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 2024
for
Clonard Residents Association
Acom
an
Limited b Guarantee
Lynn 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 2024
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 Association
Reference and Administrative Details
for the Year Ended 31 October 2024
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)
RECISTERED CHARITY
NUMBER
NIC 100077
INDEPENDEIYT EXAMINER Lynn Drake & Co Ltd
Chartered Accountants
I st Floor
34 B-D Main Street
Moira
Co. Arniagh
BT67 OLE

Clonard Residents Association
ort of the Trustees
for the Year Ended 31 October 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their
report with the financial statements of the charity for the year ended 31 October 2024. The trustees have
adopted the provisions of Accounting 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 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 Associations & Societies category.
Public benefit
Tlie direct benefits which flow from the purpose of Clonard Residcnts Association includes the regeneration
of the Clonard community through physical, social and economic improvements while developing and
inspiring civic values and encouraging voluntary and community activity.
Engagement 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. The progress of the ongoing
pl)ysical development of the local area will also be a key indicator as much needcd housing, amenities and
other facilities for use by the local community are the consequence of this process. This purpose does not
glve rise to any harm.
The beneficiaries of this Purpose are the people resident in the Clonard area which is an ar¢a of high social
deprivation.
Tliere are no direct private benefits for any trust¢es of the association except that as people living in that
locality they will benefit from the improved physical, social and economic dcvclopmeiits. These benefits are
incidental and are necessary for us to meet our purpose as a community development organisation.
FINANCIAL REVIEW
The company had net incoming resources for the year of £568 (2023 net incoming resources of £5,007,
which reflected a surplus of income over expcnditure. Unrestricted funds increased by £568.The unrestricted
fund balance at 31 October 2024 was £81,981. The Restricted fund balance at 31 October 2024 was £Nil.
FUTURE PLANS
The company will continue to let the property out on a commercial basis
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company,
limited by guarantec, as defined by the Cornpanies Act 2006.
Governance of the Charity
During the period under review the directors met monthly.
Trusteesldirectors are appointed by nominations madc in writing by any existing director. At the General
Meeting nominated directors are appointed by election.

Clonard Residents Association
ort of the Trustees
for the Year Ended 31 October 2024
STRUCTURE, GOVERNANCE AND MANAGEMEKr
Risk management
The principles of good governance are embedded within all aspects of Clonard Residents Association
Limited operations with managcment and staff being keenly aware of the Boards Tesponsibility of ensuring
that the organisation protects itself from financial exposure and reputational damage, A close working
relationship is maintained between the Board and management to ensure that opcrationally 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 in 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 coiiscientious approach to ensuring that contractual project requirements are achieved has been maintained
at all tiines botli iii the accounting period being reported on and sincc Clondard Rcsidents Association
Limited establishrnent. Very tight financial controls on expenditure and all financial commitments are
maintained at all times and project staff have been trained and have become experienced in budgetary
controls.ln both these areas ie Project delivery and financial controls management all staff have established
close working relationships with funding organisations to ensure all mandatory standards are consistently
achieved. Board repTesentatives also actively engage with funding bodies.
The Board, management and staff are fully aware that the nature of the work in 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 reproa¢h.The Board of Clondard Residents
Association Limited is, therefore, gr¢atly reassured of the company's compliance with the highest of
standards of governance on the basis that all monitoring and evaluation of project delivery demonstrates
acliievement of all funders objectives and that funders, audits and vouching of financial expenditure and the
independent accountants report confirni compliance with both probity and regularity in the use of monies
received.
EVENTS SINCE THE END OF THE YEAR
Information rclating to events since the end of the year is given in the notes to the financial statements.
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trustccs (who are also the directors of Clonard Residents Association for the purposes of company law)
are responsible for preparing the Rcport of the Trustees and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice) including Financial Reporting Standard 102 The Financial Reporting Standard
applicable in the UK and Republic of Ireland
Company law requires the trustecs 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, including the incomc 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 methods and Principles in the Charity SORP;
make judgements and estimatcs that are reasonable and prudent.
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitable company will continuc in business.

