REGISTERED CO.)IPA)I' .NLII¥I]SLK: .N1026178 (Iyorthern Irelalld) REGISTERED CHAIUTh' NLL¥IBER: NIC 100077 Re ort of the TrS(eeS and FiDallcial StatcmeDts for the l'ear EDdcd 31 Octobcr 20?5 fo Clnnxrd Residents .48%neiatinn .4Co ani. Liniitcd bi" Guarantee L}mn Drakc & Co Lid ChartL Td Accountanrs 1st Floor 34 B-D Main Street Co. Arniagh BT67 OLE
Clonard Resident5 AsSOCj7Itio Contents of the Financial Statements for the I'-ear Ended 31 October 2025 Page Reference Administrative DelAi1s Report oftht Trustees 2 to 4 Independent Examiller's Report Statement of Financial ActiTritie5 Statetnent of Finan¢i41 Posltifj Notes to the Flnanelal Sialemenis 9 10 16
Clonard Resident5 AsSOCj7Itio Reference and ildministratis'e Details for the I'-¢gr Ended 31 October 2025 TRUSTEES Albcn AIILn Dirccior Scan Nlurrai. Dir¢cior Daniel Jack Director (resigned 27.11 ?5) legan Nqeighan lappoint&l ?7.11 .?5} COMPANY SECRETARY Mcgan mcigin RECISTERED OFFICE 148_ 151 FI[l Floor Spriiigfield Road BLlfas1 Co. Down BT12 7AE REGISTERED COTrIP.4NY NLMI BER N1026138 (Northern IteldtMII REC.ISTERED CHARITY NL.MBER NIC I(KM)77 INDEPEiYDENT EXAMINER Lynn Drake & Co Ltd Chanered Accountants I si Floor 34 B-D Nlain Slr¢¢l Moira Co. Armagh BT67 OLE Page I
Clonard Resident5 AsSOCj7ltion (Ke stered number: .NIO?6138) ort of the Trustees for the I'-¢gr Ended 31 October 2025 Thi iruslccs who arc also dircclors ol- Ihc chariiy for Ihc purposcs of thc Companics Aci 2006, prLscni ihcir rcpon with ihc financial staiements of ihe charit5, for Ihe S'ear ended 31 Oc(ober ?O?S The irnsiees haN'e adopied ihe provisions of Accounting and R¢porting by CharitlC5: Statcmcnt of R¢comn¢nd¢d Piactic¢ applicabl¢ to charitjcs PT¢paring their accoui)t% in accordance with the Financial Reporting Siandard dpplicable in ihe UK and Republic of Ireland IFRS 102) (effectiie l January 2019). OBJECTI.ES.4D ACTIVITIES Principle Activities The a%sociation ha% been set up wilh the aims of benefiting the inhabitanLs of ilie Clonard .4rea of Belfast by providing Advisory and Welfa. re facilities in ihe area. Clonard Residents Associaiion is listed under the Belfast IIousing Associaiions & So¢iili¢s ¢ai¢gory. Public benefit The direct benefits which flow from the pu)TK)se of Clonard ResiiknLS Association includes the regeneration of the Clonard comniwiiiy through phybiLal. social and economic improvements while developing dnd inspiring Livic values and cncouraging voluntary and community athiviiy. Engagcment and liaison with stalory agencies with the objecr of improvirg the conditions of life foT the inhabitants is also a kev benefit. These benefiis are evidenced through feedback and participalion troni residents and recognition from slatutory bodies as a point ofconiacl for is5UCS to b- addrcsscd and highlighicd. The progrcss of ihc ongoing phvsical dctrcloptncnt ol. thc local area will also be a ke). indicaior as much needed housin amenities and oiher faciliries for use bv the local community are the Conseqiienee of this process. This piwpose d$ not give rise to any hann. The beneficiaries of this purpose are the people Tesideiit in ihe Clonard area which is an area of high s(Kial deprivation. There are no d1ct priva benefiis for any trustees of the association excepi thai as people livino in that locality ihey will b¢ncfit from Ihc improved physic31, Social and ¢conomic d¢i"¢lopm¢nts_ Th¢8¢ b¢n¢fJts ar¢ incid¢ntal and are ncc¢s5ary for u8 to meet our PUTpose a ¢offlmunity developyJJeni organisaiion. FILYANCIAL REVIEW Th¥ coii)pai)y liad n¢t outgoiiig rcsouro¥s for IhL y¥ar of £4,69? 