Company Reglslradon No N1037395 NEWBUILDINGS COMMUNrrY AND ENVIRONMENTAL ASSOCIATION (A COMPANY LIMrrED BY GLIARANTEE) REPORT OF THE BOARD OF TRUSTEES & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019
NEWBUILDINGS COMMUNrrY AND ENVIRONMENTAL ASSOCIATION . (A COMPANY LIMITED BY GUARANTEE) Page ReFKrt of the Tntstees Independent Examinerf$ Report Statement of Financial Actsvrbes CinckKling Income ar Expenditure Accryjnt) Balance sheet Notes forning part of financial statemonts 8-17
NEWBUILDINGS COMMUNITY AND ENVIRONMENTAL ASSOCIATION (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2019 The Board of Tw5teo$ presents its reiyxt and financial statements fv the year ended 31 December 2019 whi¢h are also prepared to meet the requlrements for a Directors. Re[ and acctunts for Companies Act purposes. The trustees have adopted the provisions of the Cornpan Act 2006 and Accounting and Reporbng by Charities.. Statement of Re(>Jmmended Practice applicable to tharrttes preparing their accounts in accordan¢e wth the Finanoal Reporting Standard applicable in the UK and Republic of IrelarKI IFRS 102) leff8clNe 1 January 2015) - (Charities SORP {FRS 102)). in preparing the annual report and financial statements of tho thity. R•f•r•nu and Alknlnlstratlon Infonlwtion Charlty Name: Nevthildirys Commur and Envlronmental Assodatlon Charity RegistratKm NumLEr.' NIC101374 Company Registrat Number. N11737395 Registered Office: 4 tne8$de Road Newbuldings Londondery BT47 2QS Trustees Alw Fewn (Passed away 4 May 2020) David Ramsey Jayne Tayy David Ferguson Cham)aine Henry Diane Irn Gi1Sban A51en Ryan Mccready Graham Warke RayTnond Mitdm Carol Mcx)re Wendy McDermott {ppoinknJ 25 September 20191 (Appointed 25 Saptemb8r 20191 (Appointed 25 Septemb8r 20191 (Resigned 25 September 2019) (Resigned 25 September 2019) (Reslgned 25 Seplember 2019) (Resigned 25 September 20191 {Resigned 25 Septemb8r 20191 (Resigned 25 Septembor 20191 {Rosignéd 25 Sept8mber 20191 Tracèy S Paul Mlller Accountants Mccarthey & Co Chartered ACtntants & Registered Auditors Gr(Ng House 27 Hawkin Street - BT48 6RE Banke Fwst Tnjst 8ank Me8dowbank Strdnd R¢)ad LondorKle BT48 TfN
NEWBUILDINGS COMMUNITY AND ENVIRONMENTAL ASSOCIATION (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2019 (CONTINUED) Our OblectlY•$ and Actlvltl•s se$ and ams Compan$ obie¢ts are wifically restrKted to the folbing: To promote for the benefft of the inhabitants of Ne%uljIryJS arKI the district area of County Londondery aTrJ its enVircrf (hereinaftef Called. "area of ben> wthoui diStirlIan of age. sex."race, poliltcal, religious or other cynion. by assctialkng the statutory authoribes. Vontary oryanisations and inhabitsnts in a cJ)mmon 8ffort to advance education. to preserve and protect alth. to relVe povwty and sbckness. and to prowde facilities in the interests of Social welfare recreation or other leisure-time 0p8n wlth the ofyects of improving the condrth)ns d life fc the sakl inhabiiants. The group strives to impyove education levels by rnnthg o)wses e.g. Adult learn9. The t5sue cl sockql isola1p Is addressed by vafb)us groups e.g. Wcffnan's Group. Gardenfflg Project, Luncheon Club, Parent & Toddl8rs. To Improve health and welkbeirvJ the communty group provides classes and events e.g. Pilates. yoga, healthy eating. akohol awareness and health4are events. The group prowdes a weekly clbzen advice session and general job fiThJing assistsnce by provwjing support for creating Cvs and job searching. The communty ean attend th8 centre to make conts¢t wth kxal healih care professionals. The centre has available a large sports hall. 4G IcM)tt)altrpilth, as well as a number of rcM)ms IC other activitiel. The hall i8 used for sports. youth dub aThJ other QXmUnty events. The.4G Pltth 58 widely used. The Gommunity group regularty review the services they have available ar#J cxJntinUal s88k new opportunities to help thelr. ojmmunty. our delNers ow ains Our alms, obi8CtNes actNrbes are rewewed. monitored arKI assessed through our ongoing programme of wular committee meetings. Tr committee ensures adherence to the CharttVs Commission's general gullanc8 on public benefil In assesskng cg)mplance wÉlh slated alms arKI obiethes and in programming future activitses. The Gommlltee is m up of Indivi(ats wilhin the ststutory, buswiess, voluntary and communlty sectors. our Gharlty actlvllles d•lfv•r publk bgnefft W) use and benefrt from our servKes7 Newbuikjings Communlty EnNlronmental Ass(Kaalion rkS with all sectwjns of ommunitses inthdlng young chlldren. adults and senior cttszens. The bwefrts Tknich fknv frrxn