Douglas Bridge Cross Community Association Limited (Coinpany limited by guarantee) Trustees, report and financial statements for the year ended 31 December 2022 Registration number: NT040069 Northern Ireland Charity number: NIC100210 MeFarland Arnold & Co Chai'tered Accountants
Douglas Bridge Ci'oss Community Association Limited (Company liniited by guarantee) Contents for the year ended 31 December 2022 Page Legcil (ind adiniiiislrative iiifoi'iiiatioii Ti'ustees I'epoi'l Accoiiiitants, I'¢port Sic11ciiienl of fiiiaiicial activities Balaiicc sli¢¢t Notes to Ilic fii)aiicial slaleineiils 9-14
Douglas Bridge Cross Conimunity Association Liniited (Company lin]ited by guarantee) Legal and administrative information ror the year ended 31 December 2022 Legal Status Tl)c coiiipaiiy 15 a i)i'ivale liimiled coiiipaiiy, liiiiiled by guai'aiilLe, wliicli WLlS iiicol-poraled iiiidei- tlic CoiiipaniLS (Noi'lliei-11 Ii'elaiid) Oi'dcr 1986 111)dei' Rcgistralioii Niiiiiber N1040069. 11 is also i'ecogiiised as a cl)arily by HM Revci)ii¢ & Ciistoiiis uiidei. Refei'ci)ce Nuinbei- XR44866. Tlie coi))paiiy is a registei'cd cliai'ily willi tlie Cliai'ily Coiiiiiiissioii foi. Noi'tl)ci'n Ii'elaiid siiice 20 July 2016 iiiid¢i' I'egislratioii iiunibei- NICI 00210. Trustees Eileeii Diiffy Gei'aldiiie Boyce Edel McNulty R05einary Arbuckle (resigiied 13 Scpl¢n)bei- 2022) Roisin Deviiie Agiies Duffy Miclielle Flanagan Debbi¢ Gallaglier (i-esigned 13 S¢plembei- 2022) Edwai'd Siiiilli Registei'ed offi¢e nd biisines5 addi'e55 63-65 Camiis Road Douglas Bridge Sti'abane Co Tyi'one BT82 8QE Accouiitants M¢Farland Ariiold & Co Cliartei-ed Accountaiils 8 Main Street Newlowi)stewai'l Co Tyi'one BT78 4AA Bankei's Saiitaiider Custoniei. Service C¢iitre Bootle Mei's¢ystde L30 4GB Solicitors Babingion & Croasdaile 29 Patrick Sti'eel Sti'abane Co Tyrone BT82 8DQ Page I
Douglas Bridge Cross Community Association Limited (Coinpany limited by guarantee) Trustees, report for the year ended 31 December 2022 Tlie Ii'iislccs pi'eseiil tlieir I'eporl ai)d Il)c fiiiancial statemei)ts foi. tlie y¢ar elided 31 Dcceiiibei. 2022. Dii'ectors Ol¢cr$ of tlie cliarilable coinpany, known as dii'ectoi's for tlie puiyose of coiiipaiiy law ai)d Iruslees for Ili¢ purpose of cIIK11'ity law, wl)o served dui'iiig Ilie year aiid up to Ili¢ date of Iliis i'cpoi't al'e set out on page l of Ilie finai)cial stateinei)Is. Menibcr5 of ¢lie cliaritable COinP¢iliy giiaranlee to coiiti'ibiite ali anioiint not exceedii)g £1 lo Ili¢ assets of tli¢ charitable company in Il)e eveiil of wiiidiiig lip. Charitable objects Tlie cliai-itable conipany was establislied lo iinprove the conditions of life foi. tlie iiiliabilants of Il)e Douglas Bridge aiid Di511'ict Area. To acliieve Ili1% object, Ille cliarilable coiiipaiiy all$ lo advance ediicatioii ai)d provide facilities, in tl)e ii)leresl of social ivelfare, foi. recreatioii oi. otlier leisure-liiiie occiipatioii for Ilie iiil)cibitaiits of Il)e ai'ea. Tliey aini to cliieve Iliis Ilii-ougli pai'ticipalion of statutoiry bodics. voliiiilary oi'gai)isatioiis and iiideed il)e inliabilanls tlieiiiselves. Doiiblas Bi'idge Cross Coinjniinily Associatioii Liniiled is a I'egisler¢d charity willi (he Cliai'ity Cominissioii for Nortl)erii Ii'elai)d siiice 20 July 2016. iiiider regislralioii niiinbei- NIC100210. Organisational structure Tlie Iruslees iiieel regulai'ly, adiniiiisl¢r Ilie cliai'ity and iiiake all policy decisiojis. lii accordaiice with tlie Articles of Associatioii tlie iiiiinber of dii'ectoi's sliall not b¢ less than three, aiid oiie tliii'd