E-sign ID.. 34ee6102-7cee-4741-bOb4-4(kdab8305f4 Charity registration number: 100107 Inverbrena Community Association Financial Statements Year Ended 31 March 2025 KPS Chartered Accountants Chartered Tax Advisers Registered Auditors 35 Irish Street Downpatrick BT30 6BW
E-sign ID.. 34ee6102-7cee-4741-bOb4-4(kdab8305f4 Inverbrena Community Association Financial Statements Year ended 31 March 2025 Contents Page Charity Reference and Administrative Details Trustees, Annual Report Independent examiner's report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 10-14
E-sign ID.. 34ee6102-7cee-4741-bOb4-4(kdab8305f4 Inverbrena Community Association Charity Reference and Administrative Details Year Ended 31 March 2025 Charity registration number 100170 Management Committee John Hanna (Chairperson) Joan Magee (Treasurer) Mary Kearney (Bookings) Christina Molkin (Secretary) Eamon Quinn (VI Chairperson) Sally Hanna Vinnt Bent Roy Molkin Frieda Sharvin (Deceased August 2025) Accountants KPS Chartered Accountants Chartered Tax Advisers Registered Auditors 35 Irish Street Downpatrick BT30 6BW Bankers Danske Bank
E-sign ID.. 34ee6102-7cee-4741-bOb4-4(kdab8305f4 Inverbrena Community Association Year Ended 31 March 2025 Trustees, Annual Report The Trustees present their annual report and the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (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 serrfed during the year and Sin the year end were as follows.. John Hanna (Chairperson) Joan Magee (Treasurer) Mary Kearney Margaret Orr Janette Bradshaw Objectives and activities 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 of the 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. Trustees, Annual Report Achievements and performance The Trustees of the Inverbrena Community Association report another successful year in 2024125. The Management Committee continued with monthly meetings, with minutes taken, agreed, and signed. At the Annual General Meeting in February. officers were elected and financial reports made public, and it was pleasing to have new personnel join the Management Committee.
E-sign ID.. 34ee6102-7cee-4741-bOb4-4(kdab8305f4 Inverbrena Community Association Year Ended 31 March 2025 The Centre continues to develop a variety of educational and social activities. Now that the Education Authority have reviewed their policy on youth provision in rural areas, the Youth Club has restarted in the area. Small-scale youth activities are scheduled by the Education Authority, and the Authority report that interest and attendan is building week on week. The Centre continues to provide facilities for other youth groups, such as soccer and Gaelic football training. We try to cater for a wide range of interests, such as Pilates, Yoga, Dance for Adults, Table Tennis, Bowls, Keep Fit, Over 50's Club, Men's Shed, meetings, and the addition of a snooker table for adult use. The Committee continue to refurbish the Centre when funds are available. with the replacement of the fascia board and guttering carried out this year 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 NMDD servi Level Agreement. We still believe that the objectives of the Inverbrena Community Centre have been met. Centre usage remains high, we still try to develop new classes. and occasional usage such as birthday parties has improved. 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 to thank all who contributed to the SucsS of Inverbrena and thank the local community for their support. Financial review (including 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 (£7,725) (2024.. {£5,181). At 31 March 2025, the total funds of the charity amounted to £69,553 (2024.. £77,278) comprising restricted funds of £38.477 {2024'. £41,372) and unrestricted funds of £31,076 (2024. £35,906). Reserves 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 year's running costs in reserve. Our reserves are such that we can review the fees charged to regular users and reduce them, if appropriate, as a loyalty gesture Plans for future periods Strict financial control will direct our future plans. maintenan plans include exterior work on the extemal paintwork, while refurbishment of the entran lobby still remains a priority, along with the replament of extemal doors. Promotion of the Centre continues through the Facebook page, which has helped promote and develop the Centre. Opportunities will be developed for non-peak times for local schools and others. Wi-Fi funding was secured and promoted through the delivery of IT classes. We will also engage to develop stronger links with other community groups in the Strangford l Kilclief area. Raising awareness of the centre A Facebook page was created and in tum has helped to promote and develop the centre. 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 participation in the area.
