COMPANY REGISTRATION NUMBER: N1031476 CHARITY REGISTRATION NUMBER: NIC 100896 LAURENCETOWN, LENADERG AND TULLYLISH COMMUNITY ASSOCIATION Company Limited by Guarantee Unaudited Financial Ststements 31 March 2023 GA ACCOUNTANTS LTD Chartered accountant 35 CHURCH SQUARE BANBRIDGE CO DOWN BT32 4AP
LAURENCETOWN, LENADERG AND TULLYLISH COMMUNITY ASSOCIATION Company Limitsd by Guarantse Financial Ststements Year ended 31 March 2023 Page Trustees, annual report (incorporating the directorfs report) Independent examinerfs report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements 11
LAURENCETOWN, LENADERG AND TULLYLISH COMMUNITY ASSOCIATION Company Limited by Guarantse Trustses, Annual Report (Incorporating the Directorfs 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 ststements of the charity for the year ended 31 March 2023. Reference and admlnlstratlve details Reglstsred charity name LAURENCETOWN, LENADERG AND TULLYLISH COMMUNITY ASSOCIATION Charity registratlon number NIC 100896 Company registration numbor N1031476 Principal office and reglstered Drumnascamph Road office Laurencetown Craigavon BT63 6DU The trustees J Doyle H Mateer B Mayes M Conlon N Kerr P Mcconnon K Savage J Bell M Byrne M Mcconnon l Quilietti Indopendent examiner Seamus Ryan FCA 35 CHURCH SQUARE BANBRIDGE CO DOWN BT32 4AP
LAURENCETOWN, LENADERG AND TULLYLISH COMMUNITY ASSOCIATION Company Limited by Guarantse Trustses. Annual Report (Incorporating the Directorfs Report) (contlnued) Year ended 31 March 2023 structure, governance and management LaUrentOWn, Lenaderg & Tullylish Community Association is a company limited by guarantee and is governed by its Memorandum and Articles of Association which were adopted on 27th August 1996 and amended on 30th June 2008. It is rewgnised by HM Revenue and Customs as a charity for tsx purposes and as a registered charity by the Northem Ireland Charity Commissioners. The Association is managed by a committee elected by its members. The Committee is not subject to any maximum but should not be less than four. At 31st March 2022 there were ten Committee members. New Committee members undergo a process of induction each year and the training needs of the Committee are reviewed on an annual basis. The committee take responsibility for the strategic and operational direction of the Association. It delegates authority to sub-committees on issues of finan and employment, for example. The Association employs a Communty Development Officer who overseas the day-to-day operations of the Association's work which includes managing staff, volunteers, propety and finance. The association is a member of the following bodies: Youth Action; RCN and TADA Rural Support NebNork. It also has a fomal partnership agreement with the Southern Health and Social Care Trust to deliver specific services.
LAURENCETOWN, LENADERG AND TULLYLISH COMMUNITY ASSOCIATION Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (¢ontinued) Year ended 31 March 2023 Objectives and activities The Laurencetown, Lenaderg and Tullylish Community Association's vision is to "sustain and enhance a community in which people are proud to live: where individuals are empowered to make a positive difference in their own lives and the lives of others.. and where people are given the opportunity to contribute to the community and where all are afforded respect" Our mission is to "help identify and meet the social, recreational, educational, health and well-being needs of all the people living in the Laurencetown, Lenaderg and Tullylish area" Our previous Strategic Plan sets out the following strategic aims for the Association.. 1. Ensure successful and positive services and facilities are rolled out by LLT are recognised and developed. 2. Ensure the Association attracts and retains appropriate members, volunteers and staff. 3. Identify projects which will involve the Community, will secure stsff, maintain the centre and meet intergenerational needs. 4. To assist young adults with Autism who are at risk of isolation and negative mental health due to the lack of services from age 17 and the lack of employment opportunities. 5. Ensure that the Association has the financial resources to achieve its aims and objectives. 6. To ensure the areas are attractive and somewhere people wou5d be proud to live. 7. Ensure the organisation attracts and retains appropriate members, volunteers and staff. 8. To offer a varied and imaginative selection of activities that meet the identified needs of the area. 9. To ensure that we maintain existing equipment in a functional manner. In order to meet these aims the Association runs a varied programme of services in its community centre. The programme includes a parent and toddler group, activities for primary and secondary school age, young people, older people's groups. and classes. Moreover the Association lobbies statutory agencies for improved SeNis'CaMpaignS on issues affecting local peoples lives,. supports other local groups,. and offers the Centre as a venue to groups based in our area and beyond. The Association employs Iwo full-time and four part-time members of staff and depends on valuable contribution made by volunteers.
