Annsborough Community Forum IA Company Ilmlted by guarantee. not having a sharè capltall Annual Report and Unaudited Financial Statements for the financial year ended 31 January 2024 Malone Accounling 12 Causeway Road Newcastle County Down BT33 ODL Company Number". N1610839 Charity Number: 101196
Annsborough Community Forum IA company limited by guarantee, not havlng a sharo ¢apltall CONTENTS Page Reference and Administrative Information Trustees, Annual Report Statement of Trustees, Responsibilities Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9-12
Annsborough Community Forum IA company limited by guarantee, not having a share capital) REFERENCE AND ADMINISTRATIVE INFORMATION Trustees Sheena Murray (Appointed 18 January 2024) Jacqueline Lismore (Appointed 18 January 2024} Connor Rea (Appointed 18 January 20241 Ben Willoughby (Appointed 18 January 20241 Mary OToole (Resigned 18 January 2024) Gerard Lynch (Resigned 18 January 20241 Murtagh Higgins (Resigned 18 January 20241 Leona Mccartan (Resigned 18 January 20241 Laurence Tumelty (Resigned 18 January 2024) Charity Number in Northem Ireland 101196 Company Registration Number N1610839 Principal Address 42 Ballylough Road Annsborough Castlewellan BT319NN Independent Exarniner Malone Accounling 12 Causeway Road Newcastle County Down BT33 ODL Principal Bankers Danske Donegal Square West Belfast County Antrim BT1 6JS Northem Ireland Solicitors Dominic Mclnemey 123a Main Street County Down BT33 OEA Northem Ireland
Annsborough Community Forum IA company limitèd by guarant••, not having a share capital) TRUSTEES, ANNUAL REPORT for the financi81 year ended 31 January 2024 The truslees presenl their Trustees, Annual Report, combining the Directors, Report and Trustees, Report, and the unaudited financial statements for the financial year ended 31 January 2024. The financial staternents are prepared in accordance with the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021. The Trustees, Report contains the infomiation required to be provided in the TTU5tees' Annual Report under the Statement of Recommended Practice ISORPI guidelines. The trustees of the company are also charity trustees for the purpose of charity law and under the company's constitution are known as members af the board of trustees. In this report the trustees of Annsborough Community Forum present a summary of its purpose, govemance, actiwties. achievements and finances forthe financial year 31 January 2024. The charity is a registered charity and hence the report and results are presented in a fomi which complies with the requirements of the Companies Act 2006 and, although not obliged to comply with the Statement of Recommersded Practice applicable in the UK and Republic of Ireland FRS 102, the organisation has implemented its recommendations where relevant in these financial statements. Management In January 2024, a new committee was elected at the AGM. Review of Activities, Achievernents and Performance Annsborough Community Fonjm owns and manages a community hall facility in the village of Annsborough for the social and recreational benefit of local people. The Trustees ofAnnsborough Community Forum have complied with their duty to have due regard to the commissions public benefit guidonce when exercising powers and duties. During the financial year Annsborough Community Forum continued to manage Annsborough community hall by.. providing facilities to improve the conditions of life for local people., promoting arts and culture-, promoting citizenship and develop capacity- The benefits of meeting the above purposes included: increased community participation- social interaction opportunities., improved conditions of life (improved wellbeinglreduced isolation). The beneficiaries were people liwng in Annsborough and the surrounding Tural area. Financial Review The result5 for the financial year are Set out on page 8 and additional notes are provided showing income and expenditure in greater detail. Financial Results At the end of the financial year the charity has assets of £324,495 (2023 £344,070) and liabilities of £0.00 (2023 £10,747). The net assets of the charity have decreased by £18,828). Compliance with Sector-wide Legislation and Standards The charity engages pro-actively with legislation, standards and codes which are developed for the sector. Annsborough Community Forum subscribes to and is compliant with the following.. The Companies Act 2006 The Charities SORP IFRS 102) Approved by the Board of Trustees on 30 September 2024 and signed on its behalf by: eena Murray Trustee
