Comp•ny R•gl•htion Number.. Nl 621319 Ch•rlty Nurnb•r' 101654 Aughlisnafin Community Association IA company Ilmil•d by g￿r￿}¢O￿, nol h￿Ing • cw"l•n Annual Report and Unaudlted Flnanclal Ststsmonts for the flnanclal year ended 31 March 2024 Aughlisnafin Community Association IA comwy limll•d by g￿T￿nI*•, not Iwhii • •h•v• c•plt* CONTENTS Reference and Admintstrative Inform*1 Trustee$. Annual Report Statemnt of Truslees, Responsibilit￿3 Independeni Examinerfs Report . Statement of Financial Actsvrtjes BalarKe Sh#t Notes to the Finarual Slatements 9-11 Aughllsnafin Community Associatson IA company Ilm+i•d by g￿T￿nI0•. not h￿Ing • #harn capi￿4 REFERENCE AND ADMINISTRATIVE INFORMATION Tru•t••• Br81￿￿n James Quinn Gerard Len8ghan PalrKa'a Quinn Th¢ynas Walsh Company S•¢r•tary Mano Sojlwi Charlty Nwnb•r In North•rn Ireland 101654 Company R•gi•tr•lion Numb•r N1621319 R•9l•t•r•d Offic• and Prfnclpal Addrn• 35 Aughlisn8fin Road CasYewol&n Down BT319JR Ind•p•nd•nt Examlmr Malthne Accounbr4J 12 Causeway Road Newcgstte B T33 ODL Prlnclp*l B•nk•rn Ulster B8nk Lwnitecl 29 Up￿r Square C8$ttewpllan County Do BT319DD Aughlisnafin Community Assoclation IA comp•ny Ilmlt•d ty guar*nl••. noi ha¥lii9 * •h•r• ¢4ots11 TRUSTEES, ANNUAL REPORT lo( Iho Iinanc4.' y•ar 0TrJod 31 MarGh 2024 Tho tru$teo1 Pf•gent thoir Tru•lO95' Annual Repott ¢(￿bInIng Directors. Report afKI Truthas, Report 4rnY tho ufi•￿ hn•rKJ•l ststemorts for fv fin8r#)al year oTrJed 31 Mwch 2024 Th• fina￿al statements are prepared In ac￿rdAnC4 with th• Compan• Act 21))6. FRS 102 'T￿ Finaw* Reportrr star￿ard applicable In the UK and Roptsbl￿ of lrnlarrf and AcctyJntrng and by Chant￿5 Stslement ol Recommondéd Prathce applicable 10 charities prepariw tPKIIT finanoal statements In acconJanc• with Ihe Financial R•wtirvJ Slandard aFylrabl• In lh8 UK and Republ￿ ol Ir•larrfl IFRS 1021. Th• Trustees. RW cOn￿rn InlormatK)n roqwrnd to be provKled In Tn￿dI￿1. Annu•l R•pL¥I und•r th Statement ol Reo)mrnended Practice ISORPI guideli￿$ The Wusiees of the company ar8 also tharity Iruslees for th• purpose ol chanty law ano un(*r Its c4mpanis constilulw are known as mernbefs ol the board ol In th￿ report ts trustees of Aughlisn3fin Community Asswabon present a wmffl4ry of its purpooe. gDvemanc•. activrt*8. aCh￿Vern8nts finances for the finAnci81 year 31 March 2024 Th• compAny th a rog1$la￿d the report arKI re$urts are w060nt•d in 8 lomi which ccfftpl*i with Ih roquIremen￿ of the Comp8nio8 Act and, although tK)l obly&J lo ccAnply with the St8iémènl ol Reccrnend& Pra¢ts¢¢ opplicab￿ In the UK ond Rewblic of Ireland FRS 102. th• oryanis•bM h•> ffnplwnonled its I￿0￿Mendat0 hrA• rokivant In hnants•l stst•n•nts R•vl•w of Actlvltl•A. Achl•¥•m•nts and P•rtorni•n Our main achievemont Is tho proviwon ol a rneotsng plu for ￿¢1•1 intsfacIK*n. Uwrs ol lh• hall •vJag• In r•¢rooti¢nal and ccmnmunity acbvities FIn•ne￿I RMull• Al Ihe end ol fin•nrJal