**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
Page 1
**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
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
Page 2
## **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:
- examine the accounts under Section 65 of the Charities Act
- follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act
- state whether particular matters have come to my attention.
## **Basis of the independent examiner's report**
I have 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:
1. That accounting records were not kept in accordance with Section 386 of the Companies Act 2006
2. That the accounts do not accord with those accounting records
3. 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
4. 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
- (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 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
Page 6
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...
Page 8
**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...
Page 9
## **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...
Page 10
**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...
Page 11
## **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...
Page 12
## **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...
Page 13
**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.
Page 14
**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
Page 15