## STRABANE COMMUNITY UNEMPLOYED GROUP —_——— SE NEE EE LOYED GROUP
## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025
|||Unrestricted|Restricted|Total
Funds|Total
Funds|
|---|---|---|---|---|---|
|||Funds|Funds|2025|2024|
|||£|£|£|£|
|Income from||||||
|Grantsanddonations|3|20,680|84,830|105,510|127,700|
|Total incoming resources||20,680|84,830|105,510|127,700|
|Resources Expended||||||
|Charitable activities|4|.|87,170|87,170|88,034|
|Interest payable and similar||||||
|charges||-|-|-|-|
|GovernanceCosts||-|1,453|1,453|2,377|
|Total resourcesexpended||-|88,623|88,623|90,411|
|Net Income forthe year/||||||
|Netmovement in funds||20,680|(3,793)|16,887|37,289|
|Fund balances at 1 April||||||
|2024||34,113|110,135|144,248|106,959|
|Fund balances at 31||||||
|March2025||54,793|106,342|161,135|144,248|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
Page | 9
## STRABANE COMMUNITY UNEMPLOYED GROUP
## BALANCE SHEET AS AT 31ST MARCH 2025
||||2025||2024|
|---|---|---|---|---|---|
||Note|£|£|£|£|
|Fixed Assets|7||25,217||22,432|
|Current Assets||||||
|Cash atBankandin Hand
Debtors||138,319
a
138,319||122,771
ee,
122,771||
|Creditors: Amounts falling due||||||
|within one year||||||
|Creditors and Accruals|9|(2,401)||(955)||
|NETCURRENTASSETS|||135,918||121,816|
|NETASSETS|||161,135||144,248|
|Capital and Reserves||||||
|Unrestricted funds - general
Restrictedfunds|||54,793
106,342||34,113
110,135|
||||161,135||144,248|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these accounts.
The trustees’ responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing accounts 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 incoming resources and application of resources, including its income and expenditure, 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 accounts, so far as applicable to the company.
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 (sg le t [202.Sand signed on its behalf by:
(Director)
(Director)
Page | 10
## eNOSTRABANE COMMUNITY UNEMPLOYED GROUPNEM PLOYED GROUP
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
## i Accounting Policies
## Charity Information
Strabane Community Unemployed Group is a private company limited by guarantee incorporated in Northern Ireland. The registered office Unit 8, Market Centre, Strabane, Co Tyrone.
1.1 Accounting Convention
The accounts have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)"(as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2 Going Concern
At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future, Thus the trustees continue to adopt the going concern basis of accounting in preparing the accounts.
13 Charitable Funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts.
Page | 11
## STRABANE COMMUNITY UNEMPLOYED GROUP Sense SN UNEMPLOYED GROUP
## 1.4 Incoming Resources
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of Covenant is recognised at the time of the donation,
Investment income represents bank interest receivable during the year.
Turnover is measured at the fair value ofthe consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other related taxes,
## 1.5 Resources Expended
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure on charitable activities includes the costs of services undertaken to further the purposes of the charity and their associated support costs.
## 1.6 Tangible Fixed Assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual value over their useful lives on the following bases:
Plant & Equipment 20% Reducing Balance Fixtures and fittings 20% Reducing Balance Tenants Interest In Property 10% Reducing Balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sales(expenditure) proceedsfor and the theyear.carrying value of the asset, and is recognised in net income/
## 1.7 Impairment of Fixed Assets
At each reporting date, the charity reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
Intangible assets with indefinite useful lives and intangible assets not yet available for use are tested for impairment annually, and whenever there is an indication that the asset may be impaired.
Page | 12
## REBAROUNEMELOYEDSTRABANEINE AMEN COMMUNITY UNEMPLOYED GROUPGROUP
## 1.8 Cash and Cash Equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other shortterm liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## 1.9 Financial Instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial Instruments are recognised in the charity’s balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## Basicfinancial assets
Basic financial assets, which include debtors and cash and bank balances are initially measures at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## Basicfinancial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## Derecognition offinancial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.