ar¢ to retire eacli year in rolalion. Related parties I'l)e cl)arilable coimpany lias a veiy close I'elatioiiship witli Doiiglas Bi'idge Ci'oss Coin]ll]illY Association {l)ereafter knowii as tlie Associatioii), wliicli is also a cl)arity. The Associalton oi'gaiiises a rai)ge of comniuiiity social ai)d i-ecrealional aclivilics and li'ips for woineii, Ilie eldei'ly aiid cliildren. It also uiiderlakes vai'ioiis fiii)di-aisii)g events iii wliicl) to raise fui)ds for its own activities and that of tlie compaiiy. Tl)e directors of Ilie cliaritable coinpany are also coirnnill¢¢ ni¢nibers of the Association. Review of activities and achievenients Diii'ing Ili¢ yeai. Ilie cliaritable conipai)y coiilinued its woi'k witli cliildren Ihrougli tlie yoiiili club. Going concern Tlie consider¢d vieiv of tlie Ii'iistees is Ili¢il, after iiiakiiig enqiiiries. tl)ey liave a reasonable expectation that tlie cliarilable compaiiy will liave É?dequale resoiii'ces available lo finance its tradiiig and oilier obligations for tl)e fores¢cable futui'e. Tlie Iruslees are iiot aware of ai)y ev¢iils likely lo occur iii Il)e twelve nionil)s followii)g tlie d<qle of Il)e approval of Il)e financial staleineiils that tnay inipact oil Ilie Cliai'itable conipai)y's ability to coiitiIiiie as a goin&7 coiicei'ii. We believe that it is tl)erefore appi'opi'iale for Ille cliaritable coinpany's fiiiancial slaleineiits foi. Ilie y¢ai' elided 31 DcceIiiber 2022 to liave beeii prepai.ed oil a going concern basis. Reserves Tlic results foi. Ilie year al-e set oiil 01) page 6 of Ilie financial 5tateineiils. Tlie purposes of tlie fiii)ds al'e ouilii)¢d li) Ilie notes lo Ili¢ fiiiai)cial slatenienls. Investment powei's, policy and pei'formance Under Ilie fvlei)ioraiiduin and Ai-licles of Associatioii, tlie cliliritable coinpany lias Ilie powei. to iiiake any iiivestment wliicli tlie dii'ectors see fit. Page 2
Douglas Bridge Ci'oss Community Association Limited (Company limited by guarantee) Trustees, report for the year ended 31 December 2022 Governanee and internal control A slrat¢gy plllti for tlie cl)ai'ilable coiiipaiiy lid Douglas Bridge Cross Coinn)uiiily Associatioii lias bccii ¢onipiled by ali independent evaliiatoi.. Risks coiilinue lo be i-eviewed annually by dii'eclors. Volunteers The cliarilable coinpany is gr&l¢ful for tlie unstinting effoi'ts of its dii'¢ctoi's and otlier voliinl¢ers wlio Iiave contiiiiially supported tlie activities aiid Iiianagenienl of tlic cliai'itable coiiipany Il)rouglioul Il)¢ y¢ai'. As indicated in iiolc 7 10 Ilie rinancial staleineiils, Ilie directors wer¢ not ill receipt of aiiy reiiiuiiei'ation nor i'¢iinbiirseinent of exp¢ns¢s in respect of their services during Ilie year. Taxation Tlie chai'ilable coinpaiiy is accepted as a cl)ai'ity by HM Reveiiii¢ & Cvstoiiis uiider I'efei'cnc¢ XR44866 aiid tliei'efoi'e is exeiiipt froiii coi'poi'ation lax. Statement of trvstees, responsibilitles Tlie trustees ale i-esponsibl¢ foi. pi-epai'ing tlie Trustees, Repoi't and Ilie finaiicial slaieii)ents iii accoi'dance iviili applicable law and i-egulalioiis. Conipaiiy law and cliai'ity law reqiiires tlie trustee5 to pi'cpar¢ financtal stateineiils foi. eacli finaiicial year. Under Il)al law Ilie truslecs liave elected to preparc Ili¢ finaiicial staleiiients iii accordai)ce witli applicable law ai)d Uiiited Kiiigdoin Accoiiiiting Siaiidard5 (United Ki11gdoni Generally Acceptcd Ac¢ounliiig Practice) iiicluding 'AccouiiliIig aiid Reporliiig by Cliarities.. Statei)Ici)t of R¢conllneiided Pi'actice, (FRS 102 'Tlie Finaiicial Reporting