NORTH BALLYMENA COMMUNITY CLUSTER ATEMENT NT F FINAN IALA E PERI D ENDE TIE IN l March 2 DING INC ME& PENDI Note Unrestricted Funds Re5trirted Funds Total Total Funds Funds 3110312020 3110312019 Incomin urces Grants recelved Donations Income from activities for generating funds 17,724 4,140 17,724 4,140 853 25182 7257 1738 853 Total Incoming Resources 853 22,717 34177 urces Ex Charitable activities Transfers io 367 21,497 367 21,507 33667 Total Resources Expended 357 Net Movement in Funds 510 The notes on pages 9 to 13 forn an integral part of these financial statements
NORTH BALLYMENA COMMUNITY CLusfER BA HEEr AT l M rch 2020 Note 2020 2019 Current Assets Debtors Cash at bank and in hand 4,687 6,149 10,836 5182 12053 Creditors Amounts Falling Due Within One Year 3,442 3,42 1,015 Net Current Assets 9,821 8,611 Net Assets 9,821 8611 Represented by: Restrirted funds Unrestricted funds 9,821 8611 9,821 8611 These accounts have been prepared in accordance with the Ststement of Recommended Practice for Charities, accounting and reporting under UK Generally Accepted Accounting Practice Approved by the board and signed on its behalf by: Date: Ilth January 2021 Mr Bar North Ballymena Community Cluster Secretary The notes on pages 9 to 13 form an integral part of these financial Statements
NORTH BALLYMENA COMMUNITY CLusfER NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 March 2020 Accounting Policies Basis of preparation The financial statements have been prepared under the historical cost conventlon and in accordance with the Statement of Recommended Practice for Charities (SORP). Fund accounting policy Unrestrirted income funds are general funds that are available for use at the trustees. discretion in furtherance of the objectives of the company. Restricted funds are those donated for use In a particular area or for specific purposes, the use of which is restritted to that area or purpose. Incoming resources Grants that provide core funding or are for specific projects are released to the income and expenditure account as the related expenditure is incurred. Donations comprise amounts receivable during the year. Resources expended Liabilities are recognised as soon as there is a legal or construrtive obligation committlng the company to the expenditure. All expenditure is accounted for on an accruals basis. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities. Support costs represents overhead costs attributable to the furtherance of the objects of the charity. Management and administration includes all other expenditure not directly allocated above. Golng concern From the early part of this year the Covid-19 health crisis has spread across the globe and in addition to the enormous impact on human health, it has also caused severe economic disruption. However throughout the health crisis Mid & East Antrim Borough Council has continued to support the work of North Ballymena Community Cluster. The financial statements have thus been prepared on a going concern basis. The trustees have assessed a period of 12 months from the date of approving the financial statements wth regard to the appropriateness of the going concern assumption in preparing the financial statements and speclfically in light of the significant post balance sheet event of Covid-19, as detsiled in Note 10. The trustees note that and believe that the company will continue as a going conrn and be able to realise its assets and discharge its liabilities in the normal course of business.
