Cornpany Registratlon Number.. N1041704 Charity Number.. 101493 Falls Community Council Limlted A Gompany Ilfflltsd by gugranteo, not hovlng a slmre capltall Annual Report and Audited Financial Staternenls for the financial y9ar endgd 31 March 2024 Quarter A¢countsnts Lld Chartered AcGountants and Statutory Audltors st.Annas House Cath@dral Quarter S Chur¢h Street CD.Antrlm BT1 IPG
Falls Community Council Limited (A company Ilmltad by guarantee, not havlng a 8haro capltal) CONTENTS Page Trust8e5' and Other Infomiation Trustees, Annual Report Statement of Trustees, Responsibilities Independent Auditor's Report Statement of Financlal Activities 10 Summary Income and Exp8nditur8 Account 11 Balance Sheet 12 Notes to the Financial Statements 13-19
Falls Community Council Lirnited IA compahy Ilmlt6d by guarantee, not havlng a share Gapllal) TRUSTEES, AND OTHER INFORMATION Tru8tee8 MS Ellzaboth Anne Grovos Mr Henry Eugene Magulre Ms Chrlssl8 Marle Mcaul8y Charity Number In Northern Ireland 101493 Company Reglstratlon Number N1041704 Reglstered Ofllco and Prlnclpal Addrèss st Comgalls Divis Street Belfast Anlrim BT12 4AQ Audltors Quartor Accounlanls Ltd Charlered Accountants and Stalulory Audltor8 St.Annes House Cathedral Quarter 15 Church Street Co.Anlrlm BT11PQ PrinGlpal Bankers Bank of Ireland 202 Anderson81own Road Belfasl BT11 gEB Soli¢ltors Flynn & McGetlrick 238 Falls Ro&d Belfast Anlrim 8T12 SAH
Falls Community Council Limited IA Gompaiiy Ilmltèd by guaranteg, not h&vlnu a sharB capltall TRUSTEES, ANNUAL REPORT for Ihe ftnanclal ye8r onded 31 March 2024 The twste8s pent th8lr Trustees, Annual R8porl, oombining the Direclors, Reporl and Trusl868' Report. and the audited tlnanclal slalements for tho flnanclal year ended 31 March 2024. Tha financial 8tat8men18 ar8 pr$pared in aocordan¢e with the Companles Acl 2006, FRS 102 "The Flnancial Reporting Standard appllcable In the Ul< and Republlc of Ireland. and Accounllng and Reporting by Charilles., statemenl of Recommend&d practi applicable lo charilies preparlng thelr financlal st8t8menls in accordance wllh th8 Financial Reporting Standard appll¢able In Ihp UK and Ropubllc of Ir91and (FRS 1021. The Trusleos, Report contalns tho InformatlDn requlred lo be provld6d in th8 Trustees, Annual Reporl under the Stalemenl of Recommended Practloe (SORP) guidelln8s. The trustees of tho oompany are a180 charlty trustee8 for the purpose of charlty law and under the company's constllulion are known as Members of the board of IIu8teès. In Ihls report the Irusl8es of Falls Community Councll Llmited present a summary of Its purpo86, gov6rnance, activitles, achlevements and flnances for the financial year 31 March 2024, The company i¥ a r8glstered charity and henc& tho report and results are prosented in a form whlch complle8 With Ihe requirements of Ih(J Companies Act 2006 8nd, allhough not obllged lo comply wllh the Statemènl of Recommendéd Practice appli¢abl8 In the UK and Republic of Ireland FRS 102, the organlsallon h8s Implem6nted ils recx)mmendallon8 where relwant in Ihese financi&l slalemenl8, Mlsslon, ObJoctlve8 and Strategy Mlsslon Stat•ment Falls Communily Council (FCC) was es18blished In the mid-1970s as an umbrglla organlsatlon for communlly groups in Wesl Belfa81. Ils orlginal aim was lo bring communlty organi&allon8 togethèr, to share resources, lo advo¢a16 on communlty concerns. FCC ha8 m8inl8ined & pivotal role in developlng ihe rommunlty infraslructur6 and hames8lng communlly activity in West Belfa8t. It ha5 (t)ntinued to develop a Comprehensive range of servlces, In re8pons& to identified need, which contribute to the enhancornent of communlly Ilfe, heallh, w811-bglny of all Ihe re8ldenls of West Belfast, Its pr8mi8&8 are located on thè Falls Road In Belfast. FCC'S SlrategiG Plan details an Innovallve programme that 11 contlnue Io 8UPPOrt and 81rength&n the communSty Infrastructure and provide opportunliles for people to galn tho confiden¢8, skills, knowledge and vlslon to fully participate in ¢ivEc sodety, Most people wanl lo lfve In a place where thay know thelr nelghbours and fBel safe. A pla wilh good horn¢s, local shops, job8, and opportunllles for young people to gel a good ucatIon, calIng these places requlres a comrnunlty iiipul into the way CCMUnitIeS are plannad, d6slgned. bullt and rnaintained. But suslainable communttle8 are about more than brlcks and mortar. Th8y requlre good local governaiice, public partsapalion, partnershlp work1ng. èXGellenl publlc 8ervlces, and dvl¢ prtde. They ar6 aul learning Irom the mislakes of tho past and Ilnklng soclal, economlc and pnvlronmenlal progr8mm6s. Local community organisalions Such 88 the Falls Communlty Coundl play an Increaslngly SIgnlS¢ant parl In Ihe dewolopment of Sustalnable communities. ObJoctlve$ A statement of the thr8e pur888 as defined by the charlty commission are,. The 8ifvancem&nt of educ81ion The a(bJancemonl of tIZenShIp or communlly development 'rhe athiancemsnt of health or the sgving of lives Strat8gy Who do we help FCC works to help the general populallon of Wesl 86lfast. We do Ih18 through advocacy lor Iho local communlty and Inleragency working for the benelll of the communlly. However, we do have s partlcular focus on speolflc element8 within the local CDmmunlly. These In¢lude: Specific aaS of deprlvallon Unernployedllow incom9 Addlcllons Idruglsolvenflalcohol abuse) Interface communities Volunteers Adult Iralnlng Voluntary and communlty seclor Yotrth {14-25year old's)
