Company Reglstratlon No: N1606699 Company Chartty No: 100475 GLENRAVEL& DISTRICTCOMMUNtrY& RESIDENTSASSOCIATION Company Ilmited by guarantee Diroctors report and financial ststements For the year ended 31 March 2024
Gl8nravel & District Communlty & Residents Association Company Llmlted by guarantee For the year ended 31 March 2024 Contents Page Directors. Report Indepandent Examiners Report to the Directors of Glenr8vel & District Community & Residents Association on the Unaudited Financial Statements 5-6 Statement of FinancialActivities Balance Sheet Notes to the FinanciaL Statements 10-11 The following do not form part of the financlal ststements Detailed income and expenditure account 13
Glenravel & District Communlty & Resodents A&8ociation Company Limited by guarantee Fortheyear ended 31 March 2024 Dlrector• Marian Rose Maguire (Chair) Paul Maguire Rolsfjn Frances Marron (rr8asurer) Suzanne McKeown Margaret Kerr (Vlce Chair) Secretary Paul Maguire Company Number N1606699 Charity Number 100475 Registered Office 1 Llsnamanagh Park Martinstown Ballymena BT43 6QU Independent Examiner Nlcola Marks 31 Tullygarley Road Bauymena BT42 2HZ Bankers Danske Bank 1-2 Broadway Ballymena BT43 7AA Insurers Marsh Insurance Bedford Street Belfast BT2 7DX Page 1
Glenravel & District Communlty & Resldents Assoclatlon Company Llmlted by guarantee For the year ended 31 March 2023 The Dir6ctors' Report The directors of the company presenttheir report andthefinancial statementsfortheyearended 31 March 2024. PrlncFpal Actlvltles The Company's objects areto promotethe benefit of the inhabitsnts of Glenraveland its environs {the 'area of benefit") without distinction of gender. sexual orientation age, race, ethnicity or political, religious or other opinion by associating with the ststutory authorities, voluntary and community organisations and inhabitants in a common effortto: (a) relieve those in need by reason of youth, age, ill-health. disabiity or other disadvantage: (b) advance environmental protection and improvement and promote village renewal; (c) providefacilities inthe interests of socialwelfareforrecreation and other leisuretime occupations with the object of improving the conditions of life for the s8id inhabit8nts' (d) advance education and training and provide information and advice to local inhabitants: (e) promote good community relations. racial haimony. equality and diversity. The Directors are satisfied thatthe company has achieved its objectives in theyear under review. Dlrectors The company is governed by its Memorandum and Articles of Association. The Directors who served during the year are as stated below: Marian Rose Maguire Margaret Kerr Rolsin Frances Marron Paul Maguire Suzanne McKeown (Chair) (Vice Chair) reasurer) (Secretary) In accordance with the Articles of Association Directors shall be elected by the members at an Annual General Meeting. Directors have assessed major risksto whichthe company is exposed, in particularthose related to the operations and finances. and are satisfied that systems are in piaceto mitigate exposure. Page 2
Glenravel & District Communlty & Resldents Assoclation Company Limited by guarantee For the year ended 31 March 2023 The Dlrectors, Report The directors of the company piesenttheir reportand thefinancial statementsfortheyearended 31 March 2024. Principal Activitl8S The Company's objects areto promotethe benefFtof the inhabitants of Glenraveland its environs (the "area of benefit") without distinction of gender, sexual orientation age, race, ethnicity or political, religious or other opinion by associating with the statutory authorities. voluntary and community organisations and inhabitants in a common effort to: {8) relieve those in need by reason of youth. age. ill-health. disability or other disadvantage; {b) advance environmentsi protection and improvement and promote Vilge renewal; (c) providefacilities in the interests of socialwelfarefor recreation and other leisuretime occupations with the object of improving the conditions of life for the said inhabitants: (d) advance education and training and provide information and a(Jvice to local inhabitants; (e) promote good community relations. racial h8nnony. equality and diversity. The Directors are satisfied that the company has achieve(J its objectives in the year under review. DFrectors The company is governed by its Memorandum and Articles ofAssociation. The Directors who sep4ed during the year are as stated below. M8rlan Rose Maguire Margaret Kerr Rolsln Frances Marron Paul Maguire Suzanne McKeown {Chair) (Vice Chair) (rreasurer) (Secretary) In accordance with the Articles of Association Directors shall be elected by the members at an Annual General Meeting. Directors have assessed major riskstowhichthe company is exposed, in particularthose related to the operations and finances, and are satisfied that systems are in place to mitigate exposure. Page 2
