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2023-12-31-annual-return

Docusign Envelope ID: 297B6132-A06F-4B1E-B620-50866C88C14F

Charity registration number 101374

Company registration number NI037395 (Northern Ireland)

NEWBUILDINGS COMMUNITY & ENVIRONMENTAL ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Docusign Envelope ID: 297B6132-A06F-4B1E-B620-50866C88C14F

NEWBUILDINGS COMMUNITY & ENVIRONMENTAL ASSOCIATION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Angela Robb Gordon Moore David Ferguson Thomas Wray Gary Wilkinson (Appointed 20 December 2023) Steven White (Appointed 11 June 2024) Secretary Angela Robb Charity number 101374 Company number NI037395 Registered office 4 Duncastle Road Newbuildings Londonderry BT47 2QS Independent examiner PFS & Partners 16 Main Street Limavady BT49 0EU Bankers AIB Meadowbank Strand Road Londonderry BT48 7TN

Docusign Envelope ID: 297B6132-A06F-4B1E-B620-50866C88C14F

NEWBUILDINGS COMMUNITY & ENVIRONMENTAL ASSOCIATION

CONTENTS

Page
Trustees' report 1 - 2
Independent examiner's report 3
Statement of financial activities 4
Balance sheet 5
Notes to the financial statements 6 - 15

Docusign Envelope ID: 297B6132-A06F-4B1E-B620-50866C88C14F

NEWBUILDINGS COMMUNITY & ENVIRONMENTAL ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees present their annual report and financial statements for the year ended 31 December 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

In setting our objectives and planning our activities the trustees have given consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that our activities have helped to achieve the aims and purposes of the charity.

The main activities of the company are to promote and help maintain the health and wellbeing of all those who live in the village of Newbuildings and the district area of County Londonderry without distinction of age, sex, race, political, religious or other opinion. Our public benefit is provided by ensuring that the activities are run for little or no contribution from the participants so as to ensure there is no financial barrier to accessing the services provided which improve the health and wellbeing of all participants, reduce social isolation, help to improve education levels and bring about a better sense of togetherness in the community.

Newbuildings Community and Environmental Association works alongside statutory authorities, voluntary organisations and with the support of local residents to promote good health and relieve poverty and sickness. The centre as a hub provides facilities to enhance social welfare, recreation, education, training and other leisure time occupation.

Achievements and performance

Newbuildings Community and Environmental Association provides a range of activities to promote health and wellbeing for all ages.

There is a large youth provision which runs over 4 evenings per week covering Juniors from 4 to 9 years of age, Intermediates from 10 to 14 years of age and Seniors from 15 to 18 years of age, with a full programme of activity and skills learning. The centre has a large gym and hall which accomodates indoor football, badminton and cricket. It can also be used for social activities such as birthday parties. Other rooms within the centre are used for Scottish dancing, Pilates, Mini movers (2-4 years), Health visit clinic, Little mess, Little glow and Dove house advice clinic. There is also a computer suite used to meet educational needs for learning new skills required to improve work opportunities.

In the centre, we have a women's group who play bingo, bowling, take part in arts and crafts classes which include pebble art and flower arranging. Following this we have a weekly luncheon club where they come along and get a dinner and pudding. The centre runs Pilates, armchair aerobics, yoga, air fryer and slow cooker classes. Friendship group continues to meet on a Tuesday morning for those who may feel socially isolated and want to chat with other people, this includes knitting and crocheting.

The centre is open 6 days a week so we can offer a safe and warm place for people to drop in. Also, the centre continues to have sporting links to Newbuildings Football Club, Newbuildings Cricket Club and Boxing Club.

Financial review

Newbuildings Community and Environmental Association continues to rely principally upon grant funding and donations. The committee has managed to secure funding from the Education Authority, Western Health and Social Care Trust, Derry City and Strabane District Council, Rural Area Partnership in Derry Ltd, Eglinton Community, Waterside Neighbourhood Partnership and Claudy Rural Development. The charity also earns income from entrance fees, donations from top up meters and rental income from its investment property. The trustees expect the organisation to remain sustainable and fulfil its charitable purposes.

