Charity Number NIC100452
Company Registration Number NI039479
## **KILLINCHY AND DISTRICT**
## **COMMUNITY DEVELOPMENT ASSOCIATION LIMITED**
Report and Accounts for the year ended 31 March 2025
**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 (resigned 15 July 2025)
## **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 2025
The Board of Directors have pleasure in presenting their annual report and the financial statements for the year ended 31 March 2025. 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 ~~sty~~ 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 2025 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 2025.
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 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 2025
|**Unrestricted**
**funds**
**2025**
**Notes**
**£**
**Incoming Resources**
Incoming resources from generated funds:
Donations/grants
4
20,813
Investment income
18
Other Incoming Resources
11,168
**Total incoming resources**
31,999
**Resources expended**
Charitable activities
0
Governance costs
3
15,331
**Total resources expended**
15,331
**Net incoming/(outgoing) resources**
16,668
**Net movement in funds**
16,668
**Reconcilliation of funds**
Fund balance at 1 April 2024
5
1,871
Fund balance at 31 March 2025
5
18,539|**Restricted**
**funds**
**2025**
**£**
7,312
0
0
7,312
28
7,284
7,312
0
0
0
0|**Total**
**2025**
**£**
28,125
18
11,168
39,311
28
22,615
22,643
16,668
16,668
1,871
18,539|**Total**
**2024**
**£**
10,445
2
9,867|
|---|---|---|---|
||||20,314|
||||0
20,336|
||||20,336|
||||-22|
||||-22|
||||1,893|
||||1,871|
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 2025
|||**2025**|**2024**|
|---|---|---|---|
||**Notes**|**£**|**£**|
|**Fixed assets**||||
|Tangible Assets|6|206,748|214,262|
|**Current assets**||||
|Debtors|7|2,116|1,343|
|Cash at bank and in hand|8|17,015|1,097|
|||19,131|2,440|
|**Creditors**||||
|Amounts falling due within one year|9|-8,827|-9,034|
|**Net current assets/(liabilities)**||10,304|-6,594|
|**Total assets less current liabilities**||217,052|207,668|
|**Creditors**||||
|Amounts falling due after more than one year|10|-198,513|-205,797|
|**Net Assets**||18,539|1,871|
|**Represented by:**||||
|**Total funds**||||
|General fund|5|18,539|1,871|
|Restricted funds|5|0|0|
|**Total**||18,539|1,871|
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
## ~~Sip~~
Stephen Majury
Date:
Company Number: NI039479
7
**KILLINCHY AND DISTRICT COMMUNITY DEVELOPMENT ASSOCIATION LIMITED**
## NOTES TO THE ACCOUNTS
## FOR THE YEAR ENDED 31 MARCH 2025
## **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|680|||
|Bad Debts|256|||
|Bank Charges|49|||
|Christmas Event|1,063|||
|Cleaning Expenses|1,979|||
|Depreciation (Split)|230|7284||
|Heat & Light|3,805|||
|Insurance|1,785|||
|Rates & Water Rates|1,368|||
|Repairs & Maintenance|2,708||28|
|Sundry Expenses|761|||
|Telephone & Broadband|647|||
||15,331|7,312||
8
**KILLINCHY AND DISTRICT COMMUNITY DEVELOPMENT ASSOCIATION LIMITED**
## NOTES TO THE ACCOUNTS
## FOR THE YEAR ENDED 31 MARCH 2025
|**4 Grants Receivable**
Grants receivable for core activities
Grants receivable for restricted activities|**2025**
**£**
20,813
28|
|---|---|
||20,841|
## **5 Statement of funds**
|General reserve
Grants - restricted
**Total Restricted Funds**
**6 Tangible assets**
**Cost**
At 1 April 2024
At 31 March 2025
**Depreciation**
At 1 April 2024
Charge for the year
At 31 March 2025
**Net book value**
At 31 March 2025
At 31 March 2024
**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**
Deferred Income <1 yr
Accruals|**At**
**01/04/24**
**£**
1,871
0
0
**one year**|**Income**
**£**
31,999
7,312
7,312|**Expenditure**
**£**
-15,331
-7,312
-7,312
**Leashold**
**property**
**£**
364,408
364,408
150,836
7,284
158,120
206,288
213,572|**Transfers**
**£**
0
0
0
**Furniture &**
**equipment**
**£**
16,341
16,341
15,651
230
15,881
460
690
**2025**
**£**
2,116
0
2,116
**2025**
**£**
16,905
110
0
17,015
**2025**
**£**
7,284
1,543
8,827|**31/03/25**
**£**
18,539
0|
|---|---|---|---|---|---|
||||||0|
||||||**Total**
**£**
380,749|
||||||380,749|
||||||166,487
7,514|
||||||174,001|
||||||206,748|
||||||214,257|
||||||**2024**
**£**
1,343
0|
||||||1,343|
||||||**2024**
**£**
989
108
0|
||||||1,097|
||||||**2024**
**£**
7,284
1,750|
||||||9,034|
9
**KILLINCHY AND DISTRICT COMMUNITY DEVELOPMENT ASSOCIATION LIMITED**
## NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
|**10 Creditors: amounts falling due after more than one year**|**2025**|**2024**|
|---|---|---|
||**£**|**£**|
|Deferred Income|198,513|205,797|
|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