Ir work ndude Improved education levels of all partiopants. improved heamh and wg11-being of all participants, thg reducti)n of social isolation within th8 communty and a greater sense OfbIng lo the c4)mmunity. The group runs three c$ M a weekty basis - JunvJrs meet twice a week, Int8mediates & Seniors three times a week. A variety of programmes are organised throughout the year. The Women's Group m86ts every Thursday moming ar¥J a Luncheon Club runs evory Friday provJing a mgallorsgnior Cllzens frfi th8 area and organislng a variety of aGvibes. There k% also a weekly Parent & Todd Group. We operate a Health and Wèrt-béing programme providlrKJ weekly adivrbes such as Pllates arKI Dan Classes. Our 4G pitch is uwd by many fojtball tbroughout tha.Council area. Thg also supports the various groups who regularty use our centre induding Nebuiklings Cricket Club. Newbuilding& United FootbaWClub anttNthuildings Amateur Boxing Club. The centre also used by thal churches, schoob. Ne)Ul1ngS Orange Lojge. Newbuldings HistorThl Society and on an ad hoc basis for agenues such as th8 local Council to host infomiation events. In setting our 0tiv85 and plannlrwj our acbvlbes for the year the Irustees have given careful consideration to th9 Charrty Commissp)n for Northem Ireland'5 guidance on public benefft to ensure thal the activit9 have hdF*d to athve Ihe chariWs purry)ses and providg a benefft to the benefKiaries.
NEWBUILDINGS COMMUNfiY AND ENVIRONMENTAL ASSOCIATION (ACOMPANY LIMITED BY GUARANTEE) REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2019 (CONTINUED) Achievements an miance Tho group were very pleased V4ith tho wltinued increased membershy across al Youth Clubs. Junlors. Inteediate$ and Seniors. Junior Youth Club cCe again had a very successftjl Summer Scheme. as well as an EA fvnded Youth Intervention Programme for Ihe Intemiediates & Seniors. These Fwgrammes agaln were very POPlay and in some cases OveUb$¢rib so therefore a "drop our was created so no one VKAJkl feel left out. The success of thgse summer pwogrammes resultod in an in(xeased membershp in all Youth Clubs. particulwly in the Intemlediates & Seniors. This surge in numbern meant that the Association needed to increaso the number of volunteers to cat for the-youth Clubs. Thankfully this need for volunteer5 was met by mernber5 of the communty. Th8 HAND ne is stll ongowig and slll woNides several during the year for tha participating gmups at Eglinton. Claudy, Lea(hunt, Lettershandoney. Strathfoyle and Nethildings.. The CHILD praMMe expanded their programme in 2019 and provKled worksh(ys such as Me55y Play. Baby Massage and personal devek)pment progrmes to the community as V4pII as wpils frcm the tsvo local schools. The W(0n,$ Group c4)ntinued their partnetsh wilh The Watersmje Wcrfnen's Centr8 and attenLd a number of events together. Ther membership sees an inuease in 2019. In addition to preparing a meal fcy up to 35 ohjer people from the surrounding area the Luncheon Club has organised programmes on topical issues for okler pwl8 suth as home safèty. cflme Fevention, nutrthon... depressknn awareness and managirKJ medication as well as running vark#Js trips and other activilies. Flnancial Revlew The charity continues to rdy principally upon grdnt fundlng aThJ donalv)ns. The rnmmrte has managed to secure IlIng from th8 Educath)n AUlty. Westem Health and Social Care Trust. Derry Cty and Strabano Dlstrict Council. Rur81 kna Partnotship li Derry Ltd and DAERA. The charfty.Akn eams inrne from Overall Income has decreased slighuy in ¢onparison with the prevbws year vrith a decrease of £8k. The charity has been successfut in replaang any funding vthich was Th)t conllnued from the prewous year wllh" allemative funding. Expenditure charitable activities has increased by almost £6k malnly due to additlonal expgndiiufa on Wages arnl Salaries in the yBar. Inv Aside from rètaining a Pfudonl amount of reserves eath per most of the tharws furbts are to be spent in the short tenn so there ale few funds for k)ng terrn investment. ReseNes Pol. Thg Trustees have examined the chartys requKements for reserves In Ilght of tha main rtsks to Ihe organisation. The reserves are needed to meet the w(YkirMJ capital requirements of the charity. The long 18mi strategy Is to ¢CtInUe to bu resms through planned operating surpluses. In the short temi the Trustees have also ¢onskdered the extent to which existsng activttses and expendlture coukl be curtailed, should such circumstances arise. Al the year end the charity has £54,516 of unrestricte(l T8serv8s and £710,096 of restrlLted rBsepM.