Clonard Residents Association
Re ort of the Trustees
for the Year Ended 31 October 2024
STATEMENT OF TRUSTEES, RESPONSIBILITIES - continued
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy
at any time the financial position of the charitable company and to enable them to ensure that the financial
statements comply with the Companies Act 2006. They arc also responsible for safeguarding the assets of
the charitable cotnpany 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 b}, order of the board of trustees on l O April 2025 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 2024, which are set out on pages six
to sixteen.
Respective responsibilities of eharity trustees and examiner
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 that 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 Charitles Act
follow the procedure5 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 examined your charity accounts as required under Section 65 of the Charities Act and my examii)ation
was carried out in accordance with the general Directions given by the Charity Commission for Northern
Ireland under Section 65(9)(b) of the Charitics Act. The examination included a review of the accounting
records kept by the charity and a comparison of the accounts prescnted with those records. It also included
consideration of any 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 attention 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 those accounting records
That the accounts do not comply with the accounting requirements of Section 396 of the Companies
Act 2006 and with the methods and principles of the 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 Ireland
That there is further infonnation needed for a proper understanding of the accounts to be reached.
Independent examiner's statement
I havc completed my examTnation and have no concerns in respect of the matteTS (l ) to (4) listed above and,
in connection with following the Dircctions of the Charity Commission for Northern Ireland, I have found no
matters that require drawing to your attention.
Billy Drake FCA
Lynn Drake & Co Ltd
Chartered Accountants
1st Floor
34 B-D Main Street
Moira
Co. Arniagh
BT67 OLE
10 April 2025

Clonard Residents Assoeiation
Statement of Financial Activities
for the Year Ended 31 October 2024
31.10.24
Total
funds
31.10.23
Total
funds
Unrestricted Restricted
funds
funds
Notcs
INCOME AND ENDOWMENTS FROM
Donations and legacics
9,144
9,144
11,933
EXPENDITURE ON
Charitable activities
Direct Charitable Expenditure
Governance
7,537
1,039
7,537
1,039
5,971
955
Total
8,576
8,576
6,926
NET INCOME
568
568
5,007
RECONCILIATION OF FUNDS
Total funds brought fonvard
81,413
81,413
76,406
TOTAL FUNDS CARRIED FORWARD
81,981
81,981
81,413
Thc notes form part of these financial statements

Clonard Residents Association
Statement of Financial Positio
31 October 2024
31.10.24
31.10.23
Notes
CURRENT ASSETS
Cash at bank
83,974
83,346
CREDITORS
Ainounts falling due within one year
(1,993)
(1,933)
IYET CURRENT ASSETS
81,981
81,413
TOTAL ASSETS LESS CURRENT
LIABILITIES
81,981
81,413
NET ASSETS
81,981
81,413
FUNDS
Unrestricted funds
81,981
81,413
TOTAL FUNDS
81,981
81,413
The charitable company is cntitled to exemption from audit under Section 477 of the Companies Act 2006
for the year ended 31 October 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended
31 October 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a)
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387
of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable
company as at the end of each fiiiancial ycar and of its surplus or deficit for each financial year in
accordance with tlie requirements of Sections 394 and 395 and which otherwise comply with the
requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the
charitable company.
Thc notes form part of these financial statements
contiiiued...

Clonard Residents Association
Statement of Financial Position - continued
31 October 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable
companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on l O April 2025
and were signed on its behalf by..
Albert Allen - Trustee
IJ
Sean Murray- Trus
The notes forni part of these financial statements

