Annsborough Community Forum (A company limited by guarantee, not having a share capitsl) Annual Report and Unaudited Financial Statements for the financial year ended 31 January 2025 Malone Accounting Lld 12 Causeway Road NEWCASTLE Down BT33 ODL Northern Ireland Company Number: N1610839 Charity Number: 101196
Annsborough Community Forum (A Company limiied by guarantee, not having a share capitsll CONTENTS Page Reference and Administrative Information Trustees, Annual Report Statement of Trustees, Responsibilities Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 10-14
Annsborough Community Forum (A company limited by guarantee. not having a share capital) REFERENCE AND ADMINISTRATIVE INFORMATION Trustees Jacqueline Lismore Sheena Murray Ben Willoughby Connor Rea Charity Number in Northern Ireland 101196 Company Registration Number N1610839 Registered Office 3 Rockmount Drumaness Ballynahinch BT24 8SB Principal Address 42 Baltylough Road Annsborough Castlewellan BT31 gNN Independent Examiner Malone Accounting Ltd 12 Causeway Road NEWCASTLE Down BT33 ODL Northem Iieland Principal Bankers Danske Donegal Square Wesl Belfast County Anlrim 8T1 6JS Northem Ireland Solicilors Dominic Mclnemey 123a Main Sireet County Down BT33 OEA Northern Ireland
Annsborough Community Forum (A company limited by guarantee, not having a Share capital) TRUSTEES, ANNUAL REPORT for the financial year ended 31 January 2025 The irustees present their Trustees, Annual Report, combining the Directors. Report and Trustees, Report, and the unaudited financial stalements for the financial year ended 31 January 2025. The linancid siatements are prepared in accordance with Ihe Companies Act 2006. FRS 102 'The Financial Reporting Standard applicable in ihe UK and Republic of Ireland" and Accounling and Reporting by Chariiies.. Statement of Recommended Praciice applicable lo charilies preparing Iheir financial staternenls in accordance with Ihe Financial Reporting SlandaTd applicable in the UK and Republic of Ireland (FRS 102)- The Trustees. Report contwn5 the informats'on required to be provided in the Trustees, Annual Report under the Statement of Recommended Praciice {SORP) guidelines. The Iruslees ol the company are also charity Irusiees for the Pufpose of charity law and under ihe companys consiitution are known as members of ihe board of Irusiees. In this report the trustees of Annsborough Community Forum present a summary of its purpose. governance, activits'es, achievemenis and finances for the financial year 31 January 2025. The charity is a registered charity and hence the report and results are presented in a form which complies wilh ihe requiTemenis of the Companies Act 2006 and. alihough not obliged to compty with the Stalemeni ol Recommended Praciice applicable in the UK and Republic ol Ireland FRS 102, Ihe organisation has implemenied its recommendaiions where relevant in these financial statements. Principal Activity Annsborough Community Forum alms to improve the quality of life for ihose living in Annsborough and the surrounding area Management In January 2024, a new committee was elected at the AGM. Review of Activilies, Achievements and Performance Annsborough Community Forum owes and manages a communty hall facility in the village of Annsborough for the social and Tecreaiional benefii ol locJ people. The Trustees of Annsborough Community Forum have complied their duty to have due regard to the commissions public benefit guidance when exercising powers and duties. During the fi'nancial year Annsborough Community Forum continued to manage Annsborough Community Hail by.. providing facilities lo improve the condilions of lile for local people., promoting arts and culture.. promoting citizenship and develop capacty. The benefits of meeting the above purposes included increased community participation social interaction opportunities improved conditions of lile (improved wellbeinglreduced isolation) The beneficiaries were people living in Annsborough and the surrounding fLJral are Financial Review The results lor the financial year are set out on page 8 and additional notes are provided showing income and expendilure in greater detail. Financial Resuhs At the end of the financial year the charity has assels 01 £303,779 (2024 - £324,495) and liabilrties of £660 {2024 - £O.00)- The net assets of the charity have decreased by £(21.376). Trustees The trustees who served throughout the financial year. excepl as noted. were as follows: Jacqueline Lismore Sheena Murray Ben Willoughby Connor Rea In accordance wth the Constilution. the trustees relire by rotation and. being eligible, offer themselves for re-election.
