REGISTERED COMPANYNUMBEK. N1610189(Northem Ireland) REGISTEREDCHARITYNUMBER: 101380 Report of the Trustees and Unaudited FinanGial Statements for the Year Ended 31 March 2024 for Kells & Connor Community Improvement Association Keus & Connor Community Improvement AssoGiation Contents ot the Financial Statements tor the year ended 31 March 2024 Page Report of the Trustees Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes tothe Financial Statements 7-10 Detailed Statement of Financial Activities 11 Kells & Connor Community Improvement Association Report of the Trust88s forthe year ended 31 March 2024 The trustees who are also directois of the charty for the purposes of the Companies Act 2006, present their report with the financial statements of the charrty forthe year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparingtheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015). ACHIEVEMENT AND PERFORMANCE Charitable activities The principle activity of the company in the year under reviewwas that of the promotion of the area and communty in and around Kelis & Connor forthe benefit of the inhabitants thereof without distinction. STRUCTURE. GOVERNANCE AND MANAGEMENr Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company¥ limited by guarantee. as defined by the Companies Act 2006. REFERENCEAND ADMINISTRATIVE DETAILS A8gistered Company Number N1610189 (Northern Ireland) Registered Charity number 101380 Registered Office Kells & Connor Communty Centre Glenaan WaLk Kells Ballymena Co Antrim BT42 3JX Trustees MrsA L Craig Mr M Smyth Mr M Sufgenor Mr David Grant Page 1 Independent Examiner Mrs Nicola Marks 7 Woodcroft Br8e BaLlymena BT441F Approved by order of the board of trustees on behalf by: 144 L and signed on its Mrs A L Craig-Tru Page 2 Kglls & Connor Community Improvement Association Independent Examiner's Report torthe year ended 31 March 2024 Independent Examiner's report to the trustoes of Keus & Connor Community Improvement Associatlon {*he Compan￿) I reportto the charitytrustees on my examination of the accounts ofthe Companyfor the year ended 31 March 2024. Responslbilities and basis of report As the charity's trustees of the Company (and also tts directors forthe purposes of company law) you are responsible forthe preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 Act.). Having satisfied myself thatthe accounts of the Company 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 your chartty's accounts as carried out undersection 145 of the Charities Act 2011 ('the 2011 Act.). In carrying out my examination I have followed the Diiections given bythe Charities Commission under section 145{5) (b) of the 2011 Act. Independent Examiners Statement I have compLeted my examination. I confirm that no matters have come to my attention in connection with the examination gmng me cause to believe: accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act: or 2. the accounts do not accord wtth those records: or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act otherthan any requirement thatthe accounts give a true and fairviewwhich is not a matter considered as part of an independent examination: or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance wtth the Fin8ncial Reporting Standard applicable in the UK and Republic of Irelan(l (FRS 102)]. I have no concerns and have come acTOSS no other matter in connection with the examination to which attention should be drawn in this report in order to enable a proper understandingof the accounts to be reached. Date: -2* Nicola Marks Indepen(Jent Examiner. 7 Woodcroft Brae. 88llymena BT42 1 FY Page 3 Kells & Connor Communlty Investment Assoclatlon Charlty No: 101380 Statement of FlnanclalActMtles for the year ended 31 March 2024 2024 Total funds 2023 Total nds Unre5tr1cted fund Notes £ Restrlcted fund INCOMEAND ENDOWNMENTSFROM Donations and Legacies 16.109 16,109 33.587 Othertra(Jing activities Investment income 571 3,692 2,930 Total 16.109 19.039 37.850 EXPENDITURE ON Charltable activltles Communitylmprovements 17.523 18.950 23.905 NET INCOMEI(EXPENDmiRE) (IA14) RECONCILIATION OF FUNDS Total funds bought forward 22.184 8.498 30,682 20.722 TOTAL FUNDS CARRIED FORWARD 23,687 30.771 30.682 The notes forni part of these financlal ststements. Page 4 Kelts & Connor Communtty ImprovementAssociation Charfty No: N1610189 Balance Sheet as at 31 March 2024 2024 Restrfcted Total fund funds 2023 Total Unrestrlcted lund Notes £ funds CURRENT ASSETS Cash at bank 23.687 30,682 CREDITORS Amounts falling due within one year NEf CURRENT ASSETS 23,687 7.084 30,771 30,682 TOTAL ASSETS LESS CURRENT LIABILITIES 23.687 7.084 30.Tr1 30,682 {ACCRUALSAND DEFERRED INCOME) NET ASSETS 23.687 30,771 30,682 FUNDS Unrestricted funds Restricted funds 23,687 7.084 22.184 8,498 TOTAL FUNDS 30,771 30,682 Page 5 Kelts & Connor Comrnunlty Improvement Associatlon Balance Sheet- contlnued At 31 March 2024 The charitable company is entitled