**Charity registration number: 101215**
**Maghera Cross Community Link**
**Trustees’ report and financial statements for the year ended 31 March 2024**
**Maghera Cross Community Link**
## **Trustees’ report and annual financial statements for the year ended 31 March 2024**
||**Page(s)**|
|---|---|
|Reference and administration information|1|
|Trustees’ Report|2 – 3|
|Independent examiner’s report|4|
|Statement of financial activities|5|
|Statement of financial position|6|
|Notes to the financial statements|7 – 10|
**Maghera Cross Community Link**
## **Reference and administration information**
**Trustees** Mr Jon James Boyd Mrs Ruth Watterson Mrs Claire Sweeney Ms Paula Convery Ms Kirsty McFall Ms Jane Mullan Mr Brain Davey Mr Ross Nicholl
**Charity Commission number** 101215
**Registered Office** The Link Community Building 49 St Lurachs Road Maghera Co. Derry BT46 5JE
1
**Maghera Cross Community Link**
## **Trustees’ report for the year ended 31 March 2024**
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2024.
The financial statements are prepared in accordance with the Charities Act (Northern Ireland) 2008, 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 102).
## **Reference and administrative details**
Details of registered office and trustees are given on page 1.
## **Structure, governance and management**
The organisation is governed by its Trustees. All new Trustees go through an induction process and are appointed as and when required and based on their skills and experience. The Trustees do not retire on an annual basis.
The Trustees meet on a regular basis throughout the year to manage and control all aspects of the charity and also conduct regular risk assessments of the various operational risks impacting the charity and its projects.
## **Public Benefit Statement**
The public benefit requirement is defined in the Charities Act (Northern Ireland) 2008 and states that purposes must be for the public benefit to be charitable. The trustees confirm that they have complied with the duty to have regard to the guidance issued by the Charity Commission for Northern Ireland under section 4(b) of the Charities Act (the public benefit requirement statutory guidance). The trustees are confident that the activities have helped to achieve the charity’s purposes and provide a benefit to the beneficiaries.
## **Objectives and activities**
The charity’s objectives are:
- To try and create better cross community relations in the relatively divided community of Maghera. The charity provides a comfortable, safe central facility where individuals and families can feel free to meet, come together and socialise. There will be a range of activities and classes aimed particularly at young people such as dance, music, physical exercise and boxing.
- To provide an after-schools club where children from both sides of the community will be looked after for 2 hours per day.
- To provide a food bank to assist most deprived families in an area where 25% of the people are living in child poverty.
## **Achievements and performance**
The trustees are satisfied with the results for the year and the year end position of the charity. They are hopeful that contributions will increase next year.
2
**Maghera Cross Community Link**
## **Trustees’ report for the year ended 31[st] March 2024 (continued)**
## **Financial review**
The results of the year are fully set out in the statement of financial activities.
## **Funds held as custodian trustee on behalf of others**
The charity holds no funds as custodian trustees on behalf of others.
## **Statement of trustees’ responsibilities in respect of the financial statements**
The trustees are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities requires the trustees to prepare financial statements for each year. Under that law the trustees have prepared the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”. The trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of the affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material 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 operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008. 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 other irregularities.
3
**Maghera Cross Community Link**
## **Independent examiner’s report for the year ended 31[st] March 2024**
## **Independent examiner’s report to the trustees of Maghera Cross Community Link**
I report on the accounts of the charity for the year ended 31[st] March 2024 which are set out on pages 5 – 10.
## **Respective responsibilities of trustees and examiners**
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008.
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 Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act; and
- State whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general directions given by the Charity Commission for Northern Ireland under section 65(9)(b) 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 consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as 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:
1. 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;
3. that the accounts do not comply with the accounting requirements of the Charities Act; and
4. that there is further information needed for a proper understanding of the accounts to be reached.
## **Independent examiner’s statement**
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.