Si<qndard applicable iii Ilie UK aiid Republic of Ir¢land'}. Under company law Ili¢ trustees iiiust not ai)prov¢ Ilie fiiiaiicial slateinents uiiless Il)ey are satisficd tl)at Iliey give a tiue aiid fair vi¢w of tlie state of affairs of Il)¢ chai-itable coi)Ipany ai)d of Ilie surpliis or deficit foi. tliat year. In prepai'iiig tli¢s¢ financial stateiiieiits, tlie trust¢es are required to: select suitable accounting policies and tlien apply Iheni consistently. Inake judgFein¢iils aiid esliinates Iliat are reasoiiable and prudent. stale wlielliei. applicable accounting standai'ds and slaleii)eiils of i'ecoii]nieiided pi'aclice liave beeii followed siibject to any deparlui'¢s disclosed aiid explained iii the fiiiancial slateinenls; and prepai'e tlie fiiiancial siat¢inents oli Ilie goit)g concern basis unless it 15 inappi'opi'ial¢ to presuiiie tliat tlic cliai'ity will continue in bu8ill¢SS. Tlie trust¢es are i-esponsible foi. keeping adequate accouiilii)g records tliat are sufficient to sliow aiid explaiii tlie cliarilable coinpany's ti'aiisactioiis aiid disclose with I'easonabl¢ a¢curacy at any tinie tlic financial positioii of Ilie cliaritable coinpany aiid enable tl)eim lo ei)sui'e tllat tlie fiiiancial slalen)eiils coniply with Ilie Compaiiies Act 2006 ai)d with tl)e Cliai'ilies Act (NI) 2008. Tl)ey are also i'esponsible for safeguai'diiig tlie assets of tlie charitable coiiipaiiy aiid l)ence foi. lakiiig r¢asoiiable steps foi. the prevei)tion atid delectioii of fraud aiid ollier ii'rcgulai'ilies. Accountants Tlie trustees recoiiiin¢nd Il)al McFai-land Ai-nold & Co ren)ain in office until fiJrili¢r notice. Page 3
Douglas Bridge Cross Community Association Limited (Company limited by guarantee) Trustees, report for the yeai. ended 31 December 2022 Special provisions relating to small companies Tl)is report lias beeii prepai'ed in accordaiice witli Sialei)ieiil of Recoirnneiided Pi'aelice.. Accouiiliiig and Reporliiig by Cliarilies (FRS 102) and in accordai)ce witli tl)e special pi'ovisions of Pai't 15 of Ilie Coinpanics Act 2006 relating to small enlilies. This report was approved by tlie trustees ori and sigiied oil its belialf by Signature: Name (in block capitals): Trustee Page 4
Douglas Bridge Cross Community Association Limited (Company limited by guarantee) Accountants, report on the unaudited financial statements to the trustees of Douglas Bridge Cross Conimunity Associatioii Limited for the year ended 31 December 2022 Iii oi'dei. to assist you to fiilfil youi. duties uiidei- Ilie Coi))panies Act 2006, Ive liave ¢oinpil¢d Ilie fiiiaiicilc I slatciiieiils lif Douglas Bi'idge Ci'oss Coniii)unity Associalioii Liimited foi. tlie year ci)ded 31 Deceiiiber 2022 as s¢1 out on pagcs 6 10 wliicli coiiipi'is¢ Il)¢ slaleiiieiit of fiiiai)cial acliviiies, Ilie balance slieel ai)d tlie I'elated i)otes fi'oiii tlie accouiiliiig records and iiiforiiialion aiid explaiiations yoii liaiTe given lo us. Tl)is report Is Imade to tlie company's boai'd of trustees, as a body, in accoi'dance witli tlie terms of oiir ¢ngagcmenl. Oui. work lias b¢eii underlakeii so tl)at we Inight compile tlie finai)cial slaleineiils Iliat we liave been engaged to coiiipilc, I'epoi't lo tlie company's boai'd of trustees Iliat we l)ave doiie so, aiid state tliose inatlers that wc liave agi'eed to state to Ihein iii Illi5 repoi't aiid for iio otl)¢r pci'soii. To tlie fiillest exlenl pci'niitled by law, we do not accept oi. assuiiie responsibility to anyoi)e olliei. tlian Ilje coinpaiiy and Ili¢ coiiipai)y's board of dir¢¢loi's, as a body, foi. oui. Ivork