Docusign Envelope ID: 297B6132-A06F-4B1E-B620-50866C88C14F

NEWBUILDINGS COMMUNITY & ENVIRONMENTAL ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Structure, governance and management

The charity is a company limited by guarantee having no share capital.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Angela Robb Gordon Moore David Ferguson Ryan McCready (Resigned 24 January 2024) Thomas Wray Raymond Mitchell (Resigned 20 December 2023) Gary Wilkinson (Appointed 20 December 2023) Steven White (Appointed 11 June 2024)

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The trustees' report was approved by the Board of Trustees.

Angela Robb Trustee

Gordon Moore Trustee

16 September 2024

Docusign Envelope ID: 297B6132-A06F-4B1E-B620-50866C88C14F

NEWBUILDINGS COMMUNITY & ENVIRONMENTAL ASSOCIATION

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF NEWBUILDINGS COMMUNITY & ENVIRONMENTAL ASSOCIATION

I report to the trustees on my examination of the financial statements of Newbuildings Community & Environmental Association (the charity) for the year ended 31 December 2023.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 65 of the Charities Act (Northern Ireland) 2008 (the 2008 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the 2008 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

PFS & Partners

16 Main Street Limavady BT49 0EU

Dated: 16 September 2024

Docusign Envelope ID: 297B6132-A06F-4B1E-B620-50866C88C14F

NEWBUILDINGS COMMUNITY & ENVIRONMENTAL ASSOCIATION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2023

Unrestricted
Restricted
funds
funds
2023
2023
Notes
£
£
Income from:
Donations and legacies
3
32,978
115,481
Investments
4
15,637
-
Total income
48,615
115,481
Expenditure on:
Investment
management costs
5
8,250
-
Charitable activities
6
47,521
132,364
Total expenditure
55,771
132,364
Net expenditure and
movement in funds
(7,156)
(16,883)
Reconciliation of funds:
Fund balances at 1 January
2023
87,292
640,868
Fund balances at 31
December 2023
80,136
623,985		 Total
Unrestricted
Restricted
funds
funds
2023
2022
2022
£
£
£
148,459
21,805
153,421
15,637
19,549
-
164,096
41,354
153,421
8,250
11,114
-
179,885
35,672
208,254
188,135
46,786
208,254
(24,039)
(5,432)
(54,833)
728,160
92,724
695,701
704,121
87,292
640,868		 Total
2022
£
175,226
19,549
194,775
11,114
243,926
255,040
(60,265)
788,425
728,160

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

Docusign Envelope ID: 297B6132-A06F-4B1E-B620-50866C88C14F

NEWBUILDINGS COMMUNITY & ENVIRONMENTAL ASSOCIATION

BALANCE SHEET

AS AT 31 DECEMBER 2023

Notes
Fixed assets
Tangible assets
12
Investment property
13
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within
one year
15
Net current assets
Total assets less current liabilities
Net assets excluding pension liability
The funds of the charity
Restricted income funds
17
Unrestricted funds		 2023
£
998
32,137
33,135
(11,733)		 £
442,719
240,000
682,719
21,402
704,121
704,121
623,985
80,136
704,121		 2022
£
1,065
49,050
50,115
(21,234)		 £
459,279
240,000
699,279
28,881
728,160
728,160
640,868
87,292
728,160

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2023.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 16 September 2024

Angela Robb Gordon Moore
Trustee Trustee

Company registration number NI037395 (Northern Ireland)

Docusign Envelope ID: 297B6132-A06F-4B1E-B620-50866C88C14F

NEWBUILDINGS COMMUNITY & ENVIRONMENTAL ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

Charity information

Newbuildings Community & Environmental Association is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 4 Duncastle Road, Newbuildings, Londonderry, BT47 2QS.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Docusign Envelope ID: 297B6132-A06F-4B1E-B620-50866C88C14F

NEWBUILDINGS COMMUNITY & ENVIRONMENTAL ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings 2% straight line Fixtures and fittings 20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

[Property rented to a group entity is accounted for as tangible fixed assets.]

