COMPANY REGISTRATION NUMBER: NI609218 CHARITY REGISTRATION NUMBER: NIC100781
Rowallane Community Hub Company Limited by Guarantee
Financial Statements 30 September 2022
Rowallane Community Hub
Company Limited by Guarantee
Financial Statements
Year ended 30 September 2022
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities (including income and | |
| expenditure account) | 5 |
| Statement of financial position | 6 |
| Notes to the financial statements | 7 |
Page 1
Rowallane Community Hub
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 30 September 2022
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 30 September 2022.
Reference and administrative details
Registered charity name Rowallane Community Hub Charity registration number NIC100781 Company registration number NI609218 Principal office and registered 35 Main Street office Saintfield Ballynahinch Co. Down BT24 7AB Northern Ireland
The trustees
Mr B J Graham Mr A T Bland Mr A Wilkinson Mrs P M Ashby Dr I W Mack Mrs S E Welsh Company secretary Mr B J Graham Independent examiner Ms Elaine Mulholland 216/218 Holywood Road Belfast BT4 1PD
Structure, governance and management
The organisation is a charitable company, limited by guarantee and incorporated on 27 September 2011. The company is governed under its Articles of Association and in the event of the company being wound up members would be required to contribute an amount not exceeding £1.
Page 2
Rowallane Community Hub
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 September 2022
Objectives and activities
The objects of Rowallane Community Hub are to promote the benefit of the inhabitants of the Rowallane area and it environs to:
-
provide facilities in the interests of social welfare for recreation and other leisure time occupation with the object of improving the conditions of life for the inhabitants of the area of benefit;
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advance community development in the area of benefit and in particular the promotion of the community and voluntary sector for the benefit of the public by providing support and facilities to community and voluntary groups;
-
promote education and training by:
(i)providing facilities and equipment for the educational courses and programmes;
(ii)promoting knowledge and education in good gardening principles and the protection of the natural environment and encouraging participation in horticultural and gardening activities;
- promote good community relations.
The Charity complies with the duty to have regard to the Commission’s Public Benefit requirement statutory guidance: In setting the objectives and planning the activities for the year the trustees have given careful consideration to the Charity Commission for Northern Ireland’s guidance on public benefit to ensure that the activities have helped to achieve the charity’s purposes and provide a benefit to the beneficiaries.
Achievements and performance
Rowallane Community Hub was officially opened on 31 March 2015 having undertaken the substantial project of developing 2 derelict barns and a yard to create a modern, accessible, multi-use space available to all members of Saintfield and neighbouring communities. Development costs have included the creation of a community hall and community allotments. During the year the charity has continued to develop its facilities and has continued to provide services to the local community in line with its objectives.
Financial review
During the year Rowallane Community Hub generated income from its facilities of £11,458. This resulted in a small overall loss of £385 for the year.
Page 4
Rowallane Community Hub
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Rowallane Community Hub
Year ended 30 September 2022
I report to the trustees on my examination of the financial statements of Rowallane Community Hub ('the charity') for the year ended 30 September 2022.
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 65 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 65(9)(b) of the 2008 Act.
Independent examiner's 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:
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accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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the financial statements do not accord with those records; or
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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
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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.
Ms E Mulholland On behalf of Johnston Graham Limited Independent Examiner
216/218 Holywood Road Belfast BT4 1PD
Page 5
Rowallane Community Hub
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 30 September 2022
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 593 | – | 593 | – |
| Charitable activities | 6 | 5,997 | – | 5,997 | 3,545 |
| Investment income | 7 | – | – | – | 12 |
| Other income | 8 | 4,868 | – | 4,868 | 4,200 |
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| Total income | 11,458 | – | 11,458 | 7,757 | |
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| Expenditure | |||||
| Expenditure on charitable activities | 9,10 | 11,843 | – | 11,843 | 12,694 |
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| Total expenditure | 11,843 | – | 11,843 | 12,694 | |
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| Net expenditure and net movement | in | ||||
| funds | (385) | – | (385) | (4,937) | |
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| Reconciliation of funds | |||||
| Total funds brought forward | (19,068) | 284,883 | 265,815 | 270,752 | |
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| Total funds carried forward | (19,453) | 284,883 | 265,430 | 265,815 | |
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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.
| RowallaneGommunityHub CompanyLimitedby Guarantee StatementofFinancialPosition 30September2A22 |
Page6 | |||
|---|---|---|---|---|
| Note | e 2022 |
t | 2421 I |
|
| Flxed assets | ||||
| Tangible fixed assets | 13 | 391,44{' | 391,440 | |
| Current assets | ||||
| Cash atbankandinhand | 9,222 | 9,107 | ||
| Netcurentassets | 9,222 | 9,107 | ||
| Total assets lesscurrent liabilities | 400,662 | 400,*7 | ||
| Crcditors:amountsfallingdue after more than oneyear |
,,4 | 135,232 | 1U,732 | |
| Netasseb | 265,430 | 265,815 | ||
| Funds of thecharity Restricted funds Unrestricted funds |
284,883 qe,453) |
284,883 q!{g) |
||
| Total charityfunds | {5 | 265,430 | 265,815 |
Page 7
Rowallane Community Hub
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30 September 2022
1. 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 office is 35 Main Street, Saintfield, Ballynahinch, Co. Down, BT24 7AB, Northern Ireland.