or for tliis report. Respective responsibilities of the and accountants You Iiave ackniowledged on tlie Balance Sl)eet for tlie year ended 31 Deceiiiber 2022 your I'espoiisibililies as coiiipany's trustees (wlio also act as dii-ectoi's foi. Il)e cliai'ilable activities of Doiiglas Bi'idge Ci'oss Coiminunity Association Liiiiited) foi. coinplying witli Ilie I'equii-enieiils of Ilie Act witli I'espect to aeeouiiting I'ecoi-ds aiid Ilie preparalioii of fii)ancial stateineiits. You coi)sider tlial Ilie cliai-itable coiiipaiiy is exeinpl fi'oiii tlie statutory requir¢ii)ei)t foi. Jii audit Iliis fiiiancial year. Scope of ivoi"k We liave carried out this eiigag¢n)ei)t in accoi'dance witl) guidaiice issued by Cl)ai'lei'ed Accouiitai)ts Ir¢land aiid liave conipli¢d witl) tl)e Code of Eil)ics for Meiiibei's publislied by tli¢ instittilc I'elaliiig to Ineimbei-s uiidertaking Il)e compilatioii of finaiicial staleineiits. We liave not bee17 ii)slrucled lo cai'i'y out an audit of the accounts. For tliis reasoii, we liave not verified the a¢ciirA¢y or coi)Ipl¢l¢n¢ss of tl)e accounliiig i-ecords or iiifon)iation and cxplaiiatioiis you liave given lo lis aiid we do iiot, Ilierefoi'e, expi-ess aiiy opiiiion oil 11)e fiiianeial stateinenls. -L"(_(ooI A r-aKd L Chartei'ed Accountants Dated: L La"L McFarland Arnold & Co Chartered Accountants 8 Main Street Neivtoivnsteivart Co Tyi'one Page 5
Douglas Bridge Cross Community Association Liniited (Company limited by guarantee) Statement of financial activities for the year ended 31 December 2022 Uni'estricted Resti'icted funds funds 2022 2021 Total Total Notes Incoming resources Graiils DonLItioi)s 4,527 4,527 4,195 500 Total incoming resources 4,527 4,527 4,695 Resources expended Watei. l'ates Insurance Ligl)l and l)Lal Repaii-s aiid Inaiiil¢i)aii¢e Telephoiie and inlei'net acce5S Suiidry equipiiiei)t and youll) cliib activity expenses Accouiitancy fees General expenses Doi)atioiis to Association Deprecialioii 306 1,308 ,255 306 1,308 1,255 249 ,299 735 220 647 739 426 54 300 1,098 803 727 420 20 803 727 420 20 ,098 1,098 To(al i-esoiii'ce5 expended (5,937) (5,937) (5,767) Nel incoming resoiirces befoi'e ti'aiisfer5 (5,937) 4,527 11,410) (1,072) Transfei's betweeii funds 6,053 (6,053) Net movement in lunds (1,526) (1,410) (1,072) Total fui)ds broiighi fonvai-d 15,205 45.790 60,995 62,067 Total funds carried foi'ivard 15,321 44,264 59,585 60,995 The note5 on pAges 9 to 14 foi'm an integral part of these finan¢iAI statements. Page 6
Douglas Bi"idge Cross Commuiiity Association Liinited (Coinpany limited by guarantee) Balance sheet as at 31 December 2022 2022 2021 Notes Fixed assets Taiigible assets 56,852 57,950 Current assets Debtors Casli at bank and in liand 1,066 2,282 949 3,170 3,348 4,119 Creditors: amounts falling due Ivithin one year 10 (615) {1,074} Net current assets 2,733 3,045 Net assets 59,585 60,995 Funds Unrestricted funds Restricted fuiids 12 13 15,321 44,264 1 S,205 45,790 59,585 60,995 Tlie con)paiiy is I'egislcred as a pi-ivate liinited conipaiiy iii Noi'Lli¢rn Ir¢laiid uiidei. Regislratioii Nuiiibei. N1040069. Tl)e trustees, slateineiits i-equii'ed by Sectioii 475 (2) and (3) al-e sliown oil Ilie followiiig page wliicli forills pai'l of Iliis Balai)ce Slieet. The notes on pages 9 to 14 form an integi'AI part of these finAncial statements. Page 7