NEWBUILDINGS COMMUNrrY AND ENVIRONMENTAL ASSOCIATION (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2019 (CONTINUED) Plans for th• future The charity plans to ¢ctinUe with the Fv0ViOn of the existing range of facilitles arld projects. sel out above. In fortlKoming p8rv>Js, sutyeci to marntainti onoing fundirvJ arrang8ments. Strucluro gov•manc• and m•naym•nt Govemin document The organisation is a charitable company limited by guarantee incorporated on 17 November 1999. The company was eytablished urKler a Memorandum of Association and is governed by its Artide5 of Association. Membels alty in the event of the company behYJ IM)u1 up Is knilted to £1. Recruitment aTrJ a Inlment of mana ement o)mmittee The directrKS of the company are also charity trustees for the purposes of Chaiity Law. Under the requirements of the Memorandum and Articles of Association director5 are elected at an Annual General ' Meeting from amongst those persons nominatèj by the Ordinary Members. The directors have the power at any time to appnI any person to be a dTrrector. either to fill a casual vacancy or as an addltion to the existing direthors. Any director so apwnted serves onty until the next knnual General Meetlng at whkh directors are to be elected and are the eligible for redectKM. A retirw direct(x el3ible for re-ele. R•sponslbllltl•s of tho Board of Trustees coMnY law requires Ihe Trustees to prepare finanoal ststoments for each financial period give true and fair vlew of the state of the affairs of the charitable company as at th8 balance sheet date and of its ncoming resources and appIcan of resources. YKluding wbcome and expenditure, for the financlal perlod. In prepadng those flnaThSal 8tatements, Ihe management cxjmmittee sIld folbw best practlce and: $eknl $table a(xUntlng policies ar thon apF4y them consist. ob8eNe the methods and Fyincples in the Charili8s SORP.. make judgements arbj estimates that are reasonab and pntht: state vthether appkable UK Accountlng Standards have been followed, subject to any material departures disck)sed arKI exptsined in the financial statements: and prepare the finanual statements on the going concem basi$ unless it 18 not approptsts to assume that the rnPany 11 c£ntinue on Ihat basis. The Trust8es are re$Fbla for maintain1 acntIng records vthlch disclose V•ith reasonable aracY at any time the financtal positson of the ¢harttable rnpanY ar to enable them to ensure that the financial statements comply wNh the Companps Aci 2006. The Trustees are also responsible for safeguarding the assets of trta tharitable company and hen for taking reasonabbe steps for the prevention and detectTh of fraud and olher irregularities. This repryt has been prepared In aCIrdae with the Statement of ReCended Pracuce applicable to charibes preparing their accounts in a¢eordanc the Financial ReFX)rting Standard applicable In the UK and Republlc of Ireland (FRS 102) (effective 1 January 2015) and in accordance wlth the special provisions of Part 15 of th8 Companles Act 2006 relating to small enliU8S. Approveil by the Board of Trustees w ...Jdkny.AO.I.Q and swJned on Its tthaN by. Diane Irwin TSlee
