E-sign ID: lf14¢16&b4IeI.9687-lS649bf3e24 Charity registration number: 100107 Inverbrena Community Association Financial Statements Year Ended 31 March 2024 KPS Chartered Accountsnts Chartered Tax Advisers Registered Auditors 35 Irish Street Downpatrick 8T30 6BW
E-sign ID.. 1ff4c163-t)thd4fe1-9687-15649dbf3924 Inverbrena Communlty Association Financ5al Statements Year ended 31 March 2024 Contents Page Charrty Reference and Administrative Details Trustees, Annual Report Independent examiner's report Statemenl of Financial Activities Balance Sheet Notes to the Financial Statements 10-14
E.Sign ID.. 1ff4c16&btsd4fe1-9687.15649db13e24 Inverbrena Community Association Charity Reference and Administrative Details Year Ended 31 March 2024 Charity registration number 100170 Management Committee John Hanna {Chairperson) Joan Magee (Treasurer) Mary Kearney (Bookings) Christina Molkin (Secretary) Eamon Quinn (Vice Chairperson) Sally Hanna Vincent Bent Roy Molkin Frieda Sharvin Accountants KPS Chartered Accountants Chartered Tax Advisers Registered Auditors 35 Irish Street Downpatrick BT30 6BW Bankers Danske Bank
E-sign ID.. 1ff4C16&bdcd4fe1.7.7s849dtsf3e24 Inverbrena Community Assoclation Year Ended 31 March 2024 Trustees, Annual Report The Truslees Present their annual report and the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions ofthe Statement of Recommended Praclice {SORP) 'Accounting and Reporting by Charities. (FRS 102) in preparing the annual report and financial statements of the charity. Trustees of the charity The trustees who have served during the year and Sin the year end were as follows: John Hanna (Chairperson) Joan Magee (Treasurer) Mary Kearney Margaret Qrr Janette Bradshaw Objectives and activitles To relieve poverty, sickness in the aged and to promote the benefit of the inhabitants of Strangford and the district area of Co Down and its environs without distinction of age, sex, race, political, religious or other opinion, by associating the statutory authorities. voluntary organisations and inhabitants in a common effort to advance education, and to provide facilities in the interests of social welfare for recreation and leisure time occupation, with the objective of improving the conditions of life for said inhabitants. We provide a cross-community hall with facilities to enable the provision of social services, educational and recreational activities. We provide this on a non-profit basis run by unpaid volunteers for the benefit of the public. Inverbrena Community Association has been set up to manage a village hall located in Strangford village. The Trustees of the Diocese of Strangford and Kilclief provided the trustees of the Inverbrena Community Association with a fifty-year lease at a peppercorn rent. The hall is managed by a committee of local people who come from the local area. This committee oversee the daily running of the hall, providing maintenance and cleaning on a non-payment basis. The hall is used by children, young people, adults and older people who come mainly from the local area. The hall is open seven days a week and is used by many sporting groups as well as local schools and voluntary groups who use the hall to deliver many activities attracting children, young people, adults and older people. Our funding is provided by donations, organisation of fundraising events, charging for use ofthe hall and the organisation of a monthly draw. We also receive a small maintenance grant from Down District Council which allows us to keep our fees at a level our users can afford. Public benefit statement The charity has given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the activities entered into during the year have helped to achieve the charity's objectives and activities as well as providing public benefit.