Douglas Bridge Cros5 Community Association Limited (Company limited by guarantee) Balance sheet (continued) Trustees, statements required by Section 475 (2) and (3) for the ye2r ended 31 December 2022 In appi'oviiig these financial slaleiiients as li'iisl¢cs of Ilie cliai-it<iblc coiiipany w¢ liereby confirni.. la) tliat for tlie y¢ar stated above tli¢ cliai'il(Ible coii)pany wa5 entitled lo 11)e exemption conferred by Section 477 of tlie Coiiipaiiies Act 2006 (b) Iliat iio iiolice has been deposited at IlTre regislei'ed office of Ilie chtti'ilable COlllPLiny pursiianl lo Section 476 of Il)e Con)paiiies Act 2006 r¢qucstiiig Ilial ali audit b¢ coiidLlCted toi. Ilie yeai. ended 31 Deceiiiber 2022 and Ic) Iliat we ackiiowledge oui. respoi)sibilities for.. ( l ) ensiiriiTrg 11)al tlie cl)ai'itablc coiiipaiiy keeps a¢¢ountiiig records wliicl) coiiiply willi Section 386 of Ille Companies Act 2006, and 12) preparii)g finaiicial slalein¢nls whicl) give a true and fail. vieiv of the stale of affaii's of tlie cliaritable coimpany as at tlie eiid of tlie finaiici<il year ai)d of ils sui'pliis oi. deficit foi- tlie year tliei) elided in accordaiice willi the requircments of Sectioii 393 of Ilie Coillpanies Act 2006 and wliicli ollierwis¢ coinply willi Ihc pi'ovisions of tlie Conipai)ies Act 2006 rclalii)g to financial slalenicnls, so far as applieabl¢ lo Ilie cliai'ilable coinpany. Tliese finaiicial slaleiiienls are pi-epared in accoi'dai)ce willi Ilic Stale2nenl of Recoiiiiiiendcd Pi'actice: Accountiiig aiid Repoi-linLY by Cliai'ities (FRS 102 'Tlie Fiiiancial Repoi'ling Staiidai'd applicable iii the UK aiid Republic of li'eland,) and iii accordaiice willi Ilie special provisions of Parl 15 of the Coinpanies Act 2006 applicable to coinpaiiies subject lo Ili¢ siiiall coinpaiiies regiiiie. Tlie fiiiaiicial slal¢inenls ivere appi'ov¢d by Ihc Board on 21 L.L3 ai)d sigi?ed on ils b¢lialf by Sigiiatur¢'. Sigiiatui-e.. Name (iii block capilals).. Name (in block capitals).. Trustee Trustee The notes on pages 9 to 14 form an integral part of these financial statements. Page 8
Douglas Bridge Ci'oss Coniniunity Association Liniited {Company limited by guarantee) Notes to the financial statements for the yeai. ended 31 December 2022 General inlorniation Tl)e conipaiiy 15 a private liiiiited COlllPLllly, liiiiited by guaraiile¢, wliicl) was incoi'poi'aled iiiider tli¢ Coiiipaiiics (Noi'lliei'ii Ii'elaiid) Oi'dei. 1986 iiiider Registi'alion Nuiiiber N1040069. 11 is also recogiiiscd as a cl)ai'ity by Ili¢ HM Reveiiiie & Cusloiiis linder Refei-eiice Nuiiibei- XR44866. Tlic coinpaiiy is a I'egisl¢i'ed cliarily witli Ilie Cliarity Coiniiiissioii foi. Noi'iliern Ii'elai)d since 20 July 2016 iiiidei. registratioii i)iiinber NIC10021 O. Tlie addi'es5 of Ilie I'cgislei-¢d office is 63-65 Caimus Road, Douglas Bridge, Sirabaiie, Co Tyroiie, B T82 8QE. Statement of compliance Tliese fiiiaiicial slaleineiils Iiave bccn prepared in coiiipliance willi Accouiiling aiid Reporting by Cliarities: StateiM¢nl of Recoiiitiiended Practice (FRS 102, 'Tli¢ Fii)ancial Reporlii)g Siandai-d applicable iii tlie UK ai)d Ilie Republic of Ii'elaiid,) and in accordance witli the Coiiipanies Act 2006. Accounting policies 3,1. Basis of pi'epai'atlon Tlie fiiiaiicial slat¢ineiits are pi'epai'ed under tlie liistorical cost coiiveiitioii ai)d iii accordaiice with Accouiitiiig and Rcporling by Chai'ities.. Slateiiient of Recoini)i¢nd¢d Practice (FRS 102, 'Tlie Fiiiafft)cial Repoi'tiiig Slaiidard applicable iii Ilie UK aiid the Republic of li'¢land') Tlie cliai'ity lias taken advantage of tlie exeinptioii iii FRS 102 Sectioi) IA fi'oni tlie i'equii'¢nieiil lo pt-odiice a casliflow slateiiient because it is a siiiall cliurity. The presentatioii ¢iiri'ency of tliese finai)cial stateiiieiils is