Clonard Residents Association
Notes to the Financial Statements
for tbe Year Ended 31 October 2024
ACCOUNTING POLICIES
Basis of preparing the financial statements
(a) General inforniation and basis of preparation
Clonard Residents Association Limited is constituted as a company limited by guarantee incorporated
in Northern Ireland (N1026138). In the event of the charity being would up, the liability in respect of
the guarantee is limited to £1 per member of the charity.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have
been prepared in accordance with Accounting and Reporting by Charities: Statement of
Recommcnded Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Financial
Reporting Standard applicable in the United Kingdom and Republic of Ircland (FRS 102), the
Charities Act (Northern 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 concern basis under the historical cost convention,
modified to include certain items at fair value. The financial statements are presented in sterling
which is the functional currency of the charity..
The significant accounting policies applied in the preparation of these financial statements are set out
bclow. These policies have been consistently applied to all years prcsented unless othen¥isc 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 dcsignated for other purposcs.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular
purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have 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 restrictcd
fund is set out in the notes to the financial statements.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
(c) 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 perforniancc conditions have been met, 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 2024
ACCOUNTING POLICKES - 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 writing. If there are condltions attached to the donation and this requires a level of
performance before entitlement can bc obtained then income is deferred until those conditions are
fully met or the fulfilment of those conditions is within the control of the 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 whcn received.
Donated facilities 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
item. Fair value is determined on the basis of the value of the gift to the charity. For cxample the
ainount the charity ivould be willing to pay in the open market for such facilities and services. A
corresponding amount is recognised in expenditure.
No amount is included in the 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 distribution or the
legacy being received. At this point income is recogniscd. On occasion legacies will be notified to the
charity however it is not possible to measure th¢ amount expected to bc distributed. On these
occasions, the legacy is treated as a contingent asset and disclosed.
Income from trading activiti¢s includes income earned from fundraising events and trading activities
to raise funds for the charity. Income is reccivcd in exchange for supplying goods and services in
order to raise funds and is recognised when entitlement has occurred.
The charity receives government grants which are detailed within the notes to these fInancial
statements. Income from government and other grants are recognised at fair value when the charity
has entitlemcnt after any perforniance conditions have been met, it is probable that the incomc will be
received and the amount can be measured reliably. If entitlement is not met then these amounts are
deferred.
(D) Expenditiure recognition
All expcnditure is accountcd for on an accruals basis, inclusivc of VAT which cannot be recovered
and has been classified under headings that aggregate all costs related to the category. Expenditure is
rccognised where there is a legal or constructive obligation to make payments to third parties. it is
probable that the settlement will bc required and the amount of the obligation can be measured
reliably. It is Categorised under the following headings:
Costs of raising funds includes the costs associated with attracting voluntary incom¢s'
Expenditure on charitable activities includes those costs incurred by the charity in the delivery of its
activities and scrvices 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 those items not falling into the categories above.
Irrecoverable VA T is Charged as an expense against the activity for which expenditure arosc.
10
continued...

Clonard Residents Association
Notes to the Flnaneial Statements - continued
for the Year Ended 31 October 2024
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 accrucd as soon as the recipient is notified of the grant, as this gives rise to
reasonable expectation that the recipient will receive the grants. Where grants are conditional relating
to performance then the grant is only accrued when any unfulfilled conditions are outside of the
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 otyice costs, governance costs, administrative payroll costs. They are incurred
directly in support of expenditure on the objects of the charity and include project management
carried 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 inforniation in support of the charitable activities.
(Q Debtors and creditors receivable / 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 impairn]ent are recognised in expendTture.
(g) Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at
cach balancc sheet date. If such indication exists, the recoverable amount of the asset, or the asset's
cash generating unit, is estimated and compared to the carrying amount. Where the Carrying amount
exceeds its recoverable amount, an impairnient loss is recognised in profit or loss unless the asset is
carried at a revalued amount where the impainnent loss is a revaluation decrease.
(h) Provisions
Provisions are recognised when the charity has an obligation at the balance shect date as a result of a
past ¢vent, it is probable that an oufflow of economic benefIts will be required in settlement and the
amount can be reliably estimated.
(i) Leases
Asscts acquired under finance leases arc capitalised and dcpreciated over the shorter of the lease tern]
aT]d the expected useful life of the assct. 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. arc included in creditors.
Rentals payable and receivable under operating leases are charged to the SOFA on a straight line basis
over the period of th¢ lease.
continued...

Clonard Residents Association
Notes to the Financial Ststements- continued
for the Year Ended 31 October 2024
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 exemptions 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 charitabl¢ purposes.
(k) Going concern
The financial statements have been prepared on a going concern basis as the trustees bclievc 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
budgetcd income and expenditure is sufficient with the level of reserves for the charity to bc able to
continue as a going concern.
(l) Judgements estimates
The following judgements including those involving estimates that have been made in the process of
applying th¢ above accounting policies that have had thc most significant effect on th¢ amounts
recognised in the financial statements and that have a significant risk of causing a material adjustmcnt
to the carrying amounts of assets and liabilities within the next financial year..
The estimates and assumptions are revieived on an ongoing basis considering the current and future
market conditions.
Taxation
The company is a registered charity and so such is entitled to certain tax exemptions on income and
Profits from inv¢stm¢nts and surpluscs on any trading activities carried on in furtherance of the
charity's prirnary objectives, if these profits and surpluses are applied solely for charitable purposes.
Fund accounting
The company has various types of funds for which it is responsible and which require separate
disclosure. A definition of the various types of funds is as follows:
(i) Restricted funds
Funds rcceived 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 expendable at the discretion of the directors which have been designated for specific
purposes in furtherance of thc objects of the charity.
12
continued...