Gtenravel & Dlstrlct Community & Resldeiits Association Company Llmlted by guarantee For the year ended 31 March 2024 The Dir8ctors' Report The directors of the Gompany presenttheir report and thefinancial statementsfortheyearended 31 March 2024. Princlpal Activities The Companws objectsareto piomotethe benefitof the inhabitants of Glenravel and its environs (the '8rea of benefiv,) without distinction of gender. sexual orientation age. race. ethnicity or political, religious or other opinion by associating with the statutory authorities, voluntary 8nd community organisations and inhabitants in a common effortto: (a) relieve those in need by reason of youth. age, ill-health, disability or other disadvantage; {b) advance environmental protection and improvement and promote village renewal: (c) providefaciLities inthe interests of socialwelfareforrecre8tion and other leisuretime occupations with the object of improving the conditions of life for the said inhabitants: (d) advance education and training and provide information and advice to local inhabitants; (e) promote good community relations, racial harmony. equality and diversity. The Directors are s8tisfied thatthe company has achieved tts objectives in the year uncler review. Dlrectors The company is governed by its Memorandum and Articles of Association. The Directors who served during the year are as stated below: Marian Rose Maguire Margaret Kerr Roisin Frances Marron Paul Maguire Suzanne McKeown {Chair) Ivice Chair) (rreasurer) (Secretary) In accordance with the Articles of Association Directors shall be elected by the members at an Annual General Meeting. Directors have assessed major riskstowhichthe company isexposed, in partFcularthose related to the operations and finances. and are satisfied that systems are in place to mitigate exposure. Page 2
Glenravel & Distrlct Community & Residents Association Company Llmited by guarantee For the year ended 31 March 2024 The Dlrectors, Report Flnanclal Roview Total incoming resources amounted to £35.079 (2023 - £26,059) and after deducting total resources expended of £24,652 (2023- £30.130) net incoming resources amounted to £1 0,427 (2023- (£4,071)). At the year-end unrestricted funds amounted to £5.356 and restricted funds amounted to £12.463. Statement ot Dlrectors. Responslblllties The Directors are responsible for preparing the Directors. Annual Report and the financial statements in accordance with applicabLe law and United Kingdom Accounting Standards (United Kingdom GenerallyAccepted Accounting Practice). Company law requires the Directors to prepare financial statements for each financial year which give a true and fair view of the charitable company and the incoming resources and application of the resources. includingthe net income orexpenditUTe, of the charitable company forthe year. In preparingthese financial statements. the Directors are required to: select suitable accounting policies and then applythem consistently; observe the methods and principles in the Charities SORP make judgements and estimates that are reasonable and prudent: statewhetherappllcable UKAccountingstandaids have been followed. subjectto any material departures disclosed and explained in the financial statements: prepare thefinancial statements on a going concem basis unless it is inappropriate to presume thatthe charitable company will continue in operation. The Directors ar8 responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the char¥tabte company and which enabLe them to ensure that the financial statements complywith the Companies Act 2006: They are also responsible for safeguardingthe assets of the charitable company and hence fortaking reasonable steps for the prevention and detection of fraud and other irregularities. Small Company Provisions This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006. Page 3