E-S5gn ID.. If14¢163.bdcd4fe1-9687.15649db13e24 Inverbrena Community Association Year Ended 31 March 2024 Trustees, Annual Report Achievements and performance The Trustees of the Inverbrena Communty Association report another successful year in 2023124, the Management committee continued with monthly meetings with minutes taken, agreed and signed. Al the Annual General Meeting in March officers were elected and financial reports made public and it was pleasing to have new personnel join the Management Committee , The centre continues to develop a variety of educational and social activities. Unfortunately, the Educational Authority have reviewed their policy on Youth provision in rural area's. The Youth Club has not restarted in the area. Efforts to restart small scale youth activities by the Education Authority have failed and the Authority report that this is a concem in lowns & villages in the Lecale Area and further meetings are planned to try to address the issue. The Centre continues to provide facilities for other youth groups {such as soccer and gaelic football training). The Committee continue to refurbish the centre when funds are available with the replacement of the main entrance door and fire doors at a considerable cost. Finances continue to be in a healthy state due to the continued support from the community and we are still able to provide free use of the centre to certain groups who suffered financially as a result of a reduction in public funding. Although this will be reviewed as we still function without grant aid from the local council NMANDD Service level agreement. We still believe that the objectives of the InVerbna Community Centre have been met. Centre usage remains high, we still try to develop new classes and occasional usage such as birthday parties. Sound financial management has enabled us to reduce our fees and with the maintenance boost, the fabric of the building ensures a safe environment. complying with the relevant health and safety regulations. We would like lo thank all who contribLrted to the success of Inverbrena and thank the local community for their support. Financial review (includlng reserves policy) The results for the year are set out in detail on pages 8 to 14. The charity had a net loss in the year of (£5,181) {2023'. (£298)). At 31 March 2024, the total funds of the charity amounted lo £77,278 (2023. £82,459) comprising restricted funds of £41,372 (2023.. £44,212) and unrestricted funds of £35,906 (2023. £38,247) Reseries Policy We continue our policy of sound financial control and charging sensible fees for centre use. This policy has enabled us to build up a healthy reserve giving us approximately one years running costs in reserve. Our reseNes are such that we can review the fees charged to regular users and reduce, if appropriate, as a loyalty gesture. Plans for future perlods Strict financial control will direct our fLrture plans. This will include the maintenance of the interior of the centre as well as necessary work to the building's exterior eg: fascia board and guttering. Refurbishment of the enlrance lobby is a priority. Provision of CCTV to enhance the security and personal protection of staff and patrons alike. Raising awareness of the centre A Facebook page was created and in tum has helped to promote and develop the cenlre. Developing opportunities in non-peak times for local schools and others is important. Wifi funding was secured and promoted using IT classes. A key aim of this is to develop youth participalion in the area. Structure, governance and management Inverbrena Community Association was buitt and opened in 1992. There are five Irustees and a management committee comprised of seven volunteers who manage the day to day running of the Centre supported by local volunteers on an ad hoc basis.
E-sign ID.. 1ff4c1&TrbdCd4lel-7-lS649db3e24 Inverbrena Community Association Year Ended 31 March 2024 Building and public liabilily insurance is obtained on a yearly basis with user groups required lo obtain their own activity insurance. User groups are also required to comply with current health and safety, child Protection, fire prevention and equality legislation. Monthly management meetings are held with minutes taken to ensure accurate records are available to interested parties. User groups can attend the monthly managemenl committee meetings to offer advice on certain issues. Our annual general meeting is held in February of each year and is advertised in the local press with all interested parties invited. At the meeting we present our annual accounls, a report on the past year and our plans for the future. We also invite comments and proposals for consideration on how to improve our service to the local area. Our management committee is small, represents the community and has seNed the community well. Recruitment of new members is difficult but is a feature of many voluntary groups. The present committee's work has enabled the community centre to provide a good service to the people of the Strangfordl Kilclief area. Trustees, responsibllltles statement The Irustees are responsible for preparing the Trustees, Annual Report and the financial slatements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Trustees. Annual Report The law applicable to charities in Northem Ireland requires the trustees to prepare financial statements for each financial year which give a twe and fair view of the slate of affairs oflhe charity and of the incoming resources and application of reSoUrS of the charity for that period, In preparing these 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 (FRS 102),. make judgements and estimates that are reasonable and prudent,. state whether applicable accounting standards have been followed, subject to any matenal departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasorsable accuracy at any time the financial position ofthe charity and enable them to ensure that the financial statements comply with the Charities Act (Northem Ireland) 2008, the Charities (Accounts and Reports) Regulations (Northem Ireland) 2015 and the provisions of Ihe trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 1010212025 Signed on behalf of the board of trustees on J Hanna IOIFeW2025 16..53.'38 J.L Mr John Hanna Chairperson
E.Sign ID.. lff4C1&3-bdCd.4f61-7-1S649dbf3624 Inverbrena Community Association Year Ended 31 March 2024 Independent Examiner's Report to the Trustees of Inverbrena Communlty Association I report on the accounts of the charity for the year ended 31 March 2024 which are set out on pages 3to14. Respective responsibilities of trustees and examiner As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act {Northern Ireland) 2008. It is my responsibility to: examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008., follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(bl of the Charities Act., and stale whether particular matters have come to my attention. Basis of independent examinerfs report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordan with the general Directions given by the Charity Commission for Northem Ireland under section 65(91(b) of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes 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 63 of the Charities Act 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of the Charities Act 4. That the 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 Northem Ireland. I h e found no matters that require drawing to your attention. KPS Chartered Accountants Chartered Tax Advisers Registered Auditors 35 Irish Street Downpatrick BT30 6BW Date: I /"/¥f
E4ign10.. 1lf4c16&bdcd-4fe1-7-l $649db13e24 Inverbrena Community Association Statement of Financial Activlties Year Ended 31 March 2024 2024 Unrestricted Restricted funds funds 2023 Total Total Note Funds Donations Charitable activities Income from generating funds Investment income Total income 731 11.713 3.179 2,049 2,780 11,713 3,179 10,671 7.619 3,735 15,623 2,049 17,672 22,025 Expenditure on: Raising funds Charitable activities Total expenditure 20,206 20,206 2,647 22,853 2.647 22,853 22,323 22,323 Net funds I Ideficit) (4,583) (598) (5,181) (298) Transfer from restricted funds 2.242 (2,341) (2,242) 12,840) {5,181) Net movement in funds Reconclliation of funds: Total funds brought forward 12 (298) 12 38.247 44,212 82,459 82,757 Total funds carried forward 12 35,906 41,372 77,278 82,459 All income derives from continuing activities. The statement of financial activities includes all gains and losses recognised in the year. The notes on pages 10 to 14 form part of these financial staternents.
