Ch2rityNumber: NIC101810 Shafjlallow Community RIdents Associgtton ror theyeareDded 31 l¥taryh 2025
Sbanlallow Commvnity ResideDts Asso¢latloD Contents Pgge Infomation Trttee Rewtrrt lftd¢p¢ndent Auditovs Report Statement of Financial Activilie5 Balance Sheet C&8hflow Statcmcnt Not to the Financial Activities 11-16
Sb2nt2Jlow Comrnllnity ResAdents AssociafiDn Informatio A¢coullfaDtsI Audito Aeeounttsnts & Registered Auditors 2 Carli51e T¢rrac¢ Derry BT48 6JX Buslness address 38 Dwmle¢k Driv¢ Shantallow Deny BT48 SEN Bank¢r5 AIB (TrID Meadowbank BT48 7TN Cbarity Trnstees Patrick Vlhitc (ChaitPBf50A) Patricia PattLM {secl8ry} SlIa Mccauley Rosemllry Hillen mcFdeN Charity Number NICI 01810 XR31543 Page I
Shantallgw CoT•muuity Residcnts AwciatioD Trnstee15 Report Thc trust5 prcxnt th¢ir prt and thc fllrnncial 5tstcmcnts Cor Ihc yrarended 31 March 2025. Principal activity The Association is estsblished to Promote the nefit of the inhabitants of the area vryihoui distinction of age, se& race. or of politicaL religiou5 or other opinion, by L£Srtiatin8 the said inhabikTrt5 and slatu¢Ory auihoriiies.volunlary and 0lh¢r organisations in a common effort ts) relicve PDV¢rty. stcknes8 and distrc55, to relieve the disabled. to advance ¢dvcation. to preserve and protect health and lo provide facilities in the interest of 5wial iv¢lfare for recreation and leisure•time occupalion wtth the object of imwing th¢ wndiliONS of life forthe said inhabitant Achievements & Outputs Provide support to six local community group Community Relations: 6329 p¢opl¢ participated in community bondingl relation5 pmjc¢ts during this period. Community Safety; 3280 people supported through Crime Prevenlion Iniliative& Volunteer Opportunilic& 19% ople were invofved in volunteeTill8 activities. Youlh IntervenEions: 770 young ple benEfitting from youth intervention and personal developm¢nt prOaMM¢S. Health Initiatives.. 2733 people benefitted fmm Health Intervention Servic Trustse$ aod th¢ir interts The twstX5 of ihe charity forthe purp) ofcharity law and thtOU8hout this rertAre collectivety referT¢d to as the tTUSt The trusiets serving duTing the year and SiAce the yeareThl vKre as follows: Prick White (Chairpcrson) Patricia Patton (Secretary) Stel]a Mccauley {Committe¢ Member) RoKrnary Hillcn (cl1tte¢ Memkr) Gary McFadden Governlng Doellment Tlie organisation is an unin¢otporated ASsoci10n with chaTit4ble Th¢ Association was established under & Consrituilon which ouilined the area ofbenefrt the obms of the charitabl¢ organisaiion and is governed under its Constitution. Rccruilmeknt 2PPOllltmetstof the man¥2ern¢nl Committee The management committee of the AssociatiDn consists of five membeTS shall meet 81 l¢asl ni¢ tim¢s a year. The members of the management committee shall have the rmxver tts appoint any member of the Association to be a member of the management eottimitte@ either to fTII a casual va¢an¢y or as an addition to the existin£ nmberS. Any membEr may withthaw from Asso¢i*ion at any tin)e Eiving al least foyrteen days notice to tk Aswiatio Page2
Shanlallow Commllnity Rc5ide•ts knociation Riskmgnagement The trsle&S have &ssessed the m4ior risks which ihe a5socialh)n is expo in particular those relatcd to the operalions and r]nanC of the a550cialioN. aThl ale l$fied thatsystenLg are in ple to mitigat¢ th¢ e%p05ure to the major risk FiDaD¢i¥l r¢view Th¢ Manttu¢m¢ni Committee is empowered t(J Ceive money in the form of subs¢riptiOnS, gTanLs and donations and io raise money by othv lawful means. All money raised for the A550ciation shall used w Jjrther the objectives of th¢ Association and for no otherpu(tMw. Plans for Future Perfods The Lssoesxtion plans io continue to develop on the aclivrtie5 as outlined above in Ihe forthcoming yeaTS