Company Registrdtion Nurnber: Nl 621319 Charity Number: 101654 Aughlisnafin Community Association IA company limhted kry guarants•. not having a share Gapitall Annual Report and Unaudited Financial Statements for the financial year ended 31 March 2023
Aughlisnafin Community Association IA company IlmSt8d by guardnts8, not having a sharn cawtsll CONTENTS Page Reference and Administrative Infomiation Trustees, Annual Report Statement of Trustees, Responsibilities Independent Examine¢s Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9-12
Aughlisnafin Community Association IA company limitgd by guarantee, not having a sharn capltall REFERENCE AND ADMINISTRATIVE INFORMATION Trustees Brendan Scullion James Quinn Gerard Lenaghan Patricia Quinn Thomas Walsh Cofflpany Secretary Marie Scullion Charity Number in Northem Ireland 101654 Company Registration Number Nl 621319 Registered Office and Principal Address 35 Aughlisnafin Road Casdewellan Down BT31 gJR Independent Examiner Malone Accounting 12 Causeway Road Newcasle BT33 ODL Principal Bankers Ulster Bank Limtted 29 Upper Square Casllewellan County l)own BT31 9DD
Aughlisnafin Community Association IA company limited by guarantsfr, not having a share Ca1> TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2023 The Iruslees present their Trustees, Annual Report. mbinIng the Director5. Report and Tnjstees, Report, and th8 unaudited finanual ststements for the financial year ended 31 March 2023. The financBI statements are prepared in accordance wrth the Companies Act 2()6. FRS 102'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and Accounting and Reporting by Charities". Ststemenl of Recommended Practice applicable to charities preparing their financial stalements in accordance with the Financial Reporting Standard applicable in the UK and Republ of Ireland (FRS 102>. The Trustees, Report contains the information required to be provided in the Trustees, Annual ReFQrt under the Statement of Recommended Practice (SORPI guidelines. The Injslees of the company are also charity Iruslees for Ihe wrpose of dwrity law and under the company's constilutM)n are known as members of the board of trustees. In this report the Injslees of Aughlisnafin Communty Asswation present a summary of its purpose. govemance. activities, achievements and finan(%s for Ihe financial year 31 Mard12023. The company is a registered charity and hence the report and resums are presented in a fomi which complies with the requirements of the Companies Acl 2006 and, although not obliged lo comply wrth the Statement of Recommended Praclice applicable in the UK and Republic of Ireland FRS 102, the organisalion has implemented its recommendation6 where relevant in these finanual statements. Review of Activitiès, Achlevements and Perfomian¢e Our m8in achievement 1$ the pO$'ve tjenefft lo the local community through the grounds who make use of the facility. Financial Results Al the end of the financi81 year the company has assets of £217.86312022 - £228,667) and liabilities of £42012022 - £0.00). The nel assets of the company have decreased by £(11,2241. Tru•tses The Iruslees who sepled throughout the finanaal year, except as noted, were as follows.. Bndan Scullion James Quinn Gerard Lenaghan Palriaa Quinn Thomas Walsh In accordan¢e with th& ConstEtution. the trustees relire by rotstion and, being eligible. offer themselves fof -electIOn. The Secretary who served during the financial year wa$: Marie Scullion Compliance with Sector-wido Legislation and Standard• The company engages pr¢>actively with legislats'on. stsndards and codes which are developed for the sector. Aughlisnafin Community Associats'on subscribes lo and is compliant wFlh the following.. The Companies Act 20C6 The Charities SORP {FRS 102) Approvod by the Board of Tru8 on 21 November 2023 and slgned on its behalf by: Brendan Scullion Trustee
Aughlisnafin Community Association IA Company Ilmltsd by guaranteo, not having a sharo capitsll STATEMENT OF TRUSTEES. RESPONSIBILITIES for the finanaal year ended 31 March 2023 The Iruslees, who are also diredors of Aughlisnafin Community Association for the purwses of company law, a responsible f preparing the finanoal stalernents in a(Lordance with applilxble law and regulats'ons. Company law requires the Irustees as the directors lo prepare financial stalements for eath finanual year. Under Ihal law the Iruslees have elected to prepare the financial slalemenls in accordance with United Kingdom Generally Accepted Accounting Practice (Uniled Kingdom Accounting Standards and applicable lawl including FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" Under company law the trustees musl not approve the finanaal slalements unless they are satisfied that they gNe a true and fair view of the state of affairs of the company and of the net income or expenditure of the company for that peric*J. In preparing these finanual statements, the trustees a required to: seléct suitable accounting policies and apply them consistently- make judgements and estimates that are reasonab and prudent; slate whether the financial slalemenls have been prepared in accordance with the relevant finanaal reporting framework. identify those standards. and note the effect and the reasons for any material departu from those standards., and prepare the financial slalements on the going concem basis unless it is inappropriate to pre8ume that the company will continue in operation. The trustees confirm that th8y have complied with the atM)ve requirements in preparing the financial statements. The Iruslees are SponsIble for keeping adequate accounting records Ihal are sufficient lo show and explain the company's transadions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial slalemenls comply wth The Companies Act 2006.. They are also responsible for safeguarding the assets of the cornpany and hence for taking reasonable steps for the prevents'on and detection of fraud and other irregularilies. Approvod by tho Board of Tru• on 21 Novomber 2023 and sigrbed on il• bfrhalf by: Bndan Sculllon Trustee