LAURENCETOWN, LENADERG AND TULLYLISH COMMUNITY ASSOCIATION Company Limited by Guarantse Trustees. Annual Report (Incorporating the Director's Report) (contlnuedj Year ended 31 March 2023 Achievements and porformance In the period under review April 2022 to March 2023, the footfall in the Centre (not including Pre- School attendance figures) was approximately 20,010 with 20 different weekly groups using the facilities. In addition, 48 volunteers contributed 6,765 hours to the Association's work. In financial terms, and working according to the UK National Living wage of £10.42 per hour, these volunteer hours would equate to £70.491.30 worth of community work delivered in kind. LLTCA has recently been successful in obtaining just under £200,000 funding for a four year project working with young people aged 5-25 years. This will result in th recruitment of three part-time staff. Connecting the Community started in Febwary 2021 and continues to build - with one member of staff employed to Co-ordinate the work and 17 new volunteers recruited in the 2022123 year. The project provides support to people over 65 years of age. This project is funded by BIG Lottery People and Communities. The After School Club aimed at primary school aged children continued with over 30 young people registered. The Parent and Toddler Group has continued to grow with new children attending and support and advi being offered from within the community to first time parents. The needs of the over 55s were addressed through a bi-weekly luncheon club, enhand day care, Story-telling sessions and the ongoing development of the Out and About Group which facilitated a record number of subsidised outings over the year to sites of historical and cultural interesL A Send day was introduced in March 2022 due to increased demand and number of referral from social workers. Our Thursday group was at FULL capacity and we had a waiting list. This has been supported financially by by the SHACK and resulted in the recruitment of five new volunteers. Financlal review The Charity, with the aid of sound financial management and support from both its staff and volunteers, generated a surplus of £16.629. This has been a very SUCssful year when compared to last year when the Charity suffered a deficit of £7,100. The principal funding sources for the Charity were: CDM Salary Costs - by way of contract income from the Southem Health and Social Care trust and rental income. Caretaker Salary Costs - from rental income. Running Costs - grant income from Armagh, Banbridge and Craigavon Borough Council, Children in Need. rental income from centre-user groups and a number of grants from a wide variety of funders (Clanmill. Community Foundation , Garfield Weston Youth Funding etc.