Falls Community Council Limited IA company Ilmltod by guaranteg, iiol havln9 a share capltall TRUSTEES, ANNUAL REPORT for the financial year 6nded 31 March 2024 How do we do Ihls FCC offers a range of 86rvlc88 for the local communlty. Wè act as advocates for the naecls Id6ntlfled by thé loeal commLinily and we also provlde a range of servlces that sook to addross gpgcific nè6d these Includ6.' 1, Advlc@18dvocacylinformalion 2. Community d8v6lopmenl 3, Relief of poverty 4. Human rightslequ81ily 5. Youth developmpnt 6. Educalionllralning 7. Welfare Advlce 8, Communlty enterprlse 9, Researchlevaluallon Fliianclal R8vIèw The results for the flnanoial year are set out on p8gè 10 and 8ddS1ional notes are provided showlng income and axpendlture In greater delall. Flnanclal Rasults Al the end of the flnanclal year the company has assets of £7,641,313 (2023 - £7.794.5631 and Ilabllltles of £309.056 <2023- £381,448>. The net assels of lh8 company havg décr8ased by £180,858). Tru8teo8 The Iruslees who served throughoLII th8 fin&ncial y8ar, 8xcepl as nol8d. wer8 as follows.. Ms Ellzabeth Anne Groves Mr Henry Euuene Magulre M8 Chrissie Marie Mcauley In a¢cordanGe with the Consliiulion, the tru51ees retire by rotallon and, being ellgible, offer themselves for re-eleclion. Comp118nce with Se¢tor-Wide Legi81ation and Standardg The company engages pro-actively wllh legi81ation, 81andards and ¢>xles which are developed for the sedor. Falls Community Council Llmited sub8crlbe5 to and Is compllanl wilh the following., The Companles Act 2006 The Charllles SORP (FRS 102) Thè Audltors Quort8r Accountants Ltd, (Chartergd A¢counlanisl, were appolnled audllors by the Iruslees lo fill the Casual vacanoy and th@y hav6 expressed Ihelr wllllngness to conllnu9 In offlce In accordance wilh the provislons of Secllon 486 of the Companles Act 20rx. Approved by the Board of Trusteès on 18 Dèc8mber 2025 and slgnéd on Its behalf by: MS Chrissie Mar19 Mcauley Dlrector
Falls Communlty Council Limited (A company Ilmll8d by gLiaYontag, not h&vlng a 3har8 capltall STATEMENT OF TRUSTEES, RESPONSIBILITIES for the flnancial year ended 31 March 2024 The truslees, who 8r@ 81so dlrectors of Falls c(MUnItY Counrtl Limiled lor the purpose8 of company law. are responsible for pioparlng Ilie Ilnancl81 slalem8nl8 In accordenoè with applicable law and regulallons. CDmpany18w requi$ th? tru81o&8 a8 Ihe dlreolors to prepare flnanelal 81alemenls for each financial year, Under that law the trustegs have el8ct8d lo prep8re the flnanclal slalemenls In accordance with Unlled Kingdom Gen8rally Acc&pled Accountlng Pracllce (United Klngdom Accounling 8landard8 and applicable law) including FRS 102 Th6 Flnanclal Rèportlng Slandard appllc8ble in the UK and Republlc of Ireland" Sedlon IA (Small Entllles), Under company law Ihe Irustees must not approve the financial slalements unless they gr9 8a118fied that they give a Irue and fair view of tho state of 8ffalr8 of the Gotnpany and of the surplu8 Dr doflcil of Iha company for that pedod. In pr&p8ring Ihese flnancial 81atements, the tw8tees are re(tulred lo.. sele¢t suitable accounllng pollcles and apply them Conslstentty,, observe th@ methods and prinolples in the Charllios SORP mak@ judgemenls and aceounllng esllmales Ihal are reasonable and prudent., slate whether the ffnandal 8lalements have been prepared in accordance wllh appllcable aceounling s18ndards, identify those standard8, and note the effect and the rea80n8 fi)r any materlal departure from thoso standards: and prepare the financial statomenls on the going contsrii basis unless it 18 inappropriate to pra8uma that the company will continue in op6r8tlon. The Iru8tees are r&sponslble for k&8plng ad8quale accounllng records Ihat ar6 sufficient to show and explaln th8 company's transaction5 and dlsclos8 with reasonable accuracy at any Ilme the financlal posillon of th8 company and enable them lo ensure that the flnancial slalgments cornply wllh the Companies Act 2006 8nd. They are al8D responslble for 8afeouarding thg assets of the company and hence for taking reasonable steps for the prevenllon and delecllon of fraud and olher iTregularili88. In so far as the Iwstees are 8w8re- there is no relevant audlt informatlon {Inforrnation neodgd by the company's audllor Sn connection wilh preparing the audltorfs report) of which the company's aLirfitor is unawar6, and the IrLJStees have taken all the stpps that they ought lo have takan as trustees In onler to make themselves aware of any relevant uudll Informallon and to establish that the company's alIar is aware of Ihal informalion. Approvèd by the Board of Trustees on 18 DeGember 2025 and slgn6d on Its behalf by.. Ms Chri851e Marie Mcaul6y Dlrpctor