subje¢l to 5ali5faclory fundinB arrangernents. oftrust%,rtspOnsThI ilitios Tli¢ Irust¢¢s ar¢ r¢5ponsibl¢ for pr¢paringth¢ Hnnual rep)rt and the financial statements in aceoidanc¢ with opplicable law and United Ktngdom Generally Accepted Accounting Pradiee. The lasy applicable to charities in Northcm Ireland reqMiKes the trustees to prePe financial ststcmcnts for each fmancial year that give a true and fair view of Ihe stal¢ of the affai of the charity at Ihe end of the financial year and of its surplus or deficit forihe fthancialyear. In doingso the trustses arc rcquired io: - select suitable accountinB polici&s and appty them CorlS[entlY. - obseNe the methods aThl principles in the Cherities SORP 2019 (FRS 102): - mth judBem¢nts and &5timates that are IrasoDable and prudenE - slate whether applicable xcounting standards have been followe(L subject to any material depaFius dis¢los¢d and explained in the financial statements: - prepare (he financial sla(em¢nts on th¢ going ¢on¢¢m basis unl¢sS it IS Inappropriate to presume that the chttrity will continue ia operation. The trustees are responsible for maintaining pTr)per aOnIg rtQ)Tds which dis¢kis¢ with reasonable ac¢ura¢y at *my time the finan¢ial position of the chatity and enablc5 Ihcrn to cn5urc that the financial alements comply with the Charities Act (Northern Ireland) 2W& Charilt¢s R¢gulalions (Norlhern Ireland) 2015. The Iru5tees aEe a150 responsible for safeguarding the assets of the charity and hence for Saking reasonable steps for thè prevention and detection of hud and other irwlaritie A T01U110n will be proposed at the Annual General Meeling that McGToaty Mccafferty & Company be IE-8ppointed &% TndependentExamineTSto the chlty for the ensuing year. On behalf of the board Sl2n Slgued: DAIV 10 Detembor 25 Date: 10 Dettfflber 202S Pa2¢ 3
Community ReSidentskn(tioll IndopcndentAlldfitoV5 Roportto the Trts of Shantaltow Communlty Ruidents knoci2tioll OpiDIOIJ W¢ hav¢ audited the financial thiements OF Shafttallow Gimmunity tiesidents A5sociatton for the ycar ¢nded 31 M&Tch 2025 which comprise the slatemenl of finaneial 8etivitie4 the balance sheeL the cashflow slntement and the related noteL The fittanc1 reporting framewoR* ihat has b¢en applied in their preparation is applicable laiv and Unitcd Kingdom Accounting Standatd5 (United Kingdom Generally AccEpled Aeeounttng Practice) including FRS 102 Yhe Financial Reporting Standard applicable in the UK 8nd Republic of Jreland.. This report is In¢ solety to the charitys trusiee4 as a I. in 1rdaNCe with part 4 of the Charities (Accounts and RcpDrts) Rc8ulatiDns (Northern Ireland) 2015. Our audit iyork been undertaken 50 that we mEght st8lc to the charitys trusl¢eS th0 mattcrs arc rcquircd ts ststc to the5n in an audilor's report and for no oiher purpose. To the fvllest exlent p¢rnii#ed by law. w¢ do noi awt or a5sum¢ r¢5ponsibility to anyone oili¢r ihan the charity and the charitys trustees as a body. our audit worL forthis reporL OT for Ihe oplnions we hav¢ form. In our opinton the fllLincial statements: - give a true and fair view of the 5tat¢ of tho charilabk ¢ompJnrfs affairs at 31st March 2025. and of its in¢oming tesources and exndI1u[¢ of wesources. for the year then ended: - have be¢n properly prepared in accordance with United Kingd GeneraIty Acceptrd Accounting Ptactice. - have been prepared in accordance with the reqviremeDts ofthe Charities Act (North¢rn Ireland) 2(Ki8. Bgsts for opinion We conducted our audit in x¢onlance wAh intemknnal Standards on Auditing (UK) USAS (UK)) and applib]e law. Our responsibilitie5 und¢r those standards are rther des¢rib¢d in th¢ Auditorfs r¢5ponsibilili¢s for the audit of the fmancial statements scction of our repDrL We are independent of the charity in a¢wrdance