Company Reglstratlon No. N1047312 (Northern Ireland) Charity Commission No: NIC 101270 DROMBOUGHIL COMMUNITY ASSOCIATION (A company limited by guarantee and not having a share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
DROMBOUGHIL COMMUNITY ASSOCIATION CONTENTS Page Report of the Board of Trustees Independent Examiners. ReFort Statement of Financial Activities Balance sheet Notes to the financial statements 10-16
DROMBOUGHIL COMMUNITY ASSOCIATION REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 The directors, who are trustees under charity law. are pleased to present their annual directors, report together with the financial statements of the charity for the year ended 31 December 2023 which are also prepared to meet the requirements for a directors. report and awounts for Companies Act purposes. The financial statements comply with the Charities Act (Nothem Ireland) 2008. the Companies Act 2006, the Memorandum and Articles of Association. and "Accx)unting and Reporting by Charities: Statement of Recommended Accounting Practice applicable to tharities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102>'{as amended for accounting periods commencing 1 January 2016). Referonco and Admlnlstratlon Infomiatlon Charlty Name: Incorporated: Dromboughil Community Associats"on 24th July 2003 Charfty Commlsslon No: NIC 101270 HM Revenue & Customs Charlty No: XR80127 Company Number: N1047312 Reglsterod office: 36 Magheramore Road Dungiven Co Londonde 8T47 4SW Truste08: Mr John James O'Kan8 Mr Liam Campbell Mr Alfred David Canning Mrs Kathleen Canning Mr Alan Miller Mr Robert Buchanan Mrs Ruth Canning Mrs Anne McLaughlin Secretary: Mr Alfred Canning Management Commlttee: Mr John James O'Kane Mr Liam Campbell Mr Alan Miller Mr Alfred Canning Mrs Kathleen Cannlng Mrs Ruth Canning Mrs Anne McLaughlln Mrs Donna Buchanan Chair Vice Chair Secretary Treasurer
DROM8OUGHIL COMMUNITY ASSOCIATION REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Independent Examiners Moore (N.I.) LLP 32 Lodge Road Coleraine Co. Londondeny BT52 1NB Bankers Ulster Bank 83 Main Street Dungiven Co. Londonderry BT47 4LE Sollcltor8 WB Thompson & Co 36 Catherine Street Limavady Co. Londondery BT49 gDB
DROMBOUGHIL COMMUNITY ASSOCIATION REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Our aims and objectives oses an tms Our charity's purFxises are as set OLrt in the objects clause contained in the company's Memordndum of Association.. to benefit the public through Ihe promotion of the relÉef of poverty, sickness and the problems associated with ag8ing. principally in the ar8as of benefft in the environs of Dromboughil. and to maintain and manage. in COperatiOn with local govemment. a community resource centre. Ensurin our work delivers our aims Our aims, objedives and activities are reviewed. monitored and assessed through our ongoing programme of regular committee meetings. The committee ensures adherence to the Charitys Commission's general guidance on public benefrt in assessing compliance with stated aims and objectives and in programming future activilies. The focus of o r Our main objectives are - the promotion of peace and reconciliation betsveen the communities represented in the area and - rural regeneration through self-help and self-building programmes. How our charlty activities deliver public benefit Who use and benefit from our services? Older eo Older people benefit from attendance at courses and meetings at the community resource centre. Weekty craft courses are well attended by senior citizens. The physical or mental limttations that often accompany ageing make it difficult for some seniors to enjoy certain crafts. The variety of crafts offered at the centre. crocheting, quilting, patch working, embroidery and sundry needlework, ensures there is somelhing which suits everyone. We believe that crathng helps to keep the mind sharp and stimulated and that working wtih crafts bring5 people together thereby helping to give the elderly a sense of belonging and enable them to develop fn'endships. Other weekly classes include art which we feel can be a therapeutic CreatIOn for the elderty. The creativity classes help the elderly to reduce stress. anxiety and boredom and give them a sense of control assisting to improve self- esteem and confidence. We believe that this all contributes to improving emotional and physical health. A senior atizen group meets every week. and members are provided with refreshments and lunch. They also enjoy outings, age-related talks and participate in physical activty. These regular meetings encourage socialisation and give new opportunities for connecting wtth others and are, therefore. effective in allewating loneliness and reducing the risk of social isolation The eneral ublic The general public benefit from attendance at courses, functions and gatherings at the community resource centre which promotes community integratton. Wariety Crafts- an enterprise which provides an oudet for craft materials and workshops for individuals and groups fills the gap that existed in the local area for those inlerested in crafts. The art and craft classes provide a means for people to share their culture with others, thereby promoting hamiony, understanding, tolerance and Coaoperation betseen the different communities. The arts and crafts groups enable people to become involved in community activities that are affordable, close to home, in a neutral environment and appropriate to the backgrounds and aspirabons of the paCIpants. We believe that engagement by the public in these groups plays an important role in celebrating and preserving loGal ltUreS. tradrtions and heritsge which helps strengthen local identity.
