REGISTERED COMPANY NUMBER: NI038155 (Northern Ireland) REGISTERED CHARITY NUMBER: NI100097
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
FOR
ESKRA COMMUNITY ASSOCIATION
McAleer Jackson Ltd Chartered Accountants & Chartered Tax Advisers Church House 24 Dublin Road OMAGH Co. Tyrone BT78 1HE
ESKRA COMMUNITY ASSOCIATION
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 to 7 |
| Notes to the Financial Statements | 8 to 14 |
| Detailed Statement of Financial Activities | 15 |
ESKRA COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
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 March 2023. 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 1 January 2019).
OBJECTIVES AND ACTIVITIES Principal Activity
To promote for the benefit of the inhabitants of the Parish of Eskra without distinction of sex, race or political, religious or other opinions by associating with the statutory authorities, voluntary organisations and inhabitants, in a common effort to advance education, preserve and protect health and provide facilities in the interests of social welfare.
The Company is limited by guarantee not having a share capital.
FINANCIAL REVIEW
The charity's main source of income is premises hire. The amount received in the year from this and other sources was £61,293. Total expenditure of £64,793 was spent during the year leaving a deficit of £(3,500).
RESERVES POLICY
The reserves of the charity are set by the Trustees. The reserves are held primarily as cash. The level of reserves will be reviewed annually as part of the management process. The Trustees aim to maintain sufficient free reserves in unrestricted funds to bridge any funding gaps experienced by the charity and to mitigate the risks and costs of unplanned closures of the organisation.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and its Articles of Association.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
NI038155 (Northern Ireland)
Registered Charity number
NI100097
Registered office
167 Newtownsaville Road Eskra Co. Tyrone BT78 2RJ
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ESKRA COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
Trustees
Gerry McCaffrey David Gill Gerry McAloon (resigned 15.11.22) Tommy O'Brien Mrs Claire McNamee Mrs Winnie Burns (resigned 15.11.22) Pearse McGirr Paul Hackett (deceased 7.2.23) Joe Marlow Ms Julie Kelly Mrs Pauline Quinn Ms Eimear Donnelly (appointed 15.11.22)
Company Secretary
Mrs Pauline Quinn Independent Examiner McAleer Jackson Ltd Chartered Accountants & Chartered Tax Advisers Church House 24 Dublin Road OMAGH Co. Tyrone BT78 1HE
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Eskra Community 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).
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 incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
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ESKRA COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
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 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 other irregularities.
Approved by order of the board of trustees on 18 December 2023 and signed on its behalf by:
GERRY McCAFFREY
………………………………………
Gerry McCaffrey - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ESKRA COMMUNITY ASSOCIATION
I report on the accounts of the company for the year ended 31 March 2023, which are set out on pages five to fourteen.
Respective responsibilities of charity 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:
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examine the accounts under Section 65 of the Charities Act
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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
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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 accordance with the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also 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:
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That accounting records were not kept in accordance with Section 386 of the Companies Act 2006
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That the accounts do not accord with those accounting records
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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
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That there is further information needed for a proper understanding of the accounts to be reached.
Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.
MICHAEL BARNETT
………………………………………
MICHAEL BARNETT
McAleer Jackson Ltd Chartered Accountants & Chartered Tax Advisers Church House 24 Dublin Road OMAGH Co. Tyrone BT78 1HE
18 December 2023
Page 4
ESKRA COMMUNITY ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2023
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 11,343 Charitable activities Charitable Activities 2,375 Other trading activities 2 9,811 Other income 1,000 Total 24,529 EXPENDITURE ON Charitable activities Governanace Costs 1,178 Charitable Activities 26,851 Total 28,029 NET INCOME/(EXPENDITURE) (3,500) RECONCILIATION OF FUNDS Total funds brought forward 119,910 TOTAL FUNDS CARRIED FORWARD 116,410 |
Restricted funds £ - - - 36,764 36,764 - 36,764 36,764 - - - |
2023 Total funds £ 11,343 2,375 9,811 37,764 61,293 1,178 63,615 64,793 (3,500) 119,910 116,410 |
2022 Total funds £ 11,696 2,773 6,613 36,165 57,247 1,038 60,007 61,045 (3,798) 123,708 119,910 |
|---|---|---|---|
The notes form part of these financial statements
Page 5
ESKRA COMMUNITY ASSOCIATION
BALANCE SHEET
31 MARCH 2023
| Notes FIXED ASSETS Tangible assets 7 CURRENT ASSETS Debtors 8 Cash at bank CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 10 ACCRUALS AND DEFERRED INCOME 12 NET ASSETS FUNDS 14 Unrestricted funds TOTAL FUNDS |
2023 £ 491,717 - 41,182 41,182 (8,194) 32,988 524,705 (53,328) (354,967) 116,410 116,410 116,410 |
2022 £ 532,211 92 40,205 40,297 (7,510) 32,787 564,998 (59,353) (385,735) 119,910 119,910 119,910 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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 financial year and of its surplus or deficit for each financial year in accordance with the 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.
The notes form part of these financial statements
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continued...
ESKRA COMMUNITY ASSOCIATION
BALANCE SHEET - continued 31 MARCH 2023
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 18 December 2023 and were signed on its behalf by:
GERRY McCAFFREY
………………………………………
Gerry McCaffrey - Trustee
PEARSE McGIRR
………………………………………
Pearse McGirr - Trustee
The notes form part of these financial statements
Page 7
ESKRA COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 4% straight line Fixtures and fittings - 10% straight line
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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 impairment are recognised in the Statement of Financial Activities in other administrative expenses.
continued...
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ESKRA COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
1. ACCOUNTING POLICIES - continued
Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Statement of Financial Activities annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Statement of Financial Activities when received.