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Docusign Envelope ID: 297B6132-A06F-4B1E-B620-50866C88C14F

NEWBUILDINGS COMMUNITY & ENVIRONMENTAL ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

(Continued)

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Docusign Envelope ID: 297B6132-A06F-4B1E-B620-50866C88C14F

NEWBUILDINGS COMMUNITY & ENVIRONMENTAL ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2023
2023
£
£
Donations and gifts
8,435
-
Grants receivable
3,347
115,481
Members subs & hall hire
21,196
-
32,978
115,481
Grants receivable for core activities
DCSDC
-
2,840
RAPID
-
2,039
WHSCT
-
6,449
Education Authority
-
98,888
Eglinton Community
-
5,265
Waterside
Neighbourhood
Partnership
2,000
-
Claudy Rural
Development
1,347
-
NW Culture
-
-
Big Lottery
-
-
Other
-
-
3,347
115,481		 Total
Unrestricted
Restricted
funds
funds
2023
2022
2022
£
£
£
8,435
4,162
-
118,828
520
153,421
21,196
17,123
-
148,459
21,805
153,421
2,840
-
15,493
2,039
-
2,539
6,449
-
6,223
98,888
-
118,066
5,265
-
-
2,000
-
-
1,347
-
-
-
-
1,100
-
-
10,000
-
520
-
118,828
520
153,421		 Total
2022
£
4,162
153,941
17,123
175,226
15,493
2,539
6,223
118,066
-
-
-
1,100
10,000
520
153,941

4 Income from investments

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Rental income 15,637 19,549

Docusign Envelope ID: 297B6132-A06F-4B1E-B620-50866C88C14F

NEWBUILDINGS COMMUNITY & ENVIRONMENTAL ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

5 Expenditure on investment management costs

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Management costs allocated to investments
Rates 2,143 788
Insurance 1,548 627
Light & heat 484 70
Repairs & maintenance 2,111 5,409
Bank charges 51 53
Legal & professional 1,913 4,167
8,250 11,114
Expenditure on charitable activities
2023 2022
£ £
Direct costs
Staff costs 92,827 111,945
Depreciation and impairment 19,255 19,692
Activities expenditure 27,736 52,729
Rates 1,459 1,215
Insurance 4,644 5,429
Light & heat 20,374 22,898
Repairs & maintenance 4,189 11,233
Software costs - 9,600
Telephone 1,458 1,378
Office 3,113 3,891
Bank charges & interest 701 624
Sundry expenses 1,229 1,792
176,985 242,426
Share of support and governance costs (see note 7)
Governance 2,900 1,500
179,885 243,926
Analysis by fund
Unrestricted funds 47,521 35,672
Restricted funds 132,364 208,254
179,885 243,926

6 Expenditure on charitable activities

Docusign Envelope ID: 297B6132-A06F-4B1E-B620-50866C88C14F

NEWBUILDINGS COMMUNITY & ENVIRONMENTAL ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

7 Support costs allocated to activities

Governance costs
Analysed between:
Charitable activities
Governance costs comprise:
Accountancy
8
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets		 2023
£
2,900
2,900
2023
£
2,900
2,900
2023
£
19,255		 2022
£
1,500
1,500
2022
£
1,500
1,500
2022
£
19,693

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

10 Employees

The average monthly number of employees during the year was:

2023 2022
Number Number
8 9
Employment costs 2023 2022
£ £
Wages and salaries 89,845 110,108
Social security costs 1,536 424
Other pension costs 1,446 1,413
92,827 111,945

There were no employees whose annual remuneration was more than £60,000.

Docusign Envelope ID: 297B6132-A06F-4B1E-B620-50866C88C14F

NEWBUILDINGS COMMUNITY & ENVIRONMENTAL ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

12 Tangible fixed assets

Freehold land
and buildings
Fixtures and
fittings
£
£
Cost
At 1 January 2023
804,477
128,168
Additions
-
2,694
At 31 December 2023
804,477
130,862
Depreciation and impairment
At 1 January 2023
350,092
123,273
Depreciation charged in the year
16,090
3,165
At 31 December 2023
366,182
126,438
Carrying amount
At 31 December 2023
438,295
4,424
At 31 December 2022
454,384
4,895
Investment property
Fair value
At 1 January 2023 and 31 December 2023		 Total
£
932,645
2,694
935,339
473,365
19,255
492,620
442,719
459,279
2023
£
240,000

13 Investment property

Investment property comprises units at Victoria Road. The fair value of the investment property has been arrived at on the basis of a valuation at open market value carried out on 18th May 2017 by Paul O'Keefe IPAV, who is independent of the charity. The trustees are of the view that this represents fair value at 31st December 2023.

