Charity number: NICIOI128 Fivemiletown Community Development Association Trustees, Report And Financial Statements for the year ended 31 March 2024
Fivemiletown Community Development Association Contents Page Trustees report Accountants, report to the trustees Independent ExamineT5 Report Statement of financial activities Balance Sheet Notes to the financial statements 10-13
Fivemiletown Community Development Association Legal and administrative inforniation Status Trustees N Anderson F Bnmt I S Farrell T Douris J Williamson I Lapsley E Bennett E Anderson N Irvine Secretary I Lapsley Charity number NICIOI 128 Accounlants Cooper Irvine Ltd Chartered Accountants & Registered Auditors 103 Main Street Fivemiletowi Co. T)ne BT75 OPG Business address Unit I, The Buttemiarket Main Street Fivemiletown Co. Tyrone
Fiverniletown Community Development Assoeiation Trustees, report for the year ended 31 March 2024 Principal Activities The objective of Fivemiletown Community Development Association is to provide charitable services to the local community. The financial statements comply with Reporting by Charities: 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) (effective l January 2021). Main achievements We gave support of £ 1000 to the local Community Walking Club, £500 towards the local Chamber of Commerce Christmas lights appeal, £300 to the Fivemiletowm Methodist Friendship Club, £390 to FivemiletoNvn Methodist Church and £2250 Fivemiletown Primat)'/Nursery School and £3095 to fLmd oulings. Public Benefit To advance education - the direct benefiis which flow from this purpose are increased access to inforniaiion, increased confidence and self-esteem, increased ability to access employment opportunities. The benefits are evidenced through feedback and evaluation from the group and local community. There is no hann anticipaied from this Purpose. The charity's beneficiaries are people living in the nal area of Fivemiletown. A private benefit may arise from trustees accessing our ongoing progrdmme of activities in the community. These benefits are incidental and necessary to ensure the benefit is provided io our beneficiarie5. To promote the preservation and protection of health among people of all ages in Fivemiletown and its environs in County Tyrone wilhout distinction of age, gender, Sexuality, nationality, ethnic origin, political or religious opinion. The direct b¢nefits which flow from this purpose are the provision of a neutrdl venue for local people to meet and 50cialise. increased access to infonnation, increased confidence and self-esteem. The benefits are evidenced through feedback and evaluation from the group and local community. There ts no harm anticipated from this purpose. To provide facilities in the interests of social welfare for recrealional activities designed to promote health and fitnes5 or other leisure-time w¢upation, 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 isolated border arei increased acc¢ss to inforniation, increased confidence and self-esteem. and, increased cross- community int¢raction. The benefits are evidenced through feedback and evaluation from ihe group and local community. There is no hanrft anticipated from this purpose. Page 3
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 £(583) 2023- Deficit of £(605). Future developments It is intended that Fivemiletown Community Development Association will continue in the long terni and will provid¢ charitable services to the local community. Statement of trustees, responsibilities Charity la. requires the trustees to prepare financial statements for each financial year which give a true and fair view of the stale of atTairs of the charity at the year end and of its incoming resources and resources expended during ihat year. In preparing those financial statemenls. the trustees are required to: select suilable accounting policies and then apply them consistently" - make judgements and estimates that are reasonable and prudent. - state whether applicable accounting standards and slatements of recommended practice 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 il is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any timc the financial p05ltion of the charity and enable ihem to ensure that the financial slatements comply with the recognised accounting standard. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and deiection of fraud and other iegular1tlc$. Page 4
Fivemiletown Cornmunity Development Association Accountants A resolution proposing that Cooperlrvine Ltd be reappointed as accountants of the charity will be put lo the Annual Generdl Meeting. This report was approved by the trustees on and signed on its behalf by.. N Anderson IS Farrell Page S
Fivemiletown Community Development Association CHARTERED ACCOUNfANTS' REPORT to the Board of Directors on the unaudited financial statements for the year ended 31 Mareh 2024 In order to assist you to fulfil your duties. we have prepared for your approval the financial statements of the charity for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes from th¢ charity's accounting records and from inforrnaiion and explanations you have given to us. This report is made solely to the Board of Trustees of Fivemileiown Community Development Association. as a body, in accordance with the tern)s of our entsagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fivemilelown Community Development Association and state those matters that we have agreed to state to the Board of Trustees of Fivemiletown Community Development Association, as a body, in this report in accordance with the guidance of Chartered Accountants Ireland. To the fullest exient perniitted by law, we do not accept or a55ume responsibilily to anyone oiher ihan Fivemiletown Cotnmunity Development Association and its Board of Trustees. as a body.. for our work or for this report. We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the ethical guidance laid down by Chartered Accountants Iland relating to members undertaking the compilation of financial slatements. It is your duty to ensure that Fivemiletown Comrnunity Development Association has kept adequate accounting records and to prepare statutory fmancial statements that give a true and fair view of the assets, liabilities. financial position and deficit of Fivemiletown Community Development Association. You consider that Fivemiletown Community Development Association is exempt froln the statutory audit requirerneT]t for the }'ear. We provide an independent Examiners, Report as required under Charity law. COOPERIRVINE LTD Chartered Accountants 103 Main Street Fivemilelown Co Tyrone BT75 OPG Northern Ireland Date: Page 6
