STRABANE COMNILIYITY L'NFIIPLOYED GRObP IJDEPEJDENT EXA.%IINERS' REPORT TO THE MEMBERS OF STRABANE COMML)ITY U.NEIIIPLOYED GROLIP We report on the ac¢ounts of the company for the year ended 3 1st F¥larch )024. y'hiLh are set out on pages 9 10 17. Respective Responsibilities of Trnstees #nd ExAminer Tiic Trustces (ii'ho arc also IhL dir¢c(ors old)c companv for the pury)oses of compans. lawl are re.%ponsible lor the prepdratlgn of ihe iccoiints ill accordance ""ith the requir¢Tttents of ihc Companies Act ?006. Haviiiu bdlisficd ours¢1i'cs thai th¢ charity is 4ot subject (o audit under ¢otRpany laii. and is eligible for independent examination, il ]% our r¢%ponsibility' to- exai))in¢ the COUnts uiider section 65 of the CharÉiies_Act' to folloiv procediirc% laid doii'n in the oen¢ral directions gii'en b). the Charity Commission for Northcrn Irelaiid linder section 651gllbl of thL ChariiiLS Act.. and 10 statL 14'hLihLr pw'¢icular InaiÈei% hai ¥ Loine to our atteniion. Basis of independent examiners, ri'port IVL hai'¥ LxaiiiinLd yciur ihdrilv (ILLLiunib as r¢quired undcr 5eciion 65 of the Chariiie% Aci and our ei2mination carried oiit in accordance M'ith the general DirecTions gii'en bv the Chariti. Commission tor Northeni Jreland under SLLtion 0519llbl of the Charilie% Aci. The exxmination ineluded a rci.'iLlI' of the accounting rL'cnrds kept bs the charit)" and a comparison of the accounts presenied ivith those recurd5. li also ineludcd coiisideration of Anv iiiiusiial iiein% or disLloqurL'% in ihe accouni%. and seeking explanation from you a% Lh#tY Inistee ¢onceming %uch matters. Our rolc is to srate M.hether anv material matters haN'e come to oui attenlion gii-ing us caus¢ to believe.. l. Tlidi aL¥ouniin4 rLLord¥' Ivere noi kepi in accordance M-iih seciion 31g6 ot-lhe Companies .4ci 20Q6 2. Thai the ae¢ountg do not accord wilh tho.8e records l. Thal the acLITrLinls dn not compl)- 'th ihL aLcounting requircments of SL'Ction 396 ofiliL CiTrnipanies ALI 2006 and w'illi tl)¢ tnLthLxts prinLipIL'% ofihL Chdriiie% Sthicment of RiLx>inmended Practice appliLable to charili¥% preparing their aLLounlfi in alCordnce with ihe Finattcial RLI)OTting Standard applicable ihe L'K and RepLibliL ot Ir¢land. 4. That thcrL is funker Infornlion nLLxl¢d fur a proper undcrstsnding of ihe accounts to be reached. Independent eAamincr5' Statement WL lidl'L LomplLtid our L.X(iiniiidtioi) ld h4iVC no concerns in rcspecr of the matters I l } to141 listed dbove and. in c(TrnnLciion w.iih following ihe Direction% of thc Chariry Commission tor liorthern Ireland, we haTre found no maiters that require dtam'ing to your attention. Sinead O'Doherty Scs" Q Chartcred Accountani 20 CTIelli'i¢" Manor Str4ibanL Co "fyrone Dated.. Pagcls
STRABAYE CO.II%ILTYITY L'NF.11P1.OYF.D GROLP STATENIENT OF FINANCIAI, AcfiviTIES FOR THF. YEAR ENDED 31ST IIARCH 2024 Total Trund5 Tofal Funds 202.1 L."nrestrieted Fvnds Resfrieted Funds 2024 Income from Graiiis and donations 115,507 127.700 147.452 To141 illcomiDg resourees 115.507 127.700 147,4$2 Resources Expended CharitlbIL ailii'itiL 2.022 86.01 88,034 62,803 IFtteres1 payable and .%imilar Lharqi's Governance Costs 2J77 4,110 Total resources eipended 88.389 90.411 66,913 'et Income for the i'earl 'et zllovemenl in funds 10.171 27.118 37.289 XO.5.39 bund balance5 at l April 202.1 2.3.942 83.017 106.959 Fund balance5 at 31 l#rela 2024 34.113 10.1.35 144.248 100.959 Thc statement of fanCIal aclii ities includcs all Qdins and losscs r¢cognisLd in ihe N'ear. .411 incotne and expenditure deri%"e trom ¢ontinuing aciti-itTe.s. The %iatemcnr of finanLial dcfil'iiies also complies Mith the requireinents for an income and expenditure account under the C-ompanies Act ?(Kb6. Page19