_________________ Kerry Brennan Chartered Accountant
19C Hillside Road Maghera
4
**Maghera Cross Community Link**
## **Statement of financial activities (including income and expenditure account) for the year ended 31 March 2024**
|Note
**Incoming resources**
Income from charitable activities
**6**
**Total incoming resources**
**Resources expended**
Cost of charitable activities
**7**
**Total resources expended**
**Net incoming/(outgoing)**
**resources**
**8**
Fund balances brought forward
Transfers between funds
**Fund balances carried forward**|**2024**
**2024**
**2024**
2023
2023
2023
**Unrestricted**
**funds**
**Restricted**
**funds**
**Total**
**funds**
Unrestricted
funds
Restricted
funds
Total
funds
**£**
**£**
**£**
£
£
£
187,826
80,651
**268,477**
186,891
64,520
251,411|
|---|---|
||187,826
80,651
**268,477**
186,891
64,520
251,411|
||140,703
85,441
**226,144**
150,407
68,224
218,631|
||140,703
85,441
**226,144**
150,407
68,224
218,631|
|||
||47,123
(4,790)
**42,333**
36,484
(3,704)
32,780|
|||
||103,552
455
**104,007**
71,143
84
71,227
(5,825)
5,825
**-**
(4,075)
4,075
-|
||144,850
1,490
**146,340**
103,552
455
104,007|
All incoming resources and resources expended in the year presented above are derived from continuing operations.
The statement of financial activities includes all gains and losses in the year.
5
**Maghera Cross Community Link**
## **Statement of financial position as at 31[st] March 2024**
|**Note**
**Current assets**
Debtors
Cash at bank and in hand
**Total current assets**
**Creditors: amounts falling due within one year**
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**Funds of the charity**
Restricted funds
**10**
Unrestricted funds
**10**
**Total charity funds**|**2024**
**£**
**£**
-
146,340
**146,340**
-
146,340
**146,340**
**146,340**
**1,490**
**144,850**
**146,340**|**2024**
**£**
**£**
-
146,340
**146,340**
-
146,340
**146,340**
**146,340**
**1,490**
**144,850**
**146,340**|**2023**
**£**
**£**
-
42,333
**42,333**
-
42,333
42,333
**42,333**
455
104,007
**104,007**|**2023**
**£**
**£**
-
42,333
**42,333**
-
42,333
42,333
**42,333**
455
104,007
**104,007**|
|---|---|---|---|---|
||**146,340**
-||**42,333**
-||
||||||
|||**146,340**||42,333|
|||**146,340**||**42,333**|
|||**1,490**
**144,850**
**146,340**||455
104,007
**104,007**|
The notes on pages 7 to 10 form part of these unaudited financial statements.
6
**Maghera Cross Community Link**
## **Notes to the financial statements for the year ended 31[st] March 2024**
## **1. General information**
The charity is a company based in Northern Ireland. The registered office of the charity is The Link Community Building, 49 St Lurachs Road, Maghera, Co. Derry, BT46 5JE.
## **2. Statement of compliance**
The financial statements of Maghera Cross Community Link have been prepared in compliance 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 the UK and Republic of Ireland (FRS 102) effective March 2018 (Charities SORP (FRS 102)), and the Charities Act (Northern Ireland) 2008.
## **3. Summary of significant accounting policies**
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented, unless otherwise stated.
## **(a) Basis of preparation**
These financial statements are prepared on the going concern basis under the historical cost convention. The trustees have prepared the financial statements on the going concern basis, giving careful consideration to the results during the financial year.
Maghera Cross Community Link meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost and transaction value unless otherwise stated in the relevant accounting policy note(s). The financial statements are prepared on a going concern basis. Taking account of the risk review undertaken by the trustees they do not consider there to be a risk to the going concern status of the charity.
## **(b) Cash and cash equivalents**
Cash and cash equivalents includes cash in hand and deposits held at call with banks.
## **(c) Debtors**
Debtors are stated after all known bad debts have been written off and specific provision has been made against all debts considered doubtful of collection.
## **(d) Incoming Resources**
All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to income and the amount can be quantified with reasonable accuracy.
## **(e) Resources Expended**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **(f) Governance costs**
Governance costs include those costs incurred in the governance of its assets which are associated with constitutional and statutory requirements.
## **(g) Allocation and apportionment of costs**
All costs relate to the single activity of the charity and are recognised accordingly.
7
**Maghera Cross Community Link**
## **Notes to the financial statements for the year ended 31[st] March 2024 (continued)**
## **(h) Fund Accounting**
The charity has funds for which it is responsible and which requires separate disclosure. A definition of the various types of fund is as follows:
## **Restricted Funds**
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meet these criteria is identified to the fund, together with a fair allocation of overhead and support costs.