1?0?4 ii¥t incomiiig i¢01L¢S of £568. uliritl'lCr¥d fuiiLts dccr¢as¢d by £4.692. Th¢ unr¢sirict¢d fund balancc at ! l OCtor ?025 aS 177.289. Th¢ Restrictd fund balanc¢ at 31 October 2Q25 waq £Nil. FIITIIRF. PI.ANS Thc companj. will continuc to Icl thc prortY out OD a cotnmcrcial basis STRucfuRE, GOVERNANCE AND lANAGEIENT Governing documenl The ehttrity 15 controlled by its goN'eming dotuwnent, a detd of trusL and ¢onstitutes a limited ¢ompany, limited by guaranlcc, as dcfincd bv thL Companics Aci 2006. Goi'ernance of the Charit), During the perii)d undtr review the directors met monthly. TrustCCS('dircclors arL app)inlcd b), notninalions madc in writing by any cxisling dircclor. At ihc Gcncral Mc¥ting nominatcd diTCCtors arc appointcd b), clcciion. Page 2
Clonard Resident5 AsSOCj7ltion (Ke
stered number: .NIO?6138)
ort of the Trustees
for the I'-¢gr Ended 31 October 2025
STRuuRE, COVERNANCE M.4NAGEMEPIT
Risk mana£cment
Tli¢ prin¢ipl¢s of gooj governance arc emb¢dd¢d within all aspwts of Clonard R¢sid¢nts Association Limitcd operations
with management and ¥taff being keenl}' aware of the Boar(L% re%pon%ibilitv of ensuring tl)at the organi%ation protect% It%elf
froni financial exposure and repuialional damage. A close wor.
Clonard Resident5 AsSOCj7ltion (Ke stered number: .NIO?6138) ort of the Trustees for the I'-¢gr Ended 31 October 2025 STATEMENT OF TRLISTEES, REspofiSIBILITIES- continued The trust¢¢5 ar¢ rcsponsibl¢ foT k¢¢ping proper accounting trcords which disclo with rcasonablc accuracy at any tim¢ th¢ finaniial po%ition of the chIlable compan}. and to enthle il)eni lo en%uTe That the financial 4t3teinent4 comply with the Coinpanies Act 2006. They are also responsible for safeguarding the assels of the charitable company and hence for lakLng rcasonablL slcps lor thc prcwcniion and dcleciion ol-fraud and oihcr irrigularilics. This report has b¢¢n pr¢par¢d in ac¢ordanc¢ with thc sp¢cial provisions of Part 15 of the Companic5 Act 2(X16 rclating to small companies. Approvcd by ordcr of thc board of iruslcis on I l March 2026 and sign¢d on lis b¢half by= Albcrt All¢n - Trustcc Page 4
ljide endent Lxaniiner's Ke Clonard Residents Association report on t e accounis o e company for the year ended 31 October 2025 which are set out on pages six to sixteen. rt to the Trustees or Respective responsibilities of ch*ritv Iru5tee5 #nd examiner A5 the charilv's truslees (and also the direciors for ihe purposes of company law) you are responsible for the preparation of thc accounts in accordancc wilh thc rcquircmLnls ofihc Companics Aci 2)6. Having sati8fi¢d myself that th¢ charity is not subject to audit undcr cotnpany law and i8 ¢ligibl¢ foT ind¢p¢ndent examination, it 1% niy Te%pon%ibility to.. examine the aLcounts under Section 65 ot the Charities Act rollow thc prCdUrcS laid dOn in thc (Tcncral Dircciions gi¥cn by ihe Charily Commission for NorihLrn Ircland und¢r Scclion 0519)(b) of thc Charilics Acl ststc whether particular matt¢r8 hav¢ come to my attention. Basi5 of the independent examiller's report I havi ¢.xaminLd y()ur charity accounis as rLquired under Scciii)n 65 of th¢ Chariiiis Aci and my cxaminalion was carriod out in accordancL ii'iih thc gcncral Dircction5 glyc by ihi Charity Commission for Northcrn Ircland undcr