REGISTERED COMPANY NUMBER: NI038155 (Northern Ireland) REGISTERED CHARITY NUMBER: NI100097
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
FOR
ESKRA COMMUNITY ASSOCIATION
McAleer Jackson Ltd Chartered Accountants Church House 24 Dublin Road OMAGH Co. Tyrone BT78 1HE
ESKRA COMMUNITY ASSOCIATION
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 to 6 |
| Notes to the Financial Statements | 7 to 12 |
| Detailed Statement of Financial Activities | 13 |
ESKRA COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
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 2025. 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 £70,915. Total expenditure of £86,844 was spent during the year leaving a deficit of £(15,929).
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
169 Newtownsaville Road Eskra Omagh Co. Tyrone BT78 2RJ
Trustees
Gerry McCaffrey David Gill Tommy O'Brien Mrs Claire McNamee Pearse McGirr Joe Marlow Ms Julie Kelly Mrs Pauline Quinn Eimear Donnelly Paul Fox R Montague
Company Secretary
Mrs Pauline Quinn
Page 1
ESKRA COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
McAleer Jackson Ltd Chartered Accountants 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. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under company law the trustees must not approve the financial statements unless they are satisfied that they 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 Charities 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.
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 7 January 2026 and signed on its behalf by:
.................................................................... Eimear Donnelly - Trustee
Page 2
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 2025, which are set out on pages four to twelve.
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:
-
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 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
McAleer Jackson Ltd Chartered Accountants Church House 24 Dublin Road OMAGH Co. Tyrone BT78 1HE
7 January 2026
Page 3
ESKRA COMMUNITY ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 11,075 Charitable activities Charitable Activities 7,475 Other trading activities 2 11,916 Other income 4,060 Total 34,526 EXPENDITURE ON Charitable activities Governanace Costs - Charitable Activities 50,455 Total 50,455 NET INCOME/(EXPENDITURE) (15,929) RECONCILIATION OF FUNDS Total funds brought forward 110,557 TOTAL FUNDS CARRIED FORWARD 94,628 |
Restricted funds £ - - - 36,389 36,389 - 36,389 36,389 - - - |
2025 Total funds £ 11,075 7,475 11,916 40,449 70,915 - 86,844 86,844 (15,929) 110,557 94,628 |
2024 Total funds £ 13,340 3,432 10,859 36,189 63,820 1,517 68,156 69,673 (5,853) 116,410 110,557 |
|---|---|---|---|
The notes form part of these financial statements
Page 4
ESKRA COMMUNITY ASSOCIATION
BALANCE SHEET
31 MARCH 2025
| 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 INCOME13 NET ASSETS FUNDS 15 Unrestricted funds TOTAL FUNDS |
2025 £ 402,843 447 37,082 37,529 (7,525) 30,004 432,847 (43,408) (294,811) 94,628 94,628 94,628 |
2024 £ 447,022 - 51,409 51,409 (8,191) 43,218 490,240 (48,805) (330,878) 110,557 110,557 110,557 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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
continued...
Page 5
ESKRA COMMUNITY ASSOCIATION
BALANCE SHEET - continued 31 MARCH 2025
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 7 January 2026 and were signed on its behalf by:
............................................. Eimear Donnelly - Trustee
............................................. Paul Fox - Trustee
The notes form part of these financial statements
Page 6
ESKRA COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in sterling which is the functional currency of the Company.
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
Tangible fixed assets are stated at cost or valuation, net of depreciation and any provisions for impairment.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
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.
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.
continued...
Page 7
ESKRA COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| Rent Activity income Renewable energy income |
2025 £ 7,062 1,965 2,889 11,916 |
2024 £ 6,150 2,296 2,413 |
| 10,859 |
3. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| Depreciation - owned assets | 2025 £ 47,559 |
2024 £ 47,526 |
|---|---|---|
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024, 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 2025 nor for the year ended 31 March 2024.
continued...
Page 8
ESKRA COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
| 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 13,340 - Charitable activities Charitable Activities 3,432 - Other trading activities 10,859 - Other income - 36,189 Total 27,631 36,189 EXPENDITURE ON Charitable activities Governanace Costs 1,517 - Charitable Activities 31,967 36,189 Total 33,484 36,189 NET INCOME/(EXPENDITURE) (5,853) - RECONCILIATION OF FUNDS Total funds brought forward 116,410 - TOTAL FUNDS CARRIED FORWARD 110,557 - |
Total funds £ 13,340 3,432 10,859 36,189 63,820 1,517 68,156 69,673 (5,853) 116,410 110,557 |
|---|---|
continued...