NEWBUILDINGS COMMUNITY AND ENVIRONMENTAL ASSOCIATION (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF NEWBUILDINGS COMMUNITY AND ENVIRONMENTAL ASSOCIATION ON THE UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019 We reFYt on the financial statements rA Nevthilldtngs Comrnurmty and Environmental Assoaatwjn ts the ar ended 31 December 2019 comprise the Stslement of Financial Act[lIeS lincludirMJ Income and Expenditure Account). the Balance Sheet and the related notes. These financial statements have been prepared under the historical cost convention and the accounting FKllcies set out on pages 8 to 10. Rospecove responsibllltles of tho chartty trust8•s and the IrKlewndent Examlner As tti& charitys trustees (and also the directors of thé ¢¢xnpany for Ihe purFrf)ses of rnFnpany law) you are responsible for the preparalion of ts accounts in a¢¢onlancE Ihe requirements of the Companies Act 2006. Having satisfied ourselves that the charity is not SUbit to audil under company law. and is eligible foi independent examination. li is Ouf responsibilty to: examine the accounts under Sect) 65 of the Charities A¢ follow the procedures lald down in the genal DiTedion$ given by the Charity CommiSs)n for Northem IrelaThl under sectKJn 65(9Xb) of the char8$ kt state vthether partkJJl8r matter5 have cme to our attentw)n. Basls of Independent Examlnerfs Roport We have examined your chwity 0nts as rewired under section 65 of the Chariti8s Act and tyjr examination was carrled out in a(rdan with the gen&al Dlrections given by the Charity CommissJn for Northem Ireland under sfjct 6S(gXbl of the Charibes ACL The &InatiOn included a review of the nng reCS kept by the charity and a c(Thparison of the accounts presented with those rewrds. It also Incded ct)nsideration of any unusual items disdosures in the aCtnts, and seeklng explanats'ons frc¥n YDU as charity trustees concerning any such matters. Our role Is to state whgther any matwial matters have c(rfne to our attentiC gfvln9 us wse to boli¢ve: 1. That accountiThJ r¢¢ords wern not ke0 in a(Xthan wth section 386 of the Companies Act 21)06. 2. That the accounts do not accord ryth those accounting recordL 3. That the accounts do Tr)t comFty with the accounting requirements of the sect)n 396 of the Companies Ad 2006 arnl v4ith the meth¢>Js and wlnclples of the Chartlles Statement of Recommended Practice applicable to charities preparing their accounts in accordance With the Financial Reporttng Standard applioble in Ihe UK and Republ of Ireland. 4. That there is fwlher informatM)n needed for a tKoper undetslanding of the ac(x)unts to be reached. Indepgndont Examln•V• Statement Wa have c(Mnpleted our examination ar¥J have no concems in respect of the maltars (11 to {41 listed above and. in conneclion wtih fc41owing thè Directions of the Charity Commission for Northam Ireland, VOP have found matter5 th requi dming to y*Jur attenlion. McCartn8y and Co. JULY aolo Chartered ACnthnts Grov8 House 27 awkIn Street Londonderry BT48 6RE
NEWBUILDINGS COMMUNITY AND ENVIRONMENTAL ASSOCIATION (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER2019 UnreslrfGted R•strlcted Funds Funds 2019 2019 Total Funds 2019 Tolal Fund8 2018 lThcorn• and end¢)wments from: Donations and legacies Charitable adNities InK+estments 3273 23.797 12,675 3,273 132,647 12,675 2,637 139.004 15.263 108.850 Total Incomo 39.745 108.850 148,595 156.904 Expondlture on: Charitabl8 a¢tivilles Invesbnent management costs 30.773 9.686 119.507 150,280 9.686 146,761 7,303 Totsl w>endlturg 40.459 119,507 159.966 154.064 Net gainsl(108sesl on investments Net Incom•l(•xpendlturn) (714) (10.657) (11,371) Transfers bets¥een funds Net movement In fund# <714) {10.657) (11,371) Re¢onclllatlon of funds Totsl funds brought forward 55,230 720.753 T75,983 773,143 Totsl funds Carr1 fvrwanl 54,516 710.0 764,612 775,983 The ststement of financial athl1 IrdeS au gains and losses in the yew. All Income and èxpenditure derive from contlnuing activits.
