Company registration number: N1040557
Antrim & Newtownabbey Seniors. Forum
Company limited by guarantee
Unaudited financial statements
31 March 2024

Antrim & Nevrtownabbey Seniors, Forum
Company limited by guarantee
Statement of income and retained eamings
Year ended 31st March 2024
Unrestrlcted Restricted 2024
2023
Note
Date..
Turnover
5.034
69,371
74,405
80.875
Administrative expenses
(2,0091 170.170) {72,180) (68,728}
Operating profitl{loss)
(3,025)
(800)
2,225
12.147
Other interesl receivable and similar income
74
74
19
ProfiU(loss) on ordinary activities before taxatlon
3.099
(800)
2,299
12,166
Tax on profiU(loss) on ordinary activities
ProfiU(loss) for the financial year and total
comprehensive income
3,099
{800)
2,299
12,166
Reserves at the start of the year
41,391 (14,8781
26,513
14,347
Reserves at end of the year
44,490 {15,678)
28,812
26,513
All the activities ofthe company are from continuing operations.
Page 14

Antrim & Newtownabbey Seniors, Forum
Company limited by guarantee
Statement of financial position
31st March 2024
2024
2023
Note
Fixed Assets
Tangible assets
265
353
265
353
Current asset5
Debtors
Cash at bank and in hand
300
31,303
31,603
290
28,773
29,063
Creditors: amounts falling due
within one year
3,056
2,903
Net current assets
Total a55et5 le55 current liabilities
28,547
26,160
Net assets/{liabllities)
28,812
26,513
Capital and reserves
Restricted Fund
Members Fund
115,6781
44,490
114,8781
41,391
Total
28,812
26,513
For the year ending 31st March 2024 the company was entitled to exemption from audit under section 477 of
the Companies Act 2006 relating to small Gompanies.
Trustees responsibilities-
The members have not required the company to obtain an audit of its financial statements for the year in
question in accordance with section 476-
The Trustees acknowledge their responsibilities for Gomplying with the requirements of the Act with respect
to a¢¢ounting records and the preparation of financial statements
Pag8 15

Antrlm & Newtownabbey Seniors, Forum
Company limited by guarantee
statement of flnancial position (continued)
31st March 2024
These financial statements have been prepared in accordance with the provisions applicable to companies
subject to the small companies, regime and in accordance with FRS 102 'The Financial Reporting Standard
appSicable in the UK and Republic of Ireland..
These financial statements were approved by the board of Trustees and authorised for issue on 29th November
2024, and are signed on behalf of Ihe board by..
S Mccleave
Trustees
J Cosgrove
Trustees
Company registration number- N1040557
Charity Number NIC101259
Page 16

Antrim & Newtownabbey Seniors, Forum
Company limited by guarantee
Notes to the financial statements
Year ended 31st March 2024
General infomiation
The company is a private Gompany limited by guarantee, registered in. The address of the registered
office is The Barron Hall, 230 Antrim Road, Newtownabbey. BT36 7QX.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102. 'The Financial Reporting
Stsndard applicable in the UK and the Republic of Ireland,.
Accounling policies
Basis of preparation
The financial statements have been prePa￿d on the historical cost basis, as modified by the revaluation
of certain financial assets and liabilities and investmenl properties measured at fair value through profil
or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover relates to grants and donations received in the general running of the Forum.
Taxation
The taxation expense represenls the aggregate amount of current and defefred tax recognised in the
reporting period. Tax is recognised in the statement of comprehensive income, except to the extenl that
it relates to items recognised in other comprehensive income or directly in capital and reseNes. In this
case, tax is recognised in olher comprehensive income or direclly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at
the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or
substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax
losses and other deferred tax assets are recognised to the extent thal it is probable that thèy will be
recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is
measured using the tax rates and laws that have been enacted or substantively enacted by Ihe
reporting date that are expected to apply to the reversal of the timing difference.
Page 17

Antrim & Newtownabbey Seniors, Forum
Company limited by guarantee
Notes to the financial statements (continued)
Year ended 31st March 2024
Tangible assets
Tangible assets are initially recorded al cost and are subsequently slated at cost less any accumulated
depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair va5ue at the date of revaluation
less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
comprehensive income and accumulaled in capital and reserves, except to the extent it reverses a
revaluation decrease of the same assel previously recognised in profit or loss. A decrease in the
carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to
the extent of any previously recognised revaluation increase accumulated in capital and reserves in
respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains
accumulated in Capital and reserves in respect of that assel. the excess shall be recognised in profit or
loss.
Deprecialion
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,
over the useful eGonomic lrfe of Ihat asset as follows:
Fixtures. fittings and equipment- 25 % Reducing Balance
If there is an indication that there has been a significant change in depreciation rate. useful life or
residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Page 18