Aughlisnafin Community Association IA company limited by guarantee, not having a share capital) INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF AUGHLISNAFIN COMMUNITY ASSOCIATION We have examined the financial stalemenls of the company for the finanaal year ended 31 March 2023. which comprise the Stalemenl of Financial Activities (incorporating an Income and Expenditure Account), the Balance Sheet and the related notes. This report is made solely lo the company's members. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2CQ6. Our work has been undertaken so that we might compile the finanoal statements Ihal we have been engaged to compile. report to the Board of Tru$tee$ that we have done so, and stale those matters that we have agreed lo slate to them in this report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility lo anyone other than the company and the company's members. as a body, for our work, or for this report. Ro¥POCtlve rnsponsibililios of trustees and examln•r The company's Iruslees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial slalemenls in accordance with the requiiemenls of the Companies Aci 2W6. The company's trustees consider that an audrt is not qUIred for this financial year under Chapter 3 of Part 16 of tha Companies Act 20C6 and that an independent examination is required. It is our responsibility to= examine the finanaal statements under section 65 of the Charities Acl., follow the procedures laid down by the general Directions given by the Charity Commission for Northem Ireland under section 65(9)Ibl of the Charilies Act,. and state whether particular matters have come lo our attention. Ba•1• of Independent examlMrf8 report We have examined your company finanaal statements as required under section 65 of the Charfties Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 6519)Ib) of the Charities Act. An examination indiides a revitrN of the accounling records kept by the company and a comparison of the financial slalemenls presented with those records. It also includes consideration of any unusual items or disdosures in Ihe financial statements and seeking explanations from the trustees 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 to whether the accounls present a 'true and fair, view and the report is limited to those matters set out in Ihe statement below. Independent •xamlnefs statsrnent In connection with our examinalion. no matter has come lo our attention which gives us cause lo believe that in, any material speCt.. accounting records were not kept in accordance with section 386 of the Companies Act 2C¥)6 the financial statements do not accord with those awounting records the financial slalemenls have not been prepared in aixordance wilh the accounting requirements of section 396 of the Companies Ad 2006 and with Ihe methods and principles of the Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iland {FRS102) there is further infomalion needed for a proper understanding of the accounts to te reached. We have no cOnrnS and have come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the finanual statements to be reached. Aidan Malone {FCA) Malone Accounting 12 Causeway Road Newcastle BT33 ODL Date: 21 November 2023
Aughlisnafin Community Association IA company limitgd by guarant88, not having a sharn capltsl} STATEMENT OF FINANCIAL ACTIVITIES Ilncorporating an Income and Expenditure AGGount) for the finanual year ended 31 March 2023 Unrestricted Restricted Funds Funds 2023 2023 Totsl Unrestricted Restricled Funds Funds Funds 2023 2022 2022 Total Funds 2022 Notes Incorning Resources Activities for generating funds 896 896 Resources Expended Raising funds Charitable activf(ies 5,947 420 17.347 420 4,303 420 11.4()J 15.703 420 Total Resources Expended 6.367 11,400 17.767 4.723 11,4(KJ 16,123 Net Incomel{expenditsJre) 176 (11,400) (11.224) (3,827) (11.4001 115.227) Gross transfers btheen funds Net movement in funds for the financial year 176 {11.400) {11,2241 {3.827) (11,4(K)) (15,227) Re¢onclliation of funds.. Total funds beginning of Ihe year 110.733) 239.400 228.667 (6.906) 250,800 243.894 Total funds at the end of the year (10,5571 228.000 217,443 (10,733) 239,400 228,667 The Statement of Financial Adivities indudes all gains and losses recognised in the finanaal year. All income and expenditure relate to conkn"nuing activities. The notes on pages 9 to 12 fom) part of the finanfial statements