Annsborough Community Forum IA company limited by guarantee, not having a sharo capital) STATEMENT OF TRUSTEES, RESPONSIBILITIES for the financial year ended 31 January 2024 The Iruslees, who are also directors of Annsborough Community Forum for the purposes of company law, are responsible for preparing the financial statements in accordance with applicable law and regul8tsons. Company law requires the trustees as the directors to prepare financial s18tements for each financial year. Under thal law the trustees have elected lo prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland" Under company law the trustees must not approve the financial statement5 unless they are satisfied that they give a true and fair view of the stal8 of affairs of the chanty and of the net income or expenditure of th8 charity for that period. In pparIng these financial statements, the trustees are required to: select suitable accounting policies and apply them consistently., make judgements and estimates that are reasonable and prudent., stale whether the financial statements have been prepared in accordan with the relevant financial reporting framework, identify those slandards. and note the effect and the reasons for any material departure from those standards; and prepare the financial slatemenls on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. Th8 trust8es confirm that they have complied with the above requirements in preparing the financial statements. The trustees are responsible for k8eping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the fin8ncial statements comply with The Companies Act 2006. They are also responsib18 for safeguarding the assets of the charity and hence for taking reasonable steps for the preventson and detection of fraud and other irregulanlies. Approved by the Board of Trustees on 30 S8ptsmber 2024 and slgned on its behalf by: ena Murray stoe
Annsborough Community Forum IA company limited by guarantèè, not havlng a share capital) INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF ANNSBOROUGH COMMUNITY FORUM We have examined the financial statements ofthe charity for the financial year ended 31 January 2024, which comprise the Statement of Financial Activits'es lincorporaling an Income and Expenditure Account), the Balance Sheet and the rèlated notes. This report is made solely to the charity's members. as 8 body, in accordance with Chapter 3of Part 16 ofthe Companies Act 2006. Ourwork has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Board of Trustees that we have done so, and state those mallers that we have agreed to slate to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assum8 responsibility to anyone other than the charity and the charity's members, as a body. for our work. or for this report. Respectlve responsibllltl88 of trustees and examiner The charity's trustee5 (who are also the directors of the company for the purposes of company lawl are r8spon5ible for the preparation of the financial stslements in accordance with the requirements of the Compani8s Act 2006. The charity's trustees consider that an audit is not required for this financial year under Chapter 3 of Part 16 of the Companies Act 2006 and that an independent examination is required. It is our responsibility to.. examine the financial Statements under section 65 of the Charities Act.. follow the procedures laid down by the general Directions given by the Charity Commission for Northern Ireland under section 6519llbl of the Charities Act.. and state wheth8r particular mallers have come to our attention. Basis of Independent examinerfs report Wè have examined your charity's financial statements as required under section 65 of the Charitie5 Act and our examination was carrièd out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 6519llbl of the Charities Act. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financi81 slaternenls and seeking explanations from the Iruslees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an eudit and consequently no opinion is given as lo whether the accounts present a 'true and fair, view and the report 15 limited to those matters set out in the Stalernenl below. Independent examiner's statement In connection with our examination, no matter has come to our attention which gives us cause to beliève that in, any material respect.. accounting records were not kept in accordancé with s8Ction 386 of the Comp8nies Act 2006 the financial statements do not accord with those accounting records the finanaal slalements have not been prepared in accordance with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Slalemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 there is further infom)alion needed for 8 proper understanding of the 8ccounts to be r8ached. We hav8 no concems and hav8 come 8cross no olher matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Aidan Malone (FCA) Malone Accounting 12 Causeway Road Newcastle County Down BT33 ODL Date: 30 September 2024
Annsborough Community Forum IA eompany limited by guarantee, not having a shar• capital) STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an In¢omè and Exp•nditur& Accounti for the financial year ended 31 January 2024 Unrestricted Restricted Funds Funds 2024 2024 Total Unrestricted Restricted Funds Funds Funds 2024 2023 2023 Total Funds 2023 Notes Income Donations and legacies Charitable activities Grants received Hall Activilies 9,256 9,256 3,700 3.283 3.700 3,283 3,909 5,306 3,909 5,306 Total income 6.983 6,983 18,471 18,471 Expenditure Raising funds Charitable activities 6.114 660 6,114 20.444 4,982 1.504 4,982 21,288 19,784 19,784 Total Expenditure 6,774 19,784 26,558 6,486 19,784 26,270 Net incomel{expenditure) 209 {19.784) {19,575) 11,985 119,7841 (7.799) Transfers between funds 10,747 10,747 Net movement in funds for the financial year 10,956 {19,784) 18,828) 11,985 119.784) 17,7991 Reconciliation of funds: Total funds beginning of Ihe year 10 22,407 310,916 333.323 10,422 330,700 341,122 Total funds at the end of the year 33,363 291,132 324,495 22,407 310,916 333,323 The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activilies. The notes on pages 9 to 12 form part of the finanual slalements