NEWBUILDINGS COMMUNITY AND ENVIRONMENTAL ASSOCIATION (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AS AT 31 DECEMBER 2019 2019 2018 Flxod •ss•ts Tangible assets Invesknent properties 10 11 513.858 524,138 753,858 764,138 Current assets Debtors Cash at bank and in hand Total current assets 12 8.075 11.374 41.822 45.041 Liabilllios Creditors: Amounts falllng due vrithin one ye 13 Net currwrt Se161{11abIIIt1Os} Tolal assots 1¢$$ current Ilabllftles 764.612 775.983 Net Assets 764,612 775,983 The funds of the charlty Deslgnated fuThJs Unrestricted fvnds Restricted in(y)me fvnds 14115 22,835 31,681 710,096 22,835 32,395 720.753 764.612 775.983 For the fInCIal year ended 31 Dember 2019. the fAYnpany vra5 entidod to exeffin under sectlon 477 of the Companies Act 2CKJ6 l811rj to 8m811 cornpanies. The members have not required the company to obtain an aft of its accounts for the yEar in question in accordance with Section 476. The directors a¢knOedge thelr responsibilllles for ensuriThJ Ihat the ttjmpany keeps accounung records which c(Knply wth sectton 386 of the Companies kl 21J)6 and for prepariNJ fman(aal statem8nts whtch give a trt and fair vlow of the state ¢)f affairs of the (panY as at the end of the financtal aT and of its profrt or lo for the finanoal ar in accordan¢o Wtlh Ihe requirements of sections 394 and 395 and otherwise ccrfnply wrth the requIremts of the Companies Act 2(Th Trlatlng to accounts. so far as applble to the company. These finaal statemonts have been prepared in aca)rdan¢a *tylh the pro¥isior6 aObcable trJ oy)mpanles subject to th• small companies. regin8. The accounts were approved and aulhorised for issue by the Board of Trustees on f Jo:.y.?O.l¢and signed on their behalf by: Diane Irmna 10Tr4 TNstee TnvJteo Companles Reglstratlon No. NKI37395
NEWBUILDINGS COMMUNrrY AND ENVIRONMENTAL ASSOCIATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019 AGGountln9 pollcles The financial statgments are pPared in accordance vth Accounting and ReF4Yttng by Charrties: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Finanryal Reporting Standard appIable in the UK and RepubTr of Ireland IFRS 102) (effectNe 1 January 2015)- (Chaiities SORP (FRS 1021), the Financial Reporling Standard applicable in the UK and Reputlic of Ireland IFRS 102} and the Companies Act 2006. The financial statements are prepwed In sterfing. which is th8 funct8[ CuenCY of the Company. Monetary amounts in these finanoal Statements are rouThJed to the rareSt £. The following are the main accountirwJ P¢4)eS. The acc4yJnting pokies have been applied cOnSt8n1fy throughout perN)d. (al Basis of accountlng and ass•ssmont of golng concern The ats have been prepared urKler the historical ojst basis. as modified by the revaluation of investrnent properties measured at fair value thrwh income or expenditur8. Nevkniildings Communty and Environmental meets the definition of a public benefft entity under FRS 102. In Mah 2020. due to the Covid19 Nirus Netuildings Communlty and Envin)nmentsl Assoclation dosed tr centre on instruction frr¥n Dery Cty and Str8bane District Council. All youth adivities were suspended a1 the 4G and F1blI facilitss were Suspended and the 4 rental businesses also closed their dcKxs. Due to these ck)sures the charity suffered a k)ss of income frcffi Youth dub admissions, 4G pitch Rental. Football dub rental arKI rentals from the buwess w0part as 11 as some rrMn hire Income. On a positive note the tharity was able to prowde lulfy funded Community services fvnded by Educatton Authority. Dery Clty and Strabane District C(wJncAI. Westem Trust and Community fndal. The tharity fcKJ and care packag6s to the local communty. Th8 trustees have taken th8 above rnatt¢rs into c4)nsKleration in Iheir assessment of going (x)ncem and have ¢ClUded that the charity has sufficient funds to continue in operation and that there are no matsrfal lrtaInl188 atrf)ut the thartys at4lity to continue as a golng ¢JJncem. The Ch has takgn advantage of the exgmption in FRS 102 frcffl the rgquirom8nt tr> prothjce a h fb)w staternent as th& Lxmnpany qualifies a5 a small ts)mpany. (b) Fund accounllng Unrestdcted funds are donalKJns and other Norning resources received or g8nerated vthich are expendable at the discretion of Ihe trustees in furtherance of the general objectives of the chanty. Designated fvnds are unrestricted fvnds set asAJe by the trustees out of unrestricied funds for speafic fubjre purFX)ses. Restricted fLuKls are subjected to restrithns on expgrKlibJre Imposed by the dor. {¢) Income rocognftlon All incomlng resources are Ind in the ststement of financial actrvities when the charity is legally entit18d lo the in¢J)me and the amount can b8 quantlfied wryth reasonable ttturacy. The follong specific polirAes are applied to particuiar categorie5 of income. Voluntary income is receN8d by way of grants and donations and is included in full in the Statem¢nt of Financial Activrbes vth8n reNable. Grants, where entitlement not conditional on the délivery of 8 specrfic perfomance by tha tharity. are reCniSed when the charity becomes UrKonditia1IY entitled to the grant.