E-&grs ID.. 11f4c16&b(kd41e1-9687-15649db13e24 Inverbrena Community Association Balance Sheet Year Ended 31 March 2024 2024 2023 Note Fixed assets Tangible assets Current assets Debtors and prepaymenls Cash at bank and in hand 61,859 66,224 10 3,800 13,941 17,741 1,506 16,945 1,526 Creditors: amounts falltng due within one year Net current assets Total assets less current liabilities Crèditors". amounts falling due after more than one year Net assets 77,278 82,459 77,278 82,459 Charity Funds Unrestricted funds Restricted funds Total charity funds 12 12 12 35,906 41,372 38,247 44,212 1010212025 Signed on behalf of the board of trustees on J HAnn8 101Feb12025 16:53.'38 Mr John Hanna Treasurer The notes on pages 10 to 14 forni part of these financial statements.
E.Sign ID.. 1tt4c16&bdcd41el-96B7.15849db13e24 Inverbrena Community Association Notes to the Flnanclal Ststements Year Ended 31 March 2024 Summary of slgnificant accounting policies (a) General information and basls of preparation 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,, Slatement of Recommended Praclice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (Charities SORP (FRS 102)). Charities Act (Northern Ireland) 2008 and UK Generally Accepted Practice. The charity does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A. 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 and rounded to the nearest The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise 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 designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions mposed 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 furKI. The aim and use of each restricted fund is set out in the notes to the financial statements. (c) Income recognition All incoming resources are included in the Statement of Financial Activities {SoFAI when the charity is legally entitled to the income after any perf0rrnan conditions have been met, the amount can be measured reliably and tt is probable that the income will be received. For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of perfomiance before entitlement can be 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. 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. Income from generating funds includes income earned from fundraising events. Income is received in exchange for supplying good5 and services in order to raise funds and is recognised when entitlement has occurred. The charity receives grants from the council in respect of mainienance and also received a grant for the Department of Finance in respect of the construction of the community centre. The notes on pages 10 to 14 form part of these financial statements. 10
E.Sign ID.. )f14c163-tthd41e1-9687-15649db13e24 Inverbrena Community Assoclation Notes to the Financial Statements Year Ended 31 March 2024 Income from govemment and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been mel, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. (dl Expenditure recognition All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there 15 legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligalion can be measured reliably. It is categorised under the following headings- Costs of raising funds includes draw expenditure.. Expenditure on charitable activities Incltjdes costs associated with running the cenlre Irrecoverable VAT is charged as an expense against the activity for which expenditure arose. le) Admlnlstration costs allocation Administration costs afe those that assist the work of the charily but do not directly represent charilable activities and include office costs and govemance costs. They are incurred directly in administration of the objects of the charity. ere administration 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 The analysis of these costs is included in note 5. (f) Tangible fixed assets Tangible fixed assets are stated at cost (or deemed cosl) or valuation less accumulated depreciation and accumulated impaimient losses. Cost includes costs directly attributable lo making the assel capable of operating as intended. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows.. Leasehold land and buildings Fixtures and fittings Office Equipment Straight line 20% reducing balance 150/0 reducing balance 19) Debtors and creditors receÈvable I payable within one year Debtors and creditors with no stated InteSt rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. Ihl Going concern The financial statements have been ppared on a going concem basis as the trustees believe 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 budgeted income and expenditure are sufficient with the level of reseNes for the charity to be able to continue as a going concern. The notes on pages 10 to 14 fomi part of these financial statements.
