Charity number: NIC101128 Fivemiletown Community Development Association Trustees, Report And Financial Statements for the year ended 31 March 2023
Fivemiletown Community Development Association Contents Page Trustees report Accountants, report lo the trustees Independent Examiners Report Statement of financial aciivities Balance Sheet Noies to ihe financial statements 10-13
Fivemiletown Community Development Association Trustees, report for the year ended 31 March 2023 Principal Activities The objective of Fivemiletown Community Development Associalion is to provide charitable services to the local community. The financial statements compl), iyiih Reporting by Charities= Statement of Recommended Practice applicable to chariiies preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2021). Main achievements We gave support of £1 000 to the local Community Walking Club. £500 towards the local Chamber of Commerce Christmas lights appeal, £400 to the Fivemi letown Meihodisi Friendship Club and £200 10 Ballyboyce Communitv Choir. Public Benefit To advance education the direct benefits which flow from this purpose are increased access to informaiion. increased confidence and self-esieem, increased abiliiy to access employmenl OPPOrtunilies. The benefits are evidenced through feedback and evaluation from the group and local communili,. There is no harm anticipated from this purpose. The charity's beneficiaries are people living in the rural area of Fivemileiown. A private benefit may arise from trustees accessing our ongoing programme of activilies in the community. These benefits are incidental and necessary to ensure the benefit is provided to our beneficiaries. To promoie the preservation and protection of healih among people of all ages in Fivemiletown and its environs in County Tyrone without distinction of age. gender, sexualiry. nationality, ethnic origin. political or religious opinion. The direct benefits which flow from this purpose are the provision of a neutral venue for local people to meet and socialise, increased access to infom)ation, increased confidence and seif£steem. The benefits are evidenced through feedback and evaluation from the group and local community. There is no harm anticipated from this purpose. To provide facilitie5 in the interests of social welfare for recrealional activities designed to promote health and fitness or other leisure-time occupation, with the object of improving the conditions of life for the said inhabitants the direct benefits which flow from this purpose are the provision of a neutral venue for local people to meet and socialise in an i501ated border area, increased access to infomiation, increased confidence and self-esteem, and, increased cross- community interaciion. The benefits are evidenced through feedback and evaluation from Ihe group and local community. There is no harn) anticipated from this puOSe. Page 3
Fivemiletown Community Development Association Legal and administrative information Status Trusiees N Anderson F Bruni I S Faell T Douris J Williamson l Lapsley E Bennelt J Burrell R Baird E Anderson N Irvine S Watters Secretary R Baird Charity number NICIOI128 Accountant5 Cooper Irvine Ltd Chartered Accountants & Registered Auditors 103 Main Street Fivemiletown Co. Tyrone BT75 OPG Business address Unit I, The Buttennarket Main Street Fivemiletown Co. Tyrone
Fivemiletown Community Development Association Results The results for the year are set out in the attached accounts. There is a Defecit for the year of (£605) 2022- Surplus of £3732. Future developments It is intended that Fivemiletown Community Development Association will continue in the long term and will provide charitable services to the local COTllTnunity. StatemeDI of trustees, responsibilities Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity at the )'ear end and of its incomin¢Y resources and resources expended during that year. In preparing those financial sialements, the trustees are required io= select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent- state whether applicable accounling Standards and staiements of recommended praclice have been followed subject to any departures disclosed and explained in the financial statements- and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records which dtsclose with reasonable accuracy at any time the tinancial position of the charily and enabl¢ them to ensure ihat the financial stalemenls comply wilh the recogiiised accounting standard. They are also responsible for safeguarding the assets of ihe charity and hence for taking reasonable steps for the prevention and deiection of fraud and other irregulariites. Page 4
Fivemiletown Community Development Association Accountants A resolution proposing that Cooperlrvine Ltd be reappoinled as accountants of the charity will be pul to the Annual General Meeting. This report was approved by the trust¢es on 216liJ and signed on 115 behalf by: N Anderson IS Farrell Page 5