INDEPENDENT AUDITOR'S REPORT to the Members of Falls Community Council Limited IA Company Ilmllod by ouarantse, not havlng a shar9 capllall Roport on thp audlt of the flnanclal 8tatsm9nt6 Oplnlon We have audlled the company flnandal slalEmenls of Falls Community Councll Limlled {'Ihe company,) for th8 financial year ended 31 March 2024 whlch ¢x)mpllse lh8 Statement of Financial Aclivilies, the Summ8ry Income and Expenditure Account, Ilie 3alance Sheet and noles to Ihe flnancial stal&menls, including the summary of significant accounllng polic4es sel out In note 2. The flnanclal reporting fr8mework that has been applied in Iheir preparatlon Is applicable law and United Klngdom AountIng Standards, Including FRS 102 "The Flnancial Reporting SlandaTd appllcable In tho UK and Republic Df Ireland,, applylng $8¢llon 1A of that Slandard and Accounting and R9POrtlng by Charili6s,' Statemonl of Recommendéd Pr8¢llce applic8ble lo Charities preparlng thelr acoounls In accordance with FRS 102. In our oplnlon. when roportlng In aGcordancg wllh a falr presenlalion framewo)* Ihe financial 8lalemeiil8', glve a true and falr vlew of the slate of the company's 8ffali$ as 8131 March 2024 and of Ils deficit for the flnanclal yaar th8n ended,, have be8n propely prepared In accordance wllh Urnlt Klngdom Gèn&rally Accepted Accounilng Practlce,. and havo been prepared in accordance wtth the requlremenls of the Companlès Act 2006 and the Charltlas Act (North8rn Ir6landl 2008. Ba$ls for oplnlon We conducted our audit in accordance with International Standards on Auditlng {UK) IISAS (UK)} and appllcable law. Our re8poiisibililies under those standards are further described in the Auditor's r8spon8ibililies for Ihe audll of Ihe financial statemenls section of our report. We ar8 Independent of the company In accordance wfLh ethlcal requirements that relevant Èo our audit of Ihe financial slalements in the UK, including the FRC'S Ethic81 Standard, ond the Provlsions Available for Audi18 of Small Entille8, In the circum8tancgs 881 out in Note 4 10 thg financlal slatemenls, and we have fuiftlled our other ethlcal responslbllities in accordance wlth these requlr8m8nls. W@ bell8ve that the audit evidence we have obtained 18 sufficient and appropriate to provide a basi8 for our opinion. ConGIuGlons relatlng to going Gon¢ern In 2udlllng the financlal stalements, we h&ve con¢luded ihat Ihe Iruslees, use of the going ooncern basls of a¢untIng In the proparatlon of the flnandal statements 18 appropriate. Based on the work we have performed, we have not Identified any malerial uncertalnties relating lo events or condltlons that, Indlvldually or collectively, may ¢asl slgnlflcant doubt on the company's ablllty lo contlnue as a going concom for a peri((l of at leasl Iwelve months from the dale when the financial statements are authorlsed for Issue. Our r8spon8lbllllles and th6 rasponslbillltes of the trustees wllh respect lo golng oon¢ern are descrlbed In th2 relevanl secllons Of thls r8POrt. other Informatlon Th8 Other informalion comprises the informalion Included In th6 annual report othèr Ihan tho financlal statement8 and Dur Audilovs Repori Ihereon. The trustees are responslbla for thè other Informallon contalnod withln Iha annual report. Our oplnion on the financlal slalement8 does not covar tha olhor Informallon and. excapt lo the gxlenl otherwi80 expllcitly statecl in our report, we do nol èxpre8s any form of assurancè concluslon Ihereon. Our responslblllly 15 to road the olh8r information and, in doing so, con81der whether the olher Inform8llon18 m8tÈrlally inconsislenl wilh the financial slalernenl8 or our knowledg& obtaln8d In the course of the audll, or otherwise appears to be materially misslaled. If we Identify such mal&iial inconsistencies or apparent material mis$tat&ments, we are required to delermlne whether thls gives rlse lo a mal@rial mi8Statemenl in Ihe financial slatemenls themselv88. If, based on the work we have perfomied, we conclude that Ihere IB a material mi$slalemenl of this olhgr infom)alton. w& are requlred to report Ihal fact. We have nolhing to report In thi8 regard. Oplnlon on other matter pres¢rlbed by the Companle5 Act 2006 In our oplnion, based on Ihe work undertaken In the cour8e of the audll: Ihe Informatlon glven in the Twstees, Annual Report for the flnanclal year for which the financial stalemont3 aro preparod Is conslslent wllh Ihè flnanclal statemenl8' and the Trustees, Annual Report has b66n prepared In OrdanCe wilh applicable legal requirements.
