Company No. NI 642518 Charity No: NIC100243
Ardoyne Association Financial Statements
For the Year Ended 31/03/23
A company limited by guarantee without share capital
Page 1
Ardoyne Association
| Information | |
|---|---|
| Chair | Marion Kane |
| Secretary | Anne Marie (Una) McRoberts |
| Treasurer | Marie Colman |
| Address | 111 Etna Drive |
| Belfast | |
| BT14 7NN | |
| Accountants | Insight Business Services |
| 53 Bernice Road | |
| Newtownabbey | |
| BT36 4QZ | |
| Bankers | Ulster Bank |
| Crumlin Road | |
| 171/175 Crumlin Road | |
| Belfast | |
| BT13 1FE |
Page 2
Ardoyne Association
| Page | |
|---|---|
| Trustees' Report | 4 |
| Accountant's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Trustees Statement | 8 |
| Notes to the Financial Statements | 9-11 |
Page 3
Ardoyne Association
Directors’ Report
For the Period Ended 31/03/23
The Directors present their report and financial statements for the period ended 31/03/23
Principal activity
The principal activity of the charity is to provide advice, welfare and charitable services, to promote community development in the Ardoyne area (the area of benefit) and to improve residents' quality of life
From April 2017, the activities of Ardoyne Association were taken on by Ardoyne Association, a company limited by guarantee with charitable status.
Directors
The Directors who served during the period are as stated below:
| Chair Secretary |
Marian Kane Anne Marie (Una) McRoberts |
|---|---|
| Directors | Sinead McKinley Marie Colman Nuala Kane Patricia Carmel Holly Ann Clarke Marie O’Neill |
| Annual R | eport |
A full copy of the annual report of activities and achievements in 2022/23 is set out in the appendices.
Structure, Governance and Management
The organisation is a charity and is governed under its constitution. The Directors are also the charity trustees for the purposes of charity law. All Directors give their time voluntarily and receive no benefits from the charity.
Our financial performance has been positive. Total income has increased due to the community response to the Covid pandemic and expenditure has also risen but finances have been managed to ensure that we have a surplus to cover ongoing needs. Capital expenditure was completed on the new offices.
This report was approved by the Committee on ............................ and signed on its behalf by
Signed ................................. Name .................................
Page 4
Ardoyne Association
Independent Examiner's Report to the Members of charitable company
Ardoyne Association
I report on the accounts of the charity for the year ended 31/03/23 , which are set out on pages 6 - 11.
Respective responsibilities of Directors and examiner
As the charity trustees (and also the directors of the company for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law, and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under section 65 of the Charities Act
-
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
-
state whether particular matters have come to my attention.
Basis of independent examiner’s report
I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included 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:
-
That accounting records were not kept in accordance with section 386 of the Companies Act 2006
-
That the accounts do not accord with those accounting records
-
That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the 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
-
That there 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 Northern Ireland, I have found no matters that require drawing to your attention.
Derek Browne ACMA Insight Business Services
53 Bernice Road Newtownabbey, BT36 4QZ
Page 5
Ardoyne Association
Statement of Financial Activities for the period ended 31/03/23
| 2023 Restricted Unrestricted Total Funds Funds £ £ £ |
2023 Restricted Unrestricted Total Funds Funds £ £ £ |
2023 Restricted Unrestricted Total Funds Funds £ £ £ |
2023 Restricted Unrestricted Total Funds Funds £ £ £ |
2023 Restricted Unrestricted Total Funds Funds £ £ £ |
2023 Restricted Unrestricted Total Funds Funds £ £ £ |
2022 | 2022 | |
|---|---|---|---|---|---|---|---|---|
| Notes | £ | £ | ||||||
| Incoming Resources Grant 2 Other Income (inc donations) Total Income |
||||||||
| 290,851.17 0.00 290,851.17 |
31,500.00 19,391.80 |
322,351.17 19,391.80 341,742.97 |
220,623 119,706 |
|||||
| **50,891.80 ** | 340,329 | |||||||
| Expenditure Charitable Activities Administrative Expenses Total Expenditure |
||||||||
| 290,851.17 0.00 290,851.17 |
9,373.41 5,261.00 14,634.41 |
9,373.41 5,261.00 |
