E-sign ID: lf14¢16&b￿￿4IeI.9687-lS649￿bf3e24
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

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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 InVerb￿na 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.

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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 reSoUr￿S 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

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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 Inte￿St 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 p￿pared 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