2. OTHER TRADING ACTIVITIES
Rent Activity income Renewable energy income |
2023 £ 4,918 2,521 2,372 9,811 |
2022 £ 4,269 120 2,224 |
|---|---|---|
| 6,613 |
3. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| Depreciation - owned assets | 2023 £ 47,871 |
2022 £ 47,561 |
|---|---|---|
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022, except for the reimbursement of costs incurred in the normal course of business.
5. STAFF COSTS
The company had no employees for the year ended 31 March 2023 nor for the year ended 31 March 2022.
continued...
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ESKRA COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
| 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 11,696 - Charitable activities Charitable Activities 2,273 500 Other trading activities 6,613 - Other income - 36,165 Total 20,582 36,665 EXPENDITURE ON Charitable activities Governanace Costs 1,038 - Charitable Activities 23,342 36,665 Total 24,380 36,665 NET INCOME/(EXPENDITURE) (3,798) - RECONCILIATION OF FUNDS Total funds brought forward 123,708 - TOTAL FUNDS CARRIED FORWARD 119,910 - |
Total funds £ 11,696 2,773 6,613 36,165 57,247 1,038 60,007 61,045 (3,798) 123,708 119,910 |
|---|---|
continued...
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ESKRA COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
7. TANGIBLE FIXED ASSETS
| COST At 1 April 2022 Additions At 31 March 2023 DEPRECIATION At 1 April 2022 Charge for year At 31 March 2023 NET BOOK VALUE At 31 March 2023 At 31 March 2022 |
Freehold property £ 1,143,091 - 1,143,091 616,859 45,723 662,582 480,509 526,232 |
Fixtures and fittings £ 79,043 7,377 86,420 73,064 2,148 75,212 11,208 5,979 |
Totals £ 1,222,134 7,377 |
|---|---|---|---|
| 1,229,511 | |||
| 689,923 47,871 |
|||
| **737,794 ** | |||
| 491,717 | |||
| 532,211 |
Mortgages/Charges
The Northern Ireland Rural Development Council holds an all monies debenture created on 9 March 2005 over the property at 169 Newtonsaville Road, Eskra. The Department of Agriculture Environment and Rural Affairs holds a fixed and floating charge created on 7 June 2018 over the property at 167 Newtonsaville Road, Eskra.
8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| VAT | - | 92 |
continued...
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ESKRA COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
| 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 £ Bank loans and overdrafts (see note 11) 5,808 VAT 372 Accrued expenses 2,014 8,194 10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2023 £ Bank loans (see note 11) 53,328 11. LOANS An analysis of the maturity of loans is given below: 2023 £ Amounts falling due within one year on demand: Bank loans 5,808 Amounts falling between one and two years: Bank loans - 1-2 years 5,808 Amounts falling due between two and five years: Bank loans - 2-5 years 17,423 Amounts falling due in more than five years: Repayable by instalments: Bank loans more 5 yr by instal 30,097 12. ACCRUALS AND DEFERRED INCOME 2023 £ Deferred government grants **354,967 ** |
2022 £ 5,590 - 1,920 7,510 2022 £ 59,353 2022 £ 5,590 5,590 16,771 36,992 2022 £ 385,735 |
|---|---|
continued...
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ESKRA COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
13. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Unrestricted fund £ Fixed assets 136,750 Current assets 41,182 Current liabilities (8,194) Long term liabilities (53,328) Accruals and deferred income - 116,410 14. MOVEMENT IN FUNDS |
Restricted funds £ 354,967 - - - (354,967) - |
2023 Total funds £ 491,717 41,182 (8,194) (53,328) (354,967) 116,410 |
2022 Total funds £ 532,211 40,297 (7,510) (59,353) (385,735) 119,910 |
|---|---|---|---|
| At 1.4.22 £ Unrestricted funds General fund 119,910 TOTAL FUNDS 119,910 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 24,529 Restricted funds Fixed Assets 36,764 TOTAL FUNDS 61,293 |
Net movement At in funds 31.3.23 £ £ (3,500) 116,410 (3,500) 116,410 Resources Movement expended in funds £ £ (28,029) (3,500) (36,764) - (64,793) **(3,500) ** |
|---|---|
continued...
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ESKRA COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
14. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.4.21 £ Unrestricted funds General fund 123,708 TOTAL FUNDS 123,708 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 20,582 Restricted funds Fixed Assets 36,165 Operations Fund 500 36,665 TOTAL FUNDS 57,247 |
Net movement At in funds 31.3.22 £ £ (3,798) 119,910 (3,798) 119,910 Resources Movement expended in funds £ £ (24,380) (3,798) (36,165) - (500) - (36,665) - (61,045) (3,798) |
|---|---|
15. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
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ESKRA COMMUNITY ASSOCIATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023
| 2023 £ INCOME AND ENDOWMENTS Donations and legacies Donations 11,343 Other trading activities Rent 4,918 Activity income 2,521 Renewable energy income 2,372 9,811 Charitable activities Grants 2,375 Other income Other income 37,764 Total incoming resources 61,293 EXPENDITURE Charitable activities Insurance 3,267 Light and heat 2,764 Sundries 767 Repairs and maintenance 5,194 Bank charges 187 Bank loan interest 3,565 Depreciation of tangible fixed assets 47,871 63,615 Support costs Governance costs Accountancy and legal fees 1,178 Total resources expended 64,793 Net expenditure **(3,500) ** |
2022 £ 11,696 4,269 120 2,224 6,613 2,773 36,165 57,247 2,857 2,878 1,096 1,790 175 3,650 47,561 60,007 1,038 61,045 (3,798) |
|---|---|
This page does not form part of the statutory financial statements
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