E-sign ID.. 34ee6102-7cee-4741-bOb4-4(kdab8305f4 Inverbrena Community Association Year Ended 31 March 2025 Structure, governance and management Inverbrena Community Association was formed in 1991, and the Community Centre opened in 1992. There are five trustees and a Management Committee comprised of nine volunteers who manage the day-to-day running of the Centre, supported by local volunteers on an ad hoc basis. Building and public liability insurance is obtained on a yearly basis, with user groups required to obtain their own activity insurance. User groups are also required to comply with current Health and Safety, Child Protection, Fire Prevention, and Equality legislation. Members of the Management Committee attend courses provided by the local authorities, such as Fire Warden. Health & Safety. and Management, and use the Rural Network for advice. User groups can attend the monthly Management Committee meetings to offer advice on certain issues, and copies of the minutes taken, to ensure accurate records, are available to interested parties. Our Management Committee is small and representative of the community and centre user groups, and it has served the community well. Recruitment of new members is difficult, but this is a feature of many voluntary groups. We are currently engaging with the Rural NeOrk to boost participation. The present Committee's work has enabled the Community Centre to provide a good seniice to the people of the Strangford l Kilclief area. Trustees, responsibilities statement The trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi). Trustees, Annual Report The law applicable to charities in Northern Ireland 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 charity and of the incoming resources and application of resources 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 material 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 reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008. the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. 2210112026 Signed on behalf of the board of trustees on J Hanna J& Mr John Hanna Chairperson
E-sign ID.. 34ee6102-7cee-4741-bOb4-4(kdab8305f4 Inverbrena Community Association Year Ended 31 March 2025 Independent Examinerfs Report to the Trustees of Inverbrena Community Association I report on the accounts of the charity for the year ended 31 March 2025 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 (Northem Ireland) 2008., 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" and state 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 wrth the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(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 there is further infomation needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have completed my examination and have no COnmS 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 have found no matters that require drawing to your attention. K Smyth Kyran Smyth KPS Chartered Accountants Chartered Tax Advisers Registered Auditors 35 Irish Street Downpatrick BT30 6BW Date: 2310112026
E-sign ID.. 34ee6102-7cee-4741-bOb4-4(kdab8305f4 Inverbrena Community Association Statement of Financial Activities Year Ended 31 March 2025 2025 Unrestricted Restricted funds funds 2024 Totsl Total Note Funds Donations Charitable activities Income from generating funds Investment income Total income 2,780 11,713 3,179 12,077 4,563 12,077 4,563 16,640 16,640 17,672 Expenditure on: Raising funds Charitable activities Total expenditure 23,712 23,712 653 24,365 653 24,365 22,853 22,853 Net funds l (deficit) (7.072) (653) (7,725) (5,181) Transfer from restricted funds 2,242 (4,830) (2,242) (2,895) (7,725) Net movement in funds Reconciliation of funds: Total funds brought forward 12 (5,181) 12 35,906 41.372 77,278 82,459 Total funds carried forward 12 31.076 38,477 69.553 77,278 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 fomi part of these financial statements.
E-sign ID.. 34ee6102-7cee-4741-bOb4-4(kdab8305f4 Inverbrena Community Association Balance Sheet Year Ended 31 March 2025 2025 2024 Note Fixed assets Tangible assets Current assets Debtors and prepayments Cash at bank and in hand 57,122 61,859 10 13,615 13,615 1,184 12,431 69,553 16,945 16,945 1,526 15,419 77,278 Creditors: amounts falling due within one year Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year Net assets 69,553 77,278 Charity Funds Unrestricted funds Restricted funds Total charity funds 12 12 12 31,076 38,447 69,553 35,906 41,372 77,278 2210112026 Signed on behalf of the board of trustees on J Hanna JL Mr John Hanna Treasurer The notes on pages 10 to 14 fomi part of these financial statements.
E-sign ID.. 34ee6102-7cee-4741-bOb4-4(kdab8305f4 Inverbrena Community Association Notes to the Financial Ststements Year Ended 31 March 2025 Summary of significant accounting policies (a) General infonnation and basis 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" 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) (Charities SORP (FRS 102)). Charities Act (Northern Ireland) 2008 and UK Generally Accepted Practi. 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 conrn 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 cUencY 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 imposed 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 fund. 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 (SOFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it 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 performance 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 goods and ServIS in orderto raise funds and is recognised when entitlement has occurred. The charity receives grants from the council in respect of maintenance and also received a grant for the Department of Finance in respect of the construction of the community ntre. The notes on pages 10 to 14 fomi part of these financial statements. 10
E-sign ID.. 34ee6102-7cee-4741-bOb4-4(kdab8305f4 Inverbrena Community Association Notes to the Financial Ststements Year Ended 31 March 2025 Income from government and other grants are recognised at fair value when the charity has entitlement after any perfomiance conditions have been met. 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. (d) 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 is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings: Costs of raising funds includes draw expenditure. Expenditure on charitable activities includes costs associated with running the centre Irrecoverable VAT is charged as an expense against the activity for which expenditure arose. (e) Administration costs allocation Administration costs are those that assist the work of the charity but do not directly represent charitable activities and include Offi costs and governan costs. They are incurred directly in administration of the objects of the charity. Vmiere 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 reSoUrS The analysis of these costs is included in note 5. (fj Tangible fixed assets Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset 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 2 % straight line 20 % reducing balance 150h reducing balan (g) Debtors and creditors receivable I 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 expenditure. (h) Going concern The financial statements have been prepared on a going concern basis as the trustees believe that no material UnrtaIntieS 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 reserves for the charity to be able to continue as a going conrn. The notes on pages 10 to 14 fomi part of these financial statements.