Annsborough Community Forum (A company limited by guarantee, not having a shaje capital) TRUSTEES, ANNUAL REPORT for the financial year ended 31 January 2025 Compliance with Sector-wide Legislation and Standards The charity engages pro-actively with legislatson. standards and codes which are developed for the sector. Annsborough Community Fonjm subscribes 10 and is compliant wih ihe following.. The Companies Act 2006 The Charities SORP {FRS 102) Appioved by the Board of Trustees on 23rd September 2025 and signed on its behalf by: Sheena Murray Trustee
Annsborough Community Forum IA company limited by guarantee, not having a share capital) STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 31 January 2025 The trustees, who are also directors ol Annsborough Community Forum for the purposes of company law, are responsible for preparing ihe financiaj staiemenis in accordance with applicable law and regulations. Company law requiTe5 the trustees as the directors to prepare financial ateMentS for each financial year. Under that law Ihe trustees have elected to prepare Ihe financial ststements in accordance United Kingdom Generally Accepted Accounting Praclice (United Kingdorn Accounling Siandards and applicable law) including FRS102 "The Financial Reporting StandaTd applicable in the UK and Republic of Ireland" Under company law the trustees must not approve the financial statements unless they are satisfied that they give a tnje and f[ view of the state of affairs of the charity and of the net income OT expenditure of the charity for that penod. In preparing these financial statements. the trustees are requiTed to= select suitable accounting policies and apply them consisiently., make judgements and estimates that are reasonable and prudent., state whether the financial staiements have been prepared in accordance wth the relevant financial reporting framework, identify those standdS. and note the effect and the reasons for any material departure from those standards; and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will cantinue in operaiion. The trustees confirm that they have complied wsth the above requirements in preparing the financial statements. The irusiees are responsible for keeping adequaie accounting records that are sufficienl lo show and explain the charity's tTansactions and disclose wth reasonable accuracy at any time the financid position of the charity and enable them to ensure that the fi'nancial staiements comply with the Companies Act 20D6. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and otheT irregularities. Approved by the Board of Trustees on 23d Septernber and signed on its behalf by: OLL 2YL Sheena Murray Trustee
Annsborough Community Forum (A company limited by guarantee, not having a share capital) INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF ANNSBOROUGH COMMUNITY FORUM We have examined the financial statemenls of the charity for the financial year ended 31 January 2025. which comprise the Statement ol Financial Activities (incorpoTats'ng an Income and Expenditure Account). the Balance Sheet and the related notes. This report is made solely to the charitys members, as a body. in accordance wilh Chapter 3 of Part 16 ofthe Companies Act 2006. Our work has been undertaken so Ihai we mighi compile the financial stalements that we have been engaged lo compile. report to the Board of Trustees thal we have done so, and stale those matters Ihat we have agreed to state to them in this report and for no other purpose. To the ftjlIe eent perfflmed by law, we do not accept or assume responsibility to anyone other than the charity and the charitys members. as a body. for our work, or for this report. Respective responsibilities of trustees and examiner The charity's trustees {who are dso the directors of the company for the purposes of company law) are responsible for the preparation of the financial statemenis in accordance with the Tequirements of the Companies Act 2006. The charity's trustees consider that an audit is not required IOT thi5 financial year under Chapter 3 01 Part 16 01 ihe Companies Aci 2006 and Ihai an independenl examination is required. It is our responsibility to: examine the financial statements under section 65 of the Charities Act,. follow Ihe procedures laid down by the general DiTection5 given by the Charity Commission lor Northern Ireland under section 65{9){b) of Ihe ChaTilies Act.. and Slale whether particular matters have come to our attention. Basis of independent examiner's report We have examined your charity's financial siatements as required under seaion 65 of the Charities Act and our examination was carried out in accordance th the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. An examination include5 a review of the accounting records kepl by the charity and a comparison of the linanciai siaiemenis presenled with those records. It also includes consideraiion ol any unusual items or disclosures in Ihe