Scclion 6519)(b} of the Charities Act. The examination includcd a rci-i¢w- of rhe acOnI]ng records kept by th¢ charity and a comparison of the accounts prented '1th those records. li also included coiisiderdrion of any unu8ual iteins or disclosureq in the aCLnts, and seekn'ng explanations from you as charity trubiees cOeming any such matters. My rolc is lo SlC whcthcr any malcrial mattcrs hav¢ comc lo attcnlion giving mc causc to bcliLVC.' That accounting records were not kept in accordance with Section 386 of the Companies Act 2006 Thdt the aLcounts do noi accord with those dLLour.ting reLords That the accvunls do not comply with i] accouniingT requirenients of Section 396 of the CoTnpanies Act 2(6 and with Ihc mcihods and prinLiplvS of thc Charilics Sthtrmcnl of RccommLndcd Practicc applicablu lo charitics preparing their accounis in accordance M'ith the Financial Reporting Standard applicable in the UK and Republic of Ireland That iherc i% further inforniation needed for d proper understsnding of the accounts to be rvdched. Independent examiner's statement hai.'e compleied my examination and have no concerns in respect of rhe matters (I l 10 (41 listed above and. in connection Wlth following th¢ DiT¢Ctions of th¢ Charity Cotnmis5ion for NoTth¢rn Ir¢land. I hai'¢ found no Tnait¢rs that require drawing to your attention. Bill? Drake FCA Lynn Drake & Co Ltd Chartered A¢¢ountants Isl Floor 34 WD Main st¢t MoiTa Co. ,1m)a] BT67 OLE I l Marcli 2026 Page 5
Clonard Resident5 AsSOCj7Itio Statement of Financial .4ctiiities for the I'-¢gr Ended 31 October 2025 31.10.25 Totsl funds 31.10.24 Tolal funds UDfvsiricicd funds Rcsiricd funds Not¢5 INCOME AND ENDOIVMENTS FROM Donatioiis and legaLie EXPEYDITURE ON Charitable 4ctii'itif5 Direct Charitable Expenditure Ii)vernJnce Total 8.481 1.090 9.571 8,481 1,090 9.571 7,537 8.576 NET INCOL%IEI{EXPEE*DITURE) (4,692) (4.6921 568 RF.CONCtLI.4TTOY OF FLYDS Total fund% broughi forward 81.981 81,981 81,413 TOTAL FUNDS CARRIED FORWARD 77289 Th¢ not¢5 forni part of thcsc financial 5tat¢ments Page 6
Clonard Resident5 AsSOCj7ltion (Ke stered number: .NIO?6138) Statement of Financial Position 31 October 2025 31.10.25 31.10.24 Noics CURRENT ASSETS Cash at bank 79,330 83,974 CREDITOILS Amounls lalling duc within onc ycar 12,041) (1.9931 NF.T CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES 81,981 IYET,ISSETS Unrestricted funds TOTAL FUNDS 81.981 The charirable cotnpan* is entitled io exemption from audit under Section 477 of the Cotnpanies Act 21K>6 for the year cndcd 31 Octobcr 2025. The member% have not required the companj to obtain an audit of IL financial 8tatemenL8 for the jear ended 31 Ocrober 202) in accordance with SeLtion 476 of the Companies Act ?006. ie trust¢cs acknowl¢dgc thcir rcsponsibilities for (al en4uring rhat the chaniable compani keeps acLwunting records ihat comply wilh Section4 386 and 387 of the Companies .4Lt 2(K)6 and prLparing tinaneial gtatemLnts M.hich givL a trnc and fair vi¢w of th¢ stat¢ of affairs of thL charitablc company as at thc cnd of Lach financiol y¥ar and of its sutplus or dcficit for cach financial )car in accordancc with Ihc rcquircmcnls of Sections 394 and 39) and ivliicli otheni'isc complv with the requirem¢nt5 of thc Compani¢s Act 2(X)6 relating to financial 8tatement5, so far as applicable to ihe charitable compan). (b) Th¢ not¢5 forni part of thcsc financial 5tat¢ments Page 7 continued...
