Company Registration Number: NI036849 Charity Number: 100259
Rouskey Community and Development Association (A company limited by guarantee, not having a share capital) Annual Report and Unaudited Financial Statements
for the financial year ended 31 March 2024
Rouskey Community and Development Association (A company limited by guarantee, not having a share capital) CONTENTS
| Page | |
|---|---|
| Directors' and Other Information | 3 |
| Directors' Annual Report | 4-5 |
| Statement of Directors' Responsibilities | 6 |
| Accountants' Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10 - 13 |
| Supplementary Information relating to the Financial Statements | 15 |
2
Rouskey Community and Development Association (A company limited by guarantee, not having a share capital) DIRECTORS' AND OTHER INFORMATION
Directors
Geraldine Bradley Gerard Devlin Ann Devlin Patrick Devlin Sheena Kearney Bridie McCullagh Bridget Doyle Kathleen McBride Ruairi O'Neill (Resigned 11 December 2023) Conall O'Neill (Resigned 7 January 2024) Justine McCrory Kevin Moquin (Resigned 16 April 2024) John Corry (Appointed 4 December 2023) Josephine Keenan (Appointed 3 October 2023) Siobhan McCrory (Appointed 3 October 2023) Sean Maguire (Appointed 15 April 2024)
Company Secretary Ms. Geraldine Bradley Charity Number in Northern Ireland 100259 Company Registration Number NI036849 Registered Office 103 Crockanboy Road Drumlea OMAGH, County Tyrone Principal Address 103 Crockanboy Rd Drumlea Omagh Co Tyrone BT79 7RS Northern Ireland
Accountants
Abac Chartered Accountants Abbey House 12 Abbey Street Omagh Co Tyrone BT78 1BZ
Principal Bankers
Ulster Bank (B) 14 High Street Omagh Co Tyrone BT78 1BJ Northern Ireland
3
Rouskey Community and Development Association (A company limited by guarantee, not having a share capital) DIRECTORS' ANNUAL REPORT
for the financial year ended 31 March 2024
The directors present their Directors' Annual Report, combining the Directors' Report and Trustees' Report, and the unaudited financial statements for the financial year ended 31 March 2024.
The financial statements are prepared in accordance with the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
The Directors' Report contains the information required to be provided in the Directors' Annual Report under the Statement of Recommended Practice (SORP) guidelines. The directors of the company are also charity trustees for the purpose of charity law and under the company's constitution are known as members of the board of trustees.
In this report the directors of Rouskey Community and Development Association present a summary of its purpose, governance, activities, achievements and finances for the financial year 31 March 2024.
The company is a registered charity and hence the report and results are presented in a form which complies with the requirements of the Companies Act 2006 and, although not obliged to comply with the Statement of Recommended Practice applicable in the UK and Republic of Ireland FRS 102, the organisation has implemented its recommendations where relevant in these financial statements.
Financial Review
The results for the financial year are set out on page and additional notes are provided showing income and expenditure in greater detail.
Financial Results
At the end of the financial year the company has assets of £57,014 (2023 - £61,414) and liabilities of £319 (2023 - £319). The net assets of the company have decreased by £(4,400).
Directors
The directors who served throughout the financial year, except as noted, were as follows:
Geraldine Bradley Gerard Devlin Ann Devlin Patrick Devlin Sheena Kearney Bridie McCullagh Bridget Doyle Kathleen McBride Ruairi O'Neill (Resigned 11 December 2023) Conall O'Neill (Resigned 7 January 2024) Justine McCrory Kevin Moquin (Resigned 16 April 2024) John Corry (Appointed 4 December 2023) Josephine Keenan (Appointed 3 October 2023) Siobhan McCrory (Appointed 3 October 2023) Sean Maguire (Appointed 15 April 2024)
The secretary who served during the financial year was:
Ms. Geraldine Bradley
Compliance with Sector-Wide Legislation and Standards
The company engages pro-actively with legislation, standards and codes which are developed for the sector. Rouskey Community and Development Association subscribes to and is compliant with the following:
▪ The Companies Act 2006
- The Charities SORP (FRS 102)
4
Rouskey Community and Development Association (A company limited by guarantee, not having a share capital) DIRECTORS' ANNUAL REPORT
for the financial year ended 31 March 2024
Approved by the Board of Directors on 10 September 2024 and signed on its behalf by:
________Bridie McCullagh Director
________Geraldine Bradley Director
5
Rouskey Community and Development Association
(A company limited by guarantee, not having a share capital) STATEMENT OF DIRECTORS' RESPONSIBILITIES
for the financial year ended 31 March 2024
The directors are responsible for preparing the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period.
