Charity Number.. 101488 Strathroy Community Association Annual Report and Unaudited Financial Statements for the year ended 31 March 2024 Strathroy Community Association CONTENTS Page Reference and Admlnislrative Information Trustees, R8POrt Independent Examiner's Report Statement of Financial Activities Notes to the Financial Statements Supplementary Infomiation relating to the Financial Statements Strathroy Community Association REFERENCE AND ADMINISTRATIVE INFORMATION Trustees Martin McColg8n Marion Mcmahon Caroline McPhilomey Barry McColg8n Patrick Hosey Donna Smylh Kevin Mccolgan Helen Mcmahon Cathy Mccolgan Catherine Kelly Deborah Dohety Lisa Fleming Gareth Mccrory Kerry M¢Colgan Charlty Number in Northern Ireland 101488 Prlnclpal Address Strathroy Community Centre Drumlea Crescent Strathroy Omagh Co Tyrone BT79 7XE Independent Examiner Conor Eannetta BA{Hons} AFA MIPA 8 Killins Wood Avenue Mounffield Omagh Co Tyrone BT79 7UT Bankers AIB Bank 24 Easl Bridge Street Enniskillen Co Fermanagh BT74 7BT Strathroy Community Association TRUSTEES. REPORT forthe year ended 31 March 2024 The trustees present their Trustees, Report and the unaudited financial statements for the year ended 31 March 2024. The financial stslements are prepared in accordance wllh the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. In this report the trustees of Slrathroy Community Association present a Summary of its purpose, governance, activities, achievements and fInan￿S for the financial year 31 March 2024. Mission, Objectlves and Strategy Mission Statement Slrathroy Community Association ISCAI provides a wide range of social activities for Ihe Stralhroy and wider communities. On a daily basis, the association provides a playgroup facility, an after-schools club and a youth club facility. All staff and volunteers who work in SCA have been Access Nl checked. have undergone Chlld Protection Training and have been taken through and fully understsnd the Associations Child Pn)tection Policy. On Tuesdays, a local Down Syndrome's group meet in the cenlre and enjoy various activities essential for their development. On Wednesdays. the Senior citizens group and Women's group meet in the centre for games and activities and a light lunch. On Thursday, the Parent and Toddler group meet. On Saturday, an Autism group use the facilities. Aclivities which run for block weeks (for example 6 weeks) include Irish Dancing Classes. Zumba and a drop inn ¢entre for young people. The Community Centre will always have a member of stsff, a volunteer or a committee member al the reception desk. This ensures access to the building for everyone and an opportunity for people to drop in at any lime and receive a high quality service. Throughout the year various meetings take place in the Community Centre Inter Agencies are facilitated by Supporting Communities Nl ISCNII 4 times a year in which local residents meet with various agencies and discuss their issues. Agencies include NIHE. Omagh Distiict Council, DSD Neighbourhood Renewal, Transport Nl (formerly DRDI. PCSP and PSNI. Neighbourhood Renewal Meetings also take place in the Community Cenlrè in which community representatives from other NR areas also attend Seasonal activities which lake place include Summer Schemes and Christmas Celebrations. The SCA management committee also meet once a month and hold our AGM annually. Objectives The Association is established to.. 2.1 ￿lIeVe povety. sickness and the aged to promote the benefit of the inhabilanls of the Slrathroy eslale and district area of Co Tyrone and ils environs Ihereinafter described as 'the area of benefit") without distinction of age, gender, race, political. religious or other opinion. by associating the statutory authorities, voluntary organisations and inhabitants in a common effort to advance education, and lo provide facilities in the interests of social welfare for recreation or other lei5ure-time occupation. with the object of improving the conditions of life for the said inhabitants- 2.2 to establish or secure the establishment of a Community Centre (hereinaftei called Ihe Centre") and lo maintain and manage or to Co-operate with any local slalulory authority in the maintenance and management of such a Centre for activities promoted by the Association and its constituent bodies In furtherance of the above objects. Structure, Govgrnance and Management StruGture The Iruslees who seNed during the year are a$ follows.. Martin Mccolgan Kevin Mccolgan Caroline McPhilomey C81herine Kelly Lisa Fleming Donna Smyth Marian Mcmahon Cathy Mccolgan Patrick Hosey Gareth Mccrory Helen Mcmahon Barry Mccolgan Kery M¢Colgan Deborah Dohety Governance In accordance with the Constitution. the trustees retire by rotation and. being eligible, offer themselves for ré-election. Revlew of Activities. Achlevements and Perforniance The Association continues to organise and provide various activities for all ages in our cornmunity. Throughout the various activities and events we continue to welcome new participants which conllnues to expand year on year. Strathroy Community Association TRUSTEES. REPORT for the