Clonard Resident5 AsSOCj7ltion (Ke stered number: .NIO?6138) Statement of Financial Position - continued 31 October 2025 These financial statements have been prepared in accordance with the provisions applicable io charitable companies subject (h small companics rcgimc. The financial %tulement% were UPPToved by the Board of Trustee4 and auihorised for IUe on I l March 2026 und were signed on its belialf by.. AlbcrL Allcn- TrusL¢¢ Scan Murray- Truslcc Th¢ not¢5 forni part of thcsc financial 5tat¢ments Page 8
Clonard Resident5 AsSOCj7Itio Notes to the Financial Statements for the I'-¢gr Ended 31 October 2025 ACCOUNTIIYG POLICIES Basis of preparin£ the financial slatemcnts (a} General infortnalion and basis ofpreparation Clonard Residents Associaiion Limited is constituted as a company limited by guarantee incorporaled in Nvrthern Iriland (N10261381. In thL cvcnt of ihc charily IKing would up. thc liabiliLy in rcspLCt of thc guardnlcc is limiL-d io £ I pcr mcmbcr ofihc chaTIty. The charity constitutts a public benefit entit5, &s defined b}. FRS 10? The financial statements have been prepared in aLLordanLe widi AccouL)ting and RertIng b). Charities= Sthiement of Recoinmended Practice applicable to charities prcparing Ih¢iT a¢¢ounis in a¢¢ordanci w'ith th¢ Financial R¢poning Siandard appli¢abl¢ in lh¥ UK and R¢public of Ircland (FRS 1021. thc Financial Rcponing stalard applicabl¢ in rhc Unitcd Kingdom arKI Rcpublic of Irclad {FRS 102}. tli¢ Charititb Aci (Nonhern Ircland) 2013. the Companies Act ?(K)6 and UK Generally Accepted Practice as it applies from l Januarv 2015. Thc tinan¥ial 5t3tem¢nts arc pr¢parcd on a going con¢em basis und¢r thc historical cost convention, modificd to includc ccrtain itcms ai fair i'aluc. Thi linaucial statLmLnts arc prckntcd in slcrling which is thc functional curtcncy of the charity.. The signific[ accounting policies applied in the prepurdtion of these fJnanLial statrments are %et out below. The%e policies have been Consistently applied to all yeaT5 prented unlo8s otherwise 51ated. (b) Funds Unrestricled funds are available for use ai the discrelion of the INstees in furtberance of the general objeclives of the charity and which havc not bccn dcsignakd for oihcr purposcs. tksignat¢d funds COMps¢ ullrcstri¢t¢d funds that hav¢ b¢¢n 5Ct asid¢ by th¢ tru1¢¢5 for particular purposes. Th¢ aim and use of each designated fund is s¢[ out in the note% to the financial ststements. Rcstriclcd funds arc tunds which to USL-d in acconlancc wilh stKcific rcstriclions imposcd by doDors or which hav¢ bliii raisid bv tlii uliai'ity for parti¥ulai' pUr}s¢s. Tli¢ Cost of raisiiig and adiiiiiiist¢riJig su¥h fuiids arc iliarg¥d against thc spccific fund. Th¢ aim and u5¢ of cach rcstrictcd fund is sct out in the notcs to th¢ financial statCTncnts. Further eXplallOn of the nature and purpose of each fund is included in the notes to the ficlaI statements. (c) Income recognitio All incoming resourLes dre inLluded in the Statement of Findncial Activities (SOFA) when the chariiy ib legally entitled to the income after 2n), perf0rn12n¢e Londitions hai'e b¢evb met. the amount Can be measured reliably and it is probablc ihat ihc inconK will bc rcccii'cd. Page 9 continued...
