Charity Number NIC100452
Company Registration Number NI039479
KILLINCHY AND DISTRICT
COMMUNITY DEVELOPMENT ASSOCIATION LIMITED
Report and Accounts for the year ended 31 March 2024
C R McGready Co Ltd 1 - 3 Comber Road, Ballygowan BT23 5TN
KILLINCHY AND DISTRICT COMMUNITY DEVELOPMENT ASSOCIATION LIMITED
| CONTENTS | ||
|---|---|---|
| Page | ||
| Legal and administrative information | 1 | |
| Report of the Trustees | 2 | |
| Report of the Accountant | 3 | |
| Statement of financial activities | 4 | |
| Balance Sheet | 5 | |
| Notes to the accounts | 6 - 8 |
KILLINCHY AND DISTRICT COMMUNITY DEVELOPMENT ASSOCIATION LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr Philip Smith Mr Stephen Majury Mr William Clarke Ms Tiffinee Dickson
Secretary
Miss Emma Heaney
Business Address
27 Beechvale Road Killinchy Co Down BT23 6PH
Accountants
C R McGready & Company Ltd 1 - 3 Comber Road Ballygowan BT23 5TN
Bankers
Danske Bank P.O. Box 183 Donegal Square West Belfast BT1 6JS
Charity Registration Number
NIC100452
3
KILLINCHY AND DISTRICT COMMUNITY DEVELOPMENT ASSOCIATION LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The Board of Directors have pleasure in presenting their annual report and the auited financial statements for the year ended 31 March 2024. The financial statements have been prepared based on the accounting policies set out in note 2 to the financial statements and comply with the charities constitution, applicable law and the requirements of the Statement of Recommended Accounting Practice (SORP), FRS 102.
Constitution
The Charity is constituted as a Company Limited by Guarantee in accrdance with the Companies Act 2006.
Objectives of the charity
The charity's objectives are to provide a focal point to the local community of Killinchy through the use of a purpose built hall. The policies adopted in the furtherance of these objectives are to act as a voice for the local community and discuss local issues. There has been no changes during the year.
The aim of the charity is to provide a comfortable social environment for the Killinchy Community.
The objectives for the year were to retain and develop existing community iniatives while also ecxpanding the variety of programmes available to the local users.
Trustees are to liaise with local individuals to find out what services and initiatives the local community would like.
The trustees have paid due regard to guidance issued by the charity commission in devising what activities the charity should pursue
Organisational Structure
The trustees, who are also the directors for the purpose of company law, and who served during the year are listed on page 1 and are appointed at the annual general meeting
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of winding up.
Killinchy and District Community Development Association Limited has four trustees who all participate in the day to day running of the business.
Related parties
The Charity has no related parties
Reserves policy
It is the policy of the Board of Directors to maintain sufficient free reserves as are consistent with the ongoing financial requirements of the Charity.
Risk Management
The Board of Directors have assessed the major risks to which the charity is exposed, in particular those related to the operation and finances of the Company and are satisfied that systems in place to mitigate our exposure to the major risks.
Going concern
The Trustees are satisfied that at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements.
Approved by the Board of Directors and signed on their behalf by:
Stephen Majury Trustee
Date:
4
ACCOUNTANTS REPORT ON THE UNAUDITED ACCOUNTS TO THE TRUSTEES/MEMBERS OF KILLINCHY AND DISTRICT COMMUNITY DEVELOPMENT ASSOCIATION LIMITED
You have approved the accounts for the year ended 31st March 2024 which comprises the Statement of Financial Activities, Balance Sheet and relatyed notes. In accordance with your instruction, we have compiled these unaudited accounts from the accounting records and information supplied to us.
Independent examiners statement
I have examined the accounts for the year ended 31 March 2024.
In connection with my examination, no matter has come to my attention:
(i) which gives me reasonable cause to believe, in any material respect, that the requirement to keep proper accounting records in accordance with Section 63 of the Charities Act (Northern Ireland) has not been kept; or,
(ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
C R McGready & Company Ltd Certified Public Accountants
1 - Comber Road
Ballygowan Co Down BT23 5TN
Date:
5
KILLINCHY AND DISTRICT COMMUNITY DEVELOPMENT ASSOCIATION LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 MARCH 2024
| Unrestricted funds 2024 Notes £ Incoming Resources Incoming resources from generated funds: Donations/grants 4 3,161 Investment income 2 Other Incoming Resources 9,867 Total incoming resources 13,030 Resources expended Charitable activities 0 Governance costs 3 13,052 Total resources expended 13,052 Net incoming/(outgoing) resources -22 Net movement in funds -22 Reconcilliation of funds Fund balance at 1 April 2023 5 1,893 Fund balance at 31 March 2024 5 1,871 |
Restricted funds 2024 £ 7,284 0 0 7,284 0 7,284 7,284 0 0 0 0 |
Total 2024 £ 10,445 2 9,867 20,314 0 20,336 20,336 -22 -22 1,893 1,871 |
Total 2023 £ 10,757 1 7,277 |
|---|---|---|---|
| 18,035 | |||
| 0 19,609 |
|||
| 19,609 | |||
| -1,574 | |||
| -1,574 | |||
| 3,467 | |||
| 1,893 |
All amounts derive from continuing activities
All gains and losses recognised in the year are included in the statement of financial activities
6
KILLINCHY AND DISTRICT COMMUNITY DEVELOPMENT ASSOCIATION LIMITED
BALANCE SHEET
AS AT 31 MARCH 2024
| Notes Fixed assets Tangible Assets 6 Current assets Debtors 7 Cash at bank and in hand 8 Creditors Amounts falling due within one year 9 Net current assets/(liabilities) Total assets less current liabilities Creditors Amounts falling due after more than one year 10 Net Assets Represented by: Total funds General fund 5 Restricted funds 5 Total |
2024 £ 214,262 1,343 1,097 2,440 -9,034 -6,594 207,668 -205,797 1,871 1,871 0 1,871 |
2023 £ 221,776 |
|---|---|---|
| 330 2,323 |
||
| 2,653 -9,455 |
||
| -6,802 | ||
| 214,974 -213,081 |
||
| 1,893 | ||
| -6,126 4 |
||
| -6,122 |
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime.