stei'lii)g. 3.2. Incoming resources All iiicoiiiiiig resoui'¢¢s are iiicluded iii Ilie slatenieiit of finaiicial activities wliei) Ilie cl)ai'ity is entitled to Llie incoine aiid the ainouiit cali be quai)tified witl) I'easoi)able aecui'acy. Tl)e folloiving specific policies al-e applied to particular categoi-ies of iii¢oiMe'. Voluntary incoine is received by way of gi'ants, donatioiis ai)d gifts aiid is iiicluded ill 11 iii tlie staten)ent of financial activitie5 wlici) i'eceivable. Graiils wliere eiititleiii¢i)t is iiot conditioiial on Ilie delivei'y of a specific perfoi'inance by Ilie chai'ily, are i-ecognised wl)eii tl)e cliarity be¢oines ui)condilionally entitled to the grant. Doiiated services and facilities are ii)cluded al the valu¢ to tlie cliai'ity wliere this can be quantified. Tlie valuc of seivic¢s pi'ovided by volunte¢iE l)as not been included. 3.3. Resoui'ces expended Resources ¢xp¢iided al'e recognised iii tlie yeai. iii wliich tliey are ii)cui'r¢d. Support costs ar¢ those costs iiicui'i'ed directly li) siipport of expenditure on the objects of Ilie rily aiid iiiclude pi'oject mai)ageinenl. Page 9
Dougl&s Bridge Cross Coniinuiiity Association Liinited (Company limited by guarantee) Notes to the financial statements for the year ended 31 December 2022 3.4. Tangible I'ixed assets and depreciation Tic ngible fixed assets ¢0s1iiig Imoi-e than £ 100 are capilaliscd and iiicluded at Il)eir piii'cl)ase Costs, togeil)¢i- willi aiiy iiicidenlil expenses of acqui51tion. Depi'ecialion is pi-ovidcd at l'ates calculated lo wi-ite off Ili¢ cost less i'¢sidiial value of ei¢ cli asset ovei- its exp¢cted iisefiil lif¢, as follows.. Laiid Buildings Fixtui'es, fillings aiid eqiiipnienl Nil Siraighi liiie over So y¢ars slraiglil line over 5 years Tlie carryiiig values of tangible fixed ass¢ls are i'eviewed awiiially foi. iiiipaii'ineiit, if eveiils or chat)ges in circuinstaiiccs iiidicale tl)e Carryiiig value iiiay not bc recoverable. 3.5. Fund accounting Um'esli'icted fuiids relale to &Feiiei-al fui)ds wl)i¢li are available foi- Iise al Ilie discretion of tlie trustees in fui'll)ei'aiiee of Ili¢ geiiei'1c l objectives of Ilic cliai-ity aiid wliicli Iiave not been desigiialcd foi- other purposes. Reslricled fuiids al'e fiinds wliicli al'e to be used in accordaiice witli specific restrictions iinposed by donors or Ivliicli Iiave been i'aised by Ilie cliarity for pai'licular purposes. Tli¢ cost of i'aising and adiniiiisleriiig such fviids are cl)ai-ged against Ilie specific fund. The aini aiid use of eacli restricl¢d fiTiid is set out in tlie notes to the financial staleincnls. 3.6 Taxation Tlie coinpany is I'egistered AS a chai-ily foi- lax purposes uiider reference iiuinber XR44866. As a cl)ai-ily, Douglas Bridg¢ Cross Coiiiniui)ity Association Liniiled is exeii)pi fi'oiii lax on incoine and gaiiis fall ing witliin Sectioii 505 of11)L Taxes Act 1988 01. Se¢lioii 256 of Il)e Taxatioi) of Cliargeable Gaiiis Act 1992 10 Ili¢ ¢xtei)I Iliac these are applied to ils cliarilable objects. No lax cliai'ges have IlieJ'efoi'¢ ai'isen for the conipaiiy foi. Ilie yeai. ended 31 December 2022. 3.7 Impairment A I'eview for iiidi¢81oi's of iinpairn)eiit is ¢ai'ried oiit at eacli I'eporlii)g dale, willi Ilie i'ccovei'able amount being esliinaled H,liere sucli indicators exist. Wllere tlie carryiiig valu¢ exceeds Ilie i'¢coverable aiiiount, Ili¢ asset is 1impaii.ed ac¢oi'dingly. Pi-ioi- impairin¢nls are also i-eviewed foi. possiblc revei-sal al eacli reporting date. Wlieii it 15 not possible lo eslinialc Ilie I'ecoverable aniouiit of an iiidividual ass¢l, an estimate is inade of tlie I'ecoverable anioiinl of Ilie casli-generatiiig lliiit to wliicli th¢ asset belongs. Tlie cash-gciieraling unit is tlie sii)allest identifiable group of asscls tlial includes Ilie asset and generates ¢asli inflows Iliat are lai'gely independent of the casli iiiflows froni otliei. assets oi. gi-oiips of assels. Page 10