DROMBOUGHIL COMMUNrrY ASSOCIATION REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Volunteers The Charily is very reliant on voluntary help. Volunteers are given the opportunity to pass on their skills. A number of our volunteers are unemployed and benefit on a personal level from gaining new skills such as teamwork, negotiation, communication and adminislralion all improving their self•teem and confidence and better equipping them for employment. We wish to thank ourfn'ends for their loyal support and servi. Youth The local youth benefits from a centre that provides a wann and frierKlly social meeting place. We find that young people who attend the centre to use the Gomputer facilities tend to get involved in other community activities and voluntary work. for examp18, helping at social functions. We believe that young people's involvement in voluntary work at the centre helps to relieve boredom. develop new skills, ty out new things and have fun. They benefit from the knowledge and skills passed on from senior members and feel that their own talents are appreciated and that they are accepted in the community. Financial revlew There has been an In¢ase in our overall income to £71,162 {2022'. £39.039). Total expenditure has increased by £14.641 resulting in a surplus for the year of £21.104 wmpared to a surplus of £3,622 in the previous year. Princi al Fundin Sources The Association continues to rely principally upon grant funding and donations. Included in the accounts is the sum of £53,626 from grants. an increase of £27.126 from the previous year. The association also generates contributions for Seices. such as courses. room hire and catering. provided to the local community. This totslled £11,580 in th8 year (2022 - £7,939). Wariety Crafts" provides a source of income from the sale of crafts and textiles and from running classes and Workshops and this amounted to £3.649 (2022 - £3,292). Investment Poli The charity continu8S Wlth its policy to endeavour to build the serveS of the Association to facilitate the medium-lerm objective of developing and improving the Association's community resource centre. To further this end, cash funds are held in short-term bank deposits and showed an increase of £9,724 over the year. An amount of £5,119 is held in a building fund account at year end. This will be used to cover general upkeep of the premises. Reserves olic and oin concem Reserves are needed to bridge the gap between the spending and Ceiving of income and to cover unplanned emergency repairs and other expenditure. The trustees consider Ihat the balance of unrestricted general fijnds of £23,297 at 31 st December 2023 is necessary to allow for fluctuations in levels of income end expenditure, planned commitments which cannot be met by future income alone, the need to spend money in advance of receiving grants and any unforeseen emergencies Year end ndS indude a designated fund reflecting the book value of the building on which grants have been received. The relevanl fund is being duced in line with the building's depreciation and amounted to £231,566 on 31° December 2023. The trustees consider the reseeS retained by the Assocaation as sufficient for the ongoing needs of the company given Ihe current and prospective funding sources and are confident that at this level of reserves, they would be able lo continue the current activities of the charity in the event of a significant drop in fvnding.