In preparing these financial statements, the directors are required to:
-
select suitable accounting policies and apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
state whether the financial statements have been prepared in accordance with the relevant financial reporting framework, identify those standards, and note the effect and the reasons for any material departure from those standards; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in operation.
The directors confirm that they have complied with the above requirements in preparing the financial statements.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Board of Directors on 10 September 2024 and signed on its behalf by:
________Bridie McCullagh Director
________Geraldine Bradley Director
6
Rouskey Community and Development Association (A company limited by guarantee. not having a share capital) CHARTERED ACCOUNTANTS. REPORT to the Board of Directors on the unaudited financial statements of Rouskey Community and Development Association for the financial year ended 31 March 2024 In accordance wtth our engagement letter and in order to assist you to futfil your duties under the Companies Act 2006. we have prepared for your approval the financial statements of the Company for the financial year ended 31 March 2024 which comprise the Statement of Financial A¢tivitses {incorporating an Income and Expenditure Accounti, the Balan Sheet and notes from the Companys accounting rewrds and from information and explanations you have given to us. This report is made solely to the Board of Directors of Rouskey Community and Development Association, as a body, n accordance wilh the temis of our engagemenL Our work has been undertaken solely to prepare for your approval the financial statements of Rouskey Communty and Development Association and state those matters that we have agreed to state to the Board of D5rectors of Rouskey Communty arKt Development Association. as a body, in this report in accordan with the guidan of Charted A(routttants Ireland. To Ihe fvlkest extent pennitted by law. we do not accept or assume responsibility to anyone other than Rouskey Communty and Development Association and its Board of Directors, as a body, for our work or for this report. We have c*rried Olrt this engagement in accordance with guidance Issued by Chartered Accountants Ireland and have complied with the elhi1 guidan laid by charte Acc4)untsnts Ireland relating to members undertaking the compilation of financial statements. It is your duty to ensure that Rouskey Communty and Development AwKiation has kept adequate accounting records and to pr8pare stattrtory financial statements thal give a Irue and fair view of the assets. ITabilities, financial position and deficit of Rouskey Communty and Development Assouation. You consider that Rouskey Community and Development Association is ex8rnPt from thè ststutory audit requirement for the financial year. We have not been instruLaed to out an audit or a review of the financial statements of Rouskey Conimunty and Development Association. For this reason. we have not verified the accuracy or completeness of the accounting records or infrKmation and explanations you have given to us and we do noL therefore. express any opinion on the statutory financial stskments. ABAC Chartered Accountants and Registered AIKlitors Abbey House 12 Abbey Street Omagh Co Tyrone BT78 1 BZ 10 September 2024
Rouskey Community and Development Association (A company limited by guarantee, not having a share capital) STATEMENT OF FINANCIAL ACTIVITIES
(Incorporating an Income and Expenditure Account)
for the financial year ended 31 March 2024
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | ||
| 2024 | 2024 | 2024 | 2023 | 2023 | 2023 | ||
| Notes | £ | £ | £ | £ | £ | £ | |
| Income | |||||||
| Charitable activities | |||||||
| ▪Grants from governments | 3.1 | 8,524 | 19,702 | 28,226 | 10,982 | 22,814 | 33,796 |
| and other co-funders | |||||||
| ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | ||
| Expenditure | |||||||
| Charitable activities | 4.1 | 7,681 | 24,945 | 32,626 | 5,478 | 21,840 | 27,318 |
| ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | ||
| Net income/(expenditure) | 843 | (5,243) | (4,400) | 5,504 | 974 | 6,478 | |
| Transfers between funds | - | - | - | - | - | - | |
| ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | ||
| Net movement in funds for | 843 | (5,243) | (4,400) | 5,504 | 974 | 6,478 | |
| the financial year | |||||||
| Reconciliation of funds: | |||||||
| Total funds beginning of the | 9 | 7,335 | 53,760 | 61,095 | 1,831 | 52,786 | 54,617 |
| year | |||||||
| ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | ||
| Total funds at the end of | 8,178 | 48,517 | 56,695 | 7,335 | 53,760 | 61,095 | |
| the year | |||||||
| ═══════ | ═══════ | ═══════ | ═══════ | ═══════ | ═══════ |
The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities.