NORTH BALLYMENA COMMUNITY CLUSTER NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 March 2020 Incoming Resour$ Unrestricted Restricted Total 2020 Total 2019 Grants reiVed Policing and Community Safety PartnershiD Lloyds Grant-lunch club MEA Council Good Relations - School Challenge Cooperation Ireland Mid & East Antrim Councll 66 66 1534 3500 17,658 17,658 20(M)O 17,724 17,724 25,182 Donations Donations-Ballymena North Partnershii 4,140 4,140 7257 Income from activities for Generating Funds Money from events 853 853 1738 853 853 1738 Total Income from Resources 853 21,864 22,717 34,177 10
NORTH BALLYMENA COMMUNITY CLUSTER NOTES TO THE FINANCIAL STATEmErs FOR THE PERIOD ENDED 31 March 2020 Resources Expended Unrestricted Restricted Total 2020 Total 2,019 Charitsble activities Policing and Community Safety Partnership Ballymena North Partnershlp Limited unit rental and room hire Accountancy MEA Councll Good Relations - School Challenge CO-OP Ireland Expenses claimed under Mid & East Antrim Borough Councll: Programme Co-ordination 10,592 Administration 1,860 Miscellaneous Expenses Programme costs Room hire Postage & Stationery Phone & Fax Insurance Internet expenses Bank charges Advertising & Publicity Lunch Club Expenses Senior Club Expenses Networkinglpublicity Travel Communlttee/Volunteer Exp Petty Cash Expenses 180 3,840 300 3,840 300 3,957 300 1,742 3,500 10,592 1,860 13,952 2,430 85 2,948 331 75 113 560 68 -10 205 1,210 1,825 33 844 107 70 654 108 70 654 108 492 2,569 33 31 492 2,570 33 31 142 21 Total Resources Expended io 21,507 33,667 11
NORTH BALLYMENA COMMUNITY CLUSTER NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 March 2020 Debtor5 2020 2019 Sundry Debtor5'. Grant finc0 4,687 5,182 Creditor5: Amounts Falling due Within One Year 2,020 2,019 Sundry CredOr$ Bank Overdraft 1,015 3,442 3,442 Analysi5 of Funds Opening Balance ReIved/ Receivable Transfer from Balance at Balance at Unrestricted 31 March 31 March Utilised funds 2020 2019 d Income Ballymena North Partrnehip Ltd MEA Counal Good Relations 4,140 66 4,140 -66 Mld & East Antrim Council 19120 -301 36 General Funds Unrestricted Income Funds 853 io 367 Total 8,611 22,717 21,507 9,821 8,61L Movement In Funds Openlng Incoming Outgolng Transfer from Balance Unrestrirted Resources Resources funds At31 At31 March 2020 March 2019 RestriLted Funds Unrestritted Funds 21,864 853 21,497 io {367) 367 9,821 12
NORTH BALLYMENA COMMUNITY CLUSTER NOTESTO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 March 2020 Taxation The Association is a registered charity and is, therefore, exempt from taxation 9 Trustees, Remuneration No trustee received any remuneration during the period. 10 Important non-adjusting events after the financial period The Covid-19 health crisis was declared as a pandemic by the World Health Organisation on 11 March 2020 and subsequent to this, the UK Government announced on 23 March 2020 the lockdown of all non-essential businesses and that the public must all stay at home to prevent the spread of the virus. However Mid & East Antrim Borough Council has continued to support the work of North Ballymena Community Cluster. In accordance with government guidelines the lunch club was cancelled from 31March2020 However the Cluster continued its aim of reducing social isolation, improving community infrastructure and improving community life for local people by offering online support and advi, keeping users up to date with restrictions and help available including digitsl help for those struggling with the technologyi information on safe local activities that respect social distancing and helping those that need it get access to free teaching resources and free e books and magazines amongst other resources. Given that the Covid-19 situation had not become an issue and had not had any measurable impact on the business operations at the financial year end point of 31 March 2020; the events that have occurred since the company's financial year end relating to the spread of the crisis are considered by the trustees to be non-adjusting post balance sheet events. Accordingly, the financial position and results of operations as of and for the year ended 31 March 2020 have not been adjusted to reflect their impact. It is currently not possible to reliably estimate the duration and economic severity of the Covid- 19 pandemic crisis coupled with the uncertainty of the duration of the measures imposed by the Northern Ireland Executive to try to deal with the health crisis. At the time of approving these financial statements it is difficult for the trustees to accurately determine how the company's financial position and results will be impacted by the Corona virus pandemic and as a result a reliable estimate of its financial effect cannot be made at this juncture. However as a coronavirus (COVID-19) vaccine has been developed and has been approved for use the impact of COVID19 may not be as great as feared. 13