Page | 13
## STRABANE COMMUNITY UNEMPLOYED GROUP LEO A MEM NEL Y UNEMPLOYED GROUP
## 1.10 Employee Benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## 2;
## Critical Accounting Estimates and Judgements
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## 3% Grants and donations
||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|
||Funds|Funds|2025|2024|
||£|£|£|£|
|Donations and gifts
Grants receivable|680
20,000|-
84,830|680
104,830|2,193
125,507|
||20,680
84,830
105,510
127,700
AN||||
|Fortheyearended31 March 2024|12,193|115,507||127,700|
|Grants receivable for core activities|||||
|Department ForCommunities
Sisters ofMercy
National Lottery
JohnMoore’sFoundation
NI Housing Executive
Strabane Ethnic Group
WritersGroup United
CharityDance
PowerNI
AlpkitFoundation
Donations|-
20,000
-
-
-
-
-
-
-
-
680|23,098
-
56,877
3,655
-
-
-
-
1,000
200
-|23,098
20,000
56,877
3,655
-
-
-
-
1,000
200
680|22,736
10,000
91,025
-
1,746
100
250
1,843
-
-
-|
||20,680
84.830
105,510
127,700
eh||||
Page | 14
## STRABANE COMMUNITY UNEMPLOYED GROUP
## 4. Charitable Activities
‘,
||2025|2024|
|---|---|---|
|Rent
Rates
Maintenance ofPremises|£
5,979
188
-|£
5,979
104
112|
|Maintenance ofOffice Equipment
Light& Heat
Stationery, AdvertisingandPostage|300
2,359
768|1,436
1,967
742|
|Telephone
Administration Costs andVolunteerPayments
Wages
EmployerPension Costs|904
284
59,733
649|1,383
190
63,356
705|
|TrainingCosts
Insurances
Evaluation Fees
Learn& PlayExpenses
Bank Charges|1,762
1,349
2,000
3,415
247|3,408
1,843
-
-
269|
|Crafty Quavers expenses
Subscriptions
Donations
Miscellaneous
Depreciation|220
95
-
665
6,253|147
104
50
688
ol|
||87,170|88,034|
|Analysis by fund|||
|Unrestricted funds -general|-||
|Restrictedfunds|87,170||
||87,170||
|For theyear ended 31 March 2024|||
|Unrestricted funds -general
Restricted funds||2,022
86,012|
|||88,034
~~|
## Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## 6. Employees
## Number of employees
The average monthly number of employees during the year was:
||2025|2024|
|---|---|---|
||Number|Number|
|Employees|3|3|
Page | 15
## STRABANE COMMUNITY UNEMPLOYED GROUP SEMEN UNEMPLOYED GROUP
||Employment Costs|||||
|---|---|---|---|---|---|
|||||2025|2024|
|||||£|£|
||Wagesand Salaries|||59,733|63,356|
|%|Tangible Fixed Assets|||||
|||||Tenants||
|||Plant&|Fixtures&|Interest In||
|||Equipment|Fittings|Property|Total|
||Cost at IstApril2024
Additions
Disposals|37,984
9,039
-|11,413
-
-|2,945
-
-|52,342
9,039
-|
||Cost at31stMarch2025|47,023|11,413|2,945|61,381|
||Dep'nat IstApril2024
Charge foryear|17,997
5,805|9,376
408|2537
41|29,910
6,254|
||Depn at31stMarch2025|23,802|9,784|2,578|36,164|
||NBV at IstApril2024|19,987|2,037|408|22,432|
||NBV at 31stMarch2025|23,221|1,629|367|25,217|
|8.|Financial Instruments|||||
|||||2025|2024|
||Carrying amount offinancial liabilities|||£|£|
||Measured atamortised cost|||2,401|955|
|||||2,401|955|
|9.|Creditors : Amounts fallingdue within oneyear|||||
|||||2025|2024|
|||||£|£|
||Accruals|||2.401|955|
|||||2,401|955|
Page | 16
## ENEMYSTRABANE COMMUNITY UNEMPLOYEDLOYED GROUPGROUP
## 10. Taxation
## The charitable company is exempt from corporation tax on its charitable activities. 11. Analysis of net assets between funds
**----- Start of picture text -----**
|||||||
|---|---|---|---|---|---|
|Unrestricted|Restricted|Total|
|Funds|Funds|2025|
|£|£|£|
|Fund|balances|at|31|March|2025|
|Are|represented|by:|
|Tangible|assets|1,213|24,004|25,217|
|Current|assets/liabilities|53,580|82,338|135,918|
|eT54,793|106,342|161,13519|
|12;|Related|Party Transactions|
**----- End of picture text -----**
There were no disclosable related party transactions during the year (2024 - £nil),
Page | 17
## STRABANE COMMUNITY UNEMPLOYED GROUP
## DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2025
||2025||2024|
|---|---|---|---|
|Income|£|£|£
£|
|Department ForCommunities
SistersofMercy
National Lottery
NIHousingExecutive
StrabaneEthnic Group
WritersGroup Unite
CharityDance
JohnMoore’s Foundation
PowerNI
AlpkitFoundation
Donations|23,098
20,000
56,877
-
-
-
-
3,655
1,000
200
680||22,736
10,000
91,025
1,746
100
250
1,843
-
-
-
-|
|Expenditure||105,510|127,700|
|Rent
Rates
Maintenance ofPremises
Maintenance ofOffice Equipment
Light&Heat
Stationery, AdvertisingandPostage
Telephone
Administration CostsandVolunteerPayments
Wages
EmployerPensionCosts
Training Costs
Insurances
Learn& PlayExpenses
Accountancy
Consultancy
Evaluation Fees
Bank Interest andCharges
CraftyQuavers Expenses
Subscriptions
Donations
Miscellaneous
Depreciation|5,979
188
-
300
2,359
768
904
284
59,733
649
1,762
1,349
3,415
1,098
355
2,000
247
220
95
-
664
6,254||5,979
104
112
1,436
1,967
742
1,383
190
63,356
705
3,408
1,843
~
1,075
1,302
-
269
147
104
50
688
5,551|
|||88,623|90,411|
|Surplus/(Deficit) ofIncomeover
Expenditure||16,887|37,289|
The detailed Income and Expenditure Account does not form part of the Financial Statements.
Page | 18