Fivemiletown Community Developrnent Association CHARTERED ACCOUNTANTS, REPORT to the Board of Directors on the unaudited financial statements for the year ended 31 March 2023 In order to assist you to fulfil your duties, we have prepared for your approval the financial statements of the charity for ihe year ended 31 March ?023 which comprise the Statement of Financial Activities, the Balance Sheet and ihe related notes from the charity's accounting records and from infornialion and explanalions you have given to us. This report is made solely to ihe Board of Trustees of Fivemilelown Community Development Association, as a body, in accordance with the terms of our enoagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fivemiletown Community Development Association and state those matters thal we have agreed to state to the Board of Trustees of Fivemiletown Communily Development Association. as a body. in this report in accordance with the guidance of Chartered Accountants Ireland. To the lIest extent perniitted by law, we do not accept or assume responsibility to anyone other than FiVemileion Community Development Association and its Board of Trustees, as a body. for our work or for this report. We have carried oul this engaqement in accordance with guidance issued by Chartered Accounlants Ireland and have complied with the eihical guidance laid do by Chartered Accountants Ireland relating to members undertaking the compilation of financial stal¢ments. It is your duty to ensure that Fivemiletown Community Development Association has kepi adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assels, liabilities, financial position and deficit of Fivemiletown Community Development Association. You consider that Fivemiletown Community Development Association is exempt from the siaiutory audii requiremeni for the year. We provide an independent Examiners, Report as required under Charity law. COOPERIRVINE LTD Chanered Accountanis l OJ Main Street Fivemiletown Co Tyrone BT75 OPG Northern Ireland Dale: Page 6
Fivemiletoivn Community Development Association INDEPENDENT EXAMINER'S REPORT We report on the accounts of the charity for the year ended 31 March ?023 as set out in the financial statements. Respective responsibilities of charity directorsltrustees and examiner As the charity's direciorsltrustees you are responsible for the preparation of the accounts in accordance with ihe Charities Act (Nonhern Ireland) 2008 and 2013. It is our responsibility to.. Examine the accounts under section 65 of the Charities Act Follow the procedures laid down in (he general Directions given by the Commission under section 65(9)(b} of the Charitie5 Act. Siale whether particular matters have come to my attention. Basis of independent examiner's report We have examined your charity accounts as required under section 65 of the Charities Act and our examination was carried oul in accordance '1th the general Directions given by the Charitv CommTS5ion for Northern Ireland under seciion 65{9)(b) of the Charities Aci. Our examination included a review of ihe accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of an}, unusual item5 or disclosures in the accoun(s, and seeking explanations from you as charily trustees concerning any such matters. Our role 15 lo state whether any material matters have come to our attention giving us cause to believe: That accounting records were not kept in accordance wilh section 63 of the Chariiies Act 2. That the accounts do not accord with those accounting records That the account5 do not comply with the accounlino requirements of the Charities Act That there is further inforniation needed for a proper understanding of the accounts to be reached Independent examiner's statement We have completed our examination and have no concerns in respect of the matters ( l ) to (4} listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, we have found no matters that require drawing lo your attention. Name: Cooperlrvin¢ Ltd Address: l Oi Main Sire t Fivemiletown. Co. Tyrone, B T75 OPG Date: Signature: Page 7
Fivemiletown Community Development Association Statement of Financial Activities For the year ended 31 March 2023 Unre5tricled Restricted 2023 2022 funds funds Total Total Notes Incoming resources Donations 2,900 2.1(X) 5,000 10.050 Investment income 16 16 Total incoming resources 2916 2,100 5,016 10,051 Charitable expenditure Support costs Management and administration (621) (? 100) {2,721) (6,319) Total charitable expenditure (621) (2.100) (2,721) {6,319) Net movement in funds 2.295 2,295 3,732 Tolal funds brought forward 132 8.677 8,809 5.077 Total funds carried fOard ?.427 8.677 11,104 8.809 The notes on pages 6 10 I I form an integral part of these financial statements. Page 8
Fivemiletown Community Development Association Balance Sheet as at 31 March 2023 2023 2022 Notes Fixed assets Tangible assets Investments Debtors i.2)3 3.811 Cash at bank and in hand 8.100 5,247 Creditors: amounts falling due Ivithin one year (250) (250) Net current assets 8.808 Net assets 8,809 Funds Unrestricted funds 2.427 132 Restricted fund5 8.677 8.677 11.104 8,809 The fiTtancial statements were approved by the Trusiees on 161, and signed on its behalf by= N Anderson IS Farrell Trustee Trustee The notes on page5 6 to 10 form an integral part of these financial statement Page 9
