Rasharkin Community Centre Ltd Company Limited by Guarantee Trustee's Annual Report (including Directors' Report) For The Year Ended March 31st 2023
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended March 31st 2023.
Reference and administrative details
Registered charity name
Rasharkin Community Centre Ltd
Charity registration number
NIC100701
Company registration number
NI623164
Principal office and registered office
19 Carnfinton Park Rasharkin Ballymena BT44 8SA
Directors and Trustees
Kathleen Darragh Sabrina Donnelly Sean Hanna Cormac McQuillan
Accountants
EM Accountants 2nd Floor Gortalowry House 94 Church Street Cookstown BT80 8HX
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Rasharkin Community Centre Ltd Company Limited by Guarantee Trustee's Annual Report (including Directors' Report) For The Year Ended March 31st 2023
Structure, governance and management
Governing document
Rasharkin Community Centre Ltd is a charitable company limited by guarantee, incorporated on March 3rd 2014 and registered as a charity with the Northern Ireland Charity Commission on January 14th 2015 Charity No: NIC 100701. 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.
Objectives and activities
In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission guidance on public benefit.
Purpose of Rasharkin Community Centre Ltd
To promote the benefit of the inhabitants of Rasharkin and its environs (the 'area of benefit') without distinction of gender, sexual orientation, age, race, ethnicity, political, religious or other opinion by associating with the statutory authorities, voluntary and community organisations and inhabitants in a common effort to:-
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a promote community development by providing facilities for community and voluntary groups and organisations and encouraging such organisations to co-operate to achieve their aims;
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b provide facilities in the interests of social welfare for recreation and other leisure time occupations with the object of improving the conditions of life for the said residents;
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c relieve those in need by reason of youth, age, ill-health, disability or other disadvantage;
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d advance education and training and the arts and culture;
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e promote amateur sport and participation in healthy recreation;
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f advance environmental protection and improvement and improve or provide public amenities;
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g promote good community relations and social cohesion, racial harmony, equality and diversity.
Achievements and performance
The Covid-19 pandemic severely impacted the activities of Rasharkin Community Centre Ltd in 2020 and 2021. The community centre was unable to operate during successive lockdowns which had a knock-on effect to the various community groups operating in the area. For example, in prior years, the hall hosted a variety of organisations including the Karate Club, the Parent and Toddler Group and St Mary's GAC. Some of these groups have started to use the community centre again in the year to March 2022 and the charity looks forward to being much more active in 2023.
Financial review
Total incoming resources amounted to £7,523 (2022 - £2,235) and after deducting total resources expended of £3,296 (2022 - £1,890) net incoming resources amounted to £4,227 (2022 - £345). At the year end unrestricted funds amounted to £17,331 (2022 - £13,104).
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Rasharkin Community Centre Ltd Company Limited by Guarantee Trustee's Annual Report (including Directors' Report) For The Year Ended March 31st 2023
Reserves policy and going concern
Reserves are needed to bridge the timing gap between spending and receiving of income and to cover unplanned temporary shortfalls in income should they arise. Holding adequate reserves safeguards the provision of our services in the event of unexpected significant financial pressures. The Trustees consider the ideal level of resources to be between 3-6 months expenditure, which for the year ended March 31st 2023 would be between £824 - £1,648.
Unrestricted reserves freely available to spend amounted to £17,331. The Trustees believe this represents a sufficient level of reserves to ensure that the going concern assumption is appropriate.
Trustees' responsibilities statement
The Trustees are responsible for preparing the Trustees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these accounts, the Trustees are required to:-
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select suitable accounting policies and then apply them consistently;
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observe the methods and principals in the Statement of Recommended Practice Accounting and Reporting by Charities, issued in March 2005;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and
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prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small company provisions
This report has been prepared in accordance with the provisions applicable to the companies entitled to the small companies exemption.
The trustees' annual report was approved on April 16th 2024 and signed on behalf of the board of trustees by:-
Sean Hanna
Trustee
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