year the o)mpany ha8 awts 01 £207.335 (2023- £217,86318Th1 I1￿￿t*S 01 £42012023 . £420) Th• n•1 •sMts of th• C(m￿nY hab• dKr•aMd by £{10.5281 Tru•t••• Th• wrv&Y Ihriwhout the finanaal year, exc•pi a$ not•d. wor• ￿ follows Brendan Scullwi J8n*s Quinn Gorard Len8gh Quinn Thorna• Wal•h In a¢xordaKe with fv c0nstrtul￿n. IM Iru$teOS f•tsr• ty f￿all￿ arAI. b•lng eloiUe. offer Ihemael¥eb lof rH*ckn. Th• i•u•l•ry 4th0 wr4ed dunNJ th• fin•n(J41 year w•5 Marlo sc￿ Compll4n¢• wlth S•¢tor-Wld• L•gl•l•ilon and Stsnd4fd• The cnmpany engages pro.act1vely with legislabon stand•rds and coths *thich arn tho lector. Aughlisnafin CommunFty Asscciabon sUbjcn￿ lo and is t￿nPl￿nI ¥Mlh ttw ft￿lo￿l￿. Thé C(*npan*s Act 20( The Chkntss SOAP IFRS 102) Appfo¥•d ty th• 8o•rd of Tru•l••• on 13 Nov•mb•r 2024 ind •lgn•d on Il• b•h•lf ty: 8rnndan Sculllon Tru•t•¢ Aughlisnafin Communlty Assoclatlon IA comp•ny 11ml￿d by 9uar•nts•. noi havlng a *h•wv upitsll STATEMENT OF TRUSTEES. RESPONSIBILITIES lor fw&niAal year w¥Jod 31 Mai£h 2Q24 The Irustaés. who are also threctors ol ALyJhli$nathn Cixnmunty AsSOGlotson for purpoMs ol tJ)mpwy Iw, aro r•$p￿5￿)￿ for w•panng the finanoal sla1•m￿lS In •c￿r￿0nc0 wrth •pplKablo law a￿1 fo9￿•bon Company18w Toquiros tN8 trugtses as the directors lo preparn financsal statemènts for eacf* financial yeaf. Ur¥J•r that law Ihe trustees have electeo to prepaf8 the finanual statements m #ccordance with Unrted Kingocxn Geneolly Accepted Ac¢ounlno Pracbce (United Kingdiyn Acmjntsng Standath and appluble lawl IndudirwJ FRS102 "The Financial Reporting Stsndafd appluble In the UK and Replknlic of Ir•l8nd" Under ¢crfnpany law the tnAla8s musi noi approve the financ￿1 8iatem•nts unlèss they arg sali$fied that they 9ive a Irug and l•ii wew ol thé stat• of attolrn of lh• company and of nel Income or exwndrture ol the Ciynpany for Ih•l pen()J In pr•p•nry fina￿•1 •tatoM￿ts Ih• truslo•s are req￿red lo setht surtabkn accountsng polKies arrfl apply It￿n consislenlty. make Ii*Jgements •ntJ tttimal88 that arg r•88onable prudent", slate %4tsther the fin8noal statements h8ve been prepoTrJ In accordanc• ￿th Its ￿￿want fin•n¢wl r•pothrYJ framewoth, ￿Ontsfy th0￿ standards. and nole off8cI and the roawn$ any m4tenal d•parture fr(xn thos stand4rOs. aTrJ prepare tts finand•l li•l￿￿nI4 on tho golng con¢*m bosis unless il rt Inarprcwakn to prMum• thal the ¢tynpany ri o)nbnth• In cyraty*￿. Th• tr￿1￿ r￿nfim7 Ihat t￿ crynpknd tho abovo roquK4Ynent• In prop•rww fin•rflal statemgrrti Th• tru•t•w w• I•￿￿blO tr kwiry •Jequate aecountrng r•cords Ihal are Suffitsenl to sh￿¥ onLI explatn the ompany's tranuthons arml dffjclose reascfiabla accurKy al arry time It* finanaal pJsiik)n ol tho c(Nnp•ny and enable them to ensure Ihal fv financial slatements uxnply with Companies ALI 2tX6 Thèy ar• al￿ rewinoible lor sal•guardirwJ tho assets ol tho ¢¢mpgny and hon(* ft>r tthng rnawi4ble step for th• prov4ntson aThl