Company registration number: N1040S57 Antrlm & Newtownabbey Seniors, Forum Company limitsd ty guarantee Unaudlted financial statemonts 31 March 2025
Antrlm & Neyrtownabbey Senlors. Forum Company limited by guarantee Statement of income and retained earnlngs Year ended 31st March 2025 Unrestrlcted Restricted 2025 2024 Note Date: Turnover 5,205 65.486 70.691 74,405 Administrative exp8nses (2,558) (64,887) (67.445) (72,180) Operating profitl(loss) 2.647 599 3,246 2,225 Other interest receivable and similar income 64 74 Profrtl(loss) on ordinary activities before taxation 2.711 599 3,310 2.299 Tax on profiV(loss} on ordinary actiwties Profitl(loss) for the financlal year and totsl comprehenslve income 2.711 599 3.310 2,299 Resorves at the start of the year 44,490 115,678) 28.812 26,513 Reg8rv85 at end of the year 47,201 (15.079) 32.122 28,812 All the activities of the company are from continuing operations. Page 14
Antrim & Newtownabbey Seniors, Forum Company limlted by guarantee Statement of financial positlon 31st March 2025 2025 2024 Note Fixed Assets Tangible assets 199 265 199 265 Current assets Debtors Cash at bank and in hand 343 34,621 34,964 300 31,303 31,603 Creditors: amounts falling due within one year 3.041 3,056 - Nét current-assets Totsl assets less current15abilities 31,923 28,547 Net assets/{liabilities) 32,122 28,812 Capitsl and reserves Restricted Fund Members Fund (15.078) 47,2CK) 115,678} 44,490 Total 32,122 28,812 For the year ending 31 st M8rch 2025, the company was entitled to exempts.on from audtt under section 477 of the Companies Act 2006 relating to small companies. Trustees, responsibilities-. The members have not required the company to obtain an audit of its financial statements for the year in question in accordanTr with section 476. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements Page 15
Antrim & N8Wtownabbey Senlors, Forum Company limited by guarantee Statement of financial position (continued) 31st March 2025 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 applicable in the UK and Republic of Ireland,. These financial statements were approved by the board of Trustees and authorised for issue on 28th November 2025, and ar8 signed on behalf of the board by: S McCl8ave Trustees Trustees Company regisiration number: N1040557 Charity Number NIC101259 Page 16
Antrfm & Newtownabbey Seniors, Forum Company limlted by guarantse Notes to the financial ststements Year ended 31st March 2025 G8n8ral informatlon The company is a private company 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, 'Th8 Financial Raporting standard applicabl8 in the UK and the Republic of Ireland,. Accounting pollcies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment prop8rties measured at fair value through profit or loss. The financial ststements are prepared in starling, which is the functs-onal currency of the entity. Tumover Turnov8r relatss to grants and donations received in the general running of the Forum. Taxatlon The taxation expense represents the aggregate amount of current and deferred tax recognised in the r8POrting period. Tax is recognised in the statement ot comprehensive income, except to the 8Xtent that it relates to items recognised in other comprehensive income or directly in capital and reseNes. In this case. tax is recognised in other comprehensive income or directly in capital and r8serves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is ffleasured at th8 amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively en8Cted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tsx assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other futsjre taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantivety enacied by the reportlng date that are expected to apply to the reversal of the timing differenc8. Page 17
Antrim & Newtownabbey Seniors, Forum Company Ilmited by guaranto8 Notes to the financial ststements (conllnued) Year ended 31st March 2025 Tangible assets Tangible assets are initially recorded at cost and are subsequently ststed at cost less any accumulated depreciation and impairment losses. Any tsngible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. increase in the carrying amount of an asset as a result of a revaluation, is recognised in other compreh8nsive income and accumulated in capital and reserves, exc8Pt to the extent rt reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an assat as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capitsl and reserves in respect of Ihat asset. Wh8re a revaluation decreaso exceeds the accumulate(J revaluation gains accumulated in capital and reserves in respect of that asset, the èxcess shall be re¢ognised in profit or loss. Oeprecbation Depreciation is calculated so as to writ8 off the cost or valuation of an asset. less its residual value, over the useful economic life of that asset as follows: Fixtures, fittings and equipment- 25/0 Reducing Balance If there is an indication that there has been a signrficant chang8 in depreciation rate. useful lrfe or residual value of tangible assets, the deprecialion is revised prospectively to reflect the new estimates. Page 18