year ended 31 March 2024 Financial Review The Association is dependent on grants and voluntary income. The Association returned a deficit for the year of £166918s detailed on page 7. Results At the end of the year the Association has assets of £4,126 (2023 - £4,795} and liabilities of £ NIL12023 - £NILI. The net assets of the charity have decreased by £(669). Reference and Administrative details Reference and administrative details are as slated on page 3 of the financial statements. Complian¢e with Sector-wlde Leglslatlon and Standards The charity engages pro-actively with legislation, stsndards and codes which are developed for the sector. Stralhroy Community Association subscribes to and is compliant with the following= The Charities SORP {FRS 1021 Public Beneflt Statément Stralhroy Community Association ISCAI operates in a manner which benefits the wider public in which all purposes are charitable. SCA'S governing document clearly states that the charivs purposes are clear to the trustees, the beneficiaries and supporters and to the wider general public. We believe our purposes satisfy the elements of the public benefit requirement as follows- Purpose 1- Relieve poverty, sickness and the aged The direct benefits which flow from purpose 1 Include access to affordable services e.g. childcare, social inclusion which leads lo improved mental health. education and raised awareness around health issues (mental and physical health) and the increased participation and involvement of the older people in our community. These benefits are demonstrated through both written and verbal feedback 8nd through formal and informal evalu81ion gathering qualilalive and quantitative information. Purpose 2: To advance education The direct benefits which flow from purpose 2 include.. acces5 to low cost. high quality education which participants may not otherwise engage in, the provision of accredited and non-accredited training which is affordable and delivered locally in a safe and wami environment. and the skills development of the local community- These benefits are dernonslraled through feedback from participants and other organisations, completed evaluations and attendance records. Purpose 3= To provide facilities in the interest of public welfare The direct benefits which flow from this purpose include.- implementation of a programme of activities based on the identified needs of the aroa within our community centre, the provision of a base for a variety of activities, events. services and facilities for the local estate and the wider community. the local and wider community having the opportunity to participate in a range of activities which enhances their quality of life. raises self-esteem, reduces social isolation and encourages community participation. These benefits are demonstrated through records of the acliviliesl programmes etc which are run through the centre, attendance at these evenlsl courses etc and the value placed on these seNicesl facilities by statutory and other agencies. The beneficiaries of our organisation are those living within the Strathroy area and the wider district are8 of Omagh. Users of the Community Centre directly benefit through participating in the various activities provided. The children who attend our community afterschool's club directly benefit by having access to a local, low cost facility. The wider community benefit indirectly through our centre being used as an outreach facility lo tackle specific issues e.g. health. education and environment. The parents of children attending our playgroup indirectly benefit through the knowledge that their children are being cared for in a secure and caring environment. The provision of affordable childcare also allows the opportunity for parents lo return to work andl or avail of training opportunities either within the community centre or the wider area. which enhances their own live5 and the lives of the families. Our community association are represented on a number of different committees, which ensures we have a voice and that our needs and issues are being listened to and met This also allows us to have an impact on decisions being made which affect us. This indirectly benefits the public and the wider community as our association listens to and represents the whole area. The wider communlty benefits as the profile of the area is raised through the work of the community association which has a positive impact on the wider community and Its envlrons. There is no harm relaled lo any of these bonefits. Approved by the Board of Trustees on 18 December 2024 and signed on its behalf by: Marti Mccolgan Trustee Donna Sm TTUStee Strathroy Community Association INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF STRATHROY COMMUNITY ASSOCIATION I have examined the financtal statements of the charity for the year ended 31 March 2024, whiGh comprise the Receipts and Payments Account, the Statement of Assets and Liabilities and the related notes. This report is rnade solely to the Charity's members, as a body, in accordance with the Charities Act (Northern Ireland) 2008. My work has been undertaken