REGISTERED COMPANY NUMBER: N1071575 (Northern Ireland} REGISTERED CHARITY NUMBER: 100403 Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 October 2023 for KILKEEL CHARITABLE TRUST M.B.McGrady & Co Chartered Accountants Ratlllnore House 52 St Patricks Avenue Downpatrick Co. Down BT30 6DS
KILKEEL CHARITABLE TRUST Contenls of the Financial Statements FOR THE YEAR ENDED 31 OCTOBER 2023 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statement5 to 13
KILKEEL CHARITABLE TRUST Report of the Trustees FOR THE YEAR ENDED 31 OCTOBER 2023 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 October 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recornmended Practice applicable ¢0 charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The company is established to promote the development of community based projects which will enhance individual's skills, confidence and well-being. Significant activities The charity has been delivering a programme of personal well-being through their involvement with the Healthy Living Centre Alliance. This is a network of community led health improvement organisations based in areas of high health inequalities throughout Northern ITeland. The charity has initiated a number of programmes within the Kilkeel community aimed at initÈatives to encourage individuals to take control of thetr own health and well-being. The prograrnmes delivered within the community offer support to people to self manage long terni chronic pain relief to encouragement on activities to enhance both individual physical and mental health recovery and the individual's inner well-being. Public benefit The public benefit afforded by the charity to the inhabitants of Kill(eel and the local wider community IS the knowledge that there is a support group providing access to programmes aimed to promote and facilitate issues encountered in today's stress1 and hectic modern life. With the pressures upon individuals tenns of mental and physical wellbeing the charity offers a channel whereby those in the community wkth physical and emotional issues can seek guidance through targetted programmes and with the knowledge that they are not isolated with no avenue of support. This is the role and purpose of Ki]keel Charitable Trust within the community. ACHIEVEMENT AIYD PERFORMANCE Charitable aetivities The charity continues to play an important role in the local community of Kilkeel through its initiatives 5Utrounding both physical and mental health well-being. Within the fmancial year KiIkeel Charitable Trust delivered additional programmes through "Better Health Through Better Living" and "Better Days Programmes. In conjunction with the Healthy Living Centre Alliance programmes were brought to the community to enable those to develop better lifestyle choices which impacts on health to those who are seeking ways and means to self manage ClOnIC pain in their life. In going forward the charity is introducing a social prescribing programme which seeks to increase access and encourage activities to enhance the participators well-being but also to bring our their positivity and outlook towards life. FINANCIAL REVIEW Principal funding sources The charity continues to seek fLmding streams as part of their membership of the Healthy Living Centre Alliance through which they deliver community based projects desIled to promote personal well-being programmes to aid mental and physical health support to reducing personal social isolation. Funding is also obtained from charitable bodies such as the Community Foundation Northern Ireland whereby grant support is secured to to allow the charity to focus on community led projects aimed at improving the lives of individuals. Reserves poliey The reserves policy of Kilkeel Charitable Trust is to maintain an operating surplus on an ongoing basis thereby accumulating unrestricted funding reserves. These reserves are to be retained in order to meet precautionary fmancial requirements.
KILKEEL CHARITABLE TRUST Report of th¢ Trustees FOR THE YEAR ENDED 31 OCTOBER 2023 FINANCIAL REVIEW Going concern After making appropriate enquiries the board of trustees has a reasonable expectation that the trust has adequate support to continue in operational existence for the foreseeable future. For this reason it continues to adopt the going concern basis in preparing the financial statements. FUTURE PLANS The charity will seek to ensure the provision of community led projects and to support the delivery of these to the benefit of the members of the local community. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The company's name is "Ki]keel Charitable Trust" The organisation is a charitable company limited by guarantee, incorporated on the 26th January 2009, and registered as a charity on the 25th September 2014. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1. The Directors of the Company for the puryoses of charity law and undei the company's Articles of Association shall manage the business of the company and exercise all the powers of the company. Each year one third of the directors shall retire by rotation from office and being eligible offer themselves for re-election. Due to the nature of the charity's work the Directors seek to ensure that the needs of the community are appropriately reflected though the diversity of the dtrectors. To enhance this Directors are sought who have an interest and understanding of the charity's work. RecruItmet and appointment of new trustees The trustees are familiar with the practical work of the charity. Additionally, where new trustees are invited and encouraged to familiarise themselves with the work of the charity and in the context in which it operates. Organisational structure The day to day decision making is undertaken by the Development oificer undei the guidance of the Board of Directors. Financial matters are addressed by the Development Officer in conjunction with the Board of Directors. It is the responsibility of the Board of Directors along with the Development Olyicer to ensure that the nderS regulations are met and adhered to. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number N1071575 (Northern Ireland) Registered Charity number 100403 Registered offiee Nautilus Centre Rooney Road Kilkeel Co. Down BT34 4AG