14 Debtors

Debtors
2023 2022
Amounts falling due within one year: £ £
Other debtors 998 1,065

Docusign Envelope ID: 297B6132-A06F-4B1E-B620-50866C88C14F

NEWBUILDINGS COMMUNITY & ENVIRONMENTAL ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

15
Creditors: amounts falling due within one year
Other taxation and social security
Other creditors
Accruals and deferred income
16
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2023
£
597
-
11,136
11,733
2023
£
1,446		 2022
£
5,110
8,340
7,784
21,234
2022
£
1,413

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

17 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1
Land & Buildings funded by government grants
Investment Property funded by government
grants
DCSDC
RAPID
WHSCT
Education Authority
Dept. for Communities
DAERA
Eglinton Community		 January
2023
Incoming
resources
Resources
expended
At 31
December
2023
£
£
£
£
451,000
-
(15,999)
435,001
185,989
-
-
185,989
-
2,840
(2,840)
-
-
2,039
(2,039)
-
480
6,449
(6,689)
240
2,170
98,888
(100,625)
433
108
-
(108)
-
1,121
-
(464)
657
-
5,265
(3,600)
1,665
640,868
115,481
(132,364)
623,985		 January
2023
Incoming
resources
Resources
expended
At 31
December
2023
£
£
£
£
451,000
-
(15,999)
435,001
185,989
-
-
185,989
-
2,840
(2,840)
-
-
2,039
(2,039)
-
480
6,449
(6,689)
240
2,170
98,888
(100,625)
433
108
-
(108)
-
1,121
-
(464)
657
-
5,265
(3,600)
1,665
640,868
115,481
(132,364)
623,985
623,985

Docusign Envelope ID: 297B6132-A06F-4B1E-B620-50866C88C14F

NEWBUILDINGS COMMUNITY & ENVIRONMENTAL ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

17
Restricted funds
Previous year:
At 1
Land & Buildings funded by government grants
Investment Property funded by government
grants
DCSDC
RAPID
WHSCT
Education Authority
Dept. for Communities
DAERA
Halifax
NW Culture		 (Continued)
January
2022
Incoming
resources
Resources
expended
At 31
December
2022
£
£
£
£
466,998
-
(15,998)
451,000
185,989
-
-
185,989
-
15,493
(15,493)
-
-
1,500
(1,500)
-
720
6,223
(6,463)
480
40,731
118,066
(156,627)
2,170
753
-
(645)
108
510
1,039
(428)
1,121
-
1,100
(1,100)
-
-
10,000
(10,000)
-
695,701
153,421
(208,254)
640,868

18 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used.

At 1
General funds
Previous year:
At 1
General funds		 January
2023
Incoming
resources
Resources
expended
At 31
December
2023
£
£
£
£
87,292
48,615
(55,771)
80,136
January
2022
Incoming
resources
Resources
expended
At 31
December
2022
£
£
£
£
92,724
41,354
(46,786)
87,292

Docusign Envelope ID: 297B6132-A06F-4B1E-B620-50866C88C14F

NEWBUILDINGS COMMUNITY & ENVIRONMENTAL ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

19 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2023
2023
£
£
At 31 December 2023:
Tangible assets
6,201
436,518
Investment properties
54,011
185,989
Current assets/(liabilities)
19,924
1,478
80,136
623,985
Unrestricted
Restricted
funds
funds
2022
2022
£
£
At 31 December 2022:
Tangible assets
4,215
455,064
Investment properties
54,011
185,989
Current assets/(liabilities)
29,066
(185)
87,292
640,868		 Total
2023
£
442,719
240,000
21,402
704,121
Total
2022
£
459,279
240,000
28,881
728,160

20 Related party transactions

There were no disclosable related party transactions during the year (2022 - none).