to exemption from audit undersection 477 of the Compani8s Act 2006 for the year ended 31 March 2024. The members have not required the companyto obtain an audit of its financial statements for the year ended 31 March 202¥in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring thatthe charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparingfinancial ststements which give a true and fairview of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherNise comply wvth the requirements of the Companies Act 2006 relating tofinancial statements. so far as appLicable to the charitsble company. These financial statements have been prepared in accordancewith the provisions applicable to chaTltable companies subjectto the small companies regime. The financial statements were approved by the board of Trustees on l Ilt and were signed on its behalf by: Mrs A L Craig- rustee The notes forms part of these financial statements Page 6 Kells & Connor Community Improvement Association Notes to the Financial Statements torthe year ended 31 March 2024 1. ACCOUNTING POLICIES Basls of preparing the financial ststements Thefinancialstatements of the charitable company. which is a public benefitentity under FRS 102. have been prepared in accordance with the Charities SORP {FRS 102) 'Accountingand Reporting bycharities: Statementof Recommended Practiceapplicable to charities preparingtheiraccounts in accordancewith the Financial Reportingstandard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015). Financial Reporting Standard 102'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Companies Act 2006. The financial statements have been prepared underthe historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlementto the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure. it is probable that a transfer of economic benefits will be required in settlement and the amount of the oblig8tion can be measured reliably. Expenditure is accounted for an accruals basis and has been classrfied under headings that aggregate all cost re18ted to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on 8 basis consistent with the use of resources. Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can only be used in accordance with the charitsble objectives at the discretion of the trustees. Page 7 Keus & Connor Communlty Improvemerrt Association Notes to the Financial Statements- Continued forthe year onded 31 March 2024 Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanations of the nature and purpose of each fund is included in the notes to the financial statements. 2. OTHER TRADING ACTivrriES 2024 2023 Fundraisingand donations Sundry income 571 521 3. INVESTMENTINCOME 2024 2023 Rents received Deposit account interest 2,930 3.692 TRUSTEES. REMUNERATIONAND BENEFITS There were no trustees. remuneration or other benefits for the year ended 31 March 2024 nor forthe year ended 31 March 2023. Trustees, expenses There were no trustees. expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. Page 8 Kells & Connor Community Improvement Associatlon Notes to the Financial Statements - contlnued forthe year ended 31 March 2024 5. COMPARAnvES FOR THE STATEMENT OF FINANCIALACTIVITIES Unrestricted Restricted Fund Fund Total Funds INCOMEAND ENDOWMENTS FROM Donations and legacies 16,109 16.109 Other trading activities Investment income Total 2.930 16.109 19.039 EXPENDITURE ON Charitable actlvities Community Improvements 18.950 Tota( NEf INCOMEI(EXPENDITURE) (1.414) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD Page 9 Kells & Connor Community Improvement AssocSation Notes to the Financial Statemems- continued forthe yearended 31 March 2024 6. CREDITORS AMOUNTS FALUNG DUE wm41N ONE YEAR 2024 2023 Accrued expenses 7. ACCRUALS AND DEFERRED INCOME 2024 2023 Delerred Govemrnent Grants 8. MOVEMENT IN FUNDS Net movement in funds At 114123 At 3113124 Unrestricted funds Generalfund TOTAL FUNDS RELATED PARTY DISCLOSURES There were no related partytransactions for the year ended 31 March 2024. Page 10 Kells & Connor Communlty ImprovementAssocfiatlon char￿ No: N1610189 Detalied Statment of FlnanclalActlvftle5 for the period ended 31 March 2024 2024 2023 INCOMEAND ENDOWNMENTS Donatlons and legacles Grants 16,109 33.587 Other tradlngaetfvltle$ Fundraisingand donations Sundryincome 571 571 Investment Income Rents received Deposit account Interest 3.692 Totsl Incomlng resources 2,930 19,039 3,692 37,850 EXPENDITURE Charltable actfvltles Environment and village improvement Community ProjectsiEvents 3,831 11,943 15,774 73 18.794 18,867 Support costs Management Insurance LiAht and heat Internet Office Equipment Donations Bank Charges Tractor Costs Miscellaneous 1.736 328 288 580 812 Goverance costs Accountancyanii iegalfees Companies House fees Total resources expended 2.n3 4.575 450 13 23,905 13 18.950 Net Income l(expendlture) 13.945 This page does not form part of the ststutory rinancial statements.