FINAIYCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 CHARTfY REG Ntr. I(M1677 COMPANY LThED BY GUARANTEE AND NOT HAVING A SHARE CAPAL COMPANY Ntr. NI 617382
BRAID COMMUNITY ASSIXIATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 CONTENTS P*ge Administrative dct Report of the Board of Tn]ste Illdedent Examiners, Rqx)rt to the TTU5ts Statement of Financial Acttviti Balance Sheet Notes to the Financial Statements 9-12
BRAID COMMUNfTY AS5([ATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 ADMINISTRATIVE DETAILS Chrhbk eonwy name BTrid CoDuThmty Association Chrlty referenee number MC i(77 CoDwany reference number N1617382 37 Longmore Road The Btaid Cowity Antrim BT43 7JR Deni Forde CamKI M¢Kcndry Maeve BiThl Mary Elizabeth Devine Moira Dobbin Williarn Mitchell Rosaieen Mitchell Roth Milckll Secretary Cam)el McKaMIry Independent Examlner K Higgins FCA 9 Knockanully Ro Martinstown Baltyna BT43 7LZ Bankers Santander Bank J 31 Chw¢h Strect BT43 6DG IIPdgie
BRAID COMMUNITY A&SOCtATION REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 The Board of ThceS present their report and financial statements of the Association for the year ended 31 March 2022. The TDJstees have 0Pted the pVIsIOnS of the StatenKnt of Recommended Practice (SORP) "Accounting 8nd Reporting by le9- IFRS 102) iti prep2rAng the arniual report and fllwicial statements of the A&slSatM The fllwicial stat¢mcnts have becn ptqwcd in Xu)[dan with th¢ accounting policies set out in the notes to the fmanGial stat¢ments and compty with the AsSlation,S governing docunKnt, the Charities Act (Northern Ireland) 2(K)8. Clwities (Accounts and Reports) Rcgulations (Northern Ireland) 2015, and Charities SORP (FRS 102) Accounting and Rq)orting by Clwities: Statement of Recomllnded Practice applicable to cR)arAties prepry their *cllts tn accordanc¢ with the Financial Reporting Standard applicable in the UK gnd Republic of Ireland (FRS 102). REFERENCE AND ADMINISTRATIVE DETAILS RefaEn¢e and adminithtive details are slM)wn in the xheduk of Tte¢S of the Association and professional advis¢t5 on pagc l of the fuwicial stateDMt& TRUSTEES OF THE ASSOCIATION The Directors of the A&wiatKm are its Tntee$ for the pur of ¢harity law. Th¢ TnL8tees who servryl the wy during the yrnrw¢re &5 follows: DeDiS¢ Forde CarnKI McKendry Maeve Bitd Mary Elizabeth Devine Moirn Dobbin William Mitchell Rosaken Mitthclj PUBLIC BENEFIT STATEMENT The directors of Braid Comrnurrity A&wciatiOQ CODfun) that tlw bave ld due regard for the guidance on Public Benefit by the Charity Commiwn for Northern Ireland and are pleased to report tbat durlng the period the ACiatIon continued to provide the Public Benefits througb progran1n and serrfices we offer. In particular. the directors consider how planned activiti¢s will contnbute to the aim8 and obitiV they have set. Publk Beneffits The direct benefits which flow from the obie¢ttv¢s of Brdid Communty Association a to tum the fonller Old Brdtd Piitnary School into a wmtDurity ¢¢ntrq offwing ¢kn and a meeting place 211)age
REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 PUBLIC BENEF STATEMENT {¢onthiued) where pei)pl¢ of all ag ¢an get together and interact Is orntiy there is no ctoswonllnunity space availabk in the aro and ID so doing reduce the effects of rural isolation and improve the health of the conimuDity. There is no private benefit fk)wing from the pu4)oses. OBJECTIVES AND ACTIvrriES The principal activities of the AoCIation ar¢ as staled ID its CODStitution: To promote the benefrt of tbe inhabitsths of the Braid Valley and distrirt. County Alltti without distinction of gender, sexual Orientatio age. disability, race, etbnicity. or political, religious or other opinion by &wKiating with the statutory