STRABANE COIIINILJITY UNF.NIPLOYED GROLP BALA.NCE SHEET AS AT 31ST NI.4RCH 2024 2024 2023 Fixed Assets 21.43? Current Assets C'ash ai Baiik and in Hand DLbiors 1??.771 98,603 12?,771 98.603 Creditors: .4mounts falling due ii'ithin one l'ear Creditors and Accruals (955) (9361 ET CLIRREI¥T ASSETS l?1,816 97.667 NE'I ASSETS 144.?48 l 06.959 Capital and Resen'es Liii-e.sli'iclLd tiindb - bvcneral RestriLied fund 34.113 110.135 ?3.942 83.017 144.?48 106.959 The cornpany 1% entitled lo ihe c_Kempiion from the audil requiremeni contained in section 477 of the Coinpanies .4ct ?006. for Ihe }'ear ended 31 March 10?4. N'o meTnher of the companj hns depositcd a notice. pursLEant to scction 476. rLquiriiig an audit of thcsc accouiiis. The tnistee8' responsibilities for ensuring ihat tlie charii}' keeps accounting records which coinply witl) SLLlioii 386 of tlie ALt atid fur preparin¥ accounts 'hICh give a IruL and fair N-icM- of the state of atfair% of the company as at the end of the financial }'ear and of it5 incoming resoui-ces and appliLdlion of itsourLes. inLludiiig its inLOTne iind e.Kpendilure. f()r Ihe tinancial year in acLOI-dance with the requircinents of s¢ctions 394 and 395 and M-hich otheN-i%e comply MTlth ihc requiren)cnts of the Coiiipatiies ALI 2006 relating to accounis. so far as applicable to the coinpany. These accounts have been prLparcd in accordance '1th the proi-isions applicable to conipaniets subject to Ihe small companies regyime. Th¢ Financial Staiemenis were approN'ed by the board on I and signed on its behalt- by.. Mr D O'Hagan IDirectorl MT Gerard DeN'lin IDiiector) Pagke | 10
STRABANE CO,%IMLINITY L'NEMPLOYED GROLP OTES TO I'HE FIN.4Tr4CIAL STtrlTEFIlEPyTS FOR THE I"E.4R E,YDED 31ST IIARCH 2024 Aceountinu Policies Charih, Information Sirabanc Coininunity Uneiiiploved Group is a pril'ate company liniit¢d by (yuardniee incorporaied in Northern ITeland. The regislered office Unit 8. Market Ceiitre. Strabane. Co Tyrone. Accounting Coni"ention The ace(iuntg hai'¥ bcen prL"paiLd in accordance '1th IhL charily's .MLin()raiiduni and AniLIL ot Association, the Companies Act ?006 and "AccouniingT and Reporting by ChariliLS'. Staiemeni of ReLonimended Practice applicable to chariiieq preparing their accounts in accordance '1th Financial Reporting Siandard applicablc in tlie UK and Rei)ublic ol. Ireland IFRS 102)"1&s amended for accounting periods commencing from l Jdiiuari ?OIC)). The Ch£11Y IS (t Public Benefit Eniiiy as defined by F RS 1112. Thc charity has lakcn adiantage of ihc provÉsions in the SORP for charities applsing FRS 102 pdate Bull¢tiii I not to prepare a Statement of Cash Floivs. The accounts are prepared tn sterling. w,hich is the functional eurrency of the cliarity. Moneiary amounts in ih¢se tinancial siaiements ar¢ rounded io the nearest £. The hai'e been prepared under the historical CSt coni"ention. modified to include the revaluation of freehold properties and to include investment propei1ies ¢tnd certain fin4incial instruments at fair N'alue. The principal accounting policies adopled are set out below. Going Concern At the iirne of approving the accounts. th¢ trustees hai"e a reasonable exCtatIon that Ili¢ charity has adcquate resources to continue in operatioiial exÈstence for the foreseLable future. ThLlS the tru%tLes continue io adopi the going concern basis of accounting in picparing ihc acLounts. IJ Charitable Funds Unrestrictcd funds are available for usc at the discretion of the trustees in furthernncc of tliLir charitable objectii.es unless the funds hai'e been designated for other purposes. Restricted funds are subject lo specific conditions by donors as to hoMT they may be used. The Pllrposcs and use5 of thL re%lrictLd funds arc sel out in tIIL no(¥s to the accouiits. Pagcl 11