Annsborough Community Forum {A company limited by guarantfj•, not havlng a share capital) Company Number: N1610839 BALANCE SHEET as a131 January 2024 2024 2023 Notes Fixed Assets Tangible assets 320,574 340,358 Current Assets Cash at bank and in hand 3.921 3,712 Creditors: Amounts falling due within one year 110,7471 Net Current Assel$l(Llabilltiesl 3,921 17,0351 Total Assets less Current Llabllltles 324,495 333.323 Funds Reslricled trust funds General fund (unrestricted) 291,132 33,363 310,916 22,407 Total funds 10 324.495 333,323 These financial statements have been prepared in accordance with the special provisions rel8ting to small companies within Part 15 of the Companies Act 2006. For the financial year ended 31 January 2024 the charity was entitled lo exemption from gudit under Section 477 of Ihe Companies Act 2006; and no notice has been deposited under section 476. The trustees confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006. The trustees acknowledge their responsibilitses for ensuring that the charity keeps accounting records which comply with Section 386 and for preparing financial statements which give a true and fair view of the stsle of affairs of the charity as al the end of the financial year and of it5 profit and Ios5 for the financial year in accordanc8 with the requirements ol sections 394 and 395 and which otherwise comply with thè rèquirements of thè Compani85 Act 2006 relating to financial statements, so far as applicable to the charity. Approved by the Board of Truste88 and authorlsed for issue on 30 September 2024 and Signed on its behalf by eena Murray Trustee The notes on pages 9 10 12 form part of the financi81513lements
Annsborough Community Forum {A company limited by guarantee, not having a share ¢apltall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 January 2024 GENERAL INFORMATION Annsborough Community Forum is a company limited by guarantee incorporated in the United Kingdom. The registered office of the company is 3 Rockmount, Drumaness, Ballynahinch. The principal place of business ofthe company is 42 Ballylough Road, Annsborough, BT319NN. The financial stalernent5 have been presented in Pound 1£) which is also the functional currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with items which ar8 considered material in relation to the charity s financial statements. Basis of preparation The financial statements have been prepad on the going concem basis under the historical cost convention, modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice {SORPI "Accounting and Reporting by Charibes preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland FRS 102". As pemitted by the Companies Act 2006, the charity has varied the standard fomiats in that act for the Statement of Financial Activities and the Balance Sheet. Departures from the standard fomiats are to comply with the requirements of the Charities SORP and are in compliance wilh section 4.7, 10.6 and 15.2 of that SORP. Statement of compliance The financial statements of the charity for the financial year ended 31 January 2024 have been prepared on the going concem basis and in accordance with the Statement of Recommended Practice ISORPI"Accounting and Reporting by Charities preparing their accounts in accordance wilh the,Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" Cash flow statement The charity has availed of the exemption in FRS 102 from the requirement to produce a cash flow statement because it is classified as a srnall charity. Fund accounting The following are the categorises ol funds maintained: Restricted funds Restricted funds represent income received which can only be used for particular purposes, as specified by the donors. Such purposes are within the overall objectives of the charity- Unrestricted funds Unrestricted funds consist of General and Designated fund5. General fund5 represent amounts which are expendable at the discretion of the board, in furtherance of the objectives of the charity. Income Income is recognised by inclusion in the Statement of Financial Activities only when the charity is legally ents'tled to the income, performance conditions attached to the itemls) of income have been met, the amounts involved can be measured with Sufficient reliabilily and it is probable that the income will be received by the charily. Expenditure Expenditure is analysed between costs of charitsble activities and raising funds. The costs of each activity are separately accumulated and disclosed, and analysed according to their major components. Expenditure is recognised when a legal or constructive obligation exists as a result of a past event. a transfer of economic benefils is required in settlement and the amount of the obligation can be reliably measured. Support costs are those functions that assist the work of the charity but cannot be attributed to one activity. Such costs are allocated to activities in proportion to staff time spent or other suitable measure for each activity.