NEWBUILDINGS COMMUNrrY AND ENVIRONMENTAL ASSOCIATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2019 Incoming resources from grants, vthere relatèj to perfomiance and SpefiC deliverables, are accounted for as the charity earns the right to consideration by tts perfomianc. Donated services and facilities are induded at the value to the dwrity vthere thls can be quantlfied. In accordance with Charities SORP {FRS 102), general volunteer time is not recognised. (d) Exp•ndlture recognftlon AII &xp8nditure 1$ recognised on an actrual basis as a Ikqbilty is incuTred arKI Is dassrfd under headings that aggregate all cost rekted to the catew. Expendiiure on charitabl8 activities are Costs Incurred on the cOmpanS charitable operations uding support costs and costs relatiRg to the gjvemance of the company apwytioned to dWfjtsb activities. (•) Valu• Add•d Tax VAT Whe retknverable has been excknled frcffn these financial $Tatements. Irre¥Brable VAT is charged against the eXp1e heading fof thith it was inrred. In Gran1# Revenue grants are credited to incomiw resources on the earfler date of véhen th8y are received or when they are receivable. unless they relate to a speafied future period. in which case they are deferred. Grants for the puryx)se of ca1 exdIture are credite(I to restr tn¢omirKJ resource8 when receNabl8. transferred to restrb¢ted funds on Ihe purchase of thg awt aThJ then releaseo to unrestricted funds over the fyLated assefs useful fjfe. Ig) Tanglble fixed assets and d•preclatlon Tanglble fixed assets are stated at cost less thpreraation. Defftath)n is Fffovided at rates cakulated to write off thè (91 less estlmated r85Klual value of assot Iwr expthd usefvl Ilfe. as folkiws: Freehold land and buikJirvJs Office fvrnlre arKi fittllS 2% straoqht Ine 20% Straight line (h) Investment propertles Investsnent proFerty, is property hehj to eam rw)tsls andlor for capital aFpre¢lafjon, k8 intbally valued al cost and subsequenlly measured using the fair value model and stated at Fts falr value at tho roporting end date. Th8 sufFAus or defKit on revalualioft i8 reLYwised in th8 profft and loss accounL (l) Deblor# Debtors and accrued irtome are rgcognisad at the settl8mont amount due after any discount offered. Prepaents arp vdu•J at the amount prepaid net OT any discounts due. Ul Cash at bank and In hand Cash at bank and cash in hand incIe5 cash and short temi highty Iquid investments with a sh(Kt maturity of three months or less frcffi the date of ac4uisth or openlng of the deposit or similar acc4)unt. (k) Crgdltors and provi¥ions Credrtors and provisions are re¢c3nised wherÈ the charlty has a present obllgation resuttlng from a past event that will probably resur( in the transfer of funds to a third party and the amount due to setlle the oblytion can b8 measured or estimated I18bty. Credltors and provis1c ar8 normal recryjnised at thelr settlement amount after allowing fry any trade discounts 0.
NEWBUILDINGS COMMUNrrY AND ENVIRONMENTAL ASSOCIATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER2019 {11 Judgements and k•y sour¢as of •stlmale uncgrtainty There are no items of uncertainty requiring the exercise of jurfgement {m) FIDanclal Instruments The charity onty has financial assets aThJ finarwl liabilities of a kiThJ that qualty as bas fmanctal instruments. Bas financlal instruments are InallY recognised at transactbjn value and Subsequentty measured at their settlwnent value with the exception of bank l¢)ans which ar8 subsequendy moasur8d at amSed costusing the effeL#ive int8resl mothod. (n) Penslons Employees of the tharity a entbtled to join a defined contribution scherne. There were no outstanding contributi5 at the year eTrJ. The costs of the defined contribution s¢heme are charged to the unrestricted fvnds of the charity. The chaiity has no liability beyond making its ntributions and paying acr(¥ss the deducts(ms for the ompbjyte's contributK)ns. l Donat10 and l•gacloS Total 201B 2019 Donatlons 3.273 3,273 2.637 3. Charhble actlvltles - InGome Tolal 2019 Total 2018 Entrance F•es 23.797 23,797 23,013 Grants Dwry Cty & Strabane Distrid Co Rural Area Partnersh in Oery Lld UL8ter Scots A4ency Western Heath and Social Care Trust 12.150 12.150 5.960 15.127 7.230 1,750 5.824 74,903 5,970 81.070 5.970 81.070 CLEAR Department for communities DAERA Foyle Communty WO Programme Hallfax 3222 903 6,232 33XI io