2. 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.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:
(a) No cash flow statement has been presented for the company.
(b) Disclosures in respect of financial instruments have not been presented.
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.
Page 8
Rowallane Community Hub
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2022
3. 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:
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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.
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legacy income is recognised when receipt is probable and entitlement is established.
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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.
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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:
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expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
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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 charitable activities.
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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
All fixed assets are initially recorded at cost.
Page 9
Rowallane Community Hub
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2022
3. Accounting policies (continued)
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:
Office equipment - 20% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
4. Limited by guarantee
The company is limited by guarantee and has no issued or authorised share capital.
5. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Donations | 593 | 593 | – | – |
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6. Charitable activities
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Grant Income | – | – | – |
| Voluntary Income | 5,997 | – | 5,997 |
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| 5,997 | – | 5,997 | |
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Page 10
Rowallane Community Hub
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2022
6. Charitable activities (continued)
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2021 | |||
| £ | £ | £ | |||
| Grant Income - DAERA | – | 1,134 | 1,134 | ||
| Voluntary Income | 2,411 | – | 2,411 | ||
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| 2,411 | 1,134 | 3,545 | |||
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| 7. | Investment income | ||||
| Unrestricted | Total Funds |
Unrestricted | Total Funds | ||
| Funds | 2022 |
Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Bank interest received | – | – |
12 | 12 | |
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| 8. | Other income | ||||
| Unrestricted | Total Funds |
Unrestricted | Total Funds | ||
| Funds | 2022 |
Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Rental Income | 4,225 | 4,225 |
4,200 | 4,200 | |
| Other income | 643 | 643 |
– | – | |
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| 4,868 | 4,868 |
4,200 | 4,200 | ||
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| 9. | Expenditure on charitable activities by fund type | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| £ | £ | £ | |||
| Support costs | 11,843 | – | 11,843 | ||
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| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2021 | |||
| £ | £ | £ | |||
| Support costs | 11,560 | 1,134 | 12,694 | ||
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| 10. | Expenditure on charitable activities by activity type | ||||
| Total funds | Total fund | ||||
| Support costs | 2022 | 2021 | |||
| £ | £ | £ | |||
| Governance costs | 11,843 | 11,843 | 12,694 | ||
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Page 11
Rowallane Community Hub
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2022
11. Independent examination fees
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 500════ |
600════ |
12. Trustee remuneration and expenses
No trustees received remuneration or other benefits through employment of the charity.
13. Tangible fixed assets
| Fixtures and | Land and | ||
|---|---|---|---|
| fittings | buildings | Total | |
| £ | £ | £ | |
| Cost | |||
| At 1 October 2021 and 30 September 2022 | 4,871 | 391,440 | 396,311 |
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| Depreciation | |||
| At 1 October 2021 and 30 September 2022 | 4,871 | – | 4,871 |
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| Carrying amount | |||
| At 30 September 2022 | – | 391,440 | 391,440 |
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| At 30 September 2021 | – | 391,440 | 391,440 |
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| Creditors: amounts falling due after more than | one year | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Other creditors | 135,232═════════ |
134,732═════════ |
14. Creditors: amounts falling due after more than one year
15. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||||
|---|---|---|---|---|---|---|
| At | ||||||
| At | 1 | Oct 2021 | Income | Expenditure | 30 Sept 2022 | |
| £ | £ | £ | £ | |||
| Unrestricted Fund | (19,068) | 11,458 | (11,843) | (19,453) |
||
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| At | ||||||
| At | 1 | Oct 2020 | Income | Expenditure | 30 Sept 2021 | |
| £ | £ | £ | £ | |||
| Unrestricted Fund | (14,131) | 6,623 | (11,560) | (19,068) |
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Page 12
Rowallane Community Hub
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 September 2022
15. Analysis of charitable funds (continued)
Restricted funds
| Restricted funds | ||||
|---|---|---|---|---|
| At | ||||
| At 1 Oct 2021 | Income | Expenditure | 30 Sept 2022 | |
| £ | £ | £ | £ | |
| Restricted Fund | 284,883 | – | – | 284,883 |
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| At | ||||
| At 1 Oct 2020 | Income | Expenditure | 30 Sept 2021 | |
| £ | £ | £ | £ | |
| Restricted Fund | 284,883 | 1,134 | (1,134) | 284,883 |
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| Analysis of net assets between | funds | |||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| £ | £ | £ | ||
| Tangible fixed assets | – | 391,440 | 391,440 | |
| Current assets | 9,222 | – | 9,222 | |
| Creditors less than 1 year | (28,675) | (106,557) | (135,232) |
|
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| Net assets | (19,453) | 284,883 | 265,430 | |
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| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| £ | £ | £ | ||
| Tangible fixed assets | – | 391,440 | 391,440 | |
| Current assets | 9,106 | – | 9,106 | |
| Creditors less than 1 year | (28,175) | (106,557) | (134,732) |
|
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| Net assets | (19,069) | 284,883 | 265,814 | |
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