fftnanci statements and seeking explanations trom the Irustees concerning any such matters. The procedures undertaken do noi provide all Ihe evidence thai would be required in an audit and consequently no opinion is given as lo ether Ihe accounts present a 'true and fair. view and the reporl 15 limiled lo those malleT5 set oul in the statement below. Independent examiner's statement In connection wth our examination, no matter has come to our attention vthich gives us cause to believe thal in, any material respect.. accounting records were not keo in accordance ryth section 386 of the Companies Act 2006 Ihe financial statements do not accord with those accounting records the financial slalemenis have no( been prepaied in accordance with the accounting requifements of 5eclion 396 of Ihe Companies Act 2006 and with the meihods and principles ol the Slatemeni of Recornmended Practice applicable lo charities preparing their accounls in accordance wrlh the Financial Reporting Standard aJ)plicable in the UK and Republic ol Ireland {FRS102) there Is lurther inlormalion needed for a pioper understsnding ol Ihe accounts io be reached. We have no concerns and have come across no other matters in conneciion with the examination (o which attention should be drawn in this report in OTder to enable a propel understanding of the financial statements to be reached. Brendan Malone (FCA) Malone Accounting 12 Causeway Road NEWCASTLE Down BT33 ODL Northern Ireland Date: 23rd September 2025
Annsborough Community Forum IA company limited by guarantee, not having a share capital) STATEMENT OF FINANCIAL ACTIVITIES Ilncorporating an Income and Expenditure Account) for the financial year ended 31 January 2025 Unrestricted Restricted Funds Funds 2025 2025 Total Unrestyied Restricted Funds Funds Funds 2025 2024 2024 Toial Funds 2024 Notes Income Ch&itable a1vilieS Grants from governments and other co-funders Other trading activities 400 6,742 700 3,000 3,700 3,702 3,702 3,283 3.283 Total Income 4,102 10,444 3,983 3,000 6,983 Expenditure Raising funds Charitable activities 4,725 5.195 4,725 27.095 2,426 4,348 2.426 24,132 &2 21,900 19.784 Total Expenditure 9,920 21,900 31,820 6,774 19,784 26,558 Net incomel{expenditure) (5.818) (15,558) (21,376) (2,791) (16.784) (19,5751 Transfers beeen funds 10,747 10,747 Net movement in funds lor the financial year {5,818) (15.558) (21,376) 7,956 116,784) (8,828) Reconcilialion of funds.. Total funds beginning of the year io 33,363 291,132 324.495 22,407 310,916 333,323 Total funds at the end ol the year 27,545 275,574 303,119 30,363 294,132 324.495 The Statement of Financial Activilies includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing aaivits'e5. The notes on pages 10 to 14 lomi part ol the financial statements
Annsborough Community Forum {A company limited by guarantee. not having a share wjital) Company Nurnber.. N1610839 BALANCE SHEET as at 31 January 2025 2025 2024 Notes Fixed Assets Tangible assets 301,832 320.574 Current Assets Cash at bank and in hand 1,947 3,921 Creditors: Amounts falling due within one year (660) Net Current Assets 1,287 3,921 Total Assets less Current Liabilities 303,119 324,495 Funds Restricted trust funds General fund (unTestricted) 275,574 27,545 294,132 30,363 Total funds io 303,119 324,495 These financial statements have been prepared in accordance Yth the special provisions relating to Sm1 companie5 within Part 15 of the Companies Act 2006. For the financia year ended 31 January 2025 the charity was ents'tled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476. The trustees confirm thal the members have not required the company to obln an audit of its financial statements for the financial year in quests'on in accordance hth section 476 of the Companies Acl 2006. The trustees acknowledge their responsibilities for ensunng that the charity keeps accounting record5 which comply th sects'on 386 and for preparing financi statements lch give a true and fair view of the state of aftrS of the chlty as at the end of the financial year and of its Profit and loss for the fi'nancial year in accordance with the requirements of sections 394 and 395 and which otherwse comply with the requirements of the Companies Act 2006 relating to financial staiements. so far as applicable to the charity. Approved by the Board of Trustees and authorised for issue on behalf by and signed on its Sheena Murray Trustee The notes on pages 10 10 14 form part ol the finanual statemer