INDEPENDENT AUDITOR'S REPORT to the Members of Falls Community Council Limited IA coinpany Ilmlted by guarantèe, not havlng a shore capll? Matter8 on whlch we are requlred to report by 6xcgPtlon In the Ilglil of OLir knowledge and underst8ndlno of thè company and 11$ environmenl obtained In the cour66 of the audll, we have not Ideniifiod material m1881atemenls Ir) Ihg Trustees, Annual Report, We have notNng to roport In r88pecl of Ihe following matters where the Companles Act 20(JS requlres u3 lo report lo you If, In our opinlon,. adequal6 aco)unllng récords have not bèen kept,. or the financlal slal8m9nls are nol in agreement with the accounllny records and raturns,. or certain dlsclosures of Irustees, r@munerallon specified by law are not madg: or the trustees were nol enlllled to prepare the financial 81alern8nts in gccordance wlth the 8mall companies regim8 8nd tak8 advanlage of thg small companle6' exemption in preparlng thè Tru$te@s' Annual Report. Respon8iblllties or tru8te68 for tho flnanclal ststements As explaliied more fully in the Statement of Trustees, Responsibililies set out on page 6, Ihe Irusleès are responslble for the preparallon of the financi81 slalements and for belng sallsfied that Ihey give a true aiid falr vlew. and for such Internal Control as they determine Is necessary to anable the preparation of finanolal slalements that aro fr8e from mal8rlal misstatement, whether dug to fraud or error. In preparing (he flnancial slalemenls, the trustees ?r6 rgspDn$lble for assessing the companys abilily lo conllnue as a going con¢ern, dlscloslng, gs appllcable, matlets related lo golng concern and uslng the going concern basS8 of ae£ountlng unles5 managemenl either intends to liquidalo thè company or lo coa8e operallons, or has no reallsllc altematlve bul to do so. Audltor'$ responslbllltles for the audlt of th6 flnanclal statomants Our obJectlv6s ar& to oblaln roa$on8ble a88Utancg abDLrt wheth&r the flnanclal slalaments as a whDle are free from material mlsstatament, whether due lo fraud Dr error, and lo Issue an Audllols Report thal includes our opinion. R@asonable assurance Is a hlgh16vel of assurance, but is not a guarantee Ihat an audll conducted in accordance with ISAS {UKI will ah¥ays detect a malerfal mi88talement when il exlsts. Mlsslslements can ar158 from fraud or error and are considered malerlal If, indlvldualty or in the aggregat8, thgy could reasonably be expecled to influence the economlc d8cl8lons of users taken on the basis of Ihpse financial slatemenls, Irregularili8s, includlng fraud, arg Instances of nortrcompliance with law8 and regulallon8. We deslgn procedures In Ilne wlth our I'@spon8ibllltles, outllngd above, lo detect malerial misstatem8nts In r&specl of irregularllles, includinu fraud. The extent lo which Dur procedures are capable of delecllng irregularitlos, Indudlng fraud Is detalled bolow- Enquiring ofman8g8ment. Identifying, evalualing and complylng wlth laws and regulations and whether th8y arè awartr of any Instances of non-comp11an, DgteGling and respondi lo ri8ks Of fraud ancl whether they have knoedg8 of any actual. suspected of alleged fraud. DI8cu881ng gmong the eng8gem8nt leam as lo how and where fraud mlght OCCUT in the Financlal Staloments Indudlng usual journal enllres, complex transactions 9tc. Obtaining an under8landing of the leg81 and regulatory framework Ihg ¢ompany opergtos in and focu61ng on th08e that have a dlrect effect on the financial slAtement8.
INDEPENDENT AUDITOR'S REPORT to the Members of Falls Community Council Limited IA company IlmStsd by guaranta&, not havlng a Ehare capital) Furuior Informatlon regarding the Scope of Dur r88pon8lblllllés as audltor A8 part of an audil in accordance with ISAS (UK), we exercls6 professional judgement and maintsln prof988ional 8C8Pticism throughout the audlt. Wè 8180- Idenlify and assess the risks of material mlsstabment of th8 financt81 slatemgnts, whether due to fraud or error. design and perfomi audlt proceduras responsive lo those risks, and obtaln audit evidence that Is sufficienl and appropriaté to provid6 a basls for our oplnlon. The ri8k of not detecting a materlal misstatement resulting from fraud is htghér than for one rèsutting from error. as fraud may involve collusion. forgery, intsnlional omlssions. misrepresentstions, or the ov8nide of inlemal control. Obtaln an understanding of internal control relevant to the audlt in ordor to design audit procedure8 that a appropriate in Ihe clrcurnstans, but not for the purpose of expresslng an opinion on the effectivéness of th6 companys inlemal control. Evaluale th8 appropriateness of accounting policl&s used and the reasonableness of accounting eslimat8s and r61ated disclosures made by trustees. Conclude on tho appropriateness of the trustses, use