authoritie4 voknitsry and COD]murrity organisations and inbabitants in a effort. STRUCTURE GOVERNANCE AND MANAGEMENr Governln Documut Braid Community Association i8 a ¢onwany limited by guardntee not having a sharc wiital and avaib of the use of 'Limitd' ex¢mpt¥)n. The Company w&8 incorporated on 19 Mah 2013. The AS8(latIOn is rertered with the Nl Charity COmn as of 19 Octob¢r 2014 . Charity No: 100677. O allL%xtlonal strnere and rel4ted arlkg RespoDsibilitie5 for the activities of the A&8ociation iq in and canied out by a Board of Tte¢S whicb meets at intervals throughout the perKxI. Ttustees may be apInted by resolution of a meeting of the Board of Trustee& None of the Tne¢S TK¢tvc renxumtM)n or otlier benefit from their WO with the clwity. Any CODllertion between a TDJStee of the Charity with a onttacted supplier Dm]St be disclosed to the BoJrd in the sanx way &8 any other contractual relationship with a related Imrty. In the ¢urrent year th¢ are no such related party transaction8 to Recrulthien knd•¢tknn #Dd trlDiD The Boanl of Tntstees have b¢¢n involved the Ass(Kiation for several y¢w5 and so are familiar with its WOtL Th¢ T[st% regularty review the requIremts of the Association and tbe po&sibility of a need for additional TNstees. Appropriate training al induction are available to all new Thtee8. Flnanclal m1 nnt ob ethes and The Trustees have ovall r¢s1b1]lty for enswing tlwt thc A&wciation has it) pJ8¢¢ an appropTiatC Sy8tan of controls. fllw)cial and othffwise. The Tntee5 have assc&%ed the major risks to which th¢ Association is exposed, in particular thos¢ related to the operations and fllwices of the A&wciation and are 15rd the SYSten are in place to mitigate any exposure to nwr ri8ks. 31PagJe
BRAID commu Ass(lATIoN REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 (eonlknoed) ACHIEVEMENTS AND PERFORMANCE The Company is a nonrofit nuking OrganitKIll. TO1 inconK for the year amounted to £4,177 (2021: £4,998). Income derived fmtn donatiow 4tyJ legac3 ated to £niJ (2021: £695) and other income amounted to £4,177 (2021: £4.303}. Total expenditure for the year amounlcd to fA222 (2021: £2.581). Th¢ n¢t income for the year anUnted to -£46 (2021: £2,418) with net assets of £2,579 (2021: £2.625) * 31 March 2022. The Tne¢S consider that the a Satisfactory POSitioo to ¢arry on its rhatitable activitie& The Charity has successfuIty provided a range of ivities to target groups in tbe year. The Old Braid Prlmary Sch1 i8 used for ¢18sscs and ibe pmises are rented out to locals. Brnid Community A&latIOn are gtateful to tbe Coniinunity Fund and Mid and East Antsim Council for their genemus funding ID 2021- 2022. The Association h&s also Surl funding from NICHI for exercise cla&8es to nm in 2022- 2023. PLANS FOR FUTURE PERIODS Theff a no tnajor ththges eovi&gged in the foreseeabk futUT¢. TRUSTEES RESPONSIBILrrY STATEMKNT The Thte¢s (who are akn the di[t0 of Brnid Cornmty A&80ciation} for the of company jaw) are resnsible for preparing the Ttustees. Annual Rew)rt and th¢ fllwicial 8tatement8 in accordance with applithk law and United Kingdom Aw)untin8 Standards Iunited Kingdom Generdlly ACc¢Pt Acwunting Prdctice) including FRS 11)2 "The Fitwicial Reporting Standard applicable in the UK and Republic of Ireland" The law 8pplicabk to charities ID Northern IrelaThl requires th¢ directo to prepaR fm8ncial 8tatements for each fmancial Iri(mI whKh give a true and fair view of the of the A&8ociation and of the InMing resources ond application of resource4 in¢ludin8 the income and expenditure, of th¢ AssxiatlOD for that puiod. In prepari these statetbKnty the d1CtorS are required to: s¢leth suitable accounting p)]icies and then appty them CODSiStently. observe the methods and prlncipks in th¢ ChaTtlies SORP 2015 (FRS 102). make judgements and xcounting ¢stittwtes that are reasonabk and pnent. state whether applicable UK Accountitig StandaTds have been followed, subject to any material departures disclosed and explained tn the rjnancial statements. prepare the fmancial statements OD the going concern b&8i8 unlts8 it is inappropriate to puMe that the A&8ociatiot) will continu¢ in Option. 41PaLFe