Fivemiletown Community Development Association Notes to the financial statements for the year ended 31 March 2023 Accounting policies Accounting convention The financial slal¢ments have been prepared in accordance wilh Accounting and Reporting by Charilies: Statement of Recommended Practice applicable to chariiies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effeclive l January 2021) (Charities SORP (FRS 102)) and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). These are the associaiion's first sei of financial statements prepared in accordance with FRS 102. There have been no transitional adjustments made. Fivemiletown Development Association meets the definition of a public benefit enlil), under FRS 102. The financial statements have been prepared under ihe hislorical cost convention except for certain properties and financial instruments that are rneasured at revalued amounls or fair values. as explained in the accounting policies belom,. Historical cost is generall). based on the fair value of the consideration given in exchange for assets. The company has availed of the exemption in FRS 102 from the requirement lo prepare a Statement of Cash Flows because it is classified as a small charity. Ineoming resources Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. Gifts donaied for resale are included as income when they are sold. Donated assets are included at the value to the charili, where this can be quantified and a third party is bearing the cost. The value of services provided by volunteers has not been included. Income from investments is included in the year in which it is receivable. 1.3. Resources expended Resources expended are recogrtised in the year in which they are incurred. Support costs are those Cosis incurred directly in support of expenditure on the objects of the charity and include project management. Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requiremenis. Office equiprneni 200/0 straight line Computer suite The carrying value of tangible fixed assets are reviewed annually for impairnient in periods if events or changes in circumstances indicate the carrying value may not be recoverable. 250/0 siraight line Page 10
Fivemiletown Community Development Association Notes to the financial statements for the year ended 31 March 2023 2. Investment income 2023 2022 Deposit interest 16 16 Costs of activities in furtherance of the objects of the charity 2023 2022 Advertising 4. Support costs 2023 2022 Depreciation and amortisalion 5. Management and administration 2023 2022 Travelling Accountancy fees 558 528 Audit fees Donations paid 2,100 5,750 General expenses 20 Interest and charges 43 41 2,721 6,319 Pagell
Fivemiletown Community Development Association Notes to the financial statements for the year ended 31 March 2023 Computer Tangible fixed assets Office Suite Equipment Total Cost At l April 2022 4.975 4.321 9,296 Additions Disposals At 31 March 2023 4,975 4,321 9.296 DepreciatAon Ai l April 2022 4.975 9,296 On disposals Charge for the year At 31 March 2023 4,975 4.i21 9.296 Net book values At 31 March 2023 At 31 March 2022 Debtors 2023 2022 Amount owed by connected parties 3,253 3,811 Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impainnenl losses for bad and doubtful debts except where ihe effect of discounling would be immaterial. In such cases lh¢ r¢ceivables are stated al c05t less impairnient losses for bad and doubtful debts. P¥ge 12
Fivemiletown Community Development Association Notes to the financial statements for the year ended 31 March 2023 Creditors: amounts falling due within one year 2023 2022 Accruals and deferred income 250 250 Trade and other creditors are initiallv recognised at fair value and thereafter slated ai amortised cost using the effective interest rdte method. unless the effect of discouniing would be immaterial, in which case they are stated at cost. Other notes Taxation Fivemiletown Community Development Association is exempt from corporation tax as it is a registered Charity. Foreign currencies Monetary assels and liabilities denominared in foreign Cuen¢1es are translated at the rates of exchange ling at the Statement of Financial Position date. Non-monelat), item5 that are measured in tenns of historical cost in a foreign currency are translaled ai ihe rdles of exchange Tuling ai the date of the trdnsaction. Non-monetary items that are measured ai fair value in a foreign CUenC}, are translaied using the exchanue rates at the date when the fair value was detennined. The re5uliing exchange differences are dealt with in the Income Statement. Provisions available for small entities In common wilh man! other businesses of our size and nature, we use our accountanis to assist with the preparation of the financial slaiemenis. Capital commitments The association had no material capital commitments ai the year end 31 March 2023 ETr'ents after the reporting period There have been no significani events affecling ihe association since the year end. Page 13