NEWBUILDINGS COMMUNITY AND ENVIRONMENTAL ASSOCIATION (A COMPANY LIMrrED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2019 4. Inveslment Income Unrostrlctod R8strlct•d Total 2019 Total 2018 Rent 12.675 12.675 15,263 Charllablo Actlvltles . Expondlture Total 2019 Total 2018 Charltabh actlvltles Acliwties expenditure 12,492 14,867 27.359 27,682 Support costs allocated to Jdivill•s Wages and salaries Rates InsuFance Ught & heat Repairs & maintenance Sofhvare ¢osts Printing. postage & stationery Telephone Travel 2.9)7 70.606 1.896 4.176 8.578 1(j 73.513 1.896 4.176 10,230 7.681 158 518 1.531 199 301 65.984 2.088 4.074 7.513 7,740 1.652 7,581 1S8 150 1.231 1.613 199 301 Legal & Professn81 Bank charges & lnte.regt Sundry expenses Depreciation A¢¢ounlancy fees 8,195 876 1.164 17,243 327 18.634 18.961 Investment managem•rrt ¢osts. Expendlturo Total 2019 Total 2018 Manag•ment costs allocated to InVlments Rates Insurance Light & heat Repairs & malntenance Bank charges Legal & Professh)nal 4.308 1.366 828 1,225 67 1,526- .308 1,366 828 1.225 67 1.s26 366 3.028 364 2.184 112 749. li
NEWBUILDINGS COMMUNITY AND ENVIRONMENTAL ASSOCIATION (ACOMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2019 7. Analysls of staff costs and remuneration of k•y management personn•l The staff costs Gompfise: 2019 2018 Wages and salaries EMQYO$ pensbn costs 71,901 65.117 No emph)yee received emFAoyee beneffts of more than £60,(KKI in either Yr. The average number of empktryees dwing the ytar was 6 {2018: 7) all employee time Invofved In providing eilher support to the governance of the charity rA supwt services to charitable activltles. There are a number of w)lunteers vtho assist with the varbxts aclÉvitfjes. 2019 2018 Key management personnel Temuneralion 30,861 18.540 All emtAoyee lime was invofved in wovvjiry eiuw sUppt to the govemance of th8 charity or 5UPPOrt seNces to tharllable activit. The charity made £1.612 of c4)ntributior* to tha defkned contributh)n penslon scheme cn behalf of employees in.the year (2018: £867). 8. Trustees. expenses and reMuOn and relat•d party tr•nsaGtlons The trustees all give freety th¢ir tlm8 and exwtisa as member5 of the Boaftl of Trustees wrthoui ary lo of remuneratKin (other than as descrknd atYJve) or other benefft in cash or kind (2018: £NIL}. No tw$tees received ex[Se$ in the year (2018: £NIL). No trustee or other person related to the Charity had any personal interest li any contract or transaction entered Into by the Charity during the Per (2018: NIL). 9. Taxatlon As a Chaty. NewbuFAlings Communty arKI En¥trMents1 Asso¢iatwJn is exempt from tsx on income arKI galns falling within Section 505 of thé Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable rt4'ects. No tax charg88 have awn in Ihe Charity. l2
NEWBUILDINGS COMMUNITY AND ENVIRONMENTAL ASSOCIATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2019 10. Tanglble Flx•d Assets Land and bulldlngs Offlc• furniturn nd fftlings Totsl C08t At 1 January 2019 Addilions Disp)sals At 31 December2019 804.477 115,323 8.681 919,800 8,681 928 481 Deprnciatlon Al 1 January 2019 Charge the year Al 31 December 2019 285,734 109.928 395,662 414 623 Net book value At 31 December 2019 At 31 December 2018 11. Investsnent pr¢)perty 2019 At 1 January 2019 Llisposa15 Net gains or h)sses through fair ¥ae adjuslments At 31 December 2019 240,000 Nel book value At 31 December 2019 Al 31 December2018 Investment propgty comprtses unlts at Vthria Road. The fair Wdlue of the PrOpty has bgen based on valuation at open market value by Paul O'Keefe IPAV on 18 May 2017 who Is ind&pendent of the charity. The truste8s are of th8 ¥iew that thlueWets fak value at 3A" t)ecemb8r 2019. 13
NEWBUILDINGS COMMUNITY AND ENVIRONMENTAL ASSOCIATION (A COMPANY LIMrrED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2019 12. D•btors 2019 2018 Trade debtors Grants due from funders Other debtcrfs 3.027 3,297 7.713 364 364 13. Cr•dltors falllng du¢ wlthln one year 2019 2018 Trade cTrdiiors TaxatM)n and soclal security AccNals and deferred In 24.046 712 28,465 422 14. Analysls of not assots botwwn fvnds Unrestrlcted Funds R•strfcted Funds Tt)tal Fund8 Flxed assets 509,302 185.989 23.457 18.652) 513.858 240,000 41.822 131.C68) 54,011 18.365 {22,416) Current assets Current Uabllltles Net Assets as at 31 Decemiw 2019 54,516 710.096 764,612 14