of the going concern ba$is of accountlng and, based on the audit evidence obtained, whether a material uncertainty exists relat6d to events or condlllons that may oasl significant doubt on lh8 company's abillty to continue as a going concem. If wè Conclude that a material unrtainlY èxists. we are r8qulred to draw attenlion in our Auditor'8 Report to tha ralaeed disclosures in the financiel stalem8nts or, tf Such dlsclosures are Inadequate, lo modify our opinion. Our concluslons are based on the audit evidenc8 obtained up to the date of our Auditorfs Report. Howèvar, future gv8nts or conditions may cause the ¢ompany Io c8ase to continu@ as a going COnrn. Evaluate the overall presentation, structur8 and content of the financial statements, including th8 disclosuras, and whether the financial 8lalem8nts represent the undèrlying transad¢n8 and events in a manner that achievès fair presèntatlon. We communlcate with those ttharged with gov8mance regarding. amang other matters, the planned scope and timing of the audit and slgniff¢ant audit findings, including any significane defienCieS in Intern81 control that we identify duiing our audiL Th8 purp088 of our aUdItvrk and to whorn we owe our re8pon81bllltlas This report is mada solely to thè companls members, 88 a body, in accordance with Chapter 3 of Part 16 of Ihe Companies Act 2006. Our audit wort< has been undertaken 80 that we might State to th& company's members those matters we are requir8d to stat8 to thèm In an auditors report and for no olh8r purpos8. To the lIaSt extent permltted by law, we do nol accept or as8um8 r8sponsibilily to anyone other than the company and th8 company's members as a body, for our audit work, ft)r this report. or for the opinions vve have formed. Claran Mccavana (Senlor Ststulory Auditor) for and on bghalf of QUARTER Chartered Accountants and Staknory Auditors st.Annes Hou88 Cathedral Quarter 15 Church Street Co.Antrim BT11PG 18 December 2025
Falls Community Council Limited IA ttompany Ilmlted by gu&ranl2&, 1)ol hgvliig a &hgre ¢apltall SUMMARY INCOME AND EXPENDITURE ACCOUNT for th6 Ilnanclal year ended 31 Mah 2024 Statement of Financlal A¢tlvllles 2024 2023 as reslaled Gross income Unre51r(cted funds Reslrlcled funds 212,973 698,680 911,653 8,295,238 Total Income Total expendlture 911,653 8,295,236 1992,511} (1,(D8,840) Net Incomellexpendlturt) 180,858) 7,196,396 The Company ha8 no recDgnised gain8 or10s8e8 Other than the rosulls and cash flows for the flnancial year. Tho results for the financial year have been calwlat@d on Ihe hl8torlcal cost ba81s. The notès on p&ge8 1310 19 form part of tha ftf8ncl81 statements
Falls Community Council Limlted IA compary Ilmlted by uiiorants&, not havlng a Bhare ¢apltall Company Numb(gr,' N1041704 BALANCE SHEET as al 31 March 2024 2024 2023 Notès Ss rèstated Flxed As5ots Tangible assets 13 7,371,058 7,518,334 Current A88ets Debtors Cash at bank 8nd In hand 14 256,711 13,544 271.110 5,119 270,255 276.229 Credltors: Amounts falllng due wlthln one year 15 1108,662> (139,302) Net Currént Assets 161,593 136,927 Total Assets1888 Current Llabllltlos Y,532,651 7,665,261 Creditor5 Amounls falllng due aftèr mora Ihan one year 18 1200,3941 1242,146) Tolal Net Asgets 7,332,257 7,413,115 Funds Endowment funds In¢ome lunds: Reslrlcted trust funds General fund (unrestrlcled) 7,026.335 7,178,335 17 184,955 120,867 72,600 12,280 Total funds 18 7,332,257 7,41a,115 Thesè flnanelal slelements have been prepared In accordance with the special pvISIonS relating lo SMAII cnmpanl8S withln Part 15 of the Companies Act 2QO6. The Itnanclal statements have beèn prepared In aGcordance with Ihe provisions applicable to eompanle8 subject lo Ihe small companlos, r6glm6 and In accordan wilh FRS 102 "The Financial Reporting Slandard appllcable IhB UK and Republic Df Ireland" applylFTrJ 8ectton 1A of that Slandard. Approved by the Board of Trustoes and authorl8ed for Issue on 18 December 2025 and Slgned on Its behalf by ,'&Yie Ms Chrlssie Marie Mcauley Dlrector Thfy no105 on pages 13 10 19 brm part of the linancrel stalgmenls 12
