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2024-03-31-annual-return

Charity Registration Number:

101566

LARGY COMMUNITY GROUP

Report and Accounts for the Year End

31 March 2024

LARGY COMMUNITY GROUP

Report and Accounts for the Year End 31 March 2024

Contents Page
Independent Examiner's Report 1
Funds Statements: 2
Receipts and Payments Account
Statement of Assets & Liabilities 3
Notes to the Accounts 4

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 2024 which are set out on pages 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:

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 65(9)(b) 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:

  1. 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 matters (1) to (4) 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.

Fiona Gillan ACA Chartered Accountant Date: 06/12/2024

125 Knockahollet Road Dunloy Ballymena Co. Antrim BT44 9BT

Page 1

LARGY COMMUNITY GROUP

Statement of Receipts & Payments for Year End:

31 March 2024

RECEIPTS
Grants
Bowling Club Fees
Donations & Fundraising
Events
Insurance Proceeds
PAYMENTS
Repairs & Maintenance
Utilities
Insurances
Health and Safety
Advertising
Bank Fees
Accountancy
General
Surplus/(Deficit) for the Year
Transfer Between Funds
Balance brought forward
Balance Carried Forward		 Unrestricted
Restricted
Total
Total
Funds 2024
Funds 2024
Funds 2024
Funds 2023
£
£
£
£
2,449
-
2,449
3,837
680
-
680
-
-
-
-
1,118
425
-
425
80
-
-
-
19,000
3,554
-
3,554
24,034
32
1,750
1,782
7,171
1,453
-
1,453
1,469
1,153
-
1,153
1,419
804
-
804
1,036
113
-
113
113
80
-
80
76
50
-
50
50
-
-
-
21
3,684
1,750
5,434
11,355
130
-
1,750
-
1,880
-
12,679
10,385
10,385
-
-
-
851
12,135
12,985
306
11,105
-
11,105
12,985

Page 2

LARGY COMMUNITY GROUP

Statement of Assets & Liabilities for Year End:

31 March 2024

Brought Forward 1st April 23
Surplus/(Deficit)
Transfer Between Funds
Total funds Carried Forward
31st March 2024
BANK & CASH BALANCES
Danske Bank Current Account
OTHER ASSETS
LIABILITIES
Loan
TOTAL NET ASSETS		 Unrestricted
Restricted
Funds 2024
Funds 2024
£
£		 Total
Total
Funds 2024
Funds 2023
£
£
851
12,135
130
-
1,750
-
10,385
10,385
-		 12,985
306
1,880
-
12,679
-
-
11,105
-		 11,105
12,985
11,105
12,985
11,105
12,985
-
-
-
-
11,105
12,985

Page 3

LARGY COMMUNITY GROUP

Notes to the Accounts for Year End:

I report on the Accounts of Largy Community Group for the Year Ended 31 March 2024 which 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 financial years of registered charities beginning on or after 1 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 aid 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 financial 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 satisfies the tests set out in Paragraph 1 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 gains 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 debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies which have similar objects to the Charity.

Page 4