'ivemiletown Community Development Association Statement of Financial Activities For the year ended 31 March 2025 Unreslrieted Restricted 2025 2024 fund5 funds Tot81 Tolal Notes Incoming resources Donations 222(M) 22.200 6.000 Investment income 87 87 76 Total incoming resources 87 22,200 22.287 6,076 Charitable expenditure Support costs Management and administrdtion (756) (20,950) (21,706) (8,158) Total eharitable expeDditure (756) (20,950) (21.706) (8.158) Net movement in funds (669) 1250 581 (2.118) Total funds brought fonvard 7,142 8,986 11,104 Total funds carried forward l.l75 8.392 9.567 8,986 The noles on pages 6 to i i form an integral part of these financial stattments. Page 8
Fivemiletown Community Development Association Balanee Sheet as at 31 March 2025 2025 2024 Notes Fixed assets Tangible assets Investments Debiors 1,969 2,660 Cash at bank and in hand 7,846 6.576 Creditors: amounts falling due within one year (250) (250) Net eurreDt assels 9,566 8,985 Net assets 9,566 8,986 Funds Unrestricted funds ,175 1,844 Restricted funds 8,392 7.142 9,567 8.986 The financial statements were approved by the Trustees on and signed on its behalf by: N Anderson IS Farrell Trustee Trnstee The noles on p2ge5 6 to 10 form an integral part of these financial statement Page 9
Fivemiletown Community Development Association 1¥4otes to the financial statements for the year ended 31 March 2025 Accounting policies Aecounting convention The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in ihe 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 association's first set 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 entity under FRS 102. The financial statements have been prepared under the historical cost 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 considerdiion given in exchange for asseis. 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 chariry. 1.2. Incoming 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 donated for resal¢ are included as income when they are sold. Donated assets are included at the value to the charity 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 Resourc¢s expended are recognised in the year in which they are incurred. Support costs are those costs inCUd 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 200/0 straight line Computer suite The carrying value of tangible fixed assets are reviewed annually for impairn)ent in periods if events or changes in circutnstsccs indicate the Canying valu¢ may not be recoverable. 250/0 strdight line Page 10
FivemiletOWD Community Development Association Notes to the financial statements for the year ended 31 March 2025 2. Investment income 2025 2024 Deposit interest 87 76 87 76 Costs of activities in furtherance of the objects of the charity 2025 2024 Advertlsing 4. Support costs 2025 2024 Depreciation and amortisation 5. Management and administration 2025 2024 Travelling Accountancy fee5 690 594 Audit fees Donations paid 20.950 7,535 General expense5 20 20 Interest and charges 46 45 21,706 8,197 Pagell
Fivemiletown Community Development AssociAtion Notes to the financial statements for the year ended 31 March 2025 Computer Tangible fixed assets Office Suite Equipment Total Cost At l April 2024 4,975 4,321 9,296 Addition5 Disposals At 31 March 2025 4,975 4,321 9,296 Depreciation At l April 2024 4.975 4.321 9.296 On disposals Charge for the year At 31 March 2025 4.975 4.321 9.296 Net book values At 31 March 2025 At 31 March 2024 Debtors 2025 2024 Amount owed by connected parties 1,969 2,659 Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost usin8 the effective interest method less impairnient losses for bad and doubrful debts except where the effect of discounting would be immaterial. In such ¢&ses the receivables are stated at cost less impairnient losses for bad and doubtful debts. Page 12
Fivemiletown Community Development AssociatlOD Notes to the financial statements for the year ended 31 March 2025 Creditors: amounts fallAng due within one year 2025 2024 Accruals and deferred income 250 250 Trade and other creditors initially recognised at fair value and thereafter stated at amortised cost using the effective interest rdte 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 corporation tax as it is a registered charity. Foreign currencies Monetary assets and liabilities denominated in foreign currencies are trdnslated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetarv items thal are measured in terms of historical cost in a foreign currency are translated at the rdtes of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currenc& are trdnslated using the exchange rates at the date when the fair value was detennined. The resulting exchange differences are dealt with in the Income Statement. Provisions available for small entities In common with many other businesses of our size and natUTe, we use our accouT]tants to assist with the preparation of the financial statements. Capital commitments The association had no material capitsl cornmitments at the year end 31 March 2025 Events after the reporting period There have been no Significant events affecling the wociation since the year end. Page 13