E-sign ID.. 1N4c16&bdcd41el.7-1s649dbI3e24 Inverbrena Community Association NotOS to the Flnanclal Statements Year Ended 31 March 2024 Income from donations 2024 2023 Gifts Grants 2,780 2,780 10,671 Income from donations and grants was £2,780 (2023.. £10.671). £2,04912023'. £8,771) was attributed to restricted funds and £731 {2023= £1.900) was attributable lo unrestrided funds. Income from charitable activities 2024 2023 Hall income 11,713 11,713 7,619 7,619 Income from charitable activities was attributable to unrestricted funds. Income from generating funds 2024 2023 Fundraising events - Draw income Other 3,179 3,735 3,735 Income from generating funds was attributable to unrestricted funds. S Income from investments 2024 2023 Bank interest received ncome from investments was attributable to unrestricted funds. The notes on pages 10 to 14 fomi part of these financial ststements. 12
E4ign ID: lff4c163-b(td4fe1-9687-1 $649db13e24 Inverbrena Community Association Notes to the Financlal Statements Year Ended 31 March 2024 Analysis of expenditure on charitable activities 2024 Total 2023 Total Administration costs Light and heat Insurance Repairs and maintenan Draw Prizes Cleaning Telephone & Intemet Accountancy Printing & Stationery Advertising Bank fees and interest Sundry Legal and professional fees Depreciation long leasehold Depreciation of office equipment Depreciation of fixture and fittings 2,283 2,182 8,065 2,400 1,900 322 518 2,283 2,182 8,065 2,400 1,900 322 518 2,838 2,173 7,563 2,400 1,398 60 492 60 48 50 60 48 50 126 53 3.573 46 1,406 22,853 3,573 46 1,406 22,853 3,573 54 1,593 22,323 £2,647 (2023: £4,931) of the above costs are attributable to restricted funds and £20,206 (2023= £17,392) were attributable to unrestricted funds Net incomel{expenditure) for the year Net incomel(expenditure) is stated after charging l {crediting)'. 2024 2023 Depreciation of tangible fixed assets 5,025 5,220 Independent examlner's remuneration The independent examiner's remuneration amounts to £518 (2023: £492). Tanglble fixed assets Land and buildings Flxtures and fittings Office Equipment Total Cost or valuation: At 1 April 2023 Additions Disposals At 31 March 2024 Depreciatlon: At 1 April 2023 Charge for the year At 31 March 2024 Net book value: At 31 March 2024 At 31 March 2023 178,649 34.869 660 422 213,940 660 178,649 35,529 422 214,600 119,100 28,499 1.406 29,905 117 147,716 46 163 152 741 122,673 55,976 59,549 5,624 6,370 259 305 61,859 66,224 The notes on pages 10 to 14 forni part of these financial statements. 13
E.Stgn ID.. 1tt4c163-bdcd41el-9687-15649db13e24 Inverbrena Community Association Notes to the Financial Statements Year Ended 31 March 2024 The net book value of land and buildings comprised: 2024 2023 Land and buildings: Long leasehold 55,976 55,976 59,549 59,549 10 Debtors 2024 2023 Debtors and prepayments 3,800 3,800 11 Creditors.. amounts falling due within one year 2024 2023 Accruals Payments in advance 676 850 1,526 656 850 1,506 12 Fund re¢onclliatlon UnrestrSGted funds Balance at 1 April 2023 Balance at 31 March 2024 Income Expenditure Transfers General funds 38,247 15,623 (20,206) 2,242 35,906 Restricted funds Balance at 1 Aprll 2023 Balance at 31 March 2024 Income Expenditure Transfers DFP Grant Newry Council DAERA 40,372 3,840 (2,242) 38,130 3,242 2,049 (2,647) 44,212 2,049 (2,647} (2,242) 41,372 Fund descrlptions a) Unrestricted funds Comprise funds that the trustees are free to use in accordance with the charity's objectives. c) Restricted funds Financial assistance was received from the Department of Finance & Personnel (DFP> for the constwction of the community centre and is released to unrestricted funds over the temi ofthe lease in respect of the property. Financial assistance was also received during the year from NM&DDC for assistance with heating costs and purchase of sports equipment. The notes on pages 10 to 14 forni part of these financial statements. 14