Page 8
ESKRA COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
7. TANGIBLE FIXED ASSETS
| COST At 1 April 2024 Additions At 31 March 2025 DEPRECIATION At 1 April 2024 Charge for year At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 |
Freehold property £ 1,145,922 - 1,145,922 708,418 45,838 754,256 391,666 437,504 |
Fixtures and fittings £ 86,420 3,380 89,800 76,902 1,721 78,623 11,177 9,518 |
Totals £ 1,232,342 3,380 1,235,722 785,320 47,559 832,879 402,843 447,022 |
|---|---|---|---|
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
| VAT 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 11) VAT Other creditors Accrued expenses |
2025 £ 447 2025 £ 5,281 - - 2,244 7,525 |
2024 £ - 2024 £ 5,166 169 420 2,436 8,191 |
|---|---|---|
continued...
Page 9
ESKRA COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
| 10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE Bank loans (see note 11) 11. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank loans Amounts falling between one and two years: Bank loans - 1-2 years Amounts falling due between two and five years: Bank loans - 2-5 years Amounts falling due in more than five years: Repayable by instalments: Bank loans more 5 yr by instal 12. SECURED DEBTS The following secured debts are included within creditors: Bank loans 13. ACCRUALS AND DEFERRED INCOME Deferred government grants 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Restricted fund funds £ £ Fixed assets 115,957 286,886 Current assets 37,529 - Current liabilities (7,525) - Long term liabilities (43,408) - Accruals and deferred income (7,925) (286,886) 94,628 - |
YEAR 2025 £ 43,408 2025 £ 5,281 5,281 15,843 22,284 2025 £ 48,689 2025 £ 294,811 2025 Total funds £ 402,843 37,529 (7,525) (43,408) (294,811) 94,628 |
YEAR 2025 £ 43,408 2025 £ 5,281 5,281 15,843 22,284 2025 £ 48,689 2025 £ 294,811 2025 Total funds £ 402,843 37,529 (7,525) (43,408) (294,811) 94,628 |
|
|---|---|---|---|
| 22,284 2025 £ 48,689 |
continued...
Page 10
ESKRA COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
15. MOVEMENT IN FUNDS
| Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Fixed Assets TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS Comparative net movement in funds, included in the above are Unrestricted funds General fund Restricted funds Fixed Assets TOTAL FUNDS |
At 1.4.24 £ 110,557 110,557 Incoming resources £ 34,526 36,389 70,915 At 1.4.23 £ 116,410 116,410 as follows: Incoming resources £ 27,631 36,189 63,820 |
Net movement At in funds 31.3.25 £ £ (15,929) 94,628 (15,929) 94,628 Resources Movement expended in funds £ £ (50,455) (15,929) (36,389) - (86,844) (15,929) Net movement At in funds 31.3.24 £ £ (5,853) 110,557 (5,853) 110,557 Resources Movement expended in funds £ £ (33,484) (5,853) (36,189) - (69,673) (5,853) |
|---|---|---|
Page 12
ESKRA COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
16. CONTINGENT LIABILITIES
There is a contingent liability to repay all grant monies should they not be distributed under the terms of the various initiatives. The trustees do not anticipate any repayment falling due under the terms on which grants were received.
17. RELATED PARTY DISCLOSURES
Gerry McCaffrey, trustee, is also a trustee of Omagh Forum for Rural Associations which administers grants of which Eskra Community Association is a beneficiary.
Page 12
ESKRA COMMUNITY ASSOCIATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 11,075 | 13,340 |
| Other trading activities | ||
| Rent | 7,062 | 6,150 |
| Activity income | 1,965 | 2,296 |
| Renewable energy income | 2,889 | 2,413 |
| 11,916 | 10,859 | |
| Charitable activities | ||
| Grants | 7,475 | 3,432 |
| Other income | ||
| Other income | 40,449 | 36,189 |
| Total incoming resources | 70,915 | 63,820 |
| EXPENDITURE | ||
| Charitable activities | ||
| Insurance | 3,253 | 3,396 |
| Light and heat | 9,977 | 8,245 |
| Legal and professional | 2,420 | - |
| Sundries | 1,549 | 944 |
| Repairs and maintenance | 12,609 | 3,569 |
| Bank charges | 190 | 195 |
| Bank loan interest | 3,853 | 4,281 |
| Activities | 4,060 | - |
| Depreciation of tangible fixed assets | 47,558 | 47,526 |
| 85,469 | 68,156 | |
| Support costs | ||
| Governance costs | ||
| Accountancy and legal fees | 1,375 | 1,517 |
| Total resources expended | 86,844 | 69,673 |
| Net expenditure | (15,929) | (5,853) |
This page does not form part of the statutory financial statements
Page 13