Annsborough Community Forum IA company limited by guarantee. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 January 2025 GENERAL INFORMATION Annsborough Community Foium is a company limited by guarantee incorporated in ihe United Kingdom. The regislered office of the company is 3 Rockmount. DTumane55, BlynahinCh. BT24 8SB which is also the principal place of business of the company. The financial atementS have been presenied in Pound {£) which is dso the lunctional currency of the company. SUMMARY OF SIGNIFICA ACCOUNTING POLICIES The following accounting pjlicies have been applied consistendy in dealing with items which are considered material in relation lo Ihe charity's linancial slalements. Basis of preparation The financial slatemenis have been prepared on the going concem basis under the hiOr1eal cost convention. modified to include certain items at fair vdue. The financial slatemenis have been Prepared in accordance wilh the Stalernenl of Recommended Practice ISORP) "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" As permitled by ihe Companies Act 21J06. the charity has varied the standard formals in that aci for the Statement ol Financial Aclivilies and the Balance Sheet. Departures from the standard formals are to comply with the requirements of Ihe Charities SORP and are in compliance wilh section 4.7, 10.6 and 15.2 of Ihai SORP. ststement ol compliance The financial slalemenls of the charity for the financial year ended 31 January 2025 have been prepared on the going concern basis and in accordance wih the Statement of Recommended Praclice ISORP) "Accounling and Repor(ing by Charities preparing their accounts in accordance wilh the Financiai Reporting Standard applicable in the UK and Republic of Ireland FRS 102" Cash flow slatement The charity has availed of the exempiion in FRS 102 froffl the requirement to produce a cash flow statement because il is dassified as a small chwity. Fund accounting The following are the calegorises ol funds mainiained.. Restricled funds Restricled fund5 repre5eni income received which can only be used for particular purposes, as specified by the donors. Such purposes are wthin the overall objects'ves of the charity. Unrestricted funds Unrestricted funds consisl ol GenerJ and Designated funds. General funds represent amounts thich are expendable at the discretion of the board, in furtherance ol the objectives of the charity.Designated funds comprise unrestTlCted funds Ihai the board has. at its discreiion, set aside lor particular purposes. These designations have an administrats've Purpose only, and do not legally resiricl the board's discretion io apply the fund. io
continued Annsborough Community Forum (A company limited by guarantee, not having a share wirtal) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 January 2025 Income Income is recognised by inclusion in the Slaiement of Financial Actsviiies only when the charity is legally enliiled to the income, performance conditions altached to the ilem(s) of income have been met, the amounts involved can be measured with sufficient reliability and il 15 probable that ihe income wll be received by the charity. Income frorn charitable activities Income from chariiable activilies include income earned from the supply of SeiceS under contractual arrangements and from performance related grants which have conditions Ihal specify Ihe provision of particular seNices lo be provided by Ihe charity. Income from government and oiheT C(Ftunders is Tecognised when the charity is legally entitled to the income because it is lullilling the conditsons coniained in the related funding agreemenis. Where a grani is received in advance, ils Tecognition is delerred and included in creditor5. Where entitlement occurs before income is received. il is accrued in debtors. Grants from governments and other Covfundefs typically include one of the following iypes of conditions.. Perlormance based condilions.. wthereby the charity is contractually entitled to funding only to the exlent that the core obieciives ol ihe grani agTeement are achieved. Where Ihe charity is meeling the core objectives of a grant agreement, it recognises the Teled expenditure, io the exteni that i( is reimbursable by the donor, as income. Time based conditions.. wherety the charity is contraaually eniitied to funding on the condition that il is utili5ed in a particular period. In ihese cases the chanty recognises the income to the exteni it is uiilised within the period specified in the agreement. In the absence of such conditions, assuming thai Teceipl is probable and Ihe amount can be reliably measured, granl income is iecognised once the charity is notilied of entiilement. Grants received iowards capiial expendrlure are crediied to ihe Statemeni ol Financial Activities when received or receivable, whichever is earlier. Expenditure Expendiiure Is analysed between costs of charitable activities and raising lunds. The costs of each actlvlty are sepaiately accumulaied and disclosed, and analysed according to their maioT cornponents. Expenditure is recognised when a legal or constructive obligalion exists as a Tesult of a pasi event, a transfer of economic benefits is required in settlemenl and Ihe amount of the obligation can be reliably measured. Support cosls are those functions Ihal assist the work of the charity but cannot be attribute(i lo one aciivity. Such cosis are allocated to activities in proportion to slaff