Glenravel & Distr5ct Comrnunlty & Resldeirts Assoclatlon Company Llmlted by guarantee For the year ended 31 March 2024 The Directors, Report Thls report was approved by the Directors at the meeting on 16- July 2024 and signed on Its behalf by Marian Maguire Chair of th8 Board of Directors Paga 4
Glonravel & District Community & Residents Association Company Ltmited by guarantee For the year ended 31 March 2024 Independent Examiners Report to the Dlrectors of Glenravel & Distrlct Community & Residents Assoclation I report on the accounts of the companyforthe year ended 31 March 2024 set out on pages 7 to 13. Respectlve re3pon85bllrtie8 of trustees and examlner As the charitytrustees (and also the directors of the companyforthe purposes of company law) you are responsible 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 responsibilityto: (1) Examinethe accounts under section 65 of the Charities Act (Northern Ireland) 2008: (2) Follow the procedures ld down in the general Directions given by the Charity Commission for Northern Ireland under Section 65{9)(b} of the Charities Act: and (3) State whether particular matters have come to my attention. Basis of Independent examin8f s report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general directions given by the Charities Commission for Northern IreLand under section 65(9)(b) of the Charities Act. The examination included a reviewof the accountingrecords kept bythe charityan(J a comparison of the accounts presented with those records. It also includes Consideration of any unusu8l Items or disclosures in the accounts and seeking explanations from you as charity trustees conceming any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: (1) The accounting records were not kept in accor(Jance with section 386 of the Companies Act 2006 {2) That the accounts do not accord wtth those accounting records {3) That the accounts do not complywith the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance wlth the Financial Reporting standard applicable to in the UK and Republic of Ireland. Page 5
(4) That there is further infomiation needed for a proper understanding of the accounts to be reached. Independent examiners statement I have completed myexamination and have no concerns in respect of the matters {1) to (4) Listed above and in connection with following the Directors of tha Charity Commission for Northern Ireland. I have found no matters that require your attention. Independent Examinerfs Report to the Trustees of Glenravel & District Community & Residents Association Nicola Marks 31 Tullygarley Road Ballymena BT422HZ 10 July 2024 Page 6
Glenravel & Dlstrlct Communlty & Resldents Assoclatlon Company No: N1606699 Charlty No: 100475 Company Llmfted by Guarantee Statement of Flnanclal Actlvltles for the perlod endlng31 March 2024 Note Unrestrfcted Funds Restrictsd Funds Total Total Funds 2023 Funds 2024 Grants received Rebate Donations 29,542 20,124 5,935 Fundraisingirom Charltsble Events 2.180 2.180 Total Incomlng resources 5.537 35.079 26.059 Charitsble activities Adminlstration expenses 20.426 20,426 4,226 25,041 5.089 4.226 Total Resources Expended 20A26 30.130 Net (outgolng)Ilncomlng resources forthe year belng net movement In funds Funds brought forward 3.347 9.116 7,392 10,427 11,463 (4,071) 1,311 Funds carried forward 5,356 12,463 17.819 11,463 All amounts reLite to contlnued actlvftles Page 7
Glenravel & Dlstrlct commun & Resldents A5soclatlon Company No: N1606699 Charlty No: 100475 Company Llmlted by Guarartee Balance Sheet as at 31 March 2024 Notes 2024 2023 CURRENT ASSEtS Cash at bank 17,819 7.392 CREDITORS Amounts falling due wtthin one year NET CURRENT ASSETS 17,819 7.392 TOTAL ASSEtS LESS CURRENT LIABILMES 17,819 7,392 NET ASSETS 17.819 7,392 FUNDS Unrestricted Funds Restricted Funds 3.347 TOTAL FUNDS 17.819 7.392 Page 8
