COMPANY REGISTRATION NUMBER: N1029070 CHARITY REGISTRATION NUMBER: NIC100722 Annalong Community Development Association Limited Company Limited by Guarantee Unaudited Financial Statements 31 March 2023 PURDY QUINN Chartered Accountants Northern Bank House 42 Greencastle Street KILKEEL Co Down BT34 4BH
Annalong Community Development Association Limited Company Limited by Guarantee Financial Ststements Year ended 31 March 2023 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements 7-12 The following pages do not form part of the financial ststements Detailed statement of financial activities 14 Notes to the detailed statement of financial activities 15
Annalong Community Development Association Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 March 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 31 March 2023. Reference and administrative details Registered charity name Annalong Community Development Association Limited NIC100722 Charity registration number Company registration number N1029070 Principal office and registered 20 Linden Brae office Annalong Newry Co Down B T34 4XS The trustees Mr D Mccauley Mr A Kilgore Mr S Hughes MrRWHall Mr J R Pierson {Resigned 4 May 2023) Independent examiner Una Cunningham FCA Chartered Accountants in Ireland Purdy Quinn Chartered Accountants Northern Bank House 42 Greencastle Street KILKEEL Co Down BT34 4BH Structure* governance and management The charity was originally a community association which was set up as a company limited by guarantee and not having a share capital. The date of incorporation was 21 December 1994. On 24 May 2016 the company was granted charitable status by the Charity Commissioners Northern Ireland with a Northern Ireland Charity number NIC100722. The company is governed by its Memorandum and Articles of Association. The charity is managed by a Board of Directors. As required on an ad hoc basis, the Board Members are responsible for considering the appointment of potential new Board Members to the Board. Suitable people are approached and if they are willing to serve on the Board, their nomination is put forward for approval by the Board. There is no maximum term of office.
Annalong Community Development Association Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2023 Objectives and activities The charity's objectives are: a) To promote the benefit of the inhabitants of Annalong and District without distinction of sex, race, political, religious or other opinion by associating the statutory authorities, voluntary authorities, voluntary organisations and inhabitants in a common effort to advance employment, environmental regeneration and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the object of improving the conditions of life for the inhabitants, and fostering peace and reconciliation beeen the inhabitants of the area and of Northern Ireland. b) to provide with assistance in the areas of employment and environmental regeneration within the area of benefit by means of community environmental schemes, enterprise schemes and the provision of support of facilities necessary or convenient for the promotion of the objects of the charity. Achievements and performance The Association manages the large project known as the Coastal Path. In previous years funding was obtained to build and enhance the pathway for the benefit of the community. Ongoing annual maintenance is required. Repairs to the Coastal Path totalled £3,78212022 £93,213). These funds were spent on replacing locks and chains, weed killer to control overgrowth and hedge cutting. A few sections of the path, approximately 70 metres, required strengthening to prevent further damage in the future Planning permission to extend both the North and South Coastal Paths has been ongoing and this year entered into final negotiation stages. David Mccauley, Chairman, has been dealing with the professional agencies and reporting to Directors since the outset of covid restrictions by phone and home visits. All concerns and opinions of the Directors were shared among the group and outcomes reported to the appropriate agency. On 29th June 2022, ACDA were informed that Planning Permission was not accepted by DAERA and an objection would be unlikely to reverse this decision. The Directors unanimously took the decision not to proceed with the project. The sum of £10,361 12022 £43,164) was spent on the proposed Coastal Path Extension. This covered professional fees for Planning Consultants, Quantity Surveyor, Survey Consultant and Architectural Designer. ACDA once again organised the annual Fireworks Display which takes pla at the local harbour. The event is free and well attended and appreciated by the community. This was the first display allowed since 2019 as a result of restrictions. The cost was £2250 (2022 - £nil).