KILKEEL CHARITABLE TRUST Report of the Trustees FOR THE YEAR EE4DED 31 OCTOBER 2023 Trustees Mr V Aiken M.B.E. Directoi of Sales Mr H Nicholson M.B.E. Fish Merchant Mr G Coulter M.B.E. Manufacturer Mr J Cu]mingham TeachertButcher tr W J Newell MD Seafood Company Mr S McKee Retired Ms M D M Coulter Solicitor Mr A Hanna Entrepreneur Mr K Fitrpatrick BaDking Comp2ny Secretary Mr S McKee Illdep¢ndent Examiner Conaill McGrady FCA M.B.McGrady & Co Chartered A¢¢ouotants Rathn]ore House 52 St Patricks Avenue Dowllpatrick Co. Down BT30 6DS Solicitors Ms Diane Coulter 125 Harbour Road Ki]keel Co. Down BT34 4AT Approved by order of the board of tnjstees on 29 July 2024 and signed on its behalf by.. Mr W J Newell - Tntee
Independent Examlner's Report to the Trustees of Kllkeel Charitable Trust I report on the accounts of the company for the year ended 31 October 2023, which are set out on pages five to thirteen. Respective responsibilities of charlty trustees and examiner As the charity's trustees (and also the directors for the purposes of company law) you are responslble 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 Chartty Commission for Northern Ireland under Section 65{9)(b) of the Charities Act state whether particular matters have come to my attention. Basis of the independent examiner's report I have examined your charity accounts as required under Section 65 of the Chartties Act and my examination was carried out in accordance with the general Directions given by the Charity Commisslon for Northern Ireland under Section 65[9)(b) of the Charities Art. The examinatlon 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 iterns 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 wlth 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 UKand Republic of Ireland That there is further information needed for a proper understanding of the accounts to be reached. Independent examlner's statement I have completed my examination and have no concerns in respect of the matters (l) to (4) listed above and, in connection with following the Dirertions of the Charity Commlsslon for Northern Ireland, I have found no matters that require drawing to your attention. Conaill McGrady The Institute of Chartered Accoiintants in Ireland M.B.McGrady & Co Chartered Accountants Rathmore House 52 St Patricks Avenue Downpatrick Co. Down BT30 6DS 29 luly2024
KILKEEL CHARITABLE TRUST Statement of Finaneial Activities FOR THE YEAR ENDED 31 OCTOBER 2023 31110123 Total runds 31110122 Total funds Unrestricted funds Restricted funds Iyotes INCOME AND ENDOWMENTS FROM Donations and legacies 15,568 15,568 8,240 Charitable activities Charitable activities Restricted fidS 2,000 2,000 35,074 35,074 26,680 Total 17,568 35,074 52,642 34,920 EXPENDITURE ON Charitable activities Charitable activities Restricted ndS 12,148 12,148 35,074 7,796 26,680 35,074 Total 12,148 35,074 47,222 34,476 NET INCOME 5,420 5,420 444 RECONCILIATION OF FUNDS Total funds brought forward 787 787 343 TOTAL FUNDS CARRIED FORWARD 6,207 6,207 787 The notes fonn part of these fmancial statements
KILKEEL CHARITABLE TRUST Balance Sheet 31 OCTOBER 2023 31110123 Total funds 31110122 Total funds Unrestricted funds Restricted runds Notes FIXED ASSETS Tangible assets 633 633 745 CURRENT ASSETS Debtors Cash at bank 11,733 11,733 21,642 29,035 28,987 21,642 11,733 21,642 33J75 58,022 CREDITORS Amounts falling due within one year (6,159) (21,642} (27,801) (57,980) NET CURRENT ASSETS 5,574 5,574 42 TOTAL ASSETS LESS CURRENT LIABILITIES 6,207 6,207 787 NET ASSETS/(LIABILITIES) 6,207 6,207 787 FUNDS Unrestricted ndS 6,207 787 TOTAL FUNDS 6207 787 The charitable company is entitled to exemption from audit under Section 477 of the Companies Aot 2006 for the year ended 31 October 2023. The members have not required the company to obtain an audit of its fmancial slatements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing fanCIal statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each fmancial 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 fanCIal statements, so far as applicable to the charitable company. (b) The notes forn] part of these financial statemenls continued...
KILKEEL CHARITABLE TRUST Balance Sheet- continued 31 OCTOBER 2023 These fmancial statements bave been prepared in accordance with the provisions applicable to chaTitable companies subject to the small companies Tegime. The financial statements were approved by the Board of Trnstees and authorised for issue on 29 July 2024 and were signed on its behalf by.. MT W J Newell - Trustee Ms M D M Coulter- Trustee The notes form part of these fjnancial statements
KILKEEL CHARITABLE TRUST Notes to the Financial Statements FOR THE YEAR ENDED 31 OCTOBER 2023 ACCOUNTING POLICIES Basis of preparing the financial statements The fll)ancial statements of the charitable company, whlch is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporttng by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial ReportRng Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The fmancial statements have been prepared under the historical cost convention. Ineome All incorne is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are re¢ognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings 150/0 on reducing balance Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted lld$ can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Going coneern The trustees assess whether th¢ use of going concern is appropriate in that whether there are any material uncertainties related to events or Conditions that may cast significant doubt on the ability of the company to continue as a going concern. The trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the trust has adequate support to continue in operational existence for the foreseeable future and there are no material uncertainties about the trust's ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements. continued...