300,224.58 5,261.00 305,485.58 |
323,675 5,897 329,572 |
||||
| Net Incoming/(Outgoing) Resources | 0.00 | 36,257.39 | 36,257.39 | 10,757 | ||||
| Net Movement of Funds in the Period | 0.00 | 36,257.39 | 36,257.39 | 10,757 | ||||
There are no recognised gains or losses other than the profit or loss for the above financ All activities relate to continuing operations
Page 6
Ardoyne Association
| Balance Sheet As at 31/03/23 |
Balance Sheet As at 31/03/23 |
Balance Sheet As at 31/03/23 |
Balance Sheet As at 31/03/23 |
|---|---|---|---|
| 2023 2022 £ £ £ |
|||
| Notes | |||
| Fixed Assets Tangible Assets |
|||
| 264,025.81 | 254,225 | ||
| Current Assets Debtors 5 Cash at bank and in hand |
|||
| 5,000.00 139,978.35 |
0 118,686 |
||
| 144,978.35 | 118,686 | ||
| Creditors: amounts falling due within one year 6 |
|||
| 1,800.00 | 1,963 | ||
| Net Current Assets | 143,178.35 | 116,723 | |
| Total Assets less current liabilities | 407,204.16 | 370,948 | |
| Creditors: amounts falling due after more than one year Deferred grant income Grants capitalised |
|||
| 0.00 254,224.57 |
0 254,225 |
||
| Net Assets | 152,979.59 | 116,723 | |
| Capital and Reserves Reserve Fund Restricted Reserves General Funds Total Funds |
|||
| 116,722.20 0.00 36,257.39 152,979.59 |
105,966 0 10,757 116,723 |
||
| The directors’ statements are shown on page 12 which forms part ofthis Balance Sheet |
|||
Page 7
Ardoyne Association
Balance sheet (continued)
Directors' statements for the year ended 31/03/23
In approving these financial statements as directors of the charity we hereby confirm:
For the year ending 31/03/23 the company was entitled to exemption from audit under Article 257A(3) of the Companies (Northern Ireland) Order 1986 ; and
No members have required the company to obtain an audit of its accounts for the year in question in accordance with Article 257B(2)
Director's responsibilities;
•The members have not required the company to obtain an audit of its accounts for the year in question,
•The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Board on ............................... and signed on its behalf by
Signature ................................. Name .................................
Page 8
Ardoyne Association
Notes to the financial statements For the year ended 31/03/23
1. Accounting Policies
1.1 Accounting convention
The financial statements are prepared under the historical cost convention.
The accounts have been prepared in accordance with the Financial Reporting Standard applicable in the UK (FRS 102) (effective January 2015), and the requirements of 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 (FRS 102) (effective January 2015) (Charities SORP 2015 (FRS 102)).
1.2 Incoming resources
Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. Gifts donated for resale are included as income when they are sold. Donated assets are included at the value to the charity where this can be quantified and a third party is bearing the cost. The value of services provided by volunteers has not been included.
Grants, including grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Activities in the year in which they are receivable.
1.3 Resources Expended
Resources expended are recognised in the year in which they are incurred.
Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
1.4 Fixed Assets and Depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Property improvements Fixtures, fittings and equipment Motor vehicles
10% straight line 25% reducing balance 25% reducing balance
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Ardoyne Association
Notes to the financial statements For the year ended 31/03/23
| 2. | Grant Income | Grant Income | ||
|---|---|---|---|---|
| 2023 | 2022 | |||
| £ | £ | |||
| Government and other Grants | 294,351 | 220,622 | ||
| 3. | Operating gain/(defcit) | |||
| 2023 | 2022 | |||
| Operating gain is stated after charging: | £ | £ | ||
| Depreciation and other amounts written of | 0 | 0 | ||
Accountant's |
remuneration |
1,800 | 1,680 | |
| 4. | Employees | |||
| 2023 | 2022 | |||
| Number of employees | ||||
| The average monthly number of employees | ||||
| (excluding the Directors) during the year were: | 6 | 5 | ||
| 5. | Debtors | |||
| 2023 | 2022 | |||
| Trade Debtors | 5000 | 0 | ||
| Other Debtors | 0 | 0 | ||
| 6. | Creditors: amounts falling due within one year | 2023 | 2022 | |
| £ | £ | |||
| Trade creditors | 0 | 0 | ||
| Other Creditors | 1,800 | 1,680 | ||
| Other taxes and social security costs | 0 | 0 | ||
| Accruals and deferred income | 0 | 283 | ||
| 1,800 | 1,963 |
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