LAURENCETOWN, LENADERG AND TULLYLISH COMMUNITY ASSOCIATION Company Limited by Guarantee Truste8s' Annual Report (Incorporating the Director's Report) {continuedJ Year ended 31 March 2023 Plans for future perlods The association will continue to strive to achieve its aims and objectives as set out in its Strategic Plan as detailed earlier in this report under'objectives and Activities" Key pieces of work to be undertaken in the next year as follows: 1. Review of future fundinglincome via projects and rental given the loss of the SLA with ABC Council. 2. Assist Pre-school Committee to obtain funding to up-date toilets and kitchen in Pre-school. 3. Apply for planning permissionlbuilding control to install a new additional toilet in the Centre 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 26 May 2023 and signed on behalf of the board of trustees by: P Mcconnon Trustee
LAURENCETOWN, LENADERG AND TULLYLISH COMMUNITY ASSOCIATION Company Limited by Guarantee Independent Examinerfs Report to the Trustees of LAURENCETOWN, LENADERG AND TULLYLISH COMMUNITY ASSOCIATION Year ended 31 March 2023 I report to the trustees on my examination of the financial statements of LAURENCETOWN, LENADERG AND TULLYLISH COMMUNITY ASSOCIATION ('the charity,) 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 accordan 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 examinor's statement I have completed my examination. I confinn 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 statsments 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 fairf 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 meth()Is and principles of the Ststement of Recommended Practi for accounting and reporting by charities applicable to chartties preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
LAURENCETOWN, LENADERG AND TULLYLISH COMMUNITY ASSOCIATION Company Limited by Guarantee Independent Examiner's Report to the Trustses of LAURENCETOWN, LENADERG AND TULLYLISH COMMUNITY ASSOCIATION (¢ontiftued) Year ended 31 March 2023 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. Seamus Ryan FCA Independent Examiner 35 CHURCH SQUARE BANBRIDGE CO DOWN BT32 4AP
LAURENCETOWN, LENADERG AND TULLYLISH COMMUNITY ASSOCIATION Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2023 2023 Restricted funds Total funds Total funds 2022 Unrestricted funds Note Income Grants and Donations other activities 128,255 65,225 193,480 128,255 88,853 217,108 127,029 44,248 23,628 23,628 Total income 171,277 Expenditure Expenditure on raising funds: Expenditure costs Total expenditure 200,479 200,479 200,479 200,479 178,377 178,377 Net incomellexpendlture) and not movement In funds 23,628 (6,999) 16,629 (7,100) Reconciliation of funds Total funds brought forward Total funds carried forward 214,786 238,414 67,171 60,172 281,957 298,586 289.057 281,957 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 11 to 20 form part of those financial statsments.
LAURENCETOWN, LENADERG AND TULLYLISH COMMUNITY ASSOCIATION Company Limited by Guarantse Statement of Financial Position 31 March 2023 2023 2022 Note Fixed assets Tangible fixed assets 12 200.730 213,962 Current assets Debtors Cash at bank and in hand 13 2,079 102,503 104,582 2,526 100,937 103,463 Credltors: amounts falling due within one year Net Current assets 14 6,726 97,856 298,586 298,586 35,468 67.995 281,957 Total assetsloss current liabilities Net assets 281,957 Funds of the charity Restricted funds Unrestricted funds 4,781 293,805 298,586 33,968 247,989 281,957 Total charlty funds 18 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 obtsin an audit of its financial ststements 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. The statement of financial position continues on the following page. The notes on pages 11 to 20 form part of these financial statements.
LAURENCETOWN, LENADERG AND TULLYLISH COMMUNITY ASSOCIATION Company Limited by Guarantee ststement of Financial Position (continued) 31 March 2023 These financial statements were approved by the board of trustees and authorised for issue on 26 May 2023, and are signed on behalf of the board by: H Mateer Trustee Trustee The notes on pages 11 to 20 form part of these financial ststements. 10
LAURENCETOWN, LENADERG AND TULLYLISH COMMUNITY ASSOCIATION Company Limited by Guarantee Notss to the Financial Ststements 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 office is Drumnascamph Road, Laurencetown, Craigavon, BT63 6DU. 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 preparatlon The financial statements have been pPared 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 concorn There are no material uncertainties about the charity's ability to continue. Disclosure exemptions These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. Judgements and key sources of estimatlon uncertainty The preparation of the financial statements require management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and ar based on experience and other factor5, 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 eamiarked 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. 11