Clonard Resident5 AsSOCj7Itio Notes to the Financial Statements- continued for the I'-¢gr Ended 31 October 2025 ACCOUNTIIYG POLICIES- continued Basis of preparin£ the financial slatemcnts For donation8 to be r¢cognised th¢ charity. lI1 hav¢ b¢¢n notified of th¢ atnounts and th¢ s¢ttl¢in¢nt datc in writing. If there are condition% attached to the donaiion and thi% require% a level of performance before entiilement Cdn be obtained tlien InLome is deferred until iknse condiiions are fullv mel or the fuifilment of thobe conditions IS Within thL conirol ol-IhL charily and il is probablc thai )' w'ill bc fuifillcd.voluniary incornL is fLcci*cd by way ofgranls, donations and gifts and is includ4d in full in ihc Sthtcincnt of Financial Artii'iiics {SoFAI whcn rcccivablc. Incom r¢ceiv¢d from vollcctions is rccogniscd then rtt¢ii-¢d. Donaled faciliiies and donated profebsional sern'ices are recognised In iiicome at their fair value when their economic b¥n¢fil is probabl¥. ii ¢an bL m¢asur¢d riliablv and th¢ ¢harit> has control oi"¢r ih¢ iL¢m. Fair valu¢ is d¥l¢nnin¢d on th¢ basis of ihc valuc of ihc gil) to thc Chaty. For cxaTnplc thc amount lh¢ charit! would bc willing to pay in thc opcn market for such facilitics and s¢ryices. A corresponding amount is rccognised in expcnditurc. LNO nount IS included Ln the financial staiemenis for volunieer time in line with the SORP (FRS 102). Trurther detail is giv¢n in th¥ Trustccs, Ann1 R¢port. For l¢gaci£s. ¢ntitl¢mcnt is ihe ¢arlier of the charity being notified of an imptnding distriburion or the legacy being received. At ihis point income is recognised. On occasion legacieq w'ill be notified io ihe charity however li 15 not pos4ible io mtrdsure the dttiount expecicd to be disitibuted. On these uccasions. the legdcy i% treated us a Lolltingent asset and disclosed. Income from trading activilies includes income earned from fundrdising events and tTading activities lo raise funds for the charity. Income is received in ex¢h2nge for 8iipplying gLy)ds and 8ervices in order io raise fvnds and is recogni%ed when entitlement has occurred_ ThL charily rcLLIILS govcrnmLni granls which arc dc1]Cd ¥siihin thc nolcs to ihcsc financial slatcrncnls. Incomc from goi'ernment and oiher granis are reiognised at fair ialue ,hen ihe chariry has entitlement after any p¢rfonnanc¢ conditions hai'¢ b¢¢n mct, it Is probabl¢ that th¢ incom¢ will b¢ rcccived and the amount can b¢ mea8ured reliably. If ¢ntitlement 1% not met then these amounts are defeTh¢d. (D) Expenditlure recogllition All expenditu is a¢count¢d for on an accruals basi5. inclusive of V A T which cannot b¢ r¢cov¢T¢d and has been cl&ssified under headings th aggregare all costs relaTed to the categnry. E¥penditure is recognised where there is a legal or LOllStruLtive obligation to mak'e payments 10 thd parties. It is proLyable that the settlement 11[ be required and the amnuni nf ihe nhligati4)n can he rnea%ured reliahl)_ It is categnri%ed under the fnllowinn headings- Costs of raising funds includes ihc costs associated '1th attracting voluntary incomes.. Expenditure on charirable activities includes ihose cosls incued by the chariti, in the delivery of its acrivities and serviLYs for its beneficidrie5. It inLludes botl) costs thdt can be dIlted directly to suLh dctiviiieb and tho%e co&ts of an indirect nttture neeetsary to support them. and Oihcr cxpcndilurL Tcprcscnts thos¥ iicms noi falling inlo thc calcgorics al)ovc. Irrecoverable VAT is charged as an expense agaiAst the activity for which expendilure arose. Page 10 continued...