KILKEEL CHARITABLE TRUST Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 OCTOBER 2023 IYET INCOMEI(EXPENDITURE) Net income/(expenditure) is stated after chargingl(crediting): 31110123 31110n2 Independent examination fees Depreciation - owned assets 1,750 112 1,780 132 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 October 2023 nor for the year ended 31 October 2022. Trustees, expenses There were no trustees, expenses paid for the year ended 31 October 2023 nor for the year ended 31 October 2022. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestrieted funds Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 8,240 8,240 Charitable activitie5 Restricted fvnds 26,680 26,680 Totgl 8,240 26,680 34,920 EXPENDITURE ON Charitable activities Charitable activities Restricted funds 7.796 7,796 26,680 26,680 Total 7,796 26,680 34,476 NET INCOME 444 444 RECONCILIATION OF FUNDS Total funds brought forward 343 343 TOTAL FUNDS CARRIED FORWARD 787 787 continued...
KILKEEL CHARITABLE TRUST Notes to the Financial Statements - eontinued FOR THE YEAR ENDED 31 OCTOBER 2023 TANGIBLE FIXED ASSETS Fixtures and rittings COST At l November 2022 and 31 October 2023 900 DEPRECIATION At l Novernber 2022 Charge for year 155 112 At 31 October 2023 267 NET BOOK VALUE At 31 October 2023 633 At 31 October 2022 745 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31110123 31110122 Trade debtors 11,733 29,035 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31110123 31110122 Bank loans and overdrafts (see note 8) Trade creditors Accruals and defeed income 4,360 21,641 1,800 13,848 42,332 1,800 27,801 57,980 LOANS An analysis of the marnrity of loans is given below: 31110123 31110122 Amounts falltng due within one year on d¢mand.. Bank overdrafts 4,360 13,848 io ontinued...
KILKEEL CHARITABLE TRUST Notes to the Financial Statements- continued FOR THE YEAR ENDED 31 OCTOBER 2023 MOVEMENT IN FUNDS Net movement in funds At 1111122 At 31110123 Unrestricted funds General fund 787 5,420 6,207 TOTAL FUNDS 787 5,420 6,207 Net movement in funds, included in the above are as follows: Incoming resources Resourees expended Movement in funds Unrestricted funds General fund 17,507 (12,147) 5,420 Restricted funds Healthy Living Centre Alliance Kilkeel Community Association Pieta House Lorag Better Days Programmes Happiness Cafe (BOI ant) Better Health Through Better Living Heritage for Health 12,429 2,706 2,478 4,169 4,200 8,643 450 (12,429) (2,706) (2,478) (4,169) (4,200) (8,643) (450) 35,075 (35,075) TOTAL FUNDS 52,642 (47,222) 5,420 Comparatives for movement in funds Net movement in funds At iliini At 31110122 Unrestricted funds General fund 343 444 787 TOTAL FUNDS 343 444 787 continued...
KtLKEEL CHARITABLE TRUST Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 OCTOBER 2023 MOVEMENT IN FUIVDS - continued Comparative net movement in funds, included in the above are as follows: Incoming resources Resourees expended Movement in funds Unrestricted funds General fund 8,240 (7,796) 444 Restricted funds Derg Valley Healthy Living Centre Kilkeel Community Association ASDA Architectural Heritage Fund Pieta House 17,389 1,023 400 1,666 6,202 (17,389) (1,023) (400) (1,666) (6,202) 26,680 (26,680) TOTAL FUIYDS 34,920 (34,476) 444 A current year 12 months and prior year 12 months combined position is a5 follows.. Net movement in funds At Iiiini At 31110123 Unrestrieted funds General fund 343 5,864 6.207 TOTAL FUNDS 343 5,864 6,207 12 conttnued...
KILKEEL CHARITABLE TRUST Notes to the Financial Statements- eontinued FOR THE YEAR ENDED 31 OCTOBER 2023 MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined net movement in funds. included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrieted funds General fund 25,807 (19,943) 5,864 Restricted funds Healthy Living Centre Alliance Derg Valley Healthy LKving Centre Kilkeel Community Association ASDA ArchitectUTal Heritage Fund Pieta House Lorag Better Days Progranllnes Happiness Cafe (BOI grant) Better Health Through Better Living Heritage for Health 12,429 17,389 3,729 400 1,666 8,680 4,169 4,200 8,643 450 (12,429) (17,389) (3,729) (400) (1,666) (8,680) (4,169) (4,200) (8,643) (450) 61,755 (61,755) TOTAL FUNDS 87,562 (81.698) 5,864 io. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 October 2023. 13