STRABANE CO]Iq.ML;NITY UNEIPLoyF.D GROLIP Incoming Resources Income is rccognised M'hen the charil), is le?ally entiiled 10 it afier any perform(Ince conditions haN'e beLn met. the amounts can bc measurcd reliably. and it is probable iliat income h'ill be receii.-ed. Cash donaiions are reLognised on receipt. OiheT donations are rccognised once the charity has bL'en nolifiL'd of tlie donation. unless PL"rfoniiancc condiiions requirc deferral of the amouiii. Incoinc lax recoverablL In relatton io doiiations received undcr Gift Aid or decds of CoN'eiiaiit is recognised ai the lime ol"Ilie donaiion. InN'estmeni tncome represcnts bank int¢reat re¢¢ii"able during the year. Tiirnoi'cr is mcasurLd at thc fatr value of the considcrallon receti.ed or receii'able and repTe%enis amounts receivable for &7oods and sen'ices provided in the iiomial Lourse of busine%s, iiet of discounis. VAT and other rL laied taxes. Resources Expended E.IpLnditure is reLognised onc¢ Ihere is a leual OT constructive obligalion to make a payment to a third party, il is probable that 5ettlemeni will bl required and the amounl of the obligFation can be measured reliably. Expenditure on charitable aclii"Ities includes the costs of services undertaken io fLUther the purposes of ihe charity and their associated support costs. Tangible Fixed Assets TangTIbl¢ ftxcd asscts are initially mcasured at cost and subsLquenilv m¢asured at co%1 or valuaiion. net of depieciation alld any tmpaim]ent losse%. Depreciaiion is recognised so as to rite off the cost or valuation of assets less their residual value over their useful lives on Ihe follow'ing bases= Plant & Equipment Fi.KliirLs 4ind fiitin(Ns Tenani¥ Interes( In PToperty ?OO/o Reducing Balance ?0 /0 Reducing Balance IOD/o Reducing Balance Thc gain or logs arising on the dispo1 of an asset is dctLYmined as thc differcncL betW'Lcn thc salLS proceeds and Ihe canying i'alue of ihe asset. and 18 recooni%ed in nct income I {cxpenditurc) for thc yLar. Impairment of Fixed Assets At each reporting dat¢. the charit! reN'-ieivs ihe carr)-in? amounts of 115 tangible fix¢d abseis lo determine M'heiher Ihere is any indication thal tho%e assets haN'e suftered an Imiiairmenl loss. If any such indicalion exisls. Ihe recov¥r(tble ¢iifiouiii ol. the dssei is estimated in order to detemiine the exteni of the impairn)ent loss (if any). Lnlangible assets wilh indefinite i18eI lii.es and intangible a%qeis not yel aiailable for use arc tegl¥d for irnpaimient annuall}', and w'henel'er Ih¢re is an indicatton thai the a.%set may be Impaired. PagL j 12
STRABAS'E Co1111L1'ITy UNFIIPI.OYF.D GROUP Cash and Cash Equii'alents Cash and ca%h equi¥alent.% include. cash in hand. depo%lts held ai call '1th bank.8. oiher short- tLnn liquid ini'istinents w'ith original maturities olihrL¢ monili.8 or less. and bank oi'erdrafts. Bank oi'erdraftf are M'ithin borroii'ings in currL"nt liabiliiics. Financial Instruments The Lhiiriry has elected lo appl>. the provisions of Section I I "Basic Financial Instruments, and S¢clion 12 '0ther Financial In5trnmcnts Issucs of FRS I O? to (ill of its fiiiiillLtAI instruments. F'inancial Instruments are recognised in Ihe charTty"% balance shect when the charity bccomcs parti. lo thL Loniraclual pro'isiuns of Ihc inslruincni. Financial asscts Éind liabililie5 arc offsei. with tlie nel ainounts presented in IhL fjnancial Stai¢mLnts. 