continued Annsborough Community Forum IA company limitèd by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 January 2024 Tangible fixed assets and depreciation Tangible fixed assets are staled at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows.. Land and buildings freehold Plant and machinery Fixtures, fittings and equipment 4 /0 Straight line 15.10 Straight line 15 % Straight line Cash at bank and In hand Cash al bank and in hand comprises cash on deposit at banks requiring less than three months notice ol withdrawal. Taxatlon No current or deferred tax8tion arises as the charity has been granted charitable exemption. INCOME DONATIONS AND LEGACIES Unrestrlcted Restricted Funds Funds 2024 2023 Donations and legacie5 9.256 CHARITABLE ACTIVITIES Unrestrlcted Rostricted Funds Funds 2024 2023 Unrestricted Grants 3,700 3,700 3.909 OTHER TRADING ACTIVITIES Unrestricted Restricted Funds Funds 2024 2023 Income from Hall Activities 3.283 3,283 5,306 EXPENDITURE RAISING FUNDS Dlroct Costs Other Costs Support Costs 2024 2023 Cost of Hall Activities 2,388 3,726 6,114 4,982 CHARITABLE ACTIVITIES Dlroct Ccsts Other Costs Support Costs 2024 2023 Expenditure on charitable activilies Governance C051s {Note 4.31 19,784 660 19,784 660 20,478 810 20,444 20,444 21,288 GOVERNANCE COSTS Direct Costs Other Costs Support Costs 2024 2023 Charitable activities - govem8nce Costs 660 660 810 10
continued Annsborough Community Forum IA company limited by guarant•è, not having a sharè capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 January 2024 ANALYSIS OF SUPPORT COSTS 2024 2023 8ank Fees Insurance Heat & Light Telephone 38 1,392 736 1,560 694 1,375 1,000 1,478 3,726 4,547 NET INCOME 2024 2023 Not Income is stated after chargingllcreditingl: Depreciation of tangible assets Independent Examinerfs remuneration.. independent examination services 19,784 19,784 660 810 TANGIBLE FIXED ASSETS Land and buildings freehold Plant and Fixtures, machinery fittings and equipment Total Cost At 31 January 2024 469.586 2.580 8,592 480,758 Deproclallon At 1 February 2023 Charge for the financial year 133,271 18,784 1,032 129 6,097 871 140.400 19,784 At 31 January 2024 152.055 1,161 6,968 160,184 Net book value At 31 January 2024 317,531 1,419 1,624 320,574 At 31 January 2023 336,315 1,548 2,495 340,358 CREDITORS Amounts falllng due within one year 2024 2023 Trade creditor5 Accruals and deferred income 9,257 1,490 10,747 RESERVES 2024 2023 At the beginning of the year Deficit for the financial year 333.323 (19,575) 341,122 17,799) At the end of the year 313,748 333.323 11
continued Annsborough Community Forum IA company limited by guarantee. not having a sharè capltal) NOTES TO THE FINANCIAL STATEMENTS for the finoncial year ended 31 January 2024 10. FUNDS 10.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Restricted Funds Funds Total Funds At 1 February 2022 Movement during the financial year 10.422 11,985 330,700 (19.784) 341,122 (7,7991 At 31 January 2023 Movement during the financial year 22.407 10,956 310.916 (19,784) 333,323 18,828) At 31 January 2024 33,363 291,132 324,495 10.2 ANALYSIS OF MOVEMENTS ON FUNDS 8alanco 1 February 2023 Income Expenditure Transfers between funds Balance 31 January 2024 Restricted funds Restricted Unrestricted funds Unrestrbcted General 310,916 19.784 291,132 22,407 6,983 6.774 10,747 33,363 Total funds 333.323 6,983 26,558 10.747 324.495 10.3 ANALYSIS OF NET ASSETS BY FUND Fixed assets - charity use Cuent assets Current liabilities Total Restricted trust fijnds 320.574 67 (29,S091 291,132 Unrestricted general funds 3,854 29,509 33,363 320,574 3,921 324,495 11. STATUS The charity is limited by guarantee not having a share capital. The liability of the members is limited. Every member of the company undertakes to contribute to the assels of the company in the event of its being wound up while they are membets. or within one year thereafter, for the payment of the debts and liabilities of the company contracted before they ceased to be members. and the costs, charges and expenses of wnding up, and for the adjuslment of the rights of the contributors among themselves, such amount as may be required, not exceeding £ 1. 12. RELATED PARTY TRANSACTIONS There were no trustee benefits or remuneration paid for the year ended 31 January 2024. 13. POST-8ALANCE SHEET EVENTS There have been no significant event5 affecting the Charity since the financial yearond. 12