LAURENCETOWN, LENADERG AND TULLYLISH COMMUNITY ASSOCIATION Company Limited by Guarantee Notss to the Financial Statements (eontinuedj Year ended 31 March 2023 Accounting policies (contlnued) 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 estsblished. 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 exponded 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 fi'nancial 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 charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activtties. 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 behveen the activities they contribute to on a reasonable, justifi'able and consistent basis. Operating leases Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis. 12
LAURENCETOWN, LENADERG AND TULLYLISH COMMUNITY ASSOCIATION Company Limited by Guarantee Notas to the Financial Statements (conelnued) Year ended 31 March 2023 Accounting policies (continued) 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. 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, expt to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the ststement 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: Freehold property Plant and machinery Fixtures and fittings 5% straight line 250/0 reducing balance 250h reducing balan 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. whe the carrying value eXed$ 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- generats'ng 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. Government grants Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assuran that the charity will comply with the conditions attaching to thgm and th• grants will b• recgivgd, 13
LAURENCETOWN, LENADERG AND TULLYLISH COMMUNITY ASSOCIATION Company Limited by Guarantee Notes to the Financial Statements {contlnued) Year ended 31 March 2023 Accounting policies (continued) Government grants (contlnued) Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are reIVed or receivable. Where the grant does impose specified future perfomance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a Flnanclal Instruments A financial asset or a financial liability is recognised only when the charity becomes a paty to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other considerats'on expected to be paid or reiVed and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairmen( an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. 14
LAURENCETOWN, LENADERG AND TULLYLISH COMMUNITY ASSOCIATION Company Limited by Guarantee Notes to the FAnancial Statements (continued) Year ended 31 March 2023 Accounting policies (continued) Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related servi, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Limited by guarantee Laurencetown, Lenaderg and Tullylish Cornmunity Association is a company limited by guarantee and accordingly does not have Sha capitsl, the liabilty of each member being limited to an amount not exceeding £1. At the AGM the number of members was eleven. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while helshe is a member, or viithin one year after helshe ceases to be a member. Grants and donatlons Unrestricted Funds Restricted Totsl Funds Funds 2023 Donations Donations 500 500 Grants SHSCT Armagh, Banbridge & Craigavon SELB Grant DEARA Children in Nd CFNI IT Project CC Lottery Awards for All Government grant income NIHE 25,452 8,306 5.000 1.495 8,506 25,452 8,306 5,000 1,495 8,506 62,076 62,076 16,920 128.255 16,920 128,255 15
LAURENCETOWN, LENADERG AND TULLYLISH COMMUNITY ASSOCIATION Company Limited by Guarantse Notes to the Financial Statsments (continued) Year ended 31 March 2023 Grants and donations (contlnued) Unrestricted Funds Restricted Total Funds Funds 2022 Donations Donations 1.423 1,423 Grants SHSCT Armagh. Banbridge & Craigavon SELB Grant DEARA Children in Need CFNI IT Project CC Lottery Awards for All Government grant income NIHE 18,694 6,287 1,348 7,100 8.732 2.325 54,591 9.140 17.389 18,694 6,287 1,348 7,100 8,732 2,325 54,591 9,140 17,389 1,423 125,606 127,029 other activities Unrestricted Funds Restricted Total Funds Funds 2023 other Activities for Generating Funds Rental Sundry Income Youth Activities 1,027 11,701 10,900 1,027 15,483 69,103 3.240 3,782 58,203 3,240 65,225 23,628 88,853 Unrestricted Funds Restricted Totsl Funds Funds 2022 Other Activities for Generating Funds Rental Sundry Income Youth Activities 899 10,584 11,143 2,054 24.680 899 11,384 29,910 2,055 44,248 800 18,767 19.567 16