BRAID COMNIUNT ASSOCIATION REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 TRUSTEES RESPONSIBILITY STATEMENT (CONTINUED) The TDJstees are reswInble for k¢¢ping pmper CoUntIng th$ that disclose with reasonable accuracy at any time the fman¢ial position of the AO¢latiOn and enable them to ensure tbat the rmancial stat¢ment$ compty with the Companies Act 2(X)6. ChaTitics Act (Nortbern Ireland) 2008 and The Charities (Accounts and Rep)rts) Regulations (Northern Ireland) 2015. They are also responsible for safeguarding the assets of the A&80ciation and hence fortaking renable steps for the prevention and detection of fr8ud and other itt¢w]knies. In so far as the TceS are aware: the is no relevant inforntIon of which the Associalion's Indendent Examin is unaware. the TrllSt bave taken all steps that they ought to have taken to make thcnwlvas aware of any relevant itifornjation and to establish that the independent examin is aware of that infomtiO INDEPENDENT EXAMINER A resolution proposing K HiggiDS FCA to be rwinted w independent examiner will bc put forward * the Annual Gencrdl Mecting. SMALL COMPANY EXEMPTIONS Part 15 of the Cowi&8 Act 2(K)6. By Order of the Maoagernent Comtnittee: Registered office: 37 Longff Road The Braid Ballyu B T43 7JR M8 Den Trnstee Forde Approved by the Trustees OD: Date: 01 DeceA¢ber 2022 51Pdge
BRAID COMMUNITY ASSOCIATION INDEPENDENT EXAMtNER'S REPORT TO THE MEMBERS OF BRAID COMMUNITY ASSOCIATION FOR THE YEAR ENDED 31 MARCH 2022 I rel on the accOuS of Braid COnnnIty A&y(Wtx for tbc year ended 31 Mah 2022 as set out on pages 7 to 12. RESPEcfivE RESPONSIBILITIES OF TRUSTEES AND llyDEPENDEI¥T EXAMINER The Tnlstees (who aff also th¢ dir10 of Braid Commurrity A&SlatiOn) are rwonsible for the pparatIOn of the a¢¢ounts in accordance with the requirrnts of the Companies Act 2006. It is my res[m)1]Ity to: examine the aCnIS under sectN)n 65 of the Charities Act (Northcrn Ireland) 2008. follow the prncdur¢s laid dowa in the genernl DiTrctions given by the Clwity ComuJi&sion for Northern lffland under section 65(9Xb) of the Charities Act. and state whether particular matters have to my attentio BASIS OF INDEPENDENT EXAMINER'S STATEMENT I have examined your Chanty a¢count$ &$ requId under sectK)n 65 of tbe Charities Act and my examItIon was carried out in ¥¢ordance with the general Dite¢tiODS given by the Charity Commi&sion for Northern Iland under section 65(9Xb) of the Charities Act. My examination included a review of th¢ accounting records kqit by th¢ Ch&ity and a conwi8on of the acunt8 pted with thos¢ records. It also included considerntM)n of any unusual lteft or disclosures in the accounts and seekiDg explaDaiions from you as Trustees co¢ming any such matttts. My rok is to state whether any rnateri matteT5 have conK to my attention giving me cause to believe: l. That accounting records were not kept in anCe with section 386 of ihe Companies Act 2(X>6 2. That the accounts do not accord with those accounting ttcords 3. That the accounts do not Compty with the accounting requir¢mmts of section 396 of th¢ Companies A¢t 2(K16 and wilh the methods and Principles of ibe Charities Statement of RecoMMed Prtire applicabk to clwities prepaTing their accounts ID accordanc¢ with the Financial R¢porting Standard applicable in the UK and Republic of Ireland. 4. That there is fih¢r infomution needed for a proper understanding of the alxounts to teached. INDEPENDENT EXAMINER STATEMENT I have completed my examination and have no Concen in r¢spe¢t of matters (l) to (4} listd above and. in connection witb following the direc¢M)ns of the Charity Conllniwon forNorthern Ireland, I have fouDd no matters that require drawing to your attention. K Higgins FCA 9 Knockanully Road MartInoWn Ballytnena BT43 7LZ DAIE: 01 Decanb¢r 2022