d•t•clwi ol lrnud and oilw Irr•3ulanb•• Approv•d ty th• Board ol TN•t••# on 13 Nov•mb•r 2024 •nd •lgn•d on Its b•half by: 8rnnd•n S¢ulllon Tru•t•• Aughlisnafin Community Associat5on IA ¢ornpany 1hn+1￿ by 0￿1•nI*•. not hwin9 • 8h*r• c•pltall INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF AUGHLISNAFIN COMMUNITY ASSOCIATION have examiréd Ihe financial ststoments ottho cnN• no ollw mattsrn h effir￿lOn wrth th• •xammalw to attèntion #I￿UkI be dravm in lh￿ r•port ￿ ord•r to ￿•bI& a Pfwr urK*•rstanOing of th• fin•rbraal st8tem•nt¥ to bg r••rt*d 8rend8n Malone IFCAI Malone A£counling 12 Ca￿•WaY Road Newcaslle BT33 ODL Otht•: 13 fr4ov•mb•i 2024 Aughlisnafin Community Association IA comp￿Y limit•d by gu•r•Trt••. not h•vlng • sh•rn c•piiall STATEMENT OF FINANCIAL ACTIVITIES Ilncorporatlng an Incom• and EMp•ndÈtur• Accounii for Ihe hnanoal year ended 37 Marth 2024 Unv••trl¢t•d RMtrl¢t•d Fund• Fund• 2024 2024 Tol•l Un￿tr￿al R•strthd Fund• Fur FurKts 2024 2023 2023 Toial Funds 2023 Incoffllng R••ouf¢ 7.797 7.797 6.543 R•i*r#J I￿)d8 ch•nI•￿ •ctivrt 17, 5,947 420 11.4CQ 17.347 420 420 420 Total A••OU￿ EMPM￿￿ 6.925 11.400 18,325 8.367 11,4LX> 17,767 N•t Incon￿1(+xP•ndltyv•1 872 111.400 110.628) 176 111.4C(11 111.2241 Gross Irwisf•r• botMon N•t mo¥•m•nt In lund• fof th• fiMncl•l y•ar 872 110.6281 111.41x1) 111.224) R•conclllitk>n ol fund•: Tow lunds 01 th• y•ar 110.557) 228.C N•t Curr•nt A•*•ts 1.715 Total A•••ts l••• Curr•nt Ll•bllltl•s 206,915 217.443 Fund• Reslncted tru￿ fun(ts General fvr#J (unrestr￿) 216,61XI (9.685) 228,C 10,5571 Tol•l lund• 2￿,915 217.443 Th88e finanoal statements have been prepared In ac¢ordanc¢ spac￿1 pthisKJ￿ Trlatrng to small ejjnpan within Part 15 01 the CsJnpan*s Act 2¢J)6 For the fin3nu81 year erKJed 31 March 2024 company w85 èntrtle(I lo exempl￿n frcffi athjil urthr secbon 477 ofltrKI Compan￿5 Act 20C6. and rK) notsc¢ ha$ been depK4stsd u¢￿￿er sectscn 476 The Ifusletss confirrn thal the members have required the compary to obtain an 4￿j11 ol 115 fin8noal staienN8nts lor Ihe finanoal year In questson in accoidance sKtr)n 476 01 the CompanEs Act 21Yk8. The Iruslees ac*n(m￿9￿ their re5ponsibililie5 for ensuring ihal the ccKnpany keeps accounbng ocords which crmpty th SeC￿n 386 aThJ for prepann9 firbanoal slatwnents whrh give a true and fair wew ol tho stal• of affairn of the company as at the end of the finanthal yèar arKI ol Ils profit and lo￿ for tho finanrjal ye8r In accordance with the quirements of sectsons 394 aTha 395 aTrJ otsp*ise comply ￿1￿ the rpqu4M￿nts ol tho C(mpanth Aci 20C relaitrrfj to fina￿al statomenls. so far as arpluble to It* compariy. Approv•d by th• 8o•rd of TrU•t•￿ and authort••d fof IMu• on 13 Nov•mb•r 2024 and 8lgn•d on Its b8h•ll Br•nd•n Sculllon Tru•ts• on po9￿ 9 to 11 fomi p•rt of Ihe •n•nd41 $l*wwnls Aughlisnafin Communlty Association IA comp•ny Ilmll•d by guar•nlw. not h•vlng • $haf• c•pItsI) NOTES TO THE FINANCIAL STATEMENTS for Ilie finanoal year entjed 31 March 2024 GENERAL INFOftMAnON Aughlnnafin Cl￿mUn￿ Assttlatson is o fANnpany Iimrt8(I by guaranw Irwofaieo In thè United Kin9d The rffjistefed offic4 ol trse company * 35 A(&hlL8nafin Road, Casllewellan, Down, BT319JR Is also lh• pl1r￿paI place of bLAlf*SS ol the company The finanugl staloments hove tjoen pros•nl•d In Pound 1£) 1• 4190 trJ• lurtbcmal Cufrency ol tho ccmpany. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Th• ft>llowrvJ K(¥)untsTrJ poiKxs hel￿ b￿n applthl con￿•10nty m d•aliry ￿th rtoms ￿1¢h •r• c¢)nsL*rod material kn relat￿n to tr* chanty's finang•1 ststom•nts, B••l• of pr•para The finar￿131 sialemenls have been prepa￿￿ on the going concem basis undef hislorical cost con¥enDon. m(#Jified to Includ• certain Items ai lair value. The ffinanoal stalw￿ntS have been Prepared In &ccordan¢o wrth lh• Stalomenl of RecomrnTrJed Practre ISORPI "Accounlfftg arrfl Rewtyrwj by Chanbes prepariNJ th811 accounts In accofdonc• wrth Réporbng applcablo In th¢ UK and Rapu￿￿ of IrelaTh# FRS 102" As permitted by tr* Companles Act 20C6. th8 company h•s vawj iho standard fonnats in that •cl lor t Stalernni ol Finanoal Acbvities and the Balance Sheet. Otyartufes Irom the stafthrd fomiats are lo comply wrth th• i1quirwr￿1s ol lh• Chanbe8 SORP ar*J are In ctxnpl4￿ wlh •ecth)n 4 7, 10.8 and 15 2 of thal SORP. Sl•t•m•nt ol compll•nc• Tho finanoal $￿tementS ol tt* ccThpary lor the financial y8ar 8rKled 31 March 2024 have been prnpared on tm goiry con&*m ba&s and In accordan￿ ¥￿th the Siatemenl ot Re¢omm8rKhd Practic¢ ISORPI "Accounbno and Rworting ty Chantjes preparing It*ir a¢xounts in •ccordanc• with the FIn•D￿l Reportlw Standard applicable In Ihe UK and RapLknl￿ of Ireland FRS 102" Ca•h flow •tst•m•nt The company has aVal￿d of the exempt¥)n ￿ FRS 102 from the requrnm•nl to Prod￿ a cash kn stat￿1¢nI IJ•uuJo il as • Jmall ¢(yr*p•ny Incomlng R••ourc Inc￿• * raimd Irom fa•8 Pa￿ by tfK)8• group8 Ykno the hall for cotmiunty R••ourcM EJtp•nd•d All resourc08 expended are ac££+uni8d lor on •n accruals b8•1s c￿ntat40 aCtrItt￿ Indudl of and gr•nt•, Jupport •fKI (knpr•uabon on rf•led as80ts T•nglbl• fix•d ••Mt• and d•pr•cl•tlon Tangible ft¥ed s￿18 ar• sialed al cost or at Valuat￿n, 1095 accumulated de9rKl￿￿Jn Th8 charp to eprectation Is calcuLgied lo write off the ongin•l cost Of valuatson ol langibse fixe(l assets. 1891 their 081im8ied resK#ual value. oyèr th￿r OXF￿￿0￿ u80fv1 Iws ￿ foll¢y￿. L¥￿1 •rwJ bu4Ouw$ 1rnol￿d 4% Stroighi li Calh It b*nk Ind In h*nd Cash ai bank and n hand comprYO￿ c••h on dormrt at bank4 r•qwnry Ih•n itY•• mwth* notsc• ol rtIKlrmv•l T•x•llon No curront or dofofT•d ￿llIon artses as thg ¢omFony has been wantsd cknarital>l• •xwtbon Irr•CO•￿t￿ ¥￿l￿O tax B exFenJ*J as Incurred The C(xnpany * a WL8tered Charty and M. thwefore exempt tsxalK¥i. ¢onbnu0d Aughlisnafin Community Assoclatlon IA comp•ny Ilmrt•d