Company reglstrnuon number N1071320 Klnawl•y Communlty Hall Assoclatlon Company Ilmlted by guafanle• Unaudlled flnanclal slatemont8 31 DK•mbgr 2023 cs Camscanner
Klniwl•y Communlty Hall A88ocl•tlon Company Ilmlt•d by guarant•0 Contonts Pag• Directors 8NJ otrr Inf0mtion Dire report ACCOlIant$ report Slaleffnl of CtynprehenSl Income Stalemeni of finandal position Statement of canges in equity Noles to tr financlal sialemenls 8-12 cs Camscanner
Klnawley Communlty Hall Assoclatlon Company Ilmtted by guarantoo Dlre¢tors and Other Informatlon Dlrnctoro Mr Kevin Lunney Mr Damian Mcmanus Mr Patrick G Mcmanus Mrs Anna McGovem Mrs Anne Melanophy Mr Sean Daonan Mr Paul Melanophy Ms Helena Ward Socretary Mrs Helena Ward Company number N1071320 Reglstar•d offlc• 69 Main Street KinavAey County Fennanagh BT92 4FA Accountants Gerard O Brlen & Co 1 The Market Place Derrylin Fermanagh BT92 9AN Bankers First Trust Bank 24 East BrKJge Streel Enniskn'llen County Femanagh 8T74 7BT Page 1 cs Camscanner
Klnawley Communlty Hall Assoclatlon Company Ilmltod by guarant Dlroctorn report Year ended 31 Decomber 2023 The direclors present It1r report and the unaudrted financlal StateThnts of the coryary for the year ended 31 Dernber 2023. Dlrectors The direciors seNed company during the year as follows.. Mr Ke%in Lunney Mr Damian Mcmanus Mr Patrick G Mcmanus Mrs knna McGovem Mfs Anne Melanophy Mr Sean Doonan Mr Paul Melanophy Ms Helena Ward Small company provlslons This report has been prepared In accordance V•ilh the prowsions applicable to CoMpanS entiued to Ihe small companies exemption. Thi$ report VKS approved by the board of directors on 25 June 2024 8rMJ slgned on behaN of the board ty.. Mr Patrick G Mcmanus Director Mrs Anna McGovern Director P490 2 cs Camscanner
Klnawl•y Communlty Hall Assoclatlon Company Ilmlt•d by guaranteo R•port to th• bo•rd of dlrnclorn on th• prnparatlon of Iho unaudltsd slatutory flnanclal stalem•nts ol Klnawley Communlty Hall Auoclatlon Y•ar •ndod 31 D•c•mbw 2023 In order to assisl you lo fijfil dulles under ts Companies Acl 2(M36. have prepared lor ywr approval Ihe ffinarKaal StalennIS ol Klnaley Cofmiunity Hall Assocaation for the year ended 31 December 2023 vthich comprise the statement of comprehensive Income. slalernenl ol financial posilian. statement ol chaTrJes i equity arNJ related noles frorn the compa5 acccKmtiThJ recryds and from InlormaU¢)n and explanali¢)ns y have given us. As a practisiThJ member ffirn ol the Assodatlon of Chartered Cwified AccThmtanli . we are subjed to 11$ elhical and olher prolessional requiiements vthich are delailed at httP'.Ilhw.accaglobal.c(xTrlenlnxrnberl prolesslonal-slarKlard NIeS-stalardslaCca-1ulebo0k.htrn1. This report Is made solety lo the board ol dlrectors of KInaleY Conwnunty H811 Assocsalion. as a body, In accordance Imth tems ol our ermjagenI letter. Ckn work has been undertaken solely to prepare for YQL approval the financlal statements of 'naYley Communty Hall Association and stale Ihose matters that we have agreed to stale lo Ihe board of direct<)rs of KlnavAey Cornmunity Hall Assodation as a body, In thls report In accordance Wth the requlreffents ol ihe Assodation ol Chartered Ce.ffied ACUntantS as detailed at httP.IAwhv.accaglobal.conVcontenVdamlACCA_Global rfecmlcalrtacblethnlcal-faclsheel-163.pdl. To the Ilest exlerst perrnitted by law. Vle do noi accept or assume responsibility lo anyone other than KIna¥eY Communty Hall As8odation aj lis board of directors as a body lor our Work Of for thi$ report. It 1$ your duty to ensure that Klnawley Crnnity Hall Assoclath'on has kepl adequale accounting records arKI lo prepare stalulory financlal slatements that glve 8 true arKI lair view ol the assets. liabilitles, financial position and loss of Kinav41ey Community Hall N3sodalion. You consldef that lQ'nab¥ley Community Hall Associats'¢)n Is exempt from the slatutory audit requifen*nt lof the year. We have nol been Instruded to carry ¢xrt an a111 or a review of the finanual 5talements of KInaeY Communty Hall A5s0clation. For Ihls reason. ¥ have not verlfied the accuracy or completeness of I accounting records or Infomiats'on and explanalions you have given to ui arKI we do rK>t. therefore. express any onIOn on Ihe StatOry finanual StalennIS. Gerard O Brlen & Co Acwntants 1 The Markel Place DeYlIn Fermana9h B T92 9AN 25 June 2024 P•g• 3 cs Camscanner