Aughlisnafin Community Association IA Company Ilmlt¢d by guarantee. not having a sharn Catall Company Number= Nl 621319 BALANCE SHEET as at 31 March 2023 2023 2022 Notes Fixed Assets Tangible assets 216,600 228,LKJO Current Assets Cash 8t bank and in hand 1.263 667 Creditors: Amounts falling due within yoar {420) Net Current A88ets 667 Total Assets less Current Liabilities 217,443 228.667 Funds Restricted trust funds General fijnd (unrestricted) 228.000 (10.557) 239,400 110,733) Total funds 217,443 228,667 These finanaal statements have been prepad in accordance with the speoal provisions relating to small cfjmpanies within Part 1 S of the Compan*s Acl 20CE. For the finanaal year ended 31 March 2023 the company VRS entiued to exempts'on from audit under section 477 of the Companies Act 2C.. and no notsce has been depcorted under section 476. The trustees confirm that the members have not required the company lo obtain an audit of its financhgl statements for the financial year in question in accordance with secbon 476 of the CoMpanS Act 20C6. The trustees acknowledge their SponSIbl11.eS for ensuring that the company keeps aozounting records which comply with section 386 and for preparing financial statements which give a Inje and fair view of the slale of affairs of the company as at the end of the financial year and of its profft and loss for the finanaal year in accordance with the quirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 20CI8 relating to finanaal statements, so far as applicable to the company. Approved by the Board of Trust and authorised for issue on 21 November 2023 and signed on its behalf by Brendan Sculllon Trustee The notes on pages 9 to 12 fomi part ofthe finanaal statements
Aughlisnafin Community Association IA company 11m1t by guarantoe, not having a sharn capttall NOTES TO THE FINANCIAL STATEMENTS for the finanaal year ended 31 March 2023 GENERAL INFORMATION Aughlisnaffin Community Ass(tiation is a company limited by guarantee incorporated in the United Kingdom. The registered office of the company 1$ 35 Aughlisnafin Road, Castlewellan. Down, BT319JR which is also the principal place of business of the cornpany.The finanaal statements have been presented in Pound Steding 1£) which is also the functional currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting poliaes have been applied consistently in dealing with ttems which are cx)nsidered material in relation to the charty's financial statements. 8asis of preparation The financial slalemenls have been prepared on the going concem basis under the historical cost nventiOn, modrfied to indude rtain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended PracticE ISORP) "Accx)unling and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of li eland FRS 102.. As pemitted by the CoMpanS Act 20C6, the company has varied the standard fomats in that act for the Statement of Financial Activrties and the Balance Sheet. Departures from the standard fomal$ are to comply with the requirements of the Charities SORP and are in o)mpliance with section 4.7. 10.6 and 15.2 of that SORP. ststement of compliance The financial statements of the company for the financial year ended 31 March 2023 have been prepared on the going concem basis and in accordance with Ihe Statement of Recommended Practice ISORP}"Accounling and Reporting by Charities preparing their accounts in ardance with the Finanrjal Reporting Standard applicable in the UK and Republic of Iland FRS 102.. C••h flow •tst•m•nt The company has availed of the exemption in FRS 102 from the requiremenl to produce a cash flow statement because rt 18 classffied as a small company. Incomlng Rosour Voluntary income or capital is induded in the Statemenl of Financial Activities when the company is legally entitled lo it, its finanaal value can be quantified with reasonable rtaInty and there is reasonable certainty of its ultimate receipt. Entitlement to legacies is considered established when the company has been notified of distribution to be made by the executors. Income received in advance of due perfomarte under a contract is accounted for as deferred income until eamed. Grants for activities are recognised as income when the relat&d conditions for *al ents'tment have been met. Al other incom8 is accounted for on an accruals b88i8. In¢omo fr¢yn charltable actlvities Incom8 from charitable acb'vrties indude income eamed from the supply of seNices under contractual arrangements and from performance related grants which have conditions that specify the provision of particular services to be provided by the company. Income from govemment and other co-funders is recognised when the company is legally entitled to the income because ft is fulfilling the conditions contained in the related funding agreements. Where a grant is received in advatKe. its recognition is deferred and included in creditors. whe enlillement occurs before income is receNed. il is ac(¥ued in debtors. Grants from govemments arKI other ryFfunders typically indude one of the following types of condits'ons: PerfoThance based condttions.. whereby the company is contractually entitled lo fvnding only to the extenl that the core obieth'ves ofthe grant agreement are achieved. There Ihe company is meets.ng the ¢ore objectives of a grant agreement, rt rewnises the related expend51ure. to the extent that it is reimbursable by the donor, as income. -Time based condibons.. whereby the company is contractually entitled to funding on the condition that it 15 utilised in a particular p8riod. In these cases the company recognises the income to the extent it is utilised wrthin the period specified in the agreement. In the absence of such nditions. assuming Ihat recEipt is probable and the amount can be reliably measured, grant income is cOgniSed once the company is notified of entitlement.