DROMBOUGHIL COMMUNrrY ASSOCIATION REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Rlsk assessment The Trustees are aware of the major risks lo which the charity is exposed. Where appropriate, systems or procedures have been established to mitigate the risks which the charity faces. Intemal ntrol risks are minimised through the procedures for authorisation of all transactions and projects. PrOdureS are periodically reviewed lo ensure that they continue to meet the needs of the Association. Procedures are in place to ensure compliance with applicaNe laws and regulations. These procedures are reviewed periodically to ensure that they continue to meet the needs of the charity. Achievements in 2023 In March 2023 we welcomed our new staff member (Project and Funding Coordinator Aideen O'Neill). The association tasked Aideen with Increasing funding sources in the hope of increasing footfall to the centre via our classes and programmes. This has been very successful. and we have managed to secure multiple funding streams from Halifax. The ARN Foundation, Garfield Weston. COAST. Bogside & Brandywell Heath Forum and Children In Need. The procurement of this funding has allowed the conkn'nuakn'on and 9rovrth of our ctass programme with a number of new classes. We have also been able to establish a new youth dub, an ongoing earty years project and a community fridge. This has widely increased the range of users to our centre, encouraging families vnth young children to make use of the facilities here and increasing our public profile in the surrounding communities. We are very pleased with these advancements and the resulting growth thIch will have a positive long-temi effect on the financial viability of The Association. Plans for the future The trustees plan to build on the growlh achieved in 2023 and continue to steadily increase the profile of the centre. We will do this by establishing the ongoing needs of the local Community and developing new classes and programmes to meet the ev8r èvolving social and economic requirements of our ntre users. Structure governanc• and management The organisation is a charitable company limited by guarantee incorporated on 24 July 2003 and registered as a charity with HM Revenue & Customs and with Charity Commission for Nl. The company was established under a Memorandum of Association and is govemed by its Artides of Association. Memberfs liability in the event of the company being wound up is limited to £1. Recruitment and a ntment of tNstees The directors of the company are also charity trustees for the purposes of Charity Law. Under the qUirements of the Memorandum and Arlicles of Association direclors are elected at an Annual General Meeting from amongst those persons nominated by the Ordinary Members. The directors have the FM)wer at any time to appoint any person to be a director, either to fill a casual vacancy or as an addition to the existing director5. Any director so appointed serves only until the next Annual General Meeting at which directors are to be elected and are then eligible for r8-elects'on. A retiring director is eligible for re*le¢tion. Following appointmenl. new trustees a briefed on their legal obligab'ons underthe charity and company law. the Charity Commission guidance on public benefft. the content of the Memorandum and Articles ofAssociation. the commitlee and decision-making processes, the business plan and renI financia] performance of the charity. anisation The board of trustees administers the charity. The board nomially meets once per month for ten months of the year.
DROMBOUGHIL COMMUNrrY ASSOCIATION REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Related parties None of the trustees receive remuneration or other benefit from their work with the charity. Any transaclion between a trustee and th& charity must be disclosed to the full board of trustees in the same way as any contractual relationship wilh a related party. Trustees. responsibilities in relation to the financial statements The charity trustees (vtho are also the directors of Dromboughil Community Association for the purposes of company law) are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounb'ng Practice). Company law requires the charity truslees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting practi (United Kingdom Accounting Stsndards and applicable law) and 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}. Under company law Ihe trustees must not approve the financial statements unless they are satisfied thal they give a true and fair view of the slate of affairs of the charitsble company and of Fts net movement in funds for that period. In preparing those financial statements, the tNstees are required to.. select suitable accounting policies and then appty them consistenlly. observe the methods and principles in Ihe Charibes SORP. mak8 judgements and accounting estimates that are reasonable and prudent. stste whether applicable UK accounting stsndards have been followed, subject to any material departures disclosed and explained in the financial ststements. prepare the financial statements on the going concem basis unless it is inappropriate to assume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charitable company's transactions and disdose with reasonable accuracy at any time the financial position ofthe charitable company and enable them to ensure that the financial statements comply Mrith the Companies Act 2006 and the relevant charity legislation. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other tegular1ties. Small companies, exemption This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. Approved by the board of trustees on 6th November 2024 and si ne on its behalf by: Mr John James O'Kane Chair Mr Alfved David Canning Secretary
DROMBOUGHIL COMMUNITY ASSOCIATION INDEPENDENT EXAMINERS, REPORT TO THE MEMBERS OF DROMBOUGHIL COMMUNITY ASSOCIATION We report on the accounts of Dromboughil Community Association for the year ended 31•t December 2023 whlch are set out on pages 8 to 16. Respectlve responsibilitles of charity trustees and examlner The charity's trustees (who are also the directors of the company for Ihe purposes of company law) are responsible for the preparation of the accounts in accordance with the requirements of the Companies Acl 2006. Having satisfied ourselves that the charitable company is not subject to audit under company law, and Is eligible for independent examination, it is our responsibility to: lo examine the accounts under section 65 of the Charities Act to follow the procedures laid down in the general Directions given by the Charity Commission for Northem Ireland under section 65(9)(b) of the Charities Act state whether partlcular matters have come to our attents'on... Basls of Independent 8xamlners' report We have examined your charlty accounts as required under section 65 of the Charities Act and our examination was carried out in accordancewith Ihe general Directions given by the Charity Commission for Northern Ireland under section 6519}Ib) of the Charities Act. The examination included a review of the accounting records kept by the charily and a comparison of the accounts presented with those records. It also included consideratlon of any unusual items or disclosures In Ihe accounts and seeking explanations from you as charity trustees conceming any such matters. Our role is to state whether any material matters have come to our attention giving us cause to believe.. that accounting records were not kept as required by section 386 of the Companles Act 2006 that the accounls do not accord with those accounting records that the accounts do not comply with the accounting requirements of section 396 of the Cornpanies Act 2006 and wlth the methi)ds and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the financial Reporting Standard applicab18 in the UK and Republic of Ireland. that there is further information needed for a proper understanding of the accounts to be reached. Independent examlners, statement We confirm that we are qualified to undertake the examination because we are registered members of Chartered Accountants Ireland which is one of the listed bodies. We have completed our examination and have no concerns in respect of (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northem Ireland. we have found no matters that require drawing to your attention. Dr R. I Peters Gallagher OBE FCA Moore IN.I.I LLP Chartered Accountants 32 Lodge Road Coleralne Co Londonderry BT52 1NB Dated.. 61h November 2024
DROMBOUGHIL COMMUNrrY ASSOCIATION STATEMENT OF FINANCIAL ACTNMES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unreslricted Funds 2023 Designated Funds 2023 Restricted Funds 2023 Total Funds 2023 Total Funds 2022 Notes Incomè and Endowments from Donations and legacies Income from Gharitsble activities Other trading activities 501 53,626 54.127 11,967 5,068 26,636 7,954 4,449 11.967 5,068 Total Income 17.536 53,626 71,162 39.039 Expenditur8 on charitable activities 16,141 5,886 28,031 50,058 35,417 Net incomel(expenditure) 1.395 (5.886) 25,595 21,104 3.622 Transfers between funds Net movement in funds for year 1.395 {5.886) 25,595 21,104 3,622 Reconciliation of funds: Totsl funds brought fonyard 21.902 237.452 15,575 274,929 271,307 Total fund cafrled forward 23.297 231.566 41.170 296,033 274,929 Under charity accounting all transactions are reflected wtEhin the Statement of Financi81 Activities and, as such, no separate ststement of total recognised gains and l¢)sses would be required. All the activities of the charity are dassified as ongoing. The notes on pages 10-16 form part of these financial statements and should be read in conjurlOn therewith.