Klnawley Communlty Hall Assoclatlon Company Ilmrtad by guaranto• Statemont of compreh•nslva Incomo Yoar ended 310gcember 2023 2023 2022 Note Turnover Cosi of sales Adminislrative expenses Other operating income Opgrallng Ilossvprofll 32,706 54,392 (57,913) 5.818 (52,334) 5.818 (19.389) 7.876 Other Inlerest receivable and slmilar Income ILossllproflt beforg taxallon 107 {19.282) 7,879 Tax on (lossyprofit (Loss)Iproflt for tho flnanclal yoar and total ¢omprehenslvo Income (19.282) 7,879 All the activilies of the company afe from continuing operatlons. Th• noto• on pagu B to 12 lomi pthrt of thma Ilnjnclal Statoments. Poge 4 cs Camscanner
Klnawley Communlty Hall Assoclatlon Company Ilmlted by guarante• Statement of flnanclal posltlon 31 Decomber 2023 2023 2022 Note Flxed assets Tar¥Jible assels 581.091 597.943 581,091 597.943 Current a¥t$ Debtors Cash at bank and In hand 249 49,205 41,255 41.255 49,454 Credltors: amounts falllng due wlthln one year (1.371) {1,323) 48.131 Ngt Current assets 39.884 Total assets less current Ilabllltles 620.975 646.074 Credltors.. amounts lalllng due after moro than ono year 10 (237.459) 383.516 (243,278) 402.798 Net assets Capltal and reserves Profil arKI loss account 383.516 402.798 Membern funds 383,516 402,798 For Ihe year ending 31 December 2023 the ClpanY was entitled to exemption from audit urKler seciion 477 of the Companies Act 2006 relatirg lo small companies. Directors responsibililies: The members have nol required the company io obtain an alIt of its financial slatements for Ihe year In queslion in accordance ryth section 476,. The directors acknowledge their responsibilities for complying Vilh the requirements of Ihe Act Vilh respect lo accounti'ng records and the preparation of financial slatemenls. These financial statements have been prepared in accordance Wblh the provislons applicable lo compantes subjed to the small companies, regime and in accordance Yth Sectlon 1A ol FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland.. The notes on pages 8 to 12 fomi part ol the•0 flnanclal •tAlOmonts. Page 6 cs Camscanner
Kln•wloy Communlty Hall A8soclatlon Company Ilmltod by guaranlee Statement ol flnanclal posltlon (conllnuod) 31 Do¢•mber 2023 These financlal statemenls were approved by the board of directors arKI aulhorised lor issue on 25 Ju 2024. are signed on behall of the board by: Mr Patrick G Mcmanus 'reclor Mrs Anna McGovern Dlrector Company registration number: N1071320 Th• not•• on pago• 8 10 12 form part ol Ihe•e flnanclal •tat•m•nt•. Pago 6 cs Camscanner
Klnawley Communlty Hall Assoclatlon Company Ilmlted by guarante• Statement ol ¢hanges In equlty Year ended 31 Decembor 2023 Profit and loss account Total At 1 January 2022 394,919 394.919 (Lossvprofil for the year Total comprohenslve Income for the year 7.879 7.879 7.879 7,879 At 31 Docembgr 2022 and 1 January 2023 402,798 402,798 (Loss)Ipmfit for the year (19,282) (19,282) (19,282) (19,282) Total comprehensfve Incom• for tho year At 310ecornbor 2023 383,516 383.516 Pag• 7 cs Camscanner
Klnawley Communlty Hall Assoclatlon Company Ilmfted by guarantge Notes to the flnanclal statemgnts Yoar andod 31 December 2023 Ggnoral Informatlon company is a private company limiled by guarantee. registered in Uniled Kingdom. The address ot the registered office is 69 Main Street. 'naAeY. County Fernnagh. 8T92 4FA Stalement of compljanco These financial statements have been prepared In cornpliance V4ith the provtslons of FRS 102. Sectlon 1A. The Financlal Reportiry Slarmdard applicable in the UK and Republic of Irelanrf. Accountlng pollclos Baslg of proparatlon The financial slalements have been prepared on the historical cost basis. as modifd by ltr revaluab'on of certaln financlal assels and liabilitles aThJ Investnxnt properties measured ai lair value Ihrough wofit or loss. The financlal slatements are prepared in 8lerlir¥J. 1¢h Is the lunctional rJJfferKy of the entsty. Tumovor Tumover 1$ measured al Ihe fair Val of conslderation