so that I might compile the financial statements that I have been engaged to compile. report lo the Board of Trustees that I have done so, and stale those rnatters that I have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law. I do not accept or assume responsibility to anyone other than the charity and the charity's members, as a body, for my work, or for this report. Respective respon$ibilities of trustees and examiner The charity's trustees are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act (Northern Ireland) 2008. The charity's Iruslee5 consider that an audit is not required for this year under the Charities Act {Northem Ireland) 2008 and that an independent examination is required. It is my responsibility to.. examine the financial statements under section 65 of the Charities Act., follow the procedures laid down by the general Directions given by the Charity Commission for Northern Ireland under section 6519llb) of the Charities Act-, and slate whether particular matters have come to my attention. Basls of independent examiner's report I have examined your charity financial statements as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(bl of the Charities Act. An examination includes a review of the accounting records kept by the chaiity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the truslees concerning any Such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as lo whether the accounts present a 'tnJe and fairf view and the report is limited to those matters sel out in the statement below. In connection with my examination, no matter has come to my attention which gives me cause to believe that in, any material respect.. accounting records were not kept in accordance with section 63 01 the Charities Act the financial statements do not accord with those accounting records the financial statements have not been prepared in accordance with the Statement of Recommendecl Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appliGable in the UK and Republic of Ireland {FRS1021 there is further information needed for a proper understanding of the accounts to be reached. Indgpendent examinerfs statement I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. CONOR EANNErrA BAIHONSI AFA MIPA 8 Killins Wood Avenue Mounwield Omagh Co Tyrone BT79 7UT Dats: 18 December 2024 Strathroy Community Association FINANCIAL STATEMENTS for the year ended 31 March 2024 Unrestricted Funds 2024 Total Total 2024 2023 Notes Receipts and Payments Account Receipts Generated funds: Voluntary Income Donations Charitable actlvltles: WHSCT NIHE FODC Fundraising 500 500 3,150 4,100 3,150 4,100 3,375 500 1,030 3,040 3,040 Total recelpts 10,790 10.790 4,905 Payments Charitable activities: Events and workshops Volunteers Admin expenses 9,053 9,053 1,475 480 1.168 2,406 2,406 Total payments 11.459 11,4S9 3.123 Net re¢eiptsl(paymentsl for the year Balances brought forward al 1 April 2023 {6691 4,795 (669) 4,795 1.782 3.013 Balances carried fonvard at 31 March 2024 4.126 4,126 4.795 Statement of Assets and Liabilities Cash funds Bank and cash 4,126 4,126 4,795 Approved by the Board of Trustees and authorised for issue on 18 Dg¢grnber 2024 and signed on its boh?If by Martin Trustee ccolgan Donna S Trustee th The notes on pages 8 to 9 form part ol tha financi81 statamenls Strathroy Community Association NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 GENERAL INFORMATION Strathroy Community Association is a charity incorporated in Northern Ireland. The registered office of the charity is Stralhroy Community Centre, Drumlea Crescenl, Stralhroy, Omagh, Co Tyrone BT79 7XE which is also the principal place of business of the charity The financial statements have been presented in Pound Slerling (£1 which is also the functional currency of the charity. ACCOUNTING POLICIES The following accounting pollcies have been applied consistently in dealing with items which are considered material in relation to the charity's financial statements. Basis ot preparation The financial statements have been prepared under the historical cost convention and in accordance with Part 8 of the Charitle5 Act {Northem Ire18ndl 2008. They also comply with the Statement of Recommended Practice (SORP 2005. as updated in 2008) and with the financial reporting standards. The following accounting policies have been applied consistently in dealing with items which are considered material in reiation to the ¢harity's financial stalemenls. Statement of compliance The financial statements of the charity for the year ended 31 March 2024 have been prepared on the going concern basis and in accordance with the Statement of Recommended Praclii* ISORPI 'Accounting and Reporting by Charities prepaiing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2015}" and FRS 102"The Financial Reporting Standard applicable in the UK and Republic of Ireland" applying Section 1A of that Standard. Incoming Resources Voluntary income orcapital is included in the Statement of Financial Activities when the charity is legally enlilled to it, its financial value can be quantified with reasonable certainty and