in the process of
applying the above accouiiting policies tliat have had the most significant effect on the amounts
recognised in the financial stateiTJents and that have a significant risk of causing a material adjustment
to the 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 cond itioiis.
Taxation
The coinpany is a registered charity and so such is entitled to certaiii tax exemptions on income and
profits froin investments and surpluses on any trading activities carried on in furtherance of the
charity's priiTLary objectives, if these profits and surpluses are applied solely for charitable purposes.
Fund accounting
The company has various types of funds for wliich it is responsible and which require separate
disclosure. A definitioii of the various types of fuiids 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 coinpany.
(i) Unrestricted funds
Funds which are expendable at the discretion of the directors which liave been designated for specific
purposes in furtlierance of the objects of the charity.
12
continued...

Clonard Residents Association
Notes to the Financial Slatements - continued
for the Year Ended 31 October 2023
DONATIONS AND LEGACIES
31.10.23
31.10.22
Rent & Overliead Coiitribution
11,933
9,737
NET INCOMEI(EXPENDITURE)
Net incoine/(expenditure) is stated after ¢hargingl(crediting)'.
31.10.23
31.10.22
Accountancy Fee
876
930
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for tlie year ended 31 October 2023 nor for the
year ended 31 October 2022.
Trustees, expenses
There were no trustees, expeiises paid for the year ended 31 October 2023 nor for the year ended
31 October 2022.
TANGIBLE FIXED ASSETS
(a) The Company's old premises at 24 Kaslimir Road, Belfast were vested by the Nl Housing
Executive. The Inoney received froin the Nl Housiiig Executive was being held by the coinpany
solicitor. This money has iiow been transferred over to Clonard Residents Association, during the year
ended 31 October 2011.
(b) The coinpaiiy has a 999 year lease on first floor preinises on tlie Springfield Road. BRO funded
the developnient of these new prciiiiscs through Clonard Residents Association who paid the
Proprietors of tlie Property, Rooney Brothers. Clonard Residents Association do iiot own this
property.
13
continued...

Clonard Residents Association
Notes to the Financial Statements - continued
ror the Year Ended 31 October 2023
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23
31.10.22
Accruals and deferred incoine
1,933
2,121
ANALYSIS OF NET ASSETS BETWEEIN FUNDS
31.10.23
Total
funds
31.10.22
Total
funds
Unrestricted
funds
Restricted
funds
Current assets
Current l iabi lities
83,346
(1,933)
83,346
(1,933)
78,527
(2,121)
81.413
81,413
76,406
MOVEMENT IN FUNDS
Net
movement
in funds
At
1111122
At
31110123
Unrestricted funds
General fund
Coininuii ity Foundation
Hal ifax Foliiidatioii
Falls Cominuiiity Couiicil
Radius Housing Association
NIHE
71,081
1,000
1,500
825
500
1.500
5,007
76,088
1,000
1,500
825
500
1,500
76,406
5,007
81,413
TOTAL FUNDS
76,406
5,007
81,413
Net movement in funds, included in the above are as follows:
Encoming
resources
Resources
expeiided
Movement
in funds
Unrestricted funds
General fund
11,933
(6,926)
5,007
TOTAL FUIYDS
11,933
(6,926)
5,007
continued...

Clonard Residents Association
Notes lo the Financial Statements - continued
for the Year Ended 31 October 2023
MOVEMENT IN FUINDS- continued
Comparatives for movement in funds
Net
movement
in funds
At
1111121
At
31110122
Unrestricted funds
General fund
Community Foundation
Halifax Foundation
Falls Cominunity Coiincil
Radius Housing Association
NIHE
69,087
1,000
1,500
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
Coinparative net movement in funds, included in tlie above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fuiid
9,737
(7,743)
1,994
TOTAL FUNDS
9,737
(7,743)
1,994
CONTINGENT LIABILITIES
A contingent l iabi lity exists to repay graiits received shou Id certain conditions not be fulfil led by the
charity.
15
continued...

Clonard Residents Assoeiation
Notes to the Financial Statements - continued
for the Year Ended 31 October 2023
10. RELATED PARTY DISCLOSURES
There were no related party transactions for tlie year ended 31 October 2023.
11. POST BALAIYCE SHEET EVENTS
There were no events after the reporting period therefore no material issues need disclosed.
12. MONIES RECEIVED RE 24 KASHMIR ROAD PROCEEDS
During the year elided 31 st October 201 I, the moiiies being held by the Company sol icitor, relating to
the proceeds froin tlie 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 returned to tlie original funder
and will rernain for the use of the Cliaritable Company at the discretion of the trustees in line with
their objectives.
13. WINDING UP
Every meinber of the Coinpany undertakes to contribute to the assets of tlie Coimpaiiy, in the event of
the same being wound up while it is a member, or within one year after it ceases to be a meniber, for
payinent of the debts and liabilities of the Company contracted before it ceases to be a member, and of
the costs, charges and expeiises of winding up, and for the adjiistment of the rights of the contributor's
amoiig themselves, such ainount as may be required not exceeding one pound.
14. SHARE CAPITAL
The Company is liin ited by guaraiitee and lias no share capital
16

Clonard Residents Association
Detailed Statement of Financial Activities
for the Year Ended 31 October 2023
31.10.23
31.10.22
INCOME AND ENDOWMENTS
Donations and legacies
Rent & Overhead Contribution
11,933
9,737
Total incoming resources
11,933
9,737
EXPENDITURE
Charitable activities
Rates aiid water
Insurance
Light and heat
Telephone
Printing and Stationery
Repairs and Maintenance
Donatioiis
SuiniT]er Scheine
Christinas expenses
Trade subscriptioiis
Aisling Awards donation
703
989
2,341
680
190
105
576
860
2,912
1,173
507
500
200
450
13
500
5,971
6,728
Support costs
Governance cost5
Accouiitaiicy Fee
Baiik charges and interest
876
79
930
85
955
1,015
Total resources expended
6,926
7,743
Net income
5,007
1,994
This pag¢ does not form part of the statutory financial stateinents
17