Falls Community Council Llmlted IA ¢ompany Ihwlted hy guarantfje, not havlng a share capltall NOTES TO THE FINANCIAL STATEMENTS for the financial year endsd 31 March 2024 GENERAL INFORMATION Falls Community Councll Llmlt8d Is a Company Ilmlled by guarantee incorp)raled In Northgin Ireland. The reglstered offloe of the company is Sl Comgalls, Dlvls Street, Belfast, Antrim. BT12 4AQ whicli Is also the prlnclpal place of buslness of the company, The flnanclel 8talements have boen presBnt6d In Pound (£) whlch is also the functional rrencY of tho company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting polloles have been applled conslslerltty In deallng wllh Items which are con$ld8red material In rèlatknn to the chgrfty's financlal slatem8nts. Bas1$ of preparatlon The Ilnanclal statements hav8 been prepared on the going concern ba51s under the hlslodcal cost Gonvenlion, modified lo Indude certain Items at falr value. The flnaiicial 8181emenls havo begn prepared in a¢¢ordance with the SlalemeNI of Recomrnended Practice (SORPI Accountlng and Reportlng by Charilles preparing Ih6ir Le•unIS in 8C(y)rdance wilh the Flnan¢iai Reporting Slandaid &pplicAble In thè UK and Republlc of Ireland FRS 102 applylng Section 1A Df that Standard. As pernitled by the Companles Act 2008, the company has varled th6 81andard form2ts in Ihal act for the Staiemenl of Financial Aclivili88 and the Balance Sheol. Departures fiom the standard formats are lo comply with the requlrements of the Charilie8 SORP and are In compliance wlth secllon 4.7. 10.6 and 16.2 of Ihal SORP, statèment of compliance The finandal statements of Ihe company for Ihe flnancial year ended 31 March 2024 have be6n pr&pared on the yolng concern ba&18 and In a(ordE)nCe wllh the Slatoment of Recommended Pracllc? ISORPI 'Accounling and R6POrting by Charitles preparfNg their accounts In accordance with the Finandal Repong SlarKlard applicabl8 It) the UK and Republic of Ir6land FRS Iir2 applying Section 1A of that Standard. Fuiid accountlng The followlng ara the categorles of funds maintained., Restrlcled funds Restrtcted funds repre8ent income received which can only b8 used for parllcular purp08e8, as spefIed by the di)nor8, Such pOS&S al'e wlthln the overall obJectiv88 of the company. Unrestricted funds Unre&trlcled funds con8lst of G8neral and Deslgnated funds. General funds represent amount8 whlch ar6 expendable al Ihe di8cretlon of th8 board, In further8n¢e Df Ihe objectives of the company. Deslgnaled funds ¢yJmpris8 unr8slrlcted funds that the board has, al its discrètlon, set aslde for parli¢ular purposes. These desEgnation8 havo an admlnlstralive purpose only, and do not legally reslrld Ihe board's dlscretlon lo appty the fund. Incom Income Is reoognlsed by inclu8lon In Ihg Slalemenl of Financlal Actlvltle8 only when Ihg company Is legally entitled lo the Income, performance condllion8 allached to th8 itemls) of Income hav8 beon mel. the amounts Involved can be m&asur8d wtlh sufficlent reliabilily and it Is probabla Ihal Ihe Income will be recdv&d by the company. Income from charltgble actlvltlos Income from charitabl8 act[lIeS inolude Income earned from the supply of 8eNices under conlraclual arrangements and from perforfnanGe related grants which have conditk)ns that specify the provl3ion of partlcul8r sejvlces to be provlded by the company, Income from gDvemmenl and other co-funders 16 I'eaognlsed when the (yjmpany IB legally entitlèd to Ihe Income because it is fulfilllng the cond111ons Gonteined In the relalpd funding agreemenls. VWh6re a grant Is received in 8dvance, Ils r6Gognltion is deferred and Included In CTedilors. ere 8ntillemenl occurs before Inme is reGeived, it is accrued In dèblor8. Grants from governments and other co-fund&rs lyplcally Include ong of the following typBS of Condltlons: Performance based conditiDns-. whereby the company Is cuntraclually enlilled lo funding only lo Ihg extenl Ihal thé core objeGtlves of the grant agreement are achleved. Where the company is meeling the core 13
Falls Community Council Limited IA company Ilmltèd by guarantoe, not havlnu a sharè oapltall contlnued NOTES TO THE FINANCIAL STATEMENTS for tho flnan¢lal year ended 31 March 2024 objectlves of a grenl agr6em6nt,11 recognlses the rel818d expendllure. to th6 exlenl Ihal il 18 reimbursable by th& donor, as income. -Tlmg based con(llllon8.' whereby Ihe company Is contractually enlllled lo fundlng on the condillon thal11 Is ullllsod in a parlicular period, In these cases the company recogn18es the Income to Ihe exlenl il 18 iltllised wlthln th8 perlod speclfled In tho agreemenl. In the ab88nc& of su¢h condltlDn8, a&8umlng Ihal receipt Is probable and the amount can be rgliably mea8ur8d, grant Income 18 recognised once the company Is notlfiBd of enllllament, Grants recelved towards c8pllal expenditure are credlled lo the Slalement of Flnanclal Actlvlties when reIVed or reeelvablg. whlchgver Is eart1er. Expendlture Exp6ndilure Is an8lysed between ¢os15 of charllable activities and raislng funds. The costs of each 8cllvlly are sgparalely accumulatgd and di8010$8d, and analysed according to thgir major vomponenls. Expenditure Is recognlsed when a legal or constructNe obligation exlsls as a r88uII of a p881 event, a tran8fer of economlc ben8fils Is requlred In 8elllprnenl and the amount of the obligation can be rellably measured. Support C08ls ar8 those fun¢tlons Ihal asslst the work of th8 (x)mpany bul cannot be atlrfbuled to one acllvily. Such