Douglas Bridge Ci'oss Conimuiiity Association Limited (Coinpany liniited by guayantee) Notes to the financial statements for the year ended 31 Decen]ber 2022 Financial ins¢ruinents A finai)¢ial <issel oi. a filiaiicial liability is I'ecognis¢d oiily wlicii tl)e coiiii)aiiy becoii)es a pai'ly lo Ilic conli'acliithl provisiot)s of tlie iiisli-uin¢iil. Basic fiiiaiicial iiistili1entS al'e initially recogiiised at Il)e ti'ansaction pi-icc, unless Il)e ari'ai)gciii¢i)t coi)slitu¢cs a financiiig Irai)sactioii, wliere it is recogiiis¢d at Ihe preseiit value of th¢ futtire payimenls dis¢oviiled al a Iiiai'ket rate of iiiterest for a sii)iilai- debt in51run)¢nt. Debi instruiiienls al'e 5ubseqiieiitly Ineasiired at aniorlised cost. Financial assets dlat al-e ineasured at cost oi. aiiioLlis¢d cost are reviewed for objective evideiice of iinpaii'iiiei)t at Ilie eiid of eacli repoi'tiiig date. If tliei'c is objective evideiice of inipairiiienl, ali iinpaii'inent loss is recognised in pi'ofit or loss iinniedialely. Foi- all equity iiislruiii¢nls regai-dless of sigiiificaiice, ai)d otl)ci- finaiicial assets Iliat are iiidividiially 5igi)ificaiit, 11)ese are assessed individually foi. iinpaii-lnenl. Otli¢r finaiicial assecs or either assessed individually or gi'ouped on the basis of siiiiilar Credit i'isk cl)ai'acl¢ristics. Any reversals of inipairm¢iit are recogiiis¢d in profit or loss iiillii¢diat¢ly, lo tlie extent Iljat d)e i'eversal docs iiol result in a cai'iying aniouiit of die finaiicial asset tlial excccds wlial tlie cari'yiiig ainounl would llave bcen liad Il)c iinpaii'ni¢iil not previously bc¢n recognised. Grant income Resti'icted funds 2022 2021 Dei'ry City & Sirabai)e Disti'ict Council Ediicatioii Authority 4.527 4,527 2,000 2,195 4,527 4,527 4,195 Net movement in funds 2022 2021 Net Inoveineiit in funds is slated after cliargitig.. Depreciation aiid otlier ainounts wrillen off tangible assets 1 ,098 1,098 Traiisfer between funds.. Release of revenu¢ aiid capital gi'aiits 6,053 5,721 Pagell
Douglas Bridge Cross Community Association Limited (Company limited by guarantee) Notes to the financial statements for the year ended 31 December 2022 Employees Nuinber of employees 2022 Nunibei. 2021 Number Tlie avei'age nionilily niiinbers of en)ployees (incliidiiigl Ilie Ii'uslees) diiring Ilic year wei'e.. Trustees, einoluments Tlie ti'iistees iieiili¢i' i'eceived iior waivei'ed any einolliiiienls diiring Ilie year. Land aiid buildings freehold Fixtures, rittings and equipnient Tangible fixed assets Total Cost At l Januaiy 2022 Ai 31 Deceniber 2022 79,910 9,215 89,125 Depreciation Ai l Januai'y 2022 Cl)ai'ge for 11)e year 21.960 1,098 9,215 31,175 1,098 Ai 31 Decenibei. 2022 23,058 9,215 32,273 Net book values At 31 Decenib¢r 2022 56,852 56,852 Ai 31 Decenibei. 2021 57,950 57,950 Debtoi's 2022 2021 Prepayniciils and acciiied iiicom¢ ,066 949 Creditors: amoiints lalling due Ivithin one yeai. 2022 2021 Accriials aiid deferi'ed ii)coiiie 615 1,074 Page12