Glenravel & Dlstrlct Community & Residents Associatlon Company Limited by guarantee For tha year ended 31 March 2024 Balance Sheet Continued: The charitable company is entitled to exemption from audit under Section 257A of the Companies (Northern Ireland) order 1986 forthe year ended 31 March 2024. The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Article 2578(2) of the Companies {Northern Iieland) order 1986. The trustees acknowledge their responsibilities for (a) Ensuring that the charitable company keeps accounting records that comply with Section 386 and 387 of the Companies Act 2006 and (b) Preparingfinancial statements which give a true and fairviewof the state of affairs of the charitable companyas atthe end of eachflnanclalyearand of Its surplus or deficit for each financial year in accordance with the requirements of Section 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relatingto financial statements. so far as applicable to the charitable company. Thesefin8neial statements have been prepared in accordancewith the special provisions of Part 15 of the Companies Act 2006 relating to small charttable companies and with the Financial Reporting Standard for Smaller Entities {eff8ctive January 2015}. The financial Statements were epproved by the Board of Trustees on 16 July 2024 and were signed on its behalf by: Marlan Ma Trustee/Director The notes form part of the tinanclal stst8m8nts Page 9
Gienravel & District Communfty & Resldents Association Company Limited by guarantee For the year ended 31 March 2024 Notes to the Financial Statements 1. ACCOUNTING POLICIES a) Baslg of pr•p8ringthe financial ststements The financial statements are prepared on the going concern basis. b) Accountlng convention The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008}, the Companies Act 2006 and following the recommendations in Accounting and Reporting by Charities: Ststement of Recommended Practice {SORP 2005) issued in March 2005. c) Incoming Resources Incoming resources are included in the Statement of Financial Activities in the period in which they are receivable. Grant income is included in the period of receipt. d) Expendlture Expenditure is recognised in the period in which it is incurred and is allocated to expense headings on a direct basis. e) Funds The charitable company has two types of funds forwhich it is responsible. A definition of the two types of funds is as follows: Restr5cted Funds Funds received which are earmarked bythe donorfor specrfic purposes. Such purposes are within the overall aims of the company. (li) Unrestricted Funds Funds which are expendable 8tthe discretion of the directors and have been designated for specific purposestofurtherthe objects of the charity- Page 10
Notes to the Financlal Ststemerrts- Contlnued 2. INCOMING RESOURCES All incoming resources are included on the Statement of FinancialActivities when the charity is legally entitled to the income. Grants Revenue grants are credited to incoming resources on the earLier of the date of when they are received or when they are receivable. Donations Donations are credited to incoming resources in the period to which they reLate. 3. DEBTORS 2024 2023 Trade Debtors 4. CREDITORS 2024 2023 Trade creditors 5. FUNDS Restricted Unfestrlcted Total Fund Fund At 1 Aprll 2023 Net {outgoing)/incoming resources forthe year At 31 March 2024 4045 3,347 7,392 12,463 17,819 6. TRANSACTIONSWITH DIRECTORS None of the Directors. or any person associated with them has received or is due to receive any renumeration for the year. either directly or indirectly from the company funds. 7. COMPANY LIMrrED BY GUARANTEE The company Is regTStered under the Companies Act 2006 and is a company limited by guarantee. The members of the company are the directors named on page 1. The company is also an exempt charity. Page11
Glenravel & Dlstrlct Communlty & Resldents Assoclation Company Limited by guarantee For the year ended 31 March 2024 Management Informatlon The following pages do not fonn part of the ststutory accounts Page 12
Glenravei & Dlstrict Communlty & Residents Assoclatlon Company No: N1606699 ChaTIty No: 100475 Company Umlted by Guarantee Detsiied Income & Expendlture Account forthe perfod 01104123- 31103124 2024 2023 GRANTS Mid and East Antrim Council John Moore Grant Community Foundation Nl DCRAGrant Northern Area Co Circusful Groundwork Nl Communityciuster Other: Fundraising from Charity Actlvities Refunds Bank Interest Donations 9,329 5.976 5.000 8.000 12,993 800 1.620 200 4.600 1.148 2,180 600 TOTAL INCOMING RESOURCES 35,079 26,059 RESOURCES EXPENDED Telephone Electricity Insurance Vlllage ProjecVEvent Costs Transport Costs Vehicle Purchase Professlonal Fees Bank Fees Equipment Maintenance OiUFuel Refreshments Office Costs 362 311 321 2,885 19,818 1.049 4.800 18.163 875 1,024 60 225 956 824 423 TOTAL RESOURCES EXPENDED 24.651 30.130 NET EXPENDITURE 10,428 9.015 Page