LAURENCETOWN, LENADERG AND TULLYLISH COMMUNITY ASSOCIATION Company Limited by Guarantsa Notas to the Financial Statements (continued) Year ended 31 March 2023 Expenditure costs Restricted Total Funds Funds 2023 Restricted Total Funds Funds 2022 Wages and salaries Pension costs Advertising Postage & Stationery Light & heat Repairs & maintenance Insurance Equipment & Computer Software Bank Interest & Charges Transport Costs Telephone Accountancy Fees Depreciation Craft Fees Youth & Volunteer Costs Sundry Expenses Cloth Workers Trust Food Costs SELB Out & About Club Children in Need Art Project George Earl Co-op Ireland Clanmill Connecting the Community ACNI Project NIHE 83,343 1.861 83,343 1,861 80,907 4,421 1,097 854 4,260 11,354 3,086 9,395 289 677 1,115 3,594 14,143 6.085 553 10,158 80.907 4.421 1.097 854 4.260 11.354 3,086 9,395 289 677 1,115 3,594 14,143 6,085 553 10,158 580 5.087 16.159 1,548 1,314 289 10,588 1,867 2,280 13,232 14,243 4,006 11,654 3,204 8,026 3,341 4,321 139 580 5,087 16.159 1,548 1,314 289 10,588 1,867 2,280 13,232 14,243 4.006 11.654 3.204 8,026 3,341 4,321 139 4.155 1,650 210 4,338 4,710 1,001 1,970 5,864 2,490 4,155 1,650 210 4,338 4,710 1,001 1,970 5,864 2,491 2,925 3,736 4,297 2,439 200,479 2,925 3,736 4,297 2,439 200.479 178,376 178,377 Net incomel{expenditure) Net incomel(expenditure) is stated after chargingl(crediting): 2023 2022 Depreciation of tangible fixed assets Operating lease rentsls 13,232 14.144 1,097 17
LAURENCETOWN, LENADERG AND TULLYLISH COMMUNITY ASSOCIATION Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2023 Independent examination fees 2023 2022 Fees payable to the independent examiner ft)r: Independent examination of the financial statements 500 500 10. Staff costs The total stsff costs and employee benefits for the reporting period are analysed as follovts: 2023 2022 Wages and salaries Employer contributions to pension plans 83,343 1,861 85,204 80.907 4,421 85,328 The average head count of employees during the year was 6 (2022.. 14). The average number of full-time equivalent employees during the year is analysed as foll0y. 2023 No. 2022 No. Number of staff - type 1 14 No employee re]Ved employee benefits of more than £60,000 during the year {2022: Nil). 11. Trustee remuneratlon and exponses No Remuneration or other benefits from employment with the charity or a related entty vrfere received by the trustee during the year. 12. Tangible fixed assets Land and buildings Plant and Fixtures and machinery f5ttings Total Cost At 1 April 2022 and 31 March 2023 Depreciation At 1 April 2022 Charge for the year At 31 March 2023 247,770 33.787 42,134 323,691 37.166 12.388 31,778 506 40,785 338 109,729 13,232 122.961 49,554 32,284 41,123 Carrying amount At 31 March 2023 198,216 21U,bU4 1,503 2,UUY 1,011 1.34Y 200,730 213.Yti2 At 31 March 2U22 18
LAURENCETOWN, LENADERG AND TULLYLISH COMMUNITY ASSOCIATION Company Limitsd by Guarantee Notes to the Financial Statements fcontinued) Year ended 31 March 2023 13. Debtors 2023 2022 Other debtors 2,079 2,526 14. Creditors: amounts falling due within one year 2023 2022 Accruals and deferred income 6,726 35,468 15. Deferred Income 2023 2022 At 1 April 2022 Amount released to income Amount deferred in year At 31 March 2023 33,967 (33,967) 4,781 4,781 18,681 (15,398) 30,685 33,968 16. Penslons and other post retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £1,861 (2022: £4,421). 17. Government grants The amounts recognised in the financial statements for government grants are as follows: 2023 2022 Recognised in income from donations and legacies: Government grants income 17,389 18. Analysis of charitable funds Unrestricted funds At 31 March 202 At 1 April 2022 Income Expenditure Transfers General funds 214,786 23,628 55,391 293.805 19
LAURENCETOWN, LENADERG AND TULLYLISH COMMUNITY ASSOCIATION Company Limited by Guarantee Notss to the Financial Statements (contlnued) Year ended 31 March 2023 18. Analysis of charitable funds (continued) Restricted funds At 31 March 202 At 1 April 2022 Income Expenditure Transfers Restricted Fund 1 67,171 193.480 (200,479) (55,391) 4,781 19. Unrestricted funds Unrestricted funds of £247,989 comprise of fi'xed assets including the property , plant and machinery and fixtures and fittings and net current assets. 20. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Total Funds Funds 2023 2022 Investsnents 293,805 4,781 298,586 281,957 21. Cash at bank and in hand Analysis of Cash at bank and in hand is all¢xated as follows: Restricted Funds Unrestricted Funds 4,781 97,723 Total 102,504 20