costs arè allocatèd lo aciivitles In proportion lo staff time Snt or other suitable moasur8 foi. each acllvily. Tanglble fixed assets and depreciation Tangibi8 flx8d assats arg staled 91 cosl or at valuatlon, less accumulated deprectallon, The charge lo depro(#allon 18 calculateci to wrlt8 off Ihe original c08t or valuatlon of tangib18 fixod a88els,16ss Ihelr estimated residual valu8, Over thelr expected useful lives as follows.. Land and building8 freehold FL¥lures, fittings and U1pm9n* 2% Straighl line 20% R8ducing Bal&nco Dgbtors Debtors are recogni8ed 8t Ihe 8ellleinent amount due afler any discount offered. Prepayments are valued at the amount prepald net of any Irad8 discounts due. Income recognised by ihe company from government gencles and other co-funders, not yet rec&lved al financl81 ygar end, Is Included In debtors, Cash at bank and In hand Cash al bank and in hand comprtses cash on deposit at banks requiring 188$ than three months iiottce of WithdwaI. Taxotlon and deferrod taxatl¢n No curronl or deferred laxallon arlses as the Gompany has been granled charitable exempllon. ltrecoverable valued added tax is expensed as Incurrod, Dèferr 19x is recogni88d In r8spéct of ail tlmlng differences Ihat have orlglnated bul not revgrs8d al lh8 balance sheet date where transadlons or events have <(rred al that dale Ihal will re8uIt in an obllgallon lo pay more lax in the fulure, or a rlght to pay less lax in tho fLJlur8. riming Llifference8 are temporary dlffer8nc8S between the company'8 18xable Income and Ils rosults as 8taled in th6 Ilnanclal statements. DOfeed lax 1$ measured on an undlscounted basis al (he lax rates that aro antklpated to apply in the perlod8 in whlch the tlming diff8renco8 are exp6¢ted to rever8e, b88ed on 18x rates and law8 Ihal have b8en enacted or substantlvely enacted by tho balance sheel dalé. LIABILITY UMITATION AGREEMENT The limllallon of Iha flrm'8 Ilablllly for Ih18 6ngagement, whlch Is capped at flve tlm&s the amounl of profe&8ional fees actually paid. Is referenced in the letter of engauemenl daled 19th August 2025. This was approved on 19th August 2025. PROVISIONS AVAILABLE FOR AUDITS OF SMALL ENTITIES Ir) common with many other company of our slz6 and naturq we use our 8uditors lo asslsl wllh the preparation of Ihe financial slalemenl8. 14
Falls Community Council Limited IA company Ilmllpd by guarantag, not havlng a sharè capllall continLied NOTES TO THE FINANCIAL STATEMENTS for the financial ygar 8ndad 31 March 2024 CRITICAL ACCOUNTING JUDGEMENT AND ESTIMATES la} Crltl¢al ludgetllonts In applylng the company's accountlng poll¢ies'. Th8rg are no crtlcal Judgernenls in applylng ihe charitabl8 currpanies accounting poliGle8. {b) Kgy a¢countlng e$tlmates and as8umptlon5 There 8re no key accounllng estimales and &88umptions in applylng th6 charitable compgny's accountlng policles. INCOME DONATIONS AND LEGACIES Unrestrfctsd Restrlcted Fuiids Funds 2024 2023 Donatlon8 and legacies 66,312 66,312 7,300,OC CHARITABLE ACTIVITIES Unrestrlctsd R8slrlcted Fund5 Funds 2024 2023 Grants from govèrnment9 and other co.funder8: Income from charllable aalivilies 212,973 632,368 845,341 995,236 EXPENDITURE CHARITABLE ACTIVITIES Dlrect C08ts Other C08ts Support Costs 2024 2023 Expenditure on Gharilable aclivltes 148,791 843,720 992,511 1,098.840 SUPPORT COSTS Charltsble Actlvitles 2024 2023 Legal & Profes$lonal Fees Audll Fee8 Wages Interest and Bank Chargès Runninu C08ts Depre¢iallon 13,025 5,000 531.126 41,776 89,614 163,180 13,025 5,000 531,126 41,776 89,614 163,180 29,784 608,551 14,411 114,777 122,085 843,720 843,720 889,608 ANALYSIS OF SUPPORT COSTS 2024 2023 Legal & Professlonal Fe8S Audit Fees Wages Interest and Bank Chargss Running Costs Depreoiatlon 13,025 5,000 531,128 41,775 89,614 163,180 29.784 808,551 14,411 114,777 122,085 843,720 889,608 15
iillnued Falls Community Councll Limited IA company Ilmlted hy gugr4ntge, iiol havlng a shaw capltall NOTES TO THE FINANCIAL STATEMENTS for the financl81 year ended 31 March 2024 NET IMCOME 2024 Net Incomelg ststed aftgr charglngllcredltlngl: Depreclallon of tangible a88els 163,180 122,085 10. INTEREST PAYABLE AND SIMILAR CHARGES 2024 2023 On bank loans and overdrafts 15,300 12,797 EMPLOYEES AND REMUNERATION Number ofemployo9s Th8 av8ragÈ numbér of persons gmployÈd (Includlng execulive Irustges) durlng Ihe financial year was as follows.. 2024 NumE)èr 2023 Number Total Number of 8mployee8 18 18 The staff costs comprfse". 2024 2(r23 Wages and salaries Social $8curily v)8t8 Pension c08ts 468,231 36,206 27,689 584,859 23,692 531,126 608,551 PRIOR FINANCIAL YEAR ADJUSTMENT Prlor Year Restatement Granls In relallon to the 8t Comg81'8 property hav& been recognised a8 endowment funds In the prior y&gr, as a re8uIt of Ihls Incomè has Incr888@d by £7.3m, this was in line with proper I•tment undor ¢harity SORP. Deprectalion of £121,Q85 has been charg8d in line with FRS102. Th9re was a PAYE adlu8lmenl of £59,489 and Pension had a150 been adjusted by £13.950 wilh thls reslalement. This is in Ilne with the accruals accounting requlremenl per charlty SORP. The Slal&menl of Flnancial ActivStFes and balance sheet have been reslaled wllh a positive effect on profil of £7,178,371 as a resull cf Ihe rfr¢l8$slficallon whllsl reseryes h8d a decrease of £121,886. 16