'hell there is a legall5- enforceable right lo .set off Ihc rccognisLd aiiiounls and there is ali inteniion lo settlL on a net basis or to realisL' Ihe assci and Settle ihe liabilitv simultanLousIv. BasicfinanLial assets Basic finanLial assets. which include debtors and Lash and bank balanLes are iiiitldlly measures at transaction price including transaciion Lost8 and are %ubsequently carried at <imorti%ed Losl using thc elTeciii'e interesl method unles5 Ihe arrangernenl Lonstitute%' a rinancing tran%action. 'here the tranCtIOn is m¢asurcd at tliL prescnt i'aluc of the futui'L receipts discounied ill 41 mai'kei raie of interest. Financial ass¢is cla55ifi¢d &s recei&able within one year are noi amortised. Basi<'finaneial liabililies Basic financial liabilities. including crcd1r0 and bank loans are initially recoqniscd at transaction price unless thi arrangemeni constitutes a financing transaction. u"IicrL thL dcbt instrument is mcasured at Ilic prLsent valttc of the futurc payinents discounted at a niarkei rate of interest. Financial liabilities classificd as paiable within one year arc not iiinortiscd. Debt instruments are subsequently carrted at amortised ¢05t. using the effecti%'e interesl rate method. Tradc crLdilor% arc obligaiions to pay for goods or services Iliai hai"L been acquired in the ordinary course of operations from suppliers. Amounts payable are Llassified as eurreiit liabil ilio it. payment is due H'ithin one )"ear or le%s. If nol, they Lire presented as non-CUTrent lidbilities. Ti'ddL Lreditorty dre i'eLogni%ed tniiiall!. ai transaciiun price and .%ubsequenily measured at amortised cost usino the effective interest niethod. Dere£'ognition offinancial liabililies Financial liabilities are derecognised when Ihe charity's Lontractual obligations expire or are disLhar¥tyd or Lancclled. Page | 13
STRABANE COMN1L'N'ITY UNENIPLOYF.D CROUP 1.10 Emploiee Beneftts The cost of any unused holiday entitlem¢nt is recogni%ed in the period in ll.hich the employee's sen'iccs arL reccii'Ld. Termin21ion benefit.% are rccognigcd immediately as an cKpcnsL -1]en thL cliarity is dLmLinsirabl}' committed 10 tenninate the employment of an employee or to proN'ide tLrniinalioii bLnLfitS. Critical Aeeounting Estimates and Judgements In the applicalion of the charity's accounting policics. the truslcLS arL rcquirLd lo makL judgements. eslimales and a%sumption.q aboui Ihe carying amount of assL'ts and liabilities ihat arL nol rcadil). apparLnt from othLr sources. ThL esiimatLs and as.sociated assumptions ar¢ ba%ed on historical expenence and other factors that are Lonsidered to be relei"anl. ALiual results may dit-fer from these e.siimates. The estimates and undcrlying assumptions are rel'ie'ed on an ongoing basis. Revisions to accounting L%linialcs arL fLCOLillisLd in Ihc pLriod in ii'hicb Ihe Lsliiiiaie is i-evi£Ld H,"hLI-e Ihe revision affects only that pcriod, or in the PLnod of the revision and futurc pL'riuds whLfL IIIL re.110n affects both current and futu periods. Grants and donations L nrestricted Restricted I'otal Funds 2024 Total 2023 Donations and £ifts Gran receivable 10.1 114 507 125.507 147.452 I l i.507 127.700 147.452 For the Thear ended 31 .%lareh 2023 4,995 147.4$1 Cyr2n*s receivgble for core acdiities DLpartn]eni For ComnTriinili¢s Derry and Strabane Districl Council Sistcrs of Mercy National Lottery Kathlcen Ciraham Trust NI Houbiiig ExcLuIIi'L Strabane F.thnic Group Wriier% Group Unilid Charily Dance 22,736 22.736 28259 4.780 i 0.1) 10.000 91.025 91.U2i 1O9.41X 4.995 1.746 1.746 100 ?50 1.843 250 1.843 11 $ 507 1 ?7.700 147,45• Page | 14