## **Unrestricted funds**
General funds are amounts received or generated and which are expendable at the discretion of the charity in furtherance of its objectives.
## **4. Critical judgements and estimations of uncertainty**
Estimates and judgements are continually evaluated and are based on historical experience and other factors including expectations of future events that are believed to be reasonable under the circumstances.
## _**Critical judgements in applying the entity’s accounting policies**_
There are no critical judgements in applying the charity’s accounting policies.
## _**Critical accounting estimates and assumptions**_
There are no critical accounting estimates and assumptions.
## **5. Income from charitable activities**
|Donations
Funding
Other income|2024
2024
**2024**
2023
2023
2023
Restricted
funds
Unrestricted
funds
**Total**
**funds**
Restricted
funds
Unrestricted
funds
Total
funds
£
£
**£**
£
£
£
-
47,852
**47,852**
-
41,430
41,430
80,651
137,389
**218,041**
64,520
134,691
199,211
-
2,585
**2,585**
-
10,770
10,770|
|---|---|
||80,651
187,826
**268,477**
64,520
186,891
251,411|
8
**Maghera Cross Community Link**
## **Notes to the financial statements for the year ended 31[st] March 2024 (continued)**
## **7. Cost of charitable activities**
|**Costs directly allocated to**
**activities**
Bank fees
Bookkeeping
Donations
Equipment
Gifts / prizes
Facilitator costs
Foodbank expenses
Group Activities – Outings
Group Activities – Catering
Group Activities - Materials
Insurance
Joint project
Miscellaneous
Phone & internet
Premises – Heating
Premises – Power
Premises – Rent
Premises – Repairs
Room hire
Staff costs
Staff training
Transport
TV licence|2024
2024
**2024**
2023
2023
2023
Restricted
funds
Unrestricted
funds
**Total**
**funds**
Restricted
funds
Unrestricted
funds
Total funds
£
£
**£**
£
£
£
31
125
**156**
21
134
155
-
150
**150**
-
150
150
-
500
**500**
-
600
600
-
-
**-**
889
6,282
7,171
-
140
**140**
-
649
649
3,906
11,899
**15,805**
9,480
14,250
23,730
-
55,447
**55,447**
-
34,614
34,614
1,269
3,457
**4,726**
110
5,887
5,997
8,739
2,504
**11,243**
2,228
6,234
8,462
267
2,839
**3,106**
1,046
4,039
5,085
-
707
**707**
-
697
697
-
-
**-**
-
22,102
22,102
321
373
**694**
330
75
405
39
465
**504**
150
396
546
1,350
1,150
**2,500**
1,750
750
2,500
1,947
2,862
**4,809**
2,174
2,748
4,922
5,516
3,294
**8,810**
5,390
8,400
13,790
-
1,313
**1,313**
-
1,716
1,716
180
541
**721**
-
-
-
50,500
51,686
**102,188**
43,386
38,690
82,076
8,998
1,092
**1,595**
-
1,835
1,835
2,378
-
**2,378**
1,270
-
1,270
-
159
**159**
-
159
159|
|---|---|
||85,441
140,703
**226,144**
68,224
150,407
218,631|
## **8. Net incoming / (outgoing) resources**
||**2024**|2023|
|---|---|---|
||**£**|£|
|**This is stated after charging:**|||
|Staff costs (Note 9)|**50,500**|38,090|
|Fees payable to the independent examiner|**150**|150|
9
**Maghera Cross Community Link**
## **Notes to the financial statements for the year ended 31[st] March 2024 (continued)**
## **9. Analysis of staff costs**
|**Staff costs**
Wages and salaries|**2024**
**£**
**50,500**
**50,500**|2023
£
38,090
38,090|
|---|---|---|
There were no employees who received employee benefits (excluding employer pension costs) of more than £60,000.
The trustees did not receive any emoluments during the year.
## **10. Fund reconciliation**
|General funds
Restricted funds|**Opening**
**Balance**
**Income**
**Expenditure**
**Transfers**
**Closing**
**Balance**
**£**
**£**
**£**
**£**
**£**
103,552
187,826
(140,703)
(5,825)
**144,850**
455
80,651
(85,441)
5,825
**1,490**|
|---|---|
||**104,007**
**268,477**
**(226,144)**
**-**
**146,340**|
10