DROMBOUGHIL COMMUNITY ASSOCIATION BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Notes Flxed assets Tangible assets 231,740 237,729 Current assets Stocks 10 11 4,560 21,168 39.553 7,269 1,065 29,829 Debtors & prepayments Cash at bank and in hand 65.281 38,163 Creditors: amounts falling due within one year 12 963 Net current assets 64.290 37,200 Total assets108s current Ilabllltles 13 .033 274,929 Funds of the charlty Unrestricted designated fijnds Unrestricted income fijnds 14 231.566 23.297 237,452 21,902 259.354 15.575 Totsl unrestricted funds Restrfcted funds 254,863 41,170 296.033 274,929 The company is entitled to the exemption from the audit requirernent contained in section 477 of Companles Act 2006, for the year ended 31 December 2023. No member of the company has deposited a notice. pursuant to section 476 of the Companies Act 2006, requiring an audÉt of these acoJunts. The trustees ackn¢)wledge their responsibltieS for ensuring that the charity keeps accounb'ng records which comply with section 386 of the Act and for preparing finan¢ial statements which give a true and fair view of the stale of affairs of the company as at the end of the financial year and of its incoming resoufces and application of resources, including ils income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which olherwi5e comply with the requirements of the Companies Aci 2006 relating to ffinanual statements. so far as applicable to the company. These financial statements have been prepared in accordance with the provisÉons applicable to companies subject to the srnall companies. regime. The notes on pages 10-16 fomi part of these financial statements and should be read in conjunction therewith. The accounts were a proved by the Board of Trustees on 6th November 2024 and signed on behalf of the Tnjstees by.. John James O'Kano (Chalr) g (Secretary) Charity Commisslon No. NIC101270 Company Registration No. N1047312
DROMBOUGHIL COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policlès Charity inforniatlon Drombou9hil Community Association is a private company limited by guarantee incorporated in Northem Ireland. The registered address is 36 M8gheramore Road. Dungiven. Co Londondeny BT47 4SW. Accountlng convention The financial stat6m8nts have been prepared in acCOr(lan with Ihe chariws goveming document, the Companies Act 2006 and "Accounting and Reporting by Charities.. Slatement of Recommended Practice applicable to charities preparing their accounls in accordance with the Financial Rew)rting Standard applicable in the UK and Republic of Ir8land {FRS 102). las amend8d for accounting p8ri0ds commenctng from 1 January 2016>. Th8 charity is a Public Benefit Entity as defined by FRS 102. The chartty has taken advantage of the provisions In the SORP for charittes applylng FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financi81 statements are prepared in sterfing. which is the functional currency of th8 charity. Monetary amounts in these financial statements are rounded to the nearest £. The Ilnanclal stat8ments have been prepared under Ihe hlstorical cost conventlon. Th8 prlnclpal accoundng polScles adopted are set out b810w. Golng coneérn The trustees have prepar8d Ih8se financial statements on the going concem basis. AS wtth all charitable organlsatlons, the Impact of Covid-19 has bean signtficant, and has resulied in reduc8d revenues. Th8 Irust88s are satisfied that the charity has the necessary resourcès in t8rms of incomings to meet plans and operational expenditure until at least 31 December 2024. The Iruste8s will continue to submit applic8tions to its funders for financial assistance beyond 31 December 2024 arKI hope that this assistance will be forthcoming together with a tum to historical op8rating levels in regard to th8 provision of dasses, prcMJrammes and calering. Th8 trust8e8, however, are not In a pOS10n to assess the avallable flnancial rèsourc8s ne¢ossary for the operatlon of the charity beyond th8 end of Its financial year to 31 D8C8mber 2024. Fund o¢¢ountlng Unrestricted funds are general funds which are available for use at the discretion of the Iruslees in further8n¢e of the general objectives of the charity. D851gnaled funds are unreslmcted funds of Ihe ¢trtty whlcn Ihe Ttee$ have declded at th81r dlscretlon to sel aslde for use for a specific purpose. Restricted funds are subjected to restrictions on their expenditu wnposed by the donor. The purposes and uses of the restricted funds are set oul in the notes to the financial ststements. Incomlng resources Income is recognlsed In th8 Statement of flnanclal athitles wh8n the charlty has entitlement to the fvnds, any performance conditions attached to the item(s) of Income have been met, it is probable that the income will be r8celved. and the amount can be quantlfi8d wlth reasonable ar. The followlng sp8clflc polldes are applied to particular categorles of income. -voluntary income is received by way of grants and donations and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific perfonnance by the charity. are recognised when the charity becomes unconditionally entitled to the grant. -Incomlng resources from grants. where related to perf0mnCe and specific deliverables, are accounted for as Ihe charity eams Ihe right to consideration by its perfonnance. io