Clonard Resident5 AsSOCj7Itio Notes to the Financial Statements- continued for the I'-¢gr Ended 31 October 2025 ACCOUNTIIYG POLICIES- continued Basis of preparin£ the financial statemcnts Grants payabl¢ to third part1¢5 ar¢ M'ithin the charitable obj¢ctii'¢s. Wh¢r¢ unconditional grants arc offcrcd, this is accrued d% ¥oon as the recipient )% notified of ihe grdnt. thi% gives rise to a rea%onable expectdiion that the recipient will receiie the grants. Where grants are conditional relating to performance then ihe grant is onl> accrued whcn any unfuifillcd condilions arc oulsidL ofihL control of(hc chariiy. (e) Support cost5 allocation Support costs are those ihat assist ihe work of the Lharity but do noi directl) represent chariiable activiiies and in¢ludc offic¢ ¢L)sis. g0Crnan¢¢ ¢osis. administyaiiv¢ payroll costs. Thcy arc in¢urr¢d dir¢¢ily in support ol ¢.xpcnditurc on thc objccts of ihc charity and includc p.-ojcct managctncnt carricd out at Hcadquartcrs. Th'hcrc support costs cannot b¢ dircctli attribut¢d to particular h¢adings tn¢y hai-e b¢cn allocated to cost of raising funds and expenditure on charirable actii'itie on a ba%is coiisistenr wirh use of the resource). Premises 0erhead$ have been allocated on an insert deiail basis and other overbeads have allocaied on a basi& LODSlStent with the use of rc5QUT¢CS. Fund-raising ¥OSts are those incurred in seeking volunrary contributions and do not include tlie cosis of disseminating inforniation in supwrt of the charitable acti1t1eS. (O Debtors and creditOTS receivable I payable within one year Debtors and creditors wilh no stated interest rate and receivable or pavable within one year are recorded at iransaction pri¢e. Any li)sses arising from impairnleni are recognised in expenditure. (g) Impairment Assets not measured ai fair value are reviewed for anv indication that rhe asset mav be impaired at each balance sh¢¢t dat¢. If such indication ¢xists, th¢ r¢coTr¢rdblc atnount of th¢ asser, or th¢ as5¢t's cash g¢n¢Tatin8 unit, is e%tiinated and compared to the carying amouni. Iwhtre Ihe carryryfftg amount exceed% its recoverable dmount, an impairment10ss is recognised in profit or lois unless ihe asset is carried at a rek'alued atnount wl)ere ihe iinpainnent loss is a rcvaluation dicrcasc. (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 prnhahle that an nutflnw nf ecnnamic henetiig 111 he required in seiilemeni 2nd the ainnunt can he reliahly Lslimalcd. (i) Le$es Assets acquir¢d under finance leas¢s arc capitalis¢d and depreciatcd ow¢r the shorter of ihc lease tenn and th¢ expected useful life of the asset. Minirnum leab= paN'inents are apportioned between ihe finance charge and Ihe reduction of the dutstatjding Itt lidbilit), using the effeLiiVe iniertst meth(d. The related obljgaiions. net of future finance charges, are included in ¥reditors_ Rcntals payablL and rLYcivablc undcr opcraiing Icascs arc Charg¢1 to thc SOFA on a straighi linc basis ovcr thc period of the lease. Page 11 continued...