received or receNable lof goods 3upplled and services rendered, net of discounls and Value Added Tax. Revenue from the sale of goods is fecognised vhEn Ihe signiflcanl risks arnj redrd$ of thrShiP have translerred to the buyer <usualty on despalch of the goods): the amouni of revenue can be measured reliably'.11 is probable Ihal the associated ecormi¢ benefits Kfjll flow to the entsty: arKI Costs incurTed or to be Incurred In respect of ihe transaclions can be ffaswed reliably. Taxatlon The taxation expense fepresenls the aggregate anUnt of current and deferred tax recognised Sn Ihe reporting perlod. Tax is recognised In the statemenl ol comprehensive income. except lo Ihe exlenl thal it relates to items recognised in other comprehensive Inc4yrn or d1cl1Y in capital and reSee3. In thi$ case. tax Is recognlsed In olher Comprehensi income or direclty In caprtal arKI reserves. respectively. Current tax Is recognised on laxable profit for the current arMJ past periods. Current lax is measured al the amounts ol tax expected lo pay or recover using the tax rates arKJ laws thal tve been enacted or substantlvely enacted al the reportiThJ dale. Deferred tax Is recognised In resped ol all timing differenos at the reporting date. Unrelieved lax losses and other delerred lax assets are rec(yJnised lo the exlenl Ihal it Is probable Ihat they wlll be recovered 8gainst the reversal ol delerred tax liabilities or olher fvlure laxable profils. Delerred tax Is measured using the tax rates and laws Ihat have been enacted Of substants'vety enacted by the porting date thal are exkxaed lo appty to the reversal of the timiTrJ differen. Pag• 8 cs Camscanner
Klnawley Communlty Hall Assoclatlon Company Ilmltod by guarants• Notss to th• flnanclal 8tatem•nts (contInu) Yoar •nd•d 31 Dec•mbef 2023 Tanglblo 8s801s Tangible assets are Inilialty recor(led at cost. and are subseq(Rnlty Stated at cosi kss arry aconnulaled depreciation and ImpalmnI losses. Any taNJible assels camed at rev811 amounts are fecorded at the falr value at date ol revaluallon less any subsequenl accumulated depreciation aThJ subsequeni aCmUlated impainrenl losses. An increase In the caTha amounl of an asset as a result of a revahmtion. Is recognised In Oiher comprehenslbE Incon arxl accumulated In capital arxl reserves. except to the exlent it reverses a revaluation decrease of the same assei pre%iousty recognised In profit or loss. A decrease in the carryiThJ amount ol an asset as a resutt of fevaluation Is recognised In other comprehenslve income to Ihe exlent of ary yeviously recogni$ed revaluaiMM Increase accunxjlated in capilal and reserves Sn respect of Ihal asset. Vthere a revaluation decrease exceeds the accunNJlaled revaluation gains accumulated In cap'tal a1 resem8 in resped of thal assel. tr excess shall be recognised in profil or loss. Dgprnclatlon Depreaation is calculated so as lo lIe off Ihe cost or valuation ol an asset. le33 tts residual value. over the useful economic lile of that asset as lollows.. If there is an indication that there has been a slgnificanl ¢ar#Je In depreaation rale. useful life or residual value ol t8rvJible assets. the dekYec4a16on Is revised to fefleci tr new estimates. Impalfm•nt A re¥iew Iw Indlcatm of lffyirment Is caNied out at eath reportirq date. Imth the recoverable arnounl being estimated such irKlicators exisl. Vthfe the caryiTh3 value exceeds the recoverable amount, the asset Is Impaired accordlryJty. Prior Impaimnts are atso revEwl for possible reversal al each reporting date. Vthen rt ts not possible to estimale the recoverable anM)unl of an Indiwdual asset. an estimate b made ol the reverable amount ol Ihe caShenerab'n9 unit lo vthich ihe asset belongs. The CaseneratIr unit is the smallest identifiable group ol assets Ihat indudes the asset and generales cash inflow5 thal are largety Independent of the cash Inflows from other assets or groups ol assets. Government grants Govemmenl grant5 are recognlsed at the falr value of tr assel received or receivable. Granls are not fecognised until there is reaswable assurance Ihal the company wll compty vth Conditions 8ttachiThJ io them and Ihe grants V•ill be received. Govemment