The notes on pages 10 to 13 form part of the financial statements
8
Rouskey Community and Development Association
(A company limited by guarantee, not having a share capital) Company Number: NI036849 BALANCE SHEET
as at 31 March 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Fixed Assets | |||
| Tangible assets | 6 | 20,500 | 28,484 |
| ─────── | ─────── | ||
| Current Assets | |||
| Cash at bank and in hand | 36,514 | 32,930 | |
| ─────── | ─────── | ||
| Creditors: Amounts falling due within one year | 7 | (319) | (319) |
| ─────── | ─────── | ||
| Net Current Assets | 36,195 | 32,611 | |
| ─────── | ─────── | ||
| Total Assets less Current Liabilities | 56,695 | 61,095 | |
| ═══════ | ═══════ | ||
| Funds | |||
| Restricted funds | 48,517 | 53,760 | |
| General fund (unrestricted) | 8,178 | 7,335 | |
| ─────── | ─────── | ||
| Total funds | 9 | 56,695 | 61,095 |
| ═══════ | ═══════ |
These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", applying Section 1A of that Standard.
Approved by the Board of Directors and authorised for issue on 10 September 2024 and signed on its behalf by
________Bridie McCullagh Director
________Geraldine Bradley Director
The notes on pages 10 to 13 form part of the financial statements
9
Rouskey Community and Development Association (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024
1. GENERAL INFORMATION
Rouskey Community and Development Association is a company limited by guarantee incorporated in Northern Ireland. The registered office of the company is 103 Crockanboy Road, Drumlea, OMAGH, County Tyrone which is also the principal place of business of the company The financial statements have been presented in Pound (£) which is also the functional currency of the company.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity’s financial statements.
Basis of preparation
The financial statements have been prepared on the going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102", applying Section 1A of that Standard.
As permitted by the Companies Act 2006, the company has varied the standard formats in that act for the Statement of Financial Activities and the Balance Sheet. Departures from the standard formats are to comply with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP.
Statement of compliance
The financial statements of the company for the financial year ended 31 December 2017 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102", applying Section 1A of that Standard.
Fund accounting
The following are the categorises of funds maintained:
Restricted funds
Restricted funds represent income received which can only be used for particular purposes, as specified by the donors. Such purposes are within the overall objectives of the company.
Unrestricted funds
Unrestricted funds consist of General and Designated funds.
▪General funds represent amounts which are expendable at the discretion of the board, in furtherance of the objectives of the company.
▪Designated funds comprise unrestricted funds that the board has, at its discretion, set aside for particular purposes. These designations have an administrative purpose only, and do not legally restrict the board's discretion to apply the fund.
Income
Voluntary income or capital is included in the Statement of Financial Activities when the company is legally entitled to it, its financial value can be quantified with reasonable certainty and there is reasonable certainty of its ultimate receipt. Entitlement to legacies is considered established when the company has been notified of a distribution to be made by the executors. Income received in advance of due performance under a contract is accounted for as deferred income until earned. Grants for activities are recognised as income when the related conditions for legal entitlement have been met. All other income is accounted for on an accruals basis.
Expenditure
All resources expended are accounted for on an accruals basis. Charitable activities include costs of services and grants, support costs and depreciation on related assets. Costs of generating funds similarly include fundraising activities. Non-staff costs not attributed to one category of activity are allocated or apportioned pro-rata to the staffing of the relevant service. Finance, HR, IT and administrative staff costs are directly attributable to individual activities by objective. Governance costs are those associated with constitutional and statutory requirements.
10
continued
Rouskey Community and Development Association (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:
Land and buildings freehold Fixtures, fittings and equipment
Straight line over 25 years 20% Reducing Balance
Cash at bank and in hand
Cash at bank and in hand comprises cash on deposit at banks requiring less than three months' notice of withdrawal.
Taxation and deferred taxation
No current or deferred taxation arises as the company has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable income and its results as stated in the financial statements.
Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 3. | INCOME | |||||
|---|---|---|---|---|---|---|
| 3.1 | CHARITABLE ACTIVITIES | Unrestricted | Restricted | 2024 | 2023 | |
| Funds | Funds | |||||
| £ | £ | £ | £ | |||
| Grants from governments and other co-funders: | ||||||
| Current Fundraising | 8,524 | - | 8,524 | 10,313 | ||
| Fermanagh and Omagh District Council | - | 2,270 | 2,270 | 4,262 | ||
| The Community Foundation for NI | - | 3,800 | 3,800 | 15,200 | ||
| Northern Ireland Rural Development Council | - | 642 | 642 | 2,568 | ||
| DAERA | - | - | - | 1,413 | ||
| Lottery Fund | - | 9,990 | 9,990 | - | ||
| Omagh Forum | - | - | - | 40 | ||
| John Moore Foundation | - | 3,000 | 3,000 | - | ||
| ─────── | ─────── | ─────── | ─────── | |||
| 8,524 | 19,702 | 28,226 | 33,796 | |||
| ═══════ | ═══════ | ═══════ | ═══════ | |||
| 4. | EXPENDITURE | |||||
| 4.1 | CHARITABLE ACTIVITIES | Direct | Other | Support | 2024 | 2023 |
| Costs | Costs | Costs | ||||
| £ | £ | £ | £ | £ | ||
| Expenditure on charitable activities | 17,947 | - | - | 17,947 | 14,372 | |
| Rates | - | 115 | - | 115 | - | |
| Insurance | - | 1,744 | - | 1,744 | 1,315 | |
| Light and heat | - | 1,924 | - | 1,924 | 1,364 | |
| Repairs and maintenance | - | 1,816 | - | 1,816 | 291 | |
| Printing, postage and stationery | - | 110 | - | 110 | - | |
| Telephone and fax | - | 496 | - | 496 | 1,097 | |
| Accountancy | - | 420 | - | 420 | 400 | |
| Subscriptions | - | 10 | - | 10 | 10 | |
| Depreciation | - | 7,984 | - | 7,984 | 8,469 | |
| Computer Costs | - | 60 | - | 60 | - | |
| ─────── | ─────── | ─────── | ─────── | ─────── | ||
| 17,947 | 14,679 | - | 32,626 | 27,318 | ||
| ═══════ | ═══════ | ═══════ | ═══════ | ═══════ |
11
continued
Rouskey Community and Development Association
(A company limited by guarantee, not having a share capital)
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024
| 5. | NET INCOME | 2024 | 2023 | |
|---|---|---|---|---|
| £ | £ | |||
| Net Income is stated after charging/(crediting): | ||||
| Depreciation of tangible assets | 7,984 | 8,469 | ||
| ═══════ | ═══════ | |||
| 6. | TANGIBLE FIXED ASSETS | |||
| Land and | Fixtures, | Total | ||
| buildings | fittings and | |||
| freehold | equipment | |||
| £ | £ | £ | ||
| Cost | ||||
| At 31 March 2024 | 148,369 | 24,508 | 172,877 | |
| ─────── | ─────── | ─────── | ||
| Depreciation | ||||
| At 1 April 2023 | 130,129 | 14,264 | 144,393 | |
| Charge for the financial year | 5,935 | 2,049 | 7,984 | |
| ─────── | ─────── | ─────── | ||
| At 31 March 2024 | 136,064 | 16,313 | 152,377 | |
| ─────── | ─────── | ─────── | ||
| Net book value | ||||
| At 31 March 2024 | 12,305 | 8,195 | 20,500 | |
| ═══════ | ═══════ | ═══════ | ||
| At 31 March 2023 | 18,240 | 10,244 | 28,484 | |
| ═══════ | ═══════ | ═══════ | ||
| 7. | CREDITORS | 2024 | 2023 | |
| Amounts falling due within one year | £ | £ | ||
| Accruals and deferred income | 319 | 319 | ||
| ═══════ | ═══════ | |||
| 8. | RESERVES | |||
| 2024 | 2023 | |||
| £ | £ | |||
| At the beginning of the year | 61,095 | 54,617 | ||
| (Deficit)/Surplus for the financial year | (4,400) | 6,478 | ||
| ─────── | ─────── | |||
| At the end of the year | 56,695 | 61,095 | ||
| ═══════ | ═══════ | |||
| 9. | FUNDS | |||
| 9.1 | RECONCILIATION OF MOVEMENT IN FUNDS | Unrestricted | Restricted | Total |
| Funds | Funds | Funds | ||
| £ | £ | £ | ||
| At 1 April 2022 | 1,831 | 52,786 | 54,617 | |
| Movement during the financial year | 5,504 | 974 | 6,478 | |