Approved by the Trustees and signed on their behalf by
Stephen Majury
Date:
Company Number: NI039479
7
KILLINCHY AND DISTRICT COMMUNITY DEVELOPMENT ASSOCIATION LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
1 Statement of Trustee responsibilities
The rules of the Charity require the Trustees to prepare accounts for each financial year end which gives a true and fair view of the state of affairs of the Charity and of the surplus or defecit for that period. In preparing those accounts, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently
-
make judgements and estimates that are reasonable and prudent; and - prepare the accounts on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for maintaining proper accounting records under Section 63 of the Charities Sact (Northern Ireland) 2008 which are sufficient to show and explain all the Charities transactions; which atre such as to disclose with reasonable accuracy the financial position of the Charity; and which enable the trustees to ensutre that the accounts prepared comply with section 64(1) of the Sact. They are also responsible for safeguarding the assets of the Charity including the maintenance of adequate procedures to prevent and detect fraud and other irregularities.
2 Accounting policies
Accounting convention
The accounts are prepared under the historic cost convention. They comly with the requrements of the Statement of Recommended Practice' Accounting and Reporting by Charities (SORP) and atre in accordance with applicable accounting standards
General accumulated funds
General accumulated funds are unrestricted funds available to the Charity for its general purposes and include funds designated by the Charity for a particular purpose: the use of such funds remains at the discretion of the Charity's Trustees.
Restricted funds
Restricted funds are funds subject to restrictions imposed by the donor or by the specific terms of the appeal under which the funds are raised. The restrictions are binding upon the Company.
Income
All income is accounted for when the Charity has entitlement, there is certainty of receipt and the amount is measureable.
Governance, management & administration
Governance, management & administration expenses relate to the whole of the Charity's activities and a proportion of these charges are allocated to expenditure headings on a basis that is consistent with the use of resources.
Tangible fixed assets
Depreciation has been provided at the following rates in orderto write off the assets over their estimated useful lives.
| Property | Straight ine over 50 years | Straight ine over 50 years | |
|---|---|---|---|
| Furniture & equipment | 20% | Straight line | |
| 3 Expenditure | Unrestricted Funds | Restricted Funds | |
| £ | £ | ||
| Accountancy Fees | 650 | ||
| Bad Debts | 194 | ||
| Bank Charges | 42 | ||
| Christmas Event | 849 | ||
| Cleaning Expenses | 3,063 | ||
| Depreciation (Split) | 230 | 7284 | |
| Heat & Light | 3,615 | ||
| Insurance | 1,318 | ||
| Rates & Water Rates | 1,250 | ||
| Repairs & Maintenance | 850 | ||
| Sundry Expenses | 415 | ||
| Telephone & Broadband | 576 | ||
| 13,052 | 0 |
8
KILLINCHY AND DISTRICT COMMUNITY DEVELOPMENT ASSOCIATION LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
| 4 Grants Receivable Grants receivable for core activities 5 Statement of funds General reserve Grants - restricted Total Restricted Funds |
At 01/04/23 £ 1,893 0 0 |
Income £ 13,030 7,284 7,284 |
Expenditure £ -13,052 -7,284 -7,284 |
Transfers £ 0 0 0 |
2024 £ 3,161 31/03/24 £ 1,871 0 |
|---|---|---|---|---|---|
| 0 |
6 Tangible assets
| Cost At 1 April 2023 At 31 March 2024 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 7 Debtors Trade Debtors Accrued Income 8 Cash at bank, on deposit and in hand Bank Account Deposit Account Petty Cash 9 Creditors: amounts falling due within one year Deferred Income <1 yr Loan - Stephen Majury Accruals |
Leashold property £ 364,408 364,408 143,552 7,284 150,836 213,572 220,856 |
Furniture & equipment £ 16,341 16,341 15,421 230 15,651 690 920 2024 £ 1,343 0 1,343 2024 £ 989 108 0 1,097 2024 £ 7,284 0 1,750 9,034 |
Total £ 380,749 |
|---|---|---|---|
| 380,749 | |||
| 158,973 7,514 |
|||
| 166,487 | |||
| 214,262 | |||
| 221,776 | |||
| 2023 £ 330 0 |
|||
| 330 | |||
| 2023 £ 2,217 106 0 |
|||
| 2,323 | |||
| 2023 £ 7,284 500 1,671 |
|||
| 9,455 |
9
KILLINCHY AND DISTRICT COMMUNITY DEVELOPMENT ASSOCIATION LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
| 10 Creditors: amounts falling due after more than one year | 2024 | 2023 |
|---|---|---|
| £ | £ | |
| Deferred Income | 205,797 | 213,081 |
| On demand | 0 | 0 |
11 Taxation
No tax has been provided in these accounts because the income of the charity is within the exemption granted by Sections 466 - 493 of the Corporation Taxes Act 2010.
12 Related party transactions
There were no related party transactions during the year
13 Trustees
None of the trustees (or any person connected with them) received any remuneration during the year, and none of them were reimbursed for travelling expanses.
14 Employees
There were no employees during the year.
15 Contingent Liabilities
Grants received from awarding bodies are dependant on the terms and conditions of their letters of offers.
There exists a contingent liability to repay all or part of the grants received from these bodies if the terms and conditions of their respective letters of offer are not complied with.
10