Annalong Community Development Association Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2023 Financial review The results for the year are set out on page 5 of the accompanying financial statements. The Annalong Community Development Association Limited's accounts this year are showing a deficit of £19,294 (2022 Deficit £142,749) Reserves Policy The rentsl business and propety known as the Cornmill Quay was sold during the 2020 year. The funds realised have been lodged to a Bank Business Investment Account and will be administered by the Trustees. The funds (unrestricted reserves) will be used to upkeep the Coastal Path and towards other projects for the benefit of the community. At the year*nd unrestricted reserves held totalled £258,639 (2022 - £277,933). Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees, annual report was approved on trustees by.. and signed on behalf of the board of Mr S Hughes Trustee
Annalong Community Development Association Limited Company Limited by Guarantee Independent Examiner's Report to the Trustees ofAnnalong Community Development Association Limited Year ended 31 March 2023 I report to the trustees on my examination of the financial statements of Annalong Community Development Association Limited ('the charity'l for the year ended 31 March 2023. Responsibilities and basis of report As the trustees of the company {and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of Charities Act (Northern Ireland) 2008 (the '2008 Act,) and the Companies Act 2006 ('the 2006 Act'}- You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial statements as carried out under section $5 of the 2008 Act. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 6519){bl of the 2008 Act. Independent examinerfs statement I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act., or the financial statements do not accord with those records,. or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination., or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. Una Cunningham FCA Chartered Accountants Ireland Independent Examiner Purdy Quinn Chartered Accountants Northern Bank House 42 Greencastle Street KILKEEL Co Down BT34 4BH
Annalong Community Development Association Limited Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2023 2023 Unrestricted funds Total funds 2022 Total funds Note Income and endowments Charitable activities Investment income 10 25 25 Total income 25 25 11 Expenditure Expenditure on charitable activities Total expenditure 19,319 19,319 19,319 142,760 142,760 19,319 Net expenditure and net movement in funds (19,294) (19,294) (142,749) Reconciliation of funds Total funds brought forward Total funds carried forward 277,933 277,933 258,639 420,682 277,933 258,639 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 7 to 12 form part of these financial statements.
Annalong Community Development Association Limited Company Limited by Guarantee Statement of Financial Position 31 March 2023 2023 2022 Current assets Debtors Cash at bank and in hand Note 14 982 259,937 260,919 916 278,576 279,492 Creditors". amounts falling due within one year Net current assets Total assets less current liabilities 15 2,280 1,559 277,933 277,933 258,639 258,639 Funds of the charity Unrestricted funds Total charity funds 258,639 258,639 277,933 16 277,933 For the year ending 31 March 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised ft)r issue on and are signed on behalf of the board by.. Mr D Mccauley Trustee Mr S Hughes Trustee The notes on pages 7 to 12 form part of these financial statements.
Annalong Community Development Association Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2023 General Information The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered ofFI is 20 Linden Brae, Annalong, Newry, Northern Ireland, BT34 4XS. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting policies Basis of preparation The organisation as a charity is required to prepare accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP IFRS 102)) and the Charities Act (Northern Ireland) 2008. Going concern There are no material uncertainties about the charity's ability to continue. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment funds.