BRAID COMlUr[y ASSOCIATION STATEMENT OF FINANCLIL ACTivfTJ FOR THE YEAR ENDED 31 MARCH 2022 Total Unrestrll ReStrkI Fund¥ Funds Funds 2022 Total Funds 2021 Not¢ Ineome from: Donations and lega¢ies Charitable activities Other trading activities 695 4,303 1.167 177 Totsl IAeome 1.167 4,177 4,998 ExpeDdlture on: Charitable activities Other costs 4322 2.581 Total expendlthre N¢t kncon 1313 146) 4222 2.581 2.418 Wrfte off rents (Iwed Net nVenIent In funds (46) 4,418 Re¢on¢lllatlon of finds: Total fidS brought forward Total funds cand forwrd 76 2J49 2J49 2,625 2579 (1,793) 2,625 The Association no r¢cogniscd gall or lo in th¢ year Oth than those inched in the statellt of Financial A¢tivilics. All the operations of the AssociatioD are cla&8al &8 c4)ntinuin& 71Page
BRAID COMMUNrrY A&SiXIATION BALANCE SHEET AS AT 31 MARCH 2022 2022 2021 Current asxts Cash at bank and in hand Creditork" amounts falllng due wlthin one year 375 Net current U79 U79 2,625 2,625 Total assets lesg curr¢nt hbililks Credltors: anwwits fllng due after one yer 2579 2.625 Cbarlty Funds unrestri funds ReStrted funds 76 2.549 2,625 79 The DiTector5 are satisfiedthat th¢Compny is entitledto exem70 fmmthe provisions of the Companies A¢t2006 (the Act) relatingto the a11¢ ofthe fllwKial statements for the year by virtue of Section 477(2) relatingto sn)all CoMleS,andthatnornCbCr or m¢mber8 bave Tequested an audit pursuant to section 476(1) of the Act. The Dire¢tors acknowkdge their r&8ponsibiliti¢s for conwtyllig with the rtquir¢ments of the Act with r* to accounting records and the pr¢wation of account& Approved and authorised for issue by the Trustees and are sig11 on their behalf by: Denise Forde, chairpe Rosaleen MitchelL Tre&8urer Date: 01 Decemiv 2022 Date: 01 December 2022 The notes on page8 9 to 12 fo part of these fman¢iaJ sthtent& 81Page
BRAID COMMUNITY ASSOCIATI(hN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 I. ACCOUNTING POLICIES (a) General tDfornialloD and b*th of aratlon Braid Community Ass(Kiation is a clwitable company limited by grantee aDd docs not have any slwE capitaL It regtsterejl &8 a charity with The ChaTity co1nmissD for Northern Ireland on 19 October 2014 and it is incoryKsrated in Northern Ireland. Th¢ address of the registeffd office is given in th¢ ¢hatity infotllJat¥)n on page l of these ruwla1 statenllts. The Associatioti wn5titut¢s a kncftt entty as defllKd by FRS 102. Statement of The fmancial ateMentS have been prepared in compliance witb Accounting and Reporting by Clwities: StatenKnt of Recomm Practice applicable to clwities prqwing their accounts iti accordance with the Financial ReN)rting Stsndard 4)plicable in the United Kingdom and Republic of Ireknd (FRS 1021 Charities Act INortbern Ireland) 2(Ki8, the CIwiti (Accounts and RqK>rt$) Re8u]atK)ns (Northern Ireland) 201, the Con¥wil Act 2[ and UK Genernlly Accepted Practic¢. The sigDifKaot accounting policies applied in the prepaTrtion of th&se fllwiclal statements are set out below. These p)licies have been Lx)nsist¢ntty appli to all petiods pre8ented unle88 otherwise stated. These flnancial statements have bceD pryared UDd¢r th¢ histori1 ¢ost CA)nventiofy as nm)difa by th¢ waluation of investments. (b) Fund$ unreStrdfyTrd%.. General fimds available for use at the discretion of the Tne¢S ID furthernice of the general objectives of the A&8(KiatNm whith have not been dlated for other pu These funds that can onty be uscd for particular r&8trActed purpos within the objects of the Association. RestTiCt¥)ns arise wIn Swif by the donor or Whe the funds arc Trised for