Antrim & Newtownabbey Seniors, Forum
Company limited by guarantee
Notes to the financial statements (continued}
Year ended 31st March 2024
Flnanclal instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the
contractual provisions of Ihe instrument.
Basic financial instruments are inilially recognised al the transaction price, unless the arrangement
constitutes a financing transaction, where il is recognised at the present value of the future payments
discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Where investments in non-convertible preference shares and non-puttable ordinary shares or
preference shares are publicly traded or their fair value can otherwise be measured reliably, the
investment is subsequently measured at fair value with changes in fair value recognised in profit or loss.
All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment
for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a
market rate, in which case the asset is measured at the present value of the future payments
discounted at a market rate of interest for a similar debt inslrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in
profit or loss, with the exception of hedging instruments in a designated hedging relalionship.
Financial assets that are measured al cost or amortised cost are reviewed for objective evidence of
impairment at the end of each reporting date. If Ihere is objeclive evidence of impairment, an
impaimient loss Is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually
significant, these are assessed individually for impairment. Other financial assets or either assessed
individually or grouped on Ihe basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or105s immediately, to the extent that the reversal
does not result in a carrying amount of the financial asset that exceeds what Ihe carrying amount would
have been had the impaimient not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the
related service is provided. Prepaid contributions are recognised as an asset to the extent that the
prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting
date in which the employees render the related service, the liability is measured on a discounted
present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the
period in which it arises.
Limited by guarantee
Page 19

Antrlm & Newtownabbey Seniors, Forum
Company limited by guarantee
Notes to the financial statements {continued)
Year ended 31st March 2024
Losslprofit before taxation
Losslprofit before taxation is slated after charging. (crediting)..
2024
2023
Depreciation of tangible assets
88
118
Tangible assets
Fixtures,
fitling and
equipment
Total
Cost
At 1st April 2023
Additions
At 31st March 2024
11,816
11,816
11,816
11,816
Depreciation
At 1st April 2023
Charge for the year
At 31st March 2024
11.463
88
11,551
11,463
88
11,551
Carrying amount
Al 3181 March 2024
265
265
At 31st March 2023
353
353
Debtors
2024
2023
Other debtors
300
290
Creditors.. amounts falling die within one year
2024
2023
PAYE
other creditors
775
2,281
3,056
622
2,281
2,903
Controlling party
The controlling party are the members of the Antrim & Newtownabbey Seniors, Forum
Page 20

Antrlm & Newtownabbey Senlors, Forum
Company limited by guarantee
Notes to the financial statements (continued)
Year ended 31st March 2024
The following pages do not form part of the statutory accounts.
Page 21

Detailed income statement (continued)
Turnover
Affiliation fees
Donations
Project income
Big Lottery fund (Restricted funding)
A.N.B.C. (Restricted funding)
Age Nl
Grant
2024
2023
5,034
3,052
6,500
67,323
69,371
4,000
74,405
80,875
Gross Surplus
74,405
80,875
Gr05s Surplus percentage
ioo.o%
ioo.o%
Overheads
Administrative expenses
172,180)
{72,180}
(68,728
(68,7281
Operating Surplus/ {Defi¢it)
2,225
12,147
Other interest receivable and similar income
74
19
Surplus/{Deficitl on ordinary activities before taxation
2,299
12,166
2024
2023
Overheads
Administrative
Wages and salaries
Venue hire
Rent
Project expenses
Insurance
General Running
Prinling, postage and stationery
Tutor costs
Telephone
Computer costs
Legal and professional
Accountancy fees
Bank charges
Staff welfare
General expenses
Depreciation of tangible a55els
(55,126)
(3,163)
(2,767)
(6.459}
(1,118)
(786)
{1,060)
(51,649)
(2,4301
{1,5751
{5,455)
{1,076)
{2.695)
(1,557)
(729)
(420)
(108)
{856}
160)
(118)
{457)
(123)
(573)
(460)
(88)
(72,180)
(68,728)
Page 22