Clonard Resident5 AsSOCj7Itio Notes to the Financial Statements- continued for the I'-¢gr Ended 31 October 2025 ACCOUNTIIYG POLICIES- continued Basis of preparin£ the financial statemcnts (i) Tax No provision is rcquircd for iaxalion as Ihc compan). is dcfined as a charily for laxalion purposes. Thc charity is a rcgislcrcd charilv and so such is cnliilcd 10 citlain cxompliolls on incom¢ and profits from investments and surplu>¢S on any trading actii'itles Caled on in furthcranc¢ of th¢ chariry's primary obj¢ctive8, if these profits and surpluse.s are applied solely for charilable pu]yow. (k) Coing concern The financial statcments ha.¢ been prepared on a going concern basis as the tru5tccs bclicwc that no material uncenainiies exist. The Irustees haTre comsidered rhe lei'el of fund.s held and the expecled level of incoine and expenditure for 12 montlis from authorising these financial staiements. The budgeted income and expenditure is sutficicnt with thL Icvcl ot'rcscrvcs for thc charily to bc abk. to continuc 05 J goingv conccrn. (l) Judgements estimates The followin¥ judgetnents includin¥ iho&e invollg esiirnates thai have been made in the process of dpplying the abvve accouniing policie5 thai have had the most significaiit effecl on the ainounts recogTnised in the financial slatcmcnts and thai havL a significanl risk of causing a maicrial adJu51mcni thc carrying amounls of asscts and liabilities within rhe next financial Year: The tImate and &4%umptions are reyiewed on an onuoing basi5 Co%]derIng the current and future Ji]ket Londilions. Taxation Thc company is a 81St¢r¢d chaty and 50 5urh is ¢ntitled to ccrtain tax ¢x¢mption5 On incom¢ and PTofits from inve%tment8 and 8uTrluses on an) trading activitits Caled on iii fvrth¢rai)ce of the charity's priwnary objective8, if these profits and surpluses are applied solel). for ctwiiable purposes. Fuiid arroMI)ting 1¢ company has various typ of funds for which it li r¢sponsiblc and which rcquir¢ Fcparatc disclosure. A definition of the i'ariou8 types offunds i.s &s follows.. (il Re%tricted fun&8 Funds rcccivid which arc carmarkcd by thc doniy for spccific putposcs. Such purpos¢5 arc within Ihc ovcrall aims of ihc company. (il Unre%triLted funds. Funds which are expendable at the discretion of the dire¥'tors which have been designated for Spe¢lf purposes in lurihcrancc of Ihc objccts ol'ihc charilj. Page 12 continued...
Clonard Resident5 AsSOCj7Itio Notes to the Financial Statements- continued for the I'-¢gr Ended 31 October 2025 DOIYATIONS APJD LEGACIES 31.10.25 31.10.24 Rcnt & Ovcrh¢ad Conthbution LNET IINCOMEI(EXPENDITURE} Nct incomc/lcipcnditurc) is stalcd aftcr charginglcrcdiiiDg).' 31.10.25 31.10.24 Accountancy Fee 960 TRUSTEES. REMUI%EK4TION AND BEI%EFITS There were no trustees, remuneration or other benefits foT the year ended 31 October 2025 nnr for the year ended 31 October 2024. Trustees. eApenses Theie werE niTr trustees, expenses Pdid for the yeai ended 31 October ?025 nor Cor the year ended 31 OLtober 2024. CREDITORS: AMOUNTS FALLINC DUE II'ITHIN ONE YE.IR 31.10.25 31.10.24 Accru21s 2nd deferred income ANALYSIS OF TrIET ASSETS BETWEEN FUliDS 31.10.25 Total funds 31.10.24 Total funds Unrestricwl funds. R¢5tricted fiinds Currenl assets Currcnt liabilitics 79.330 79,i30 2.0411 83,974 1.9931 ¥1 1)81 Page 13 continued...