E-sign ID.. 34ee6102-7cee-4741-bOb4-4(kdab8305f4 Inverbrena Community Association Notes to the Financial Ststements Year Ended 31 March 2025 Income from donations 2025 2024 Gifts Grants 2,780 2,780 Income from donations and grants was £NIL (2024: £2,780). £NIL (2024: £2,049) was attributed to restricted funds and £NIL (2024: £731) was attributable to unrestricted funds. Income from charitable activities 2025 2024 Hall income 12,077 12,077 11,713 11,713 Income from charitable activities was attributable to unrestricted funds. Income from generating funds 2025 2024 Fundraising events - Draw income Other 4,563 3,179 4,563 3,179 Income from generating funds was attributable to unrestricted funds. 5 Income from investments 2025 2024 Bank interest received Income from investments was attributable to unrestricted funds. The notes on pages 10 to 14 fomi part of these financial statements. 12
E-sign ID.. 34ee6102-7cee-4741-bOb4-4(kdab8305f4 Inverbrena Community Association Notes to the Financial Ststements Year Ended 31 March 2025 Analysis of expenditure on charitable activities 2025 Total 2024 Total Administration costs Light and heat Insurance Repairs and maintenan Draw Prizes Cleaning Telephone & Internet Accountancy Printing & Stationery Advertising Bank fees and interest Sundry Legal and professional fees Depreciation long leasehold Depreciation of Offi equipment Depreciation of fixture and fittings 2.991 2,789 6.876 2,400 2,850 450 508 2,991 2,789 6,876 2,400 2,850 450 508 2,283 2,182 8,065 2,400 1,900 322 518 180 53 531 180 53 531 60 48 50 3,573 39 1,125 24,365 3,573 39 1,125 24,365 3,573 46 1,406 22,853 £653 (2024: £2,647) of the above costs are attributable to restricted funds and £23,181 (2024.. £20,206) were attributable to unrestricted funds Net incomel(expenditure) for the year Net income/(expenditure) is stated after charging l (crediting).. 2025 2024 Depreciation of tangible fixed assets 4,737 5,025 Independent examinerfs remuneration The independent examiner's remuneration amounts to £528 (2024: £518). 9 Tangible fixed assets Land and buildings Fixtures and fittings Office Equipment Total Cost or valuation: At 1 April 2024 Additions Disposals At 31 March 2025 Depreciation: At 1 April 2024 Charge for the year At 31 March 2025 Net book value: At 31 March 2025 At 31 March 2024 178,649 35,529 422 214,600 178,649 35,529 422 214,600 122.673 3,573 126.246 29,905 1,125 31,030 163 152,741 39 4,737 202 157,478 52,403 55,976 4,499 5,624 220 259 57,122 61,859 The notes on pages 10 to 14 fomi part of these financial statements. 13
E-sign ID.. 34ee6102-7cee-4741-bOb4-4(kdab8305f4 Inverbrena Community Association Notes to the Financial Ststements Year Ended 31 March 2025 The net book value of land and buildings comprised: 2025 2024 Land and buildings: Long leasehold 52,403 52,403 55,976 55,976 10 Debtors 2025 2024 Debtors and prepayments 11 Creditors: amounts falling due within one year 2025 2024 Accruals Payments in advance 984 200 1,184 676 850 1,526 12 Fund reconciliation Unrestricted funds Balance at 1 April 2024 Balance at 31 March 2025 Income Expenditure Transfers General funds 35,906 16,640 (23,712) 2,242 31,076 Restricted funds Balance at 1 April 2024 Balance at 31 March 2025 Income Expenditure Transfers DFP Grant Newry Council DAERA 38.130 3,242 (2,242) 35,888 2,589 {653) 41,372 (653) (2,242) 38,477 Fund descriptions 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 construction of the community centre and is released to unrestricted funds over the term of the 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 fomi part of these financial statements. 14
esign This t)(M[ent has bew Signed Tlh a Se¢U e¢ironi¢ $i4rtatya E-s. Envelope Details Inverbrena CTrnmunity ASsla0n YE 31.03.25 Author KPS linfo@kpstafX).ukl Envelope Crtated on Thu. 22 Jan 2026 12..57..10 Erwelope10 34ee6102.7cetr4741-bOb440cthb8305f4 Document Details Finanod Staternents YE 31.o3.25.kmlf.kr Dlgltal Nngarprlnt 691a4841b74a61.-57aId88elMj Documenl Signers S¢arJClick the QR C