DROMBOUGHIL COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 -Donated seIS arNJ facilities are recognis8d as income when the tharity has control over the item, any conditions associated with the donated itsm hav8 been met, the receipt of econornic benefft from the use by the chaTity of thg Item is probable and that economic benefrt can be measured reliably. The value of seN1$ provided by volunteers has not b88n induded in these financi81 statements, bui their COntritIon has been referred to in the trustees, annual r8POrt. 1.5 Resources expended Expenditure is regnIsed ¢Jnce there is a legal or constructive obligation to make a paym8ntto a third party. it is probable that settlement will be required, and the amount of the obligation can be measured feli8bly. Capital grnnts Capital grants are includ8d as incoming r8sourc8s bthen receivable and categorised within designate(I funds. Depreciation is subsequ8ntly charged against the fund each year equivalent to the rates on the relevant asset. 1.7 Stock stock is Induded al the lower of cost or net reallsable valu8. Donat8d tt8ms are recognlsed at falr value whlch is the amount the charlty would have been wllling to pay for the items on th8 Open market. Deblors Trade 8nd other debtors are re¢ognised at the settlement affunt due after any discount offered. 1.9 Cash and 5h equlvalents Cash and cash equivalents include cash and short tsmi hlghty Ilquld Investments with a short maturlty of thr88 months or less from th8 dat8 of acqulsitlon or openlng of the deposit or similar account. 1.10 Credltors and provlslons Creditors and provisions are cOgnised where the charity has 8 present obligation resulting from a past event that will prob8bly result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions a nomalty recognised al their settlement amount after allowing any trade discounts due. 1.11 Flnanclal Instruments Th8 charlty has no flnanclal Instwments other than Ihe baslc financlal Instruments. 1.12 Tanglblo fixed assets and depreclatlon Tangible fixed assets other than freehold land are ststed at $t less depreciation. Freehold land is ststed 81 cost. Depreciation is provided at rates calculated to write off the cost less estimated residual value of e8ch asset over ils &stimated useful Ilfe, as follows= Buildlngs Equipment and fumlture 1.13 Impalrniont of flxod assets At each reporting date, the Irustees review the carying amounts of its tsngible assets to datemine whether the is any indication that those assets have suffered an impaimient loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine Ihe extent of the impainn8nt loss. If any. 1.14 Crltlcal accountlng estlmates and Judgements In the applicalion of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about Ihe carying amounts of assets and liabilities that are nol readily apparent from other sources. Thè estimales and associaled assumptions are based on historical exp8rience and other factors that are considered lo be relevant. Actual results may differ from these estimates. 2% straight Ilna 20% slraight line The esllmates and undertw'ng assumptions are reviewed on an ongoing basls. Revislons to accounllng esbmates are recognised in the period in which the esbmate is rewsed where ihe revision affects only that period, or in Ihe period of the revision and future periods Whe the revision affects both cUrnt and future periods. 1.15 Taxallon The company is a charity and is recognised as such by HM Revenue and Customs under the charity tax reference XR80127. As a resuft, there is no liabdity to tsxaticfi on any of its income. li
