Charity Registration Number: 101566 LARGY COMMUNITY GROUP Report and Accounts for the Year End 31 March 2023
LARGY COMMUNITY GROUP Report and Accounts for the Year End 31 March 2023 Contents Page Independent Examiner's Report Funds Statements: Receipts and Payments Account Statement of Assets & Liabilities Notes to the Accounts
LARGY COMMUNITY GROUP Independent Examiner's Report to the Trustees of Largy Community Group I report on the Accounts of Largy Community Group for the Year Ended 31 March 2023 which are set out on page5 2 to 4. Respective Responsibilities of the Trustees and Examiner As the Charity's Trustees you are responsible for the preparation of the Accounts in accordance with the Charities Act (Northern Ireland) 2008. It is my responsibility to: examine the Accounts under section 65 of the Charities Act 2008 follow the procedures laid down in the general Directions given by the Commission under section 6519llb} of the Charities Act 2008 state whether particular matters have come to my attention Basis of Independent Examiner's Report I have examined your Charity Accounts 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 6519llbl of the Charities Act My examination included a review of the accounting records kept by the Charity and a comparison of the Accounts presented with those records. It also included consideration of any unusual items or disclosures in the Accounts, and seeking explanations from you as Charity Trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe.. l. That accounting records were not kept in accordance with section 63 of the Charities Act 2. That the Accounts do not accord with those accounting records 3, That the Accounts do not comply with the accounting requirements of the Charities Act 4. That there is further information needed for a proper understanding of the Accounts to be reached Independent Examiner's Statement I have completed my examination and have no concerns in respect of the matters111 to {41 listed above and, in connection with the following the directions of the Charity Commission for Northern Ireland- I have found no matters that require drawing to your attention. rc,L( 125 Knockahollet Road Dunloy Ballymena Co. Antrim BT44 9BT Fiona Gillan ACA Chartered Accountant Date: i£111112 Page I
LARGY COMMUNITY GROUP Statement of Receipts & Payments for Year End: 31 March 2023 Unrestrirted Restricted Funds 2023 Funds 2023 Total Funds 2023 Total Funds 2022 RECEIPTS Grants Bowling Club Fees Donations & Fundraising Events Insurance Proceeds 3,837 3,837 2,000 488 1,118 80 1,118 80 19,000 50 19,000 5,034 19.000 24,034 2,538 PAYMENTS Repairs & Maintenance Insurances Utilities Health and Safety Accountancy Advertising Bank Fees General 7,171 7,171 1,419 1,469 1,036 50 113 76 21 1,419 1,469 1,036 50 113 76 21 1,281 632 321 165 iii 73 4.184 7,171 11,355 2,583 Asset/lnvestment Purchases Transfer Between Funds Surplus/{Deficit) for the Year 850 11,829 12,679 -45 Page 2
LARGY COMMUNITY GROUP Statement of Assets & Liabilities for Year End: 31 March 2023 FUNDS RECONCILIATION Unrestricted Restrirted Funds 2023 Funds 2023 Total Funds 2023 Total Funds 2022 Brought Forward 1st April 22 Surplus/l Deficit) Total funds Carried Forward 31st March 2023 306 11.829 306 12,679 352 851 -45 851 12,135 12,985 306 BANK & CASH BALANCES Danske Bank Current Account 12,985 1,306 12.985 1,306 OTHER ASSETS LIABILITIES Loan -1,000 TOTAL NET ASSETS 12,985 306 Page 3
LARGY COMMUNITY GROUP Notes to the Accounts for Year End: 31 March 2023 Accounting policies Policies relating to the production of the Accounts Basis of preparation and accounting convention The Accounts have been prepared on the receipts and payments basis, under the historical cost convention, and in accordance with The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 which are applicable to the f inancial years of registered charities beginning on or after l January 2016 or their date of registration with the Charities Commission for Northern Ireland. Going Concern The charitable activities are entirely dependent on continuing grant a id and voluntary donations as well as trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Accordingly, the Trustees, after reviewing the financial forecasts for future periods, are satisfied that, at the time of approving the financia I statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainties about the Charity's ability to continue as a going concern. Fund Accounting Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law. Liability to taxation The Trustees consider that the Charity satlsfies the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 for UK corporation tax purposes . Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gain5 received. Winding up or dissolution of the Charity If upon winding up or dissolution of the Charity there remain any assets, after the satisfaction of all debt5 and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies which have similar object5 to the Charity. Page 4