Clonard Resident5 AsSOCj7Itio Notes to the Financial Statements- continued for the I'-¢gr Ended 31 October 2025 MOTr EMETrJT IPI FUIYDS cl movement in fund TransfLrs beeen At 1.11.24 At 31.10.25 Unrestricted funds Gcncral lund ComTnunilv FoUdatIon Halifax Foiindation Falls Community Council Radius IIousing Association NIHE 76.656 I.)0 .iOO 8?5 500 (4.6921 5,325 (1,0001 {1.5001 (%25} (500) 1.5001 77.289 81.981 4.6921 TOT AL FUNDS Net movement in funds. includcd in th¢ abovc arc as follows.. InLOtning resources Re50UtLes expended MovemeDt in funds Unrestricted fund$ Gen¢Tal fund 4,879 (9,571) (4,6921 TOT..IL FUNDS Comparative5 for mo}eellt im funds Net At 1.11.23 oVeent in funds At 31.10.24 Unrestricted fund5 (i¢ll¢Tal lund Comrnunity Foundation lalifdK Foundation Falls Coinmunity Council Radius Housing Associatyon 76,0148 ,000 1,500 825 00 500 81.413 568 76.656 1,000 1,500 825 500 NIHE i()8 568 TOTAL FUNDS Page 14 continued...
Clonard Resident5 AsSOCj7Itio Notes to the Financial Statements- continued for the I'-¢gr Ended 31 October 2025 MOTr EMETrJT IPI FUIYDS- coThlinued Comparative net movement in fund& included in the atrKJve are as follows.. Incomiilg resources Re4ources expended Moveineni in funds LTnrcstrictcd fund5 Gcn¢ral lijnd 9,144 (X,576) 5611 TOTAL FUNDS 9,144 568 CONTINGEI%T LIABILITIES A contingent liability exists to rcpay grants reccived should ccnain conditions not bc fulfillcd by the charity. RELATED PARTI. DISCLOSURES Thcrc wcrc no rclaicd party transactions for ihc yL7r cndLd 31 Ociobcr 2025. io. P05T BALAIYCE SHEET EI'EP415 There were no event after the reportin¥ period therefore no material issues need discl(Ise Mof%IES RECEIVED RE 24 KASHMIR ROAD PROCEEDS During the year ended 3 1st OctobeT 2n1 i. Ihe monies being held by the Company solicitor, relating to the proceeds from the sale of 24 Kdshmir Road were tthid over lo ihe Charitable Coinpany. This totalled an dmount of £22.563. Thc Charitablc Company bclicvc thai ihis moncy docs not nccd io IK lurnd lo thc original fundcr and will rcmain for the use of th¢ Charitable Company at Ihc discretion of the lrnst¢¢s in lin¢ w'iih their obj¢cliv¢s. 'INDING UP Evcry mcmbcr of ihc Company undcrtakcs lo coulribulc lo ihc asscts of ihc Company. in thc cwcnl of ihc samc bL"ing wound up whilc it is a mcmbcr. or wiihin onL yiar aftcr il ccasc% to bc a mcmbcr. for paymcnt of thc dcbts and liabilities of ihe Company conirncted before it ceases lo be a member, and of ihe cosrs, charges and expenses of winding up, 2nd for t1 adju%ltnent of the righ14 of the toniribuior'% among themqelveq, such 2mount as may be requId not exLeeding one pound. Page 15 continued...
Clonard Resident5 AsSOCj7Itio Notes to the Financial Statements- continued for the I'-¢gr Ended 31 October 2025 13. SHARE CAPITAL The Company is limited by guarantee and has no share capital Page 16
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