by gu•rants¢. not havlng a sh•r• capiiall NOTES TO THE FINANCIAL STATEMENTS lor thé Iinantsal y8af ef*ed 31 March 20241 IPICOME ACTIVITIES TO GENERATE FUND3 Unr••trlctod R••trlct•d Fund• Fund• 2024 2023 U8• ol HAII 7,797 7.797 8,543 EXPENDITURE RAISING FUNDS Dlr•ct Co•t• Oth•r Co•t• 8upport Co•ts 2024 2023 R81$1rvJ ILK￿8 17.906 17.906 17,347 CHARITABLE AcnviTIES Dlr•ct Co•ts Support Co•ts 2024 2023 Co•t• Gov•fftan¢e c￿ts (Nole 4 3) 420 420 420 (X)VERNANCE COSTS Dlr•ct Co•ts Support Co•t• 2024 2023 Co•t• Ch•nl•tl• •¢tMts•&. ¥N)v•manc• 420 420 420 NET INCOMING RESOURCES 2024 2023 N•t Ineomlng R••our¢M •rn •l•t•d •ft•r ch•rylngl(cr•dlllng1: Oepr•oJtion ol &ngiblo 4$981• Indewndenl Examinef s remunofal . ithp•nd•nt •xamwwbon ••r4l¢•B 420 420 TANGIBLE FIXED ASSETS Land Ind bulldlng• Ir••hold Totsl Co•t At 31 Marr* 2024 285,(XKI 285,CMXI D•pr•¢l•tlon Al 7 Apnl 2023 Ch•r98 for If* finanoal year 88.4 11,4C() 11,4(KJ Al 31 Marth 2024 79,8LKY 79.8CKI N•1 book valu• At 31 IAafch 2024 206,200 At 31 Marth 2023 216,fJ)O 216.6CQ CREDITORS Amounts f•lllng du• wlthln on• ymr 2024 2023 Acuualg arrfl deferred 420 420 10 Cl￿bnu*j Aughlisnafin Community Association IA compJny Ilmlted tsy gu*rJntOQ, flOI h￿Ing • sh¥vv C*￿¢1￿ NOTES TO THE FINANCIAL STATEMENTS for Ihe financial year ended 31 March 2024 REseAves 2024 2023 At tho beginning of the year DOI￿rt for tr* fiMntsal year 217.443 110,528 228.667 {11.2241 Al tho Q￿j ol the ye 206.915 217,443 FUNOS RECoNCIL￿￿oN OF MOVEMENT IN FUNDS Unr••trl¢t•d RMtrlcl•d Fund• Fund• T¢)tsl Funds At 1 Apnl 2022 Movem￿1 dunng the finanual ￿ar (10,7331 176 239.400 111.4(M)) 228.667 111,224> At 31 Marth 2023 Mov0￿ dunng the finarKgal year (10,557) 872 228.CQO 111.4CAJ) 217,443 110.528) At 31 Marth 2024 19.686 216,600 206,915 ANALYSIS OF MOVEMENTS ON FUNDS 8al•nc• 1 Aprll 2023 Incom• Exp•ndltUf• Tranghr4 b•twwn fvnd• B•lanc• 31 M•r¢h 2024 R••trkt•d fvnd¥ Restricted C3pilal FuThJs Unrvatrtct•d lund• General Funds 228.( 11,4LKI 218.6Q) 110,S57 7,797 6,925 19.685) Tolal fund• 217.443 7.797 18.326 206,915 ANALYSIS OF NET ASSETS 8Y FUND Flx•d Curr•nt Curr•nt Il•blll¢io• Totsl - charlty u RestrKX•d trusl funds 205.2CwJ 205.200 Unrestnctsd 9￿￿*1 2.135 1.715 205.200 2.135 14201 206.916 10. STATUS ¢C￿panY s lkntsd by guwantee not hawng a shgro ca￿[ Tr* hatslity tsl Ihe membefs Is Iimrted E%*ry member of the c￿Thpany urthrtakes lo wntribute lo the assets of the company In the event of Its bwrvJ wound up whi* ihey ore rnembets. or within ore year thereafter. for the p8ymont ol th8 debts and 1ots111105 ol th• company contr¥¢t•d bèfofe they c•as•d to b• rn8mbgrs. and tho costs, charges arKI exgense5 01 wiThJing up, 8ThJ Ihe a1￿lment of fv ryhts of I￿ c£Mtr￿Ul0rj amorwj tf•mW¥vd, 8u¢h ￿}DUnt as may be req￿1￿. nol ex￿edIng £ 1 11. RELATED PARTY TRANSACTIONS No Trustses recer￿1 any romuneraion during Ihe year Wxl no Iru5te•¥ ciamod expenses from th• chafrty 11