Fiverniletown Community Development Association INDEPENDENT EXAMINER'S REPORT I report on the accounts of the charity for the year ended 31 March 2023 as set out in the financial stalements. Respective responsibilities of eharity directorsltrustees and examiner As the charity's directors1tsteeS you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008 and 2013. It is my responsibility to.. Examine the accounts under section 65 of the Charities Act Follow the procedures laid down in the general Directions given by the Commission under section 65{9)(b) of the Charities Act. State whether particular matters have come to my attention. Ba$i$ of independeDt examiner's report I have examined your charity accounts &8 required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9Xb) of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included considerdlion of any unusual items OT disclosures in the accounts, and seeking explanations from you &s charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: That accounting records were not kept in accordance with section 63 of the Charities Act 2. That the accounts do not accord with those accounting records That the accounts do not comply with the accounting requirements of the Charities Act That there is further infomiation needed for a proper UnderSLding of the accounts to be reached Independent examiner's statement I have completed my 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 Cornmission for Northern Ireland. I hav¢ found no matters that require drdwing to your attenlion. Name: Paul Stronge FCA Address: Cooperlrvine Ltd. Chartered Accountants. 103 Main StreeL Fivemiletown. Co. Tyrone, B T75 OPG Date: Signature: Page 7
Fivemiletown Community Development Association Statement of Financial Activities For the year ended 31 March 2024 Unrestricted Restricted 2024 2023 fund$ funds Total Totsl Notes Incoming resource5 Donations 6.000 6,000 5,000 Inveslmenl income 76 76 16 Total incoming resources 76 6,000 6,076 5,016 Charitable expenditure Support costs Management and administration (659) (7,535} (8,158) (2,721) Total charitable expenditure (659) (7,535) (8.158) (2.721) Net movement in funds (583) (1.535) (2.118) 2.295 Total funds broughi forward 2.427 8,677 11,104 8,809 Total funds carried forward 1.844 7,142 8,986 11,104 The notes on pages 6 to I I form aD integral part of these financial statemen Page 8
Fivemiletown Community Development Assoeiation Balance Sheet as at 31 March 2024 2024 2023 Notes Fixed assets Tangible assets Investments Debtors 2,660 3,253 Cash at bank and in hand 6.£76 8.100 Creditors: amounts falling due within one year (250) (250) Net current assets 8,985 11.104 Net assets 8.986 11,104 Funds Unrestricted funds ?.427 Restricted funds 7.142 8,677 8.986 11.104 The iinancial 51alements were approv¢d by the Trustees on and signed on its behalf by: N Anderson IS Farrell Trustee Trnstee The notes on pages 6 to JO form an integr81 part of these financi81 statements. Page 9
Fivemiletown Community Development Assoeistion Notes to the financial statements for the year ended 31 March 2024 Accounting policies Accountlng convention The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities pr¢paring their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 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 a5sociarion's first set of financial statements prepared in accordance with FRS 102. There have been no transitional adjustments made. Fivemil¢town Development Association meets the definition of a public benefit entity under FRS 102. The financial statements have been prepared under Ehe historical c05t convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally 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 to prepare a Statement of Cash Flows because it is classified as a small charity. 1.2. Incoming resources Voluntary income is received by way of donations and gifts and is included in full in the Stalement of Financial Aclivities w,hen receivable. Gifts donated for resale are included as income when they are sold. Donated assets are included ai the value to the charity where this can be quantified and a third party is bearing the cost. The value of services provided by Voluntee has not been included. Income from investments is included in the year in which it is receivable. IJ. Resources expended Resources expended are recognised in the year in which they are incurred. Support costs are those costs 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 requirements. Office equipment 2(V/o Strdight line Computer suite 25 % straight line The carying value of tangible fixed assets are reviewed annually for impairnient in periods if events or changes in circumstances indicate the carying value may not be recoverable. Page 10
Fivemiletown Community Development Association Notes to the financial statements for the year ended 31 March 2024 2. Investment income 2024 2023 Depostt interest 76 16 16 16 Costs of aelivitie5 in furtherance of the objects of the cbarity 2024 2023 Advertising 4. Support costs 2024 2023 Depreciation and amortisation 5. Management aDd administration 2024 2023 Travelling Accountancy fees 594 558 Audit fees Donations paid 7.535 2,100 General expenses 20 20 Interest and charge5 45 43 8.197 2.721 Pagell
Fivemiletown Community Development Association Notes to the financial statements for the year ended 31 Mareh 2024 Cornputer Tangible fixed assets orrice Suite Equipment Total Cost At l April 2023 4,975 4.321 9.296 Addition5 Disposals At 31 March 2024 4,975 4,321 9.296 Depreciation At l April 2023 4,975 4,321 9,296 On disposals Charge for the year At 31 March 2024 4.975 4,321 9,296 Net book values At 31 March 2024 At 31 March 2023 Debtors 2024 2023 Amount owed by connected parties 2.659 3,523 Trade and other debtors are initially recognised at fair value and thereafter ststed at amortised cost using the effective interest method less impairnient losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impaimient losses for bad and doubrful debts. Page 12
Fivemiletown Community Development Association Notes to the financial statements for the year ended 31 March 2024 Creditors: amounts falling due 2024 2023 within one year 250 250 Accrua15 and defeed income Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method. unless the effect of discounting would be immaterial. in which case they are stated at cost. Other notes Taxation Fivemiletown Community Development Association is exempt from corporntion tax as It is a registered charity. Foreign currencies Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in ierms of historical cost in a foreign currency are translated at the raies of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates al the date when the fair value was deterniined. The resulting exchange differences are deali with in the Income Statement. Provisions availoble for SMAII entitie5 In common with many other businesses of our size and nature, we use our accountants to assist with the prepardtion of the fmancial statements. Capital commitments The association had no material capital commitments at the year end 31 March 2024 Events after the reporting period There have been no significant events affecting the association since the year end. Page 13