Clonard Residents Association
Notes to the Financial Statements- continued
for the Year Ended 31 October 2024
DONATIONS AIYD LEGACIES
31.10.24
31.10.23
Rent & Overhead Contribution
9,144
11,933
NET INCOMEI(EXPEIYDrruRE)
Net incomel(expenditure) is stated after Chargin￿(CredIting).
31.10.24
31.10.23
Accountancy Fee
960
876
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, rcmuneration or other benefits for the year endcd 31 October 2024 nor for the
year ended 31 October 2023.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31 October 2024 nor for the year endcd
31 October 2023.
TANGIBLE FIXED ASSETS
(a) The Company's old premises at 24 Kashmir Road, Belfast were vested by the NI Housing
Executive. The money received from the Nl Housing Exccutive was being held by the 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.
13
continued...

Clonard Residents Association
Notes to the Financial Statements - continued
for the Year Ended 31 October 2024
CREDITORS.. AMOUNTS FALLING DUE WITHtN ONE YEAR
li
31.10.24
31.10.23
Accruals and defe￿ed income
1,993
1,933
ANALYSIS OF NET ASSETS BETWEEN FUNDS
31.10.24
Total
funds
31.10.23
Total
funds
Unrestricted Restricted
funds
funds
Current assets
Current liabilities
83,974
(1,993)
83,974
(1,993)
83,346
(1,933)
81,981
81,981
81,413
MOVEI¥IENT IN FUI¥DS
Net
movcment
in funds
At
1111123
At
31110124
Unrestricted funds
General fund
Community Foundation
Halifax Foundation
Falls Community Council
Radius Housing Association
NIHE
76,088
1,000
1,500
825
500
1,500
568
76,656
1,000
1,500
825
500
1,500
81,413
568
81,981
TOTAL FUNDS
81,413
568
81,981
Net movement in funds, includcd in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
9,144
(8,576)
568
TOTAL FUNDS
9,144
(8,576)
568
14
continued...

Clonard Residents Association
Notes to the Financial Statements - Continued
for the Year Ended 31 October 2024
MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Net
movement
in funds
At
1111122
At
31110123
Unrestricted funds
General fund
Community Foundation
Halifax Foundation
Falls Community Council
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
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
11,933
(6,926)
5,007
TOTAL FUNDS
11,933
(6,926)
5,007
CONTINGENT LIABILITIES
A contingent liability exists to repay grants received should certain Conditions not be fulfilled by the
charity.
15
continued...

Clonard Residents Association
Notes to the Financial Statements- continued
for the Year Ended 31 October 2024
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 October 2024.
11. POST BALANCE SHEET EVENTS
There were no events after the Teporting period therefore no material issues need disclosed.
12. MONIES RECEIVED RE 24 KASHMIR ROAD PROCEEDS
During the year ended 3 1st October 2011, the monies 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 ali amount of £22,563.
Tlie Charitable Company believe that this money does not need to be returned to the original funder
and will remain for the usc of the Charitable Company at the discretion of the trustees in line with
their objectives.
13. WINDING UP
Every member of the Company undertakes to contribute to the assets of the Company, in the event of
the samc being wound up while it is a member, or within one year after it ceases to be a member, 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 contributorfs
among themselves, such amount as may be required not exceeding one pound.
14. SHARE CAPITAL
The Company is limited by guarantee and has no share capital
16

Clonard Residents Association
Detailed Statement of Financial Activities
for the Year Ended 31 October 2024
31.10.24
31.10.23
INCOME AND ENDOWMENTS
Donations and legacies
Rent & Overhead Contribution
9,144
11,933
Total incoming resources
9,144
I 1,933
EXPEIYDITURE
Charitable activities
Rates and water
Insurance
Light aiid heat
Telephone
Printing and Ststionery
Repairs and Maintenance
Christmas expenses
Trade subscriptions
Aisling Awards donation
Clonard Boxing Club donation
740
933
3,820
713
703
989
2,341
680
190
105
450
13
500
318
13
500
500
7,537
5,971
Support costs
Governance costs
Accountancy Fee
Bank chargcs and interest
960
79
876
79
1,039
955
Total resources expended
8,576
6,926
Net income
568
5,007
This page does not form part of the statutory financial statemcnts
17