continued Falls Community Council Limited IA ¢ompatty Ilmttod by guarantee, i)ol havliig a sliaro capltall NOTES TO THE FINANCIAL STATEMENTS for the financlal year ended 31 March 2024 13. TANGIBLE FIXED ASSETS Land and PtUreS, bulldlng8 flltlngs and freehold equlpment Total G08t At 1 Aprll 2023 Addlllon8 7,600,000 78,123 15,904 7.878,123 15,904 Al 31 MarGh 2024 7,600,QOO 94,027 7,694,027 Dapreclatlon Al 1 Aprll 2023 Gharge for th& flnandal year 121,6$5 152,000 38,124 11,180 159,789 163,180 Al 31 March 2024 273,665 49,304 322,969 Net book value Al 31 March 2(Y24 7,326,335 44.723 7,371,058 At 31 March 2023 7.478,335 30,999 7,518,334 14. DEBTORS 2024 2023 Trade debtors Other debtor8 160,939 95,772 167,264 103,866 256,711 271.110 15. CREDITORS Amounts falllng due withln one year 2024 2023 Bank overdrafts User d8flnable l¢an des¢. Taxallon and sodal securlly co818 Qlher credltors Accruals and déf6rrgd income 10.034 27,867 48,090 6,67q 18,000 44,386 94,916 108,662 139,302 16. CREDITORS Amount5 falling due aftor mor9 than one year Bank loan User deflnable loan deso 2024 2023 155,071 45,323 185,7es 66,381 200,394 242,146 RBpayable In one year or less, Dr on dernand (Note 15) Repayable belweon one and Iwo y08r8 Repayable betsveen two and five years R8payablo In fiv8 years or more 37,901 27,867 83,602 B8,925 44,386 27.867 83,602 12Ci.677 238,295 286,532 17
Falls Communlty Council Limited IA company Ilmltod by guarantee, not havliig a sharo capllall contlnued NOTES TO THE FINANCIAL STATEMENTS for Ihe flnanclal year ended 31 March 2024 17. RESERVES 2024 2023 At Ihe bgglnnlng of the year {Deficil)ISurplus for the financlal year 7,413,115 216,719 180,8581 7,198,396 Al the énd of th& year 7,332,257 7,413,115 18. FUNDS 18.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestrlcted Restricted Endowment Funds Funds Fund8 Total Funds Al l Aprll 2022 Movement during the financial year 144,219 18,081 72,500 216,719 7,196,3g8 7,178,335 At 31 March 2023 Movernent during the financlal year Al 31 March 2024 162,280 141,3131 72,500 7,178,335 112.455 (152,000) 7,413,115 {80,858} 120,967 184.95 7,028,335 7,332,257 18.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance l Aprll 2023 Income Expenditure Transfers between nds Balance 31 March 2024 As r88tated Endowment fund6 Belfast City Councll Northern Ireland Executive 3,527,001 3,851,334 76.000 76,0 3,451,001 3,575,334 7,178,335 152,000 7,026,335 Reslrlcted fundB Belfa81 City COU11 Departmenl for Communlt16S Community Relation8 Councll Dept of ForekJn Affair8 Reconcillolion Fund Rank Foundallon HLF Ulster Wldlrfe Department of Ju811c8 WBCSF PHA Dormanl Account8 NIHE DOFA Civlc Soclgly 89,930 241,891 32,585 33,727 85,282 277,098 32,585 32,727 4,648 37,295 72,500 1,0 29,615 32,115 25,260 67,586 8,000 17,854 9.000 16.530 9,950 2,500 25,260 102,020 8.000 18,101 g,ODO 100,000 9,950 23,861 34,434 247 83,470 23,861 72,500 698,68D 613,986 27,780 184,955 Unre8trlcted funds Unreslrlcled General 162,280 212,973 226,526 (27,7601 120,067 Total funds 7,413,115 911,653 992,611 7.332,257 18
conllnu&d Falls Community Council Limlted IA company Ilmlted by guarantso, not havlng 4 shara capltoll NOTES TO THE FINANCIAL STATEMENTS for the ffnanclal year ended 31 March 2024 IB.3 ANALYSIS OF NET ASSETS BY FUND Flxed a88ets charlty use Current assets Current Long-tsrm Ilablllt198 Ilabllltle8 Total Endowment capil41 Pemianenl 7.326,335 7,328,335 Restrld6d Irusl fund8 170,323 iii,0001 159,323 Unresliicted general funds 44,723 g4,782 {92,6121 1200,3941 1153,40rf) 7,371,038 265,105 1103,612) 1200,3941 7,332,257 19. STATUS The company Is a company limlted by guaranlee not havlng a share pItal. The Ilabillty of the members Is Ilrnltod, Every member of the company undertakes lo conlriL)trte b the a$sel8 ¢Jf the company in Ihe event of118 b8lng wound up while Ih8y are rnembers, or wllhln one financial year Ihergafter, for payment of the d8bls and Ilabllltlgs cf the company contracted before they ¢eaBed to be members, and the cosls, charge5 and exp8nses of wlndlng up, and for Ihe adjustment of the rights of tho contrlbutor8 among Ihemsehjes, such amunt as may b8 r8qulred, not oxceedlng £ 1. 20, POST-BALANCE SHE EVENTS There have be8n no 8ignificant 8V6nls affedlng th8 Charfty Sin the financlal year4nd. 19