there is reasonable certainty of its ultimate receipt. Entitlement to legacies is considered established when the charrty has been notified of a distribution to be made by the executors. Income received in advance of due perfomiance under a contract is accounted for as deferred income until earned. Grants for activities are recognised as income when the related conditions for legal enlillement have been met. All other income is accounted for on an accruals basis. Income from charitable actlvltles Income from charitable activities include income eamed from the supply of services under contractual arrangements and from performance related grants which have conditions that specify the provision of particular selvices to be provided by the charity. Incorne from government and other co-funders is recognised when the charity 15 legally entitled to the income because il is fulfilling the conditions contained in the related fijnding agreements. Where a grant is received in advance, ils recognition is deferred and included in creditors. Where entitlement occurs before income is received. it is accrued in debtors. Grants from governments and other co-fvnders typically include one of the following types of conditions.. Performance based conditions.. whereby the Gharity is contractually enlilled to funding only to the extent that the core objectives of the grant agreement are achieved. Where the charity is meetillg the core objectives of a grant agreement. it recognises the related expenditure, lo the extent that it is reimbursable by Ihe donor. as income. -Tlme based conditions.. whereby the charity is contractually entitled to funding on the condition that il is ulilised in 8 particular period. In these cases the charity recognises the income to the exlent it is ulilised within the period specified in the agreement. In the absence of such condStlons, assuming that receipt is probable and the amount can be reliably measured, grant income is recognised once the charity is notified of entitlement. Grants received lowards capitsl expenditure are credited to the Statement of Financial Activities when received or receivable, whichever Is earlier. Resourcos Expended All resources expended a￿ accounted for on an accruals basis. Charitable activities indude costs of Se￿iceS and grants, support costs and depreciation on related assets. Costs of generating funds similarfy include fundraising activitles. Non-staff costs not attributed to one category of activity are allocated or apportioned pro- rala to the staffing of the relevant setvice. Finance, HR, IT and administrative staff costs are directly attributabl8 to individual activities by objeclive. Governance costs a￿ those associated with constitutional and statutory uirements. Strathroy Community Association NOTES TO THE FINANCIAL STATEMENTS continued for the year ended 31 March 2024 Cash at bank and in hand Cash al bank and in hand comprises cash on deposit al banks requiring less than three months nolice of withdrawal. Taxation and deferred taxatlon No current or deferred laxalion arises as the charity has been granted charitable exemption. Irrecoverable valued added tax is expensed as inCur￿d. Deferred tax is recognised in respect of all timing differences that have originated but nol reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation lo pay more tax in the future, or a right to pay less lax in the future. Timing differences are temporary differences beiween the charitys taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the lax rates that are anticipated lo apply in the periods in which the timing dtfferences are expected to reverse, based on lax rates and laws that have been enacted or substantively enacted by the balan￿ sheet dale. ANALYSIS OF PAYMENTS AND RELATED INCOME FOR CHARITABLE ACTNITIES Group activities Total Charitablo actlvltles.. Direct and other payments Costs 11.459 11,459 SUPPORT PAYMENTS Support costs Total Events and workshops Administrative costs 9.053 2,406 9,053 2,406 11,459 11.459 RESERVES 2024 2023 Al 1 April 2023 (Deficit) for the year 4.795 16691 3,013 1,782 At 31 March 2024 4,126 4,795 FUNDS ANALYSIS OF NET ASSETS BY FUND Current ass•ts Current Ilabllities Total Unrestricted general funds 4.126 4,126 4,795 4.795 CASH AND CASH EQUIVALENTS 2024 2023 Cash and bank balances 4.126 4.795 POST-BALANCE SHEET EVENTS There have been no significant events affecting the Charity since the year-end. STRATHROY COMMUNITY ASSOCIATION SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 10 strathroy Community Association SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Statement for the year ended 31 March 2024 2024 2023 Income Donations WHSCT NIHE Fennanagh Omagh District Council Fundraising 500 3,150 4,100 3.375 500 1,030 3,040 10.790 4.905 Expenses Local project5 and programmes Consumables Slrathroy Safe Space Volunteers Insurance Office costs Computer costs Professional fees Bank charges Charitable donations 3,232 1,157 4.664 1,475 480 885 213 997 459 800 100 50 70 11,459 3,123 Net (deficit)Isurplus 1669) 1,782 The supplementary infomiation does not forn part of the financial statements 11