time spenl or other suitable measure tor each activity. Tangible tixed assels and depreciation Tangible fixed assets are siaied at cost or ai valuation. less accumulated depreciation. The charge to depreciaiion is calculated to write off the original cost or valuats'on of tangible fi'xed assets, less their estimaled residual value. over their expected useful lives as follows.. Land and buildings freehokl Planl and machinery FixtUTes, fittings and equipment 8% Straight line IO% Straight line IO% Siraighi line Cash at bank and in hand Cash at bank and in hand comprises &ash on deposit at banks Tequiring less than three months notice of wilhdrawal. Taxation No currenl OT deferred taxation arises as the charity has been granted charitable exemption. li
continued Annsborough Community Forum IA company limited by guarantee, noi having a share capitsl) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 January 2025 INCOME CHARITABLE AcnvmES Unrestricted Restricted Funds Funds 2025 2024 Grants from governments and other Covfunders: Newry, Mourne & Down District Council Radius Housing Clanmil Housing DAERA Micro Grant County Down Rural Community NeOrk 3,379 1,000 1,000 963 3,379 1,000 1,000 963 400 3,000 400 700 400 6,342 ,742 3,700 OTHER TRADING AcnvmES Unrestricted Restricted Funds Funds 2025 2024 Income from Hall Activitses 3,702 3,702 3,283 EXPENDtTURE RAISING FUNDS Direct Costs Other Costs Support Costs 2025 2024 Cost of Hall Activities 4,725 4,725 2,426 CHARITABLE ACTivmES Direct Costs Other Costs Support Costs 2025 2024 Expenditure on charitable activities Governance Costs (Note 4.3) 23,570 660 2.865 26.435 660 23,472 660 24,230 2,865 27,095 24,132 GOVERNANCE COSTS Direct Costs Other Costs Support Costs 2025 2024 Charitable activities - governan costs 660 660 660 44 SUPPORT COSTS ChariLible Activities 2025 2024 Bank Fees Insurance Heat & Light Telephone 38 1,392 736 1,560 920 554 920 554 2.865 2,865 3,726 12
continued Annsborough Community Forum (A company limited by guaianlee. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 January 2025 ANALYSIS OF SUPPORT COSTS 2025 2024 Bank Fees Insurance Heat & Light Telephone 38 1,392 736 1,560 920 554 2,865 3,726 NET INCOME 2025 2024 Net Income is stated after chargingl(crediting): Depreciation of iangible assets Independent Examiner's remuneration: independent examination seryices 19,900 19,784 660 660 TANGIBLE FIXED ASSETS Land and buildings freehold Plant and Fixtures, machinery fittings and equiprnent Total Cost At l February 2024 Additions 469,586 2,580 8,592 1,158 480.758 1.158 At 31 January 2025 469,586 2,580 9,750 481.916 Depreciation At l February 2024 Charge lor the financial year 152,055 18,784 1,161 245 6,968 871 160,184 19,900 At 31 January 2025 170,839 1.406 7,839 180,084 Net book value At 31 January 2025 298,747 1,174 1,911 301.832 At 31 January 2024 317,531 1,419 1,624 320,574 CREDITORS Arnounts falling due within one year 2025 2024 Accruals and deferred income 660 RESERVES 2025 2024 At the beginning of the year Deficit lor the financial year 324,495 (21,376) 333.323 (19,575) At the end of the year 303,119 313,748 13
continued Annsborough Community Forum IA company limited by guarantee, noi having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 January 2025 io. FUNDS 10.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Restricted Funds Funds Total Funds At l February 2023 Movement during the fi'nanci year 22,407 7,956 310,916 (16,7841 333,323 {8,828) Ai 31 January 2024 Movement during the financial year 33,363 (5,818) 291,132 (15,558) 324,495 {21.376) At 31 January 2025 27,545 275,574 303,119 10.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance l February 2024 Income Expenditure Translers between funds Balance 31 January 2025 Restricted funds Restricted Unrestricted fijnds Unresiricied General 291,132 6,342 21.900 275,574 33.363 4.102 9,920 27,545 Total funds 324,495 10.444 31,820 303,119 10.3 ANALYSIS OF NET ASSETS BY FUND Fixed assets - Charity use Cuent assets Current liabilities Total Reslricled Irust funds 300,674 67 (29,509) 271,232 Unrestricted general funds 1.158 1,880 28,849 31,887 301,832 1,947 (660) 303,119 IL STATUS The charity is limited by guaranlee not having a share capiial. The liability of the members is limrted. Every member of the company undertakes to contribute to the assets of the company in the event of its being wound up while they are members, oi wthin one year Ihereafter, for the payment ol the debis and liabilities of the company contracled before they ceased to be members, and the cosls. charges and expenses of winding up, and for ihe adjustment of the rights of the contributors among themselves, such amouni as may be required. not exceeding £1. 12. RELATED PARTY TRANSACTIONS There were no trvslee benefi'ts or remuneration paid for the year ended 31 January 2025. 13. POST-BALANCE SHEET EVENTS There have been no signrficant events affecting the Charity since ihe financial year-end. 14