STRABAYE CONINIUNITY lJ'NFNIPI.OYED GROLP Charitable Actii'ities 2024 2023 Rent RaiLS MainteE]ance of Preniiscs Nl(iiiiienanLe of OtTice Equipment Ltghi & Heat Sii]IIoiiLry, AdvLrtising aiid PosiagL Telephone Admini%iralion Costs and Volunieer Pdj'ments 5.979 6.of 6 112 955 -148 1.967 742 1,383 1.099 1.6?8 3)8 41.634 249 63.356 705 Eniplover Pension Cost5 Trdinin&F Costs Insurance% Leain & Play Expenses Bank Charges Crafty Quai'Lrs expenses Siibscripttons Dondiions Mi%ccllanLOUS DLpfLLI(iiion l.S43 ,099 269 147 104 1.37 444 688 S.)51 805 2.260 88.034 62.803 An211'sis bv fund Unrestrtcted tiinds - general Re%triLled funds. ?.022 86.012 88,034 For the Tr'ear ended 31 March 2023 Unr¢sificied funds" _ tseneral Restricted funds 4.995 57.808 Trustees None of the trustees (or any wns connected with thcm) rceeived any rciniineration or bLnefits from lh¥ charity during the year. Emploiees urnber of emplo!'ee5 The dl'erage munihly number of employe during the year ivas: 2024 Number 2023 umber Employees Pa&ye | 15
STRABAN'E COIIIMLNITY UYF.NqPI.OTr'F.D GROLP Emplo>ment Costs 2024 2023 Wdges and Salaries 63.356 41.634 Tangiblc Fixed Assets Tenants nteresÉ In Property Plant & Equipment Fixtures & Fittings Total C'ost at I st April ?02i Additions Dispo.%als 11.413 ?.945 33,651 1%.691 18.691 Cosi at i I st Lmarch 20?4 37,984 11,413 9.945 52.342 Dep'n at I st April 20?3 Charge for year 13.000 4.997 8,867 509 2.49ti 45 Depn at 31st March 20?4 17,997 9.376 2.537 29.910 NBV al 1st April 2023 2.546 4)3 N'BV ai 3 1st March 10?4 19,987 408 ??.43? Financial Instruments 2024 2023 Carrving amount of financial liabilities Miasured at amortis¢d Cost 955 936 955 936 Creditors . Amount5 falling due Thithin one !'e4r 2024 2023 ACC15 955 936 955 9_16 Pagel 16
STRAB.4YE COI¥INILIS'ITY UYEIIPLOYED CROUP io. Taxation The Lhariiable comp4iny is exempi from COTtK)ration lax un its eharitable actii"ities. -4nal!'sls of net assets bem'een funds Unrestricted Restricted Total Fund5 unds 2024 Fund balances at 31 March 20?4 Are reprented by: Tangible assets Current asslIabIlItieS -3,11? 31.1101 90,815 1?1,816 110,135 144.?48 12. Related Partv Transactions There were no disclosable rclaled party trdnsactions during the year (20?3 - £nil). Page117
STRABAS'E CONlI1 ILYITY UNEIIPI.OI'F.D GROUP DETAILED IYCO%IF. AND EX'PF.NDITLRF. ACCOUYT FOR THE YEAR E.YDED 31ST LlgARCH 2024 21124 202.1 ncome Depanmenl For Communilies DLrry and SirdbanL District Cuuncil Si8ter.s of MerL)' National Lottery Katlileen Grdham Trust Nl Flou%ing ExecutiN'e SirabanL EIliiiiL (iroup Writers Group Unite Charity Dance 4.780 28.759 i 0,000 109.418 4.995 1.746 ?50 .843 127.700 147.452 Expenditure Rent i,979 6.05() Maiiiieiiance of Preinises laintendnce of oifiLe Equipment Lig,hi & Heal Stationerv, Advertising and Postagc Telephone Adrnini%tration Costs and Volunteer Payments Wages F.iiiplo!er Pension Costs Ti'(iinin2 Coslb Insurances Lknarn & Play Expcns¢s Acvoiintancy Con%uliancy F.Traluaiion Fees Bank Interest and Charges Crafty Quai"eF5 E"xpenqes Subscriptions Dondlions MisLell&1neous DLprccialion 1,43() 1.967 74? 1,183 190 6j.3S6 705 2.013 1.099 1.6?% 358 -34Y 1,099 1.843 1.07) gC)I ?.749 400 1.37 444 147 688 5.551 805 2,760 90.411 ()Ci.913 Surplus l (Deficit) of Income oi'er Expenditure 37.289 80.539 The deiailed Income and Expendiiure Account does noi forni part of the Financial Staremenls. Pagye | 18