DROMBOUGHIL COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 2 Income from donations Unrestrlctad Deslgnated Restricted Funds Funds Funds 2023 2023 2023 Total Funds 2023 Totsl Funds 2022 Donatlon8 and legacies Donations 501 501 136 Grants C.O.AS.T Activ8 Living Garfield Weston Causeway Coast and Glens Hellfax Foundatlon Natlonwlda Communlty Awards For All The Older PeoF4es' Fund HMRC: Job Retention Scheme Community Foundation CFNI Honourable Irish S(Kiety BBC CIN 500 500 7.208 2.727 7.397 7,208 2,727 7.397 2,500 4,000 5,000 10,000 5,000 1,427 1,427 16,732 1,083 18,552 16.732 1,083 16.552 501 53.626 54,127 26,636 The income from donaticffls and legacies in 2022 inGluded £26.500 from restricted funds and £136 from unrestricted funds. 3 Income Irom charltable actlvltles Unr¢$trfcted Dèslgnatsd Funds Funds 2023 2023 Rostrlctèd Funds 2023 Total Funds 2023 Total Funds 2022 Fundraising Aged to Perfection group Class8S 1.242 1,820 8.905 1.242 1,820 8.gos 790 1,898 5,266 11.967 11,967 7,954 The income generated from ¢h8ritsble activities was all unrestrFcted in 2022. 4 Income from other tradlng actlvmes Unregtrlctod Deslgnatod Funds Funds 2023 2023 Re•trlcted Funds 2023 Total Funds 2023 Total Funds 2022 Variety Crafts Calering and hire of hall Sundry 3.649 855 3,649 855 564 3,292 775 382 5,068 5.068 4,449 Th8 income generated from other trading activilies was all unrestricted in 2022. 12
DROMBOUGHIL COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 5 Costs dlroctly attributabh to charftabh activltle8 Unrestricted Designated Restrlctgd Funds Funds Funds 2023 2023 2023 Total Funds 2023 Total Funds 2022 Variety Craft eXnSeS Ag8d to Perf'on exp9nses Class8S.' tutors and matorials Fundralslng expenses Bank charges Insurdnce 4.703 94 4,703 2,650 14,542 58 2,193 2,537 5.237 160 2.556 14,149 393 120 1,442 1,442 900 1,246 640 Accountancy fees Sundry expenses Depreciabon Support costs (nots 6) 720 1,624 103 8.400 686 2,310 5,989 17.418 227 5,886 6,055 17,002 9.018 16,141 5.886 28.031 50.058 35,417 Expendiiuffj on ¢haritsble activities in 2022 included restricted £8,877 designated £5,886 and unrestricted £17,715. Support costs 2023 2022 Staff costs (note 7) Training Repairs and maintenanc8 Water rates Light and heat Telephone Postage, stationery and adv8rtK8ing Computer expenses 11,964 200 272 119 11,135 420 892 107 2,182 1,170 271 2,323 1,150 425 1,240 550 17,418 17,002
DROMBOUGHIL COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Staff costs 2023 2022 Salaries and wages Social secunty costs Pension costs 11.964 11,135 11.964 11,135 The average number of employees during the year on a full time equivalent basis was.. 2023 2022 Administrdtion and supFort There were no employees whose emoluments for the year were above £60,000. Trustees, remuneration and related party transactions None of the trustees received any remuneration or benefit during the year. There were no lated party transactions during the year. Tangible fixed assets Land and bulldlngs Equlpmenu Fumiture Total Cost At 1 January 2023 Additions 314.664 15,120 329,784 At 31 December 2023 314.664 15,120 329,784 Depreciation At 1 January 2023 77.212 14,843 92.055 Charge for the year 5.886 103 5,989 At 31 December 2023 83,098 14,946 98,044 Net book value At 31 Dember 2023 231.566 174 231,740 At 31 December 2022 237.452 277 237,729 14
DROMBOUGHIL COMMUNrrY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 10 Stocks 2023 2022 Craft items and texiiles 4.560 7,269 11 Debtors & prepayments 2022 2022 Grants Pr8paym8nt8 Hire of hall 21,168 625 400 40 21,168 1,065 12 Credltors falllng due wlthin one year 2023 2022 Creditors and accruals 988 963 988 963 13 Analys18 of net aisets botwoen funds Unrestrfcted Deslgnated Funds A•8et Fundi Restrl¢tsd Funds Total Funds Tanglble fixed assets Current assets Current liabltIeS 174 24.111 (988) 231,566 231,740 65,281 19881 41,170 17.139 231,566 41,170 296,033 14 Movement In funds At1Jan 2023 Incomlng rnsour¢e$ Outyolng resourc0• Transfers At 31 Dec 2023 Unrestricted funds Designated funds Restrfct8d funds 21.902 237,452 15.575 17.536 (16.141) (5.886) {28,031) 23.297 231,566 41,170 53.626 274.929 71,162 (50.058) 296,033 15
DROMBOUGHIL COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 15 General fund The Yree reserves- after alk)wino for all desionated funds. Designated property assets fund Purpos85 of designated fijnds 11 The Management Commrttee has designated a fund which reflects the net bo(* value of buildings on which grants have b88n r8C8ived. Restrlcted funds This represents grants received and receivable for SpefiC purposes which have not been expended at year end. 16 Contingent liabllitles Certain grants reIVed and receivable may become repayable to the fijnder rf the charity is no longer able to meet the Conditions under whith they were awarded. Due to the nature of these ntsngencies, it may not be possible to quantify the potential financial effect or give an indicakn.on of the b.ming as to the liabilities that may arise. 17 Financiavcapital Commilments The company had not entered into any finanaal or capiial comrnitments at yèar 8nd. 18 Legal slatus of the Charity The Charity is a company limited by guardnte8 and has no share capitd. Th8 Nabilty of each member In the 6venl of a w1ndInup Is limlted to £1. 16