NEWBUILDINGS COMMUNITY AND ENVIRONMENTAL ASSOCIATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 31 DECEMBER 2019 15. Anatysls of charltabk funds At01 At31 January Incomlng Outgoing D•cember 2019 Rgsourcos Resourc•s 2019 Designated funds 22,835 22,835 Unrestricted funds 32.395 19,745 (40,459) 31.681 Restricted funds: Land & buikJing$ furxled by governmt grants Invesbnent Property by go¥emment grants Derry City & Strabane Dk4trirt COW11 Rural Area Partnershp in Dery Ltd Westem Education arvj Library Board Ulster Scots Agency Westem Health and &Kial Care Tntst Education Auththity Westem Reglon CLEAR Pr4eci Department for o)mmunili8S DAERA Hallfax 515.176 (16,09)) 499.086 185.989 185.989 12,150 (12.150) {5,960} (461) 573 112 5.970 81,070 (5,9701 {74.395} 1200) 1600} (181) (3.5001 15,509 22,184 2.603 9)3 2.003 722 .Total Funds 775.983 148,595 (159.966) T64,612 Purpos•s ol Unr•strlGted Funds The unrestri¢t8d fund8 will be used for running o>sts for wthich Tr) other funding 15 rgcèNed. Purposes ol Restrlcted Funds . R8Stricted fiJnds of £499.086 relate$ to the net book value of the elernent of the construction cost of bulldlngs and changing facillties whkh were funded by govemmenl grants. These are beM)g dèpreaated ov9r the life of the asset. Restricted funds 01 £185.989 r8L9tes to ts element oftt cost of th8 investrnent prowty vthich was furKlod by govemment grants. Restricted funds of £112 in relation to the Westem Edu(icm and Llypry Board relate to the net book value ot fixed assets fijnded by them. Re$tricte(i fvnds of £2,003 in relatlon to Deparknent fly communilies relate to th8 net book value of fixed asgets funded by them. R•strlcted fund$ of £722 in relation to OAERA relate to the net book value of fixed assets lund&J bythem. R$strkted funds of £22.184 in relation to the Education Authority repr9nts fijnds recelved from them to fijnd salaries in January- March 2020 and th8 rt b( Value of assets funded by tham. 15
NEWBUILDINGS COMMUNITY AND ENVIRONMENTAL ASSOCIATION (ACOMPANY LIMITED BY GUARANTEE> NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2019 16. Analysls of charltable fvnds - pr0vIou¥ ygar At01 January At31 Outgolng December 2018 Incomlng Designated funds 22,835 22,835 Unresthct8d funds 31,048 40,913 {39.566} 32.395 Rests4Cted funds: Land & bulbjlngs funded by goverrffiw)t grants Investrnent Pr(4)erty funded by govemmrt grants Dery City & Strabane Dk%trict Counol Rural Area Partnership wi Derry Ltd Westem Education arKJ Library Board Ulster Swts Agency Westem Heath and Soclal Care rTht Education Authority Westem Region Shared Fuiures CLEAR Project Depaftsnent for (wmunlues DAERA $31,175 (15,999) 515,176 185.989 185,989 15.127 7.230 (15,127) (8,292) 14611 {1.7501 (5.8241 (59,394) (6.232) (800) 16191 1.12 573 1.750 5.824 74.903 6.232 15.$09 2.603 903 903 Total Funds 773.143 156. (154,064) 775.983 17. Legal slatus of the Charlty NewbuFldlng5 Communty and Environmental Associatwjn is a Company limbted by guarantee and accx)rdingly does not have a share pItal. The Ll)mpany is domitsled and inccvporatèd in Northem Ireland. The registered offK8 4 DUrstle Road. NeWlkI1j$, L¢)ndondery. BT47 2QS. 18. Post balance shoet ovents In March 2020 due to the COd19 virus Nel)uli dings Community and Environmental Atss0uatn ck>sed the centre on instruction trom Dery Cty and Strabane District Coundl. The implicatons of this are set out In tha going concam assessmont In fr)te 1 tr) fin8n(aal statéménts. 19. Flnanclal Commitments The company had noi entered into any finartial or capital o)mmifments at the year end. l6
NEWBUILDINGS COMMUNITY AND ENVIRONMENTAL ASSOCIATION (ACOMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER2019 20. Financlal Instrumonts 2019 2018 Carrying amount of Ilnan¢i•l assets Debt instruments measured at amor11 o)st Carrylng amount of Ilnanclalllabllltles Measured at amortisgd cost Financlal assets measured at amorlised cost comprise trade debt0 cash and cash - equivabnts. Fknancial liabilities measured * amc#tsed cost compl trade c¥editors. ott)er loans and accruals. 17