| ─────── | ─────── | ─────── | ||
| At 31 March 2023 | 7,335 | 53,760 | 61,095 | |
| Movement during the financial year | 843 | (5,243) | (4,400) | |
| ─────── | ─────── | ─────── | ||
| At 31 March 2024 | 8,178 | 48,517 | 56,695 | |
| ═══════ | ═══════ | ═══════ |
12
continued
Rouskey Community and Development Association (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024
| 9.2 | ANALYSIS OF MOVEMENTS ON FUNDS | ANALYSIS OF MOVEMENTS ON FUNDS | ||||
|---|---|---|---|---|---|---|
| Balance | **Income ** | Expenditure | Transfers | Balance | ||
| 1 April | between | 31 March | ||||
| 2023 | funds | 2024 | ||||
| £ | £ | £ | £ | £ | ||
| Restricted funds | ||||||
| Restricted | 53,760 | 19,702 | 24,945 | - | 48,517 | |
| Unrestricted funds | ||||||
| Unrestricted General | 7,335 | 8,524 | 7,681 | - | 8,178 | |
| ─────── | ─────── | ─────── | ─────── | ─────── | ||
| Total funds | 61,095 | 28,226 | 32,626 | - | 56,695 | |
| ═══════ | ═══════ | ═══════ | ═══════ | ═══════ | ||
| 9.3 | ANALYSIS OF NET ASSETS BY FUND | |||||
| Fixed | Current | Current | Total | |||
| assets | assets | liabilities | ||||
| - charity use | ||||||
| £ | £ | £ | £ | |||
| Restricted funds | 29,110 | 17,557 | - | 46,667 | ||
| ─────── | ─────── | ─────── | ─────── | |||
| Unrestricted general funds | (8,610) | 18,957 | (319) | 10,028 | ||
| ─────── | ─────── | ─────── | ─────── | |||
| 20,500 | 36,514 | (319) | 56,695 | |||
| ═══════ | ═══════ | ═══════ | ═══════ |
10. STATUS
The company is limited by guarantee not having a share capital.
The liability of the members is limited.
Every member of the company undertakes to contribute to the assets of the company in the event of its being wound up while they are members, or within one year thereafter, for the payment of the debts and liabilities of the company contracted before they ceased to be members, and the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves, such amount as may be required, not exceeding £ 1.
11. DIRECTORS' REMUNERATION
The directors received no emoluments during the year.
During the year directors were reimbursed for expenses incurred in their role as directors. These expenses are included in the accounts as follows;
Profit & Loss Account Expenditure on Charitable Activities £2,058 Repairs and maintenance £180 Printing, postage & Stationery £110
13
ROUSKEY COMMUNITY AND DEVELOPMENT ASSOCIATION
(A company limited by guarantee, not having a share capital)
SUPPLEMENTARY INFORMATION
RELATING TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024
14
Rouskey Community and Development Association
(A company limited by guarantee, not having a share capital) SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS
Operating Statement for the financial year ended 31 March 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Income | 28,226 | 33,796 |
| ─────── | ─────── | |
| Expenses | ||
| Rates | 115 | - |
| Insurance | 1,744 | 1,315 |
| Light and heat | 1,924 | 1,364 |
| Repairs and maintenance | 1,816 | 291 |
| Printing, postage and stationery | 110 | - |
| Telephone | 496 | 1,097 |
| Computer costs | 60 | - |
| Activity costs and prizes | 17,446 | 14,372 |
| Legal and professional | 501 | - |
| Accountancy | 420 | 400 |
| Subscriptions | 10 | 10 |
| Depreciation | 7,984 | 8,469 |
| ─────── | ─────── | |
| 32,626 | 27,318 | |
| ─────── | ─────── | |
| Net (deficit)/surplus | (4,400) | 6,478 |
| ═══════ | ═══════ |
The supplementary information does not form part of the financial statements
15