Annalong Community Development Association Limited Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2023 Accounting policies (continued) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity., it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitsble activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Annalong Community Development Association Limited Company Limited by Guarantee Notes to the Financial Statements {contlnuedJ Year ended 31 March 2023 Accounting policies (continued) Tangible assets fcontinued) An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows.. Fixtures and fittings 15 % straight line Limited by guarantee The Company is incorporated under the Companies {Northern Ireland} Order 1986 as a Company Limited by guarantee and not having a share capital with Company Number N1029070. Charitable activities Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Key access 10 10 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Bank interest receivable 25 25 Expenditure on charitable activities by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Coastal path repair & maintenance Community firework display Costs re proposed extension to coastal path Community charity donation Support costs 3,782 2,250 3,782 2,250 93,213 93,213 10,631 10,631 43,164 3,000 3,383 43,184 3,000 3,383 2,656 2,656 19,319 19,319 142,760 142,760
Annalong Community Development Association Limited Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2023 Expenditure on charitable activities by activity type Activities undertaken directly Support costs Totsl funds 2023 Total fund 2022 Coastal path repair & maintenance Community firework display Costs re proposed extension to coastal path Community charity donation Governance costs 3,782 2,250 3,782 2,250 93,213 10,631 10,631 43,164 3,000 3,383 142,760 2,656 2,656 19,319 16,663 2,656 Analysis of support costs Analysis of support costs activity 1 Total 2023 Totsl 2022 Sundry Expenses Accountancy Fees Bank fees Insurance 139 720 179 1,618 139 720 179 1,618 24 1,560 184 1,615 2,656 2,656 3,383 10. Independent examination fees 2023 2022 Fees payable to the independent examiner for.. Independent examination of the financial statements Other assurance services 350 370 700 860 720 1,580 11. staff costs There were no paid employees during the current year, {2022 - Nil) 12. Trustee remuneration and expenses No trustee received any remuneration {2022 £2,400) and no trustee claimed any expenses (2022 £nil) during the year in connection with their duties. The £2,400 paid to the trustee D Macauley in 2022 related to his time incurred in the process of trying to obtain permissions for the proposed extension of the coastal path. 10
Annalong Community Development Association Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2023 13. Tangible fixed assets Fixtures and fittings Cost At 1 April 2022 and 31 March 2023 Depreciation At 1 April 2022 and 31 March 2023 Carrying amount At 31 March 2023 1,515 1,515 At 31 March 2022 14. Debtors 2023 2022 Prepayments and accrued income 982 916 15. Creditors: amounts falling due within one year 2023 2022 Other creditors and accruals 2,280 1,559 16. Analysis of charitable funds Unrestricted funds At 31 March 202 At 1 April 2022 Income Expenditure Profit & loss account 277,933 25 {19,319} 258,639 At 31 March 202 At 1 April 2021 Income Expenditure Profit & loss account 420,682 (142,760) 277,933 11
Annalong Community Development Association Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2023 17. Analysis of net assets between funds Unrestricted Total Funds Funds 2023 Current assets Creditors less than 1 year Net assets 260,919 (2,280) 258,639 260,919 {2,280) 258,639 Unrestricted Total Funds Funds 2022 Current assets Creditors less than 1 year Net assets 279,492 (1,559) 277,933 279,492 {1,559) 277,933 18. Contingencies The directors have confirmed that there were no contingent liabilities which should be disclosed at 31 March 2023. 19. Capital commitments The trustees have confirmed that there were no capital commitments at 31 March 2023. 12
Annalong Community Development Association Limited Company Limited by Guarantee Management Information Year ended 31 March 2023 The following pages do not form part of the financial statements. 13
Annalong Community Development Association Limited Company Limited by Guarantee Detailed Ststement of Financial Activities Year ended 31 March 2023 2023 2022 Income and endowments Charitable activities Key access 10 Investment income Bank interest receivable 25 Total income 25 11 Expenditure Expenditure on charitable activities Repairs and maintenance Community fireworks Insurance Accounting fees Sundry office costs Bank fees Charitable donation Costs re proposed extension to coastal path 3,782 2,250 1,618 720 139 179 92,755 1,615 1,560 24 184 3,000 43,622 10,631 19,319 142,760 Total expenditure 19,319 142,760 Net expenditure (19,294) (142,749) 14
Annalong Community Development Association Limited Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities Year ended 31 March 2023 2023 2022 Expenditure on charitable activities Coastal path repair & maintenance Activities undertaken directly Coastal path repair & maintenance Coastal path - Sundry expenses 3,782 92,755 458 3,782 93,213 Community firework display Activities undertaken directly Community fireworks display Costs re proposed extension to coastal path Activities undertaken directly Costs re proposed extension to coastal path Community charity donation Activities undertaken directly Community charitable donation Governance costs Governance costs - Insurance Governance costs - Accountants fees Governance costs - Office costs Governance costs - Bank fees 2,250 10,631 43,164 3,000 1,618 720 139 179 1,615 1,560 24 184 2,656 3,383 Expenditure on charitable activities 19,319 142,760 15