Antrim & Newtownabbey Senior8, Forum Company limited by guarantee Notes to the flnancial statements {continued} Year ended 31st March 2025 Financial instruments A financial asset or a financial liabilty is recognised only when the company becomes a paty to the contractual provisions of the instnjment. Basic financial instruments are inilialty recognised at the transaction price. unless the arrangement conslitutes a financing transaction. where it is recognised al the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments ar8 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 oth8rwise be measured Teliabty, 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 cosl less impaim18rit. other financial instruments. including derivatives, are initially recognised at faiT value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of inter8St 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 insttument. Other financial instruments ere subsequently measured at fair value, with any changes cognISed in profit or loss. with the excaption of hedging instruments in a d8signated hedging ralationship. Financial assets that are measurad at cosl or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profft or loss immediately. For a118quty instruments reg2rd18ss of significance, and other financial assets that are individually significant. these are assessed individually for impairment. Oth8r financial assets or either assessed individually or group8d on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profrt or loss immediately. to the extent that the r8versal does not result in a carrying amount of the finanaal asset that exceeds whal the carrying amount would have been had th8 impairment not previously been recognised. Defined contrlbutlon 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 assel 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 serviGe. the liability is measured on 8 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. Llmited by guarantee Page 19
Antrim & Newtownabbey Seniors, Forum Company limited by guarantee Notes to the flnancial statements {continued} Y8ar ended 31st March 2025 Losslprofit before taxatlon Losslprofit before taxation is stated after charging. (crediting): Depreciation of tangible assets 2025 2024 66 88 Tan9ible assets Fixtures, fitting arid equipment Total Cost At 18¢ April 2024 Additions At 3151 March 2025 11,816 11.816 11.816 11,816 Depreclallon At 1st Aprll 2024 Charge for the year At 31" March 2025 11,551 66 11,617 11,551 66 11.617 Carrying amount At 3151 March 2025 199 199 265 At 31st March 2024 265 Debtors 2025 2024 300 Other debtors 343 Creditors= amounts falling die within one year 2025 2024 760 2,281 3,041 775 2,281 3,056 PAYE Other creditors Controlling party The controlling party are the members of the Antrim & Newtownabbey Seniors, Forum Page 20
Antrim & Newtownabbey S•nlors' Forum Company Ilmlted by guarantoe Notes to the financlal statements (continued) Year anded 31st March 2025 The following pages do not form part of the statutory accounts. Page 21
Detailed Income statement (¢ontinu&d} Turnover Affiliation fee5 Donations Project income Big Lottery fund {Restricted funding) A.N.B.C. (Restricted funding) Age Nl Grant 2025 2024 5,205 5,034 65,486 69,371 70,691 74,405 Gross Surplus 70.691 74,405 Gr05s Surplus percentage 100.0% iffl.o% Overheads Administrative expenses (67,4451_ 167,445) 72,180J (72,1801 Operating Surplus/ (Deficit) 3,246 2,225 Other interest receivable and similar income 65 74 Surplus/lDeficit} on ordinary actÈvities before taxation 3,311 2,299 Page 22
Detailed incomo statemént (continued) 2025 2024 Overheads Admlnistratlve Wages and salaries Venue hire Rent Project expenses Insurance General Running Printing, postage and stationery Tutor costs Telephone Computer costs Legal and professional Hospitslity Accountancy fees Bank charges Stsff wekfare General expenses Catering Depreciation of tangible assets (55,038) (2,587) (2,500) (1,972) (55.126) (3.163) (2.767) (6.459) (1.118) (786) (1.060) {192) (821) (844) (457) {123) {573) (460) (121} (3,203) (101) {66) (88) (67,445) 172,180) Page 22