BRAID commuNy ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDKD 31 MARCH 2022 I. ACCOUNTING POLICIES (connued) All incoming resources have been included iti th¢ fllwicial statements using the accnJa]s basis except for donation4 k8aci and bequests which are included in the fmancial statements using the receipts b&8i8. Income from govanment and other grants are recOgnis at fair vahk when the Association has cntitkment after any pcrfOrnW conditiotis bave been 0. Income from charitsble activities includ&8 inwme eamed from fundraising events and trading activities to raise funds for the A&8ociation. Incon is received in exchange for supplying goods and serrfica in order to ri8e funds and is rec0gDid wben entitlement has OC¢4llred. ¢ndlthre All ¢xpenditur¢ is aount for on ac¢n basis. inclusive of VATwhich (xmot bc recovered and has b¢¢D c]wified under headings that aggregate all ¢osts reIat¢d to the category. Expenditure is reCognid where there is a legal or constructive obligation to make payments to third parties. it is probable that the settknllt will be requi1 and the allut of the obligation It is categorised under the fo]k)wing h•lings: Expenditure on charitable acliviti&8 includ¢5 thos¢ wsts incurred by the Association in the delivery of its activiti and services for its beneficiaries. It includcs both costs that can be allocated dijrctly to such activities and those costs of an iodirect nature . Otherexp¢ndituff iryrnts thos¢ itellL8 not falling into the categories above. All ¢osts are alkKated bctwem thc ex&Itre iegories of the SOFA on a b&qis destgned to reflect th¢ use of the resour (e) Debtors and eredltors re¢elv#bk l a able wlthkn one Debtorn and cr¢ditor5 With no stated interest rate and receivable or payable within one year are [ed at Iran8aCtion ptKe. Any108W 8risit)g from imPRrnnt are recoW in penditure. (D Ti*llon No provision is reqUid for taXatn as tbe Association is d¢fmed as a ¢lwitable company for taxation purposes. concern The fllw)cial statements have been pryard on a goillg CODCern basis as the TheeS believe that no material uncertainti&8 exist. The Trustees have considered the level of fimds held and the expected kvel of income and expenditure for 12 th8 from authoTisAng thes¢ fancIal
BRAJD COM(uNr[y ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 I. ACCOUFITING POLICIES Ig) GolDg concern (conthiued) statements. The budgeted iDcome and cxpendilures are suITKit with the level of resoujres for the A&wciation to be able to continue 8s a going concern. INCOME FROM DONATI(kYS Totsl Funds Total Funds 2022 2021 finds Donatio 695 3. INCOI¥IE FROM CHARITABLE ACTIVITIES Total Funds Total Funds 2022 2021 funds fu% Rents & Classes 1,150 1.150 250 DFC Oiher 17 17 1.167 4,177 4,303 Anatyth of rerk¢¢d ID¢oD from charhAble acdvltkn. 2022 2021 Gr4nts -rtvenne: CFNI MEA 2,709 31KI 2,996 413 3.409
BRAID COMMUNTTY ASS(KIATION NiyfES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 (conlin4ed) 4. ANALYSIS OF EXPENDTfuRE 01¥4 CHARABLE AcrivrriES Total unr¢$trk Restrlcted Funds Total Funds fuudj fund8 2022 2021 Heat, Light & Pow Insurance Postage & Advertisiog Premises costs Accountancy 794 808 lJ32 lJ12 1.430 597 375 1313 4222 2,581 5. TAXATION The A&8ociation i8 not registernl for VAT and accordingty, all their expenditure is inclusive of VAT incurred. 6. CREDrroRS: #mownts falllng due wlthlx one yur 2022 2021 Ac¢ouDtancy 375 375 2,375 7. RELATED PARTY TKINSACTIONS There were no related party during the perd (2021 . £Nil). 121Pdg?e