Douglas Bridge Cyoss Community Association Limited (Company limited by guarantee) Notes to the financial statemeiits for the year ended 31 December 2022 Analysis of net assets behveen fiinds Uni'estricled Restricted funds funds Total funds Fuiid b&laiices al 31 Deceiiiber 20?2 as r¢pr¢seiited by= Tangible fixed as5els Ciiri-eiit assets Current liabilities 12,588 3,348 (615) 44,264 56,852 3,348 (615) 15,-321 44,264 59,585 12. Unrestricted funds l JanuAry 2022 Outgoing Transfers 31 Decembei. 2022 Geiieral fvnd 15,205 5,937 6,053 15,321 15,205 (5,937) 6,053 15,321 Purposes of unrestricted funds GeiJ¢ral fiiiids are fi]Iids wSiicli ai'¢ available foi. use at Ilie dis¢retioJi of Ilie direcloi's in fiirtlieraiice of Ilic geiieral objectives of tlie cliai'ity aiid wl)icl) liave iiot b¢¢ii desigiialed foi. otl)er pui'pos¢s. 13. Restricted funds l January 2022 Incoming Transfers 31 December 2022 Neuti'al venue Dei'i'y City & Slrabaiie Dis11-ict Council 45,790 (1,526) (4,527) 44,264 4,527 45,790 4,527 (6,053) 44,264 Purposes of restricted funds Restricted fiiiids are fiuids wliicli are lo be used iii accordance with specific i'esli'ictions iniposed by doiioi's oi. wliicli Iiave been raiscd by the cliarity foi- pai'ticulai. pui'poses. Tlie cost of raisiiig and adininistei'iiig sucli fuiids is charged agaii)st tlie specific 1]d. The aiiii aiid use of ea¢l) restricted fuiid is sel out in tlie note above. Restricted fuiids r¢late lo the cos15 of buildiiig aiid pui'cliasii)g eqiiipnieiit for Douglas Bi'idge Ci-oss Coniniiii)ity Ceiitre togetlier witl) specific pi'ojecls as i)ot¢d above. Grat)15 1'¢ceived dui'ing tlie ycar ar¢ outliiied iii note 4 of tli¢ fiiiaiicial stateiiienls. Page 13
Douglas Bridge Cross Conimunity Association Limited (Coinpany liniited by guarantee) Notes to the financial statements for the year ended 31 December 2022 14. Related party transactions Tlie cliarilable coinpai)y lias a very clos¢ relalioiisliip with Doiiglas Bridge Cross Coiiiiiiiinity Association (l)¢i'eaftei- kiiowii as Ilie Associalioii), wliicli is also a cliai-ity. Tlie Association oi'ganises a I'aiige of coinniui)ity social aiid I'eci'eational activities aiid Ii'ips for woin¢ii, Ilie elderly ai)d cliildreii. It 411so uiidei'lakes vai'ious fiii)draising evet)Is iii wliicli to raisL ndS foi. its own aclivilie5 and Iliat of Ilie cl)ai'ilable coinpany. The dirccloi's of Ilie cliai'ilable coinpaiiy al'e also Col1)111ee inembei's of Ilie Assoeialioii. 15. Ti'ansrdetions Ivith trustees Tl)¢ Irustccs attend ineetings aiid carry out tlie biisiii¢ss of die cl)aril&ble coiiipai)y on a voluntai'y basi5. 16. Going concern Tlle considered view of Il)e tiiislees is tl)at, afici. iiiakii)g enqiiii'ies, Iliey liavc a reasonabl¢ cxpectation Il)al Ilie Charitable coiiipany will Iiave adequate resoiirces available lo fiiiancc ils Ii'adiiig ai)d otliei- obligations for Ilie foi'eseeable future. Tl)e trustees ai'¢ not awai'e of aiiy eveiit5 likely lo occur in tlie twelve Inonil)s following tlie dale of tlie Appi-oval of tlie financial slaleineiits Iliat Inay iinpacl on tlie charitabl¢ coinpany's ability to continiic as a goiiig concei'n. We believe tlial it is Iliei'efore appropi'iate foi. tlie cliarilable conipany's financial slatcments for Ilie yeai- ended 31 Deccniber 2022 to have b¢¢ii pi'epared on a goiiig concern basis. 17. Legal status Tl)c coinpany is A coinpany liiiiited by giiaranle¢, l)avillg no sliare capital. Tlie liability of Il)e ikneinbers in the eveiil of wii)diiig up is l iiiiiled lo £ I 18. Chai'ity c0mission for Northern Ireland Douglas Bridge Ci-oss Coinii)iiiiily Association Liiiiited is a registered ¢liarity witl) tl)¢ Cliarity Coillniissioii for Noi'lliei-ii Ii'elaiid since 20 Jiily 2016, iindei. i-egisti'alion niimbei. NIC100210. Page 14