grants are recognised using the acuual model and the perfom)ance model. Under the accrual model, government grants relatiro lo revenue are recognised on a systemats'c basls over pefil)ds In ¥*thich the cDmpany rectr3nises Ihe lated cosis fof %thich grant is intended to compensate. Gfanls thal are receivable a$ compensats'on lor expenses or losses already Incuned Of lor the purpose of givirvJ Immediale finandal support to the entty w'th no future related cosls are recognised In Income In the period in ¥thich it becomes reIVae. Grants relatsivJ lo assets are recognlsed In Income on a systematlc basés ovef Ihe expecied useful life ol the asset. ere part ol a grant relats'ng to an asset 1$ delwred.11 Is fecognlsed as deleTred incor aThJ not deduded Irom the carrylw amounl of the assel. Vrmjer Ihe performance m(yJel. Véthere the granl does nol Impose specified lulwe perf0MnCe-re1aIed conditions on the feclpienl, 11 Is rewnised In Income vthen Ihe granl proceeds are received or receivable. ere the gTanl does Impose specified future perfonnancfrrelated cdItIonS on the recipent. il Is recognised In Income only lthen It perfonnance-relaled conditions have been mei. ere granls reiVed are prlor lo sallsfyiThJ the ievenue recognitson cnleria. they are iecognlsed as liabTr'lity. P•g• g cs Camscanner
Compary lknlt•d by guarant Not•s to tho financlal StatTh (¢ontlnu•d) Fln•nclal In•trum•nts OtscoleO at a market rale ol Yrteresl a debt intrlffrv efererKe shales are traded (Y Itff la¥ vakn t¢ ffeaswed fehably, IINI invesirnenl is s[Seqty nasLred al laK vak wth (tharges in fa'r recOW in wofit c¢ loss. other SLK investnwits a sUbseqnuy nas(red al cosl tyaYrrw. lor an assel is delerred brytyml Trynwl lef 41 a rats ol Kilwesl Ihat Is not a market rale. In cti case tr assel is fiased al IM of t firtufe payrrnnls discounled al a markel rate ol Wrteresl a sylr det4 Financial assets Ihat are fraswed at CO N rtsed cost are ieved lar otyecth evldence ol impa1nI at the eTrJ of eath rekx¥bfWJ dale. M 04ecve ewJefKe ol Irryaimxnt. an impairment loss is recogrwsed in wofil or loss IrrYrnd•. Fof all eq instrwTthS fegardless wwj c4fw assets Ihal are IndiNthlualty significant. Ise are assessed ¥KIMYuaty ts wrpainT%rt. OM asjets or aM¢ss6d irnJi¥iduaUy or grwped M tr bags of $i1ar rJethl nsk dwaclenslKs. reVealS ol are fecc4ntsed or loss WT¥rJiety. to ts exterrt thal feversal D•finod contrlbutlon plans Conth't¥Jts'ons to defird C(mIntKrtK plans arn fecopnised as an expefw n t perkMI in vthith the related Servi is provthd. PrepaMI C(trMrtKfft are rec09rd as an asset 10 tr extenl thal the prepa( wll lead to a fedts.0n in futwe paYnts ¢y 8 cash iefiNMJ. lthen ¢(1n"bI¢y&8 afe rmx expecaed lo be setued 12 ol tr erMI ol reporbiYJ dale in effployees rermler related ser¥icz. the Is Th*asLred M a discounted present value basis. The LThMThJw¥J of is re¢ogr¥sed in fv4nce costs in profil ty loss in period in rt arises. Llmltsd by guarnnt clynpany is limrted by guarantee aThJ does noi a Sha captsl. Employ0• numb•rs Pag9 10 cs Camscanner
Klnawley Communlty Hall A8soclatlon Company Ilmlled by guarantee Notes to the Ilnanclal siat•m•nts Icontlnued) Yoar ondod 31 D•c•mbor 2023 Losslproflt boforn taxatlon Losslprofil before laxalion is staled aller chargIn<edItiTrj): 2023 2022 Depreciauon of taTrJible assets 17,566 18.123 T•nglbl• assets Freehold Flxlure$. property filtlng$ armj equipmenl Tolal Coil At 1 January 2023 Addilions 664.878 88.938 715 753,816 715 Al 31 Decembor 2023 664,878 89.653 754,531 Doprnclltlon At 1 January 2023 Charge lof the year 95.027 13,298 60,847 4.268 155.874 17.566 At 31 Decombor 2023 108,325 65.115 173.440 Carrylng amount Al 31 Docembor 2023 556,553 24.538 581.091 At 31 December 2022 28.091 597,942 Dgbtorn 2023 2022 Oltr*r deblors 249 Cr•dltors: amounts l•lllng due wlthln ong ygar 2023 2022 Sodal secuiity olher laxe8 Other uediiors 201 1,170 153 1,170 1,371 1,323 Page 11 cs Camscanner
Kln4wl•y Communlty Hall A$¥oclatlon Company Ilmlted ty guarant Noto• to th• Ilnanclal stai•ments (contlnu•d) Y•ar •nded 31 t)•cgmb•f 2023 10. Credllor&: amounts falllng due •ft•r mor• than on• y•ar 2023 2022 Other uedrt 237.459 243.276 Pag•12 cs Camscanner