Aughlisnafin Community Association IA company Ilmltsd by guarantso, not having a sharo ca&1> NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 Resources Expended All reSoUrS expended are accounted for on an accruals basis. Charitable acbvities include costs of services and grants, support costs and depreciation on related assets. Tangible fixed assèts and depreciation Tangible fixed assets are slated at cost or at valuation. less accumulated deplatiOn. The charge to deprerialion is calculated lo vKite off the original cost or valuation of tsngible fixed assets, less their estimated residual value, over their expected useful lives as fdlows.. Buildings freehold 4Y• Straight line Cash at bank and Sn hand Cash al bank and in hand comprises cash on deposit at banks requiring less than three rnonths. notice of withdrawal. Taxation No current or deferred taxation arises as the company has been granted tharitable exemption. Irrecoverable valued added lax is expensed as incurred. The Company is a giStered Charity and is. therefore exempt from tsxation. INCOME OTHER TRADING ACTIVITIES unrestrict Restrlcted Funds Fund• 2023 2022 Hall Hire Income 6.543 EXPENDITURE RAISING FUNDS Dlrect Co8t8 other Co•ts Support Costs 2023 2022 Raising funds 17,347 17,347 15,703 CHARITABLE ACTIVITIES Dlroct Costs Other Costs Support Costs 2023 2022 Govemance Costs {Nole 4.3) 420 420 420 GOVERNANCE COSTS Dlrect Costs Other Costs Support Costs 2023 2022 Charitable activities- govemance osts 420 420 420 NET INCOMING RESOURCES 2023 2022 Net Incoming Resources are 812ted after chargingllcrvdltlngl: Depreuation of tangible assets Independent Examine¢s rernuneration-. independent examination sep11$ 11.4()J 420 420 10
Aughlisnafin Community Association IA company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the finanaal year ended 31 March 2023 TANGIBLE FIXED ASSETS Bulldings freehold Totsl Cost At 31 March 2023 285.000 285,C#JO Depreciation At 1 April 2022 Charge for the finanaal year 57,OCrfJ 11,4CQ 57,000 11,400 At 31 March 2023 68,4crfJ 68.400 Net book value At 31 March 2023 216,600 216,600 At 31 March 2022 228,000 228.C()O CREDITORS Amounts falling due within one year 2023 2022 Accruals and deferred income 420 RESERVES 2023 2022 At the beginning of the year Deficrt for the financial year 228.667 (11,224) 243,894 115.227) At the end of the year 217.443 228,667 FUNDS RECONCILIATION OF PaOVEMENT IN FUNDS Unrestricted Restri¢tsd Funds Funds Total Funds At 1 April 2021 Movement during the finanaal year (6,906) (3,827) 250,800 (11,4C()) 243,894 (15,227) Al 31 March 2022 Movement during the finanaal year {10.733) 176 239,4C(J {11,4CQ) 228,667 (11,224) At 31 March 223 {10,557) 228.000 217,443 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 April 2022 Income Expenditu Transfers Balance between 31 March funds 2023 Restricted funds Restricted Capital Funds Unrestricted funds General Funds 239.4CQ 11.4 228,IJXI {10,733) 6.543 6.367 (10.5571 Totsl funds 228.667 17.767 217.443 11
Aughlisnafin Community Association IA eompany limlt8d by guarantse, not having a share capitsll NOTES TO THE FINANCIAL STATEMENTS continued for the finanaal year ended 31 Mafth 2023 ANALYSIS OF NET ASSETS BY FUND Flxed assets - charity use Current assets Current liabilities Total Rgslricted trust fijnds 228.(KQ 228,000 unStriCted general ftjnds {11.4CQI 1,263 14201 110,557) 216.6rio 1.263 14201 217.443 10. STATUS The company limiled by guarantee not having a shao capttsl. The liabilty of the memtets is limited. Every member of the cornpany undertakes lo contribute to the assets of the rnpanY in the event of its being wound up while they a members. or within one year thereafter, for the payment of the debts and bla"11t1es of the company contracted before they aSed to be members. and the costs, charges and exknses of Trmnding UP, and forthe adjustrnenl ofthe nghts ofthe contributors among themsefves, such amount as may be required. not exeding £ 1. 11. RELATED PARTY TRANSACTIONS No Tmstees ced any remuneration during the year arKI no trustees daimed expenses from the chanty. There Vre no related party transac*ons during the year. 12