wilh the clhical requirements tliat arc rclevant lo our audit of Ihe fmancial 51aterneots in the UK, including thc FRC'5 Ethical Standard, and we have fvlftlled our other ethical responsillli ities in aCcoanCe with ihese requiremeft We b¢liev¢ that th audit evide4ce we have obtained is su(fKi¢nt and appropriate to provide a basis for our4Jpinion. Con¢lu5iOn5 relating goiDE eoncern In audiling thc financial slatcrnen we hav¢ ¢on¢lud¢d that the tnJste&< of the going concern basis of accounting in the pKeparatiun of the flljancial slatements is approwiat Based on ihe work ive have performed, we have not identified any material UnrtaItieS relatin8 lo events or conditions thal individually or Colltively> may cast Stgniflca doubt on the charlS ability lo continue 15 a going concern for a period of at leLSt ttvclvc months from when the finaKial statements are auihorised for issue. Our r¢5ponsibilities and the re5pon5ibilities of the In with respxt lo going concern are described in ihe relevant sections ofthis rerL Oth¢r infonnalio The other information ¢omprise5 the inforn induded in the truslee< annval Teportl other than the financial ststemenls and our 2uditorf5 rqjort thereon. The trustees are reswnsible for the other infom)ation. Our opinion on the fmancial tements does not covEr thE Dther infonnation and we do nol expre55 any foThn of &8surdnce conclusion thereon. Page 4
Sb#nthllow ComrnuDity Resldeots As50clg1Son Our respollsibility 15 to read the other inf(>rmation an4 in doing so, consider whether the other inforni3lion is materially in¢onsist¢nt with the finan¢ial sthiements or our Lnowledge obtrined in ihe coutse of the audil or otherwise appears to be MeriallY M]tad. If we identify gjch malerial incon5is¢encies or apPaTt material mi55tatements, ive aR Iequired to deterniine whether thi5 gives rise to a ma*tial misstatement in the finala[ sralem¢nts themselv¢s. If. based on ihe work we hav¢ wfonne& we ¢onclud¢ that there is a material misstht¢m¢nt oflhis oiher Inforn•0n. we ar¢ required to repxl that fa¢L We have nothing to report in this regard. M3ttor5 oo which we are required to report by ex¢ep¢ioo We haye nolhing to report in respect of the follo8 matters in relation to vlhich the Charities (Accounts and Reports) Regulalions (Northun IlaTrd) ?Ql S rcquire us to report if, in our opiniDn: - sEr1e1ent accounting records ha not been kepp, 4)r - the financial Statements are not in agreement iviih x¢()uniing (rdS and returns: or - we havc not Icccivcd all the infomution and exp]anations we r¢quir¢ foro¥r audil or - the informlon given in the financial thtements 15 incon5iStent in any material respect ivtth the truslees iepo Responsibiliti&s of the trustets explained rn0 fully in the truStS. [ponSIbl1111eS stalemenL the trustee5 TesTonsibl¢ for the preparatÈon of ihE financial slatements and for king saii5ficd thal givc a ttuc ad fair virw. and for such internal control as th¢ truslcc5 dcterniine is Theary to enabk th¢ preparation of fiTran¢ial statements that are free from rnater1 mis51atemenl whether due w fTaud or ermr. In preparing the fittanciaj Statemen the tnthes are ttsponsibk for a55e55ing the tharity's abilty to continue as a going Conce disclosing. as appli¢abl< maltU5 rrlatcd to going concern and using the going conccrn basis of accourtting unless ihe tsu5t¢¢5 ¢ith¢r inknd to liquidale the clwity or lo case operdtions, or have no realistic aliernative but to do so. AuditoW$ responsibilities for the 3udit orth¢ statements We have bn appoinied as auditor under seaion 65e) of the Charities AeA (Nortkm Ir¢14nd) 2008 and report in accordance with the ACÈ and relevant regulations madc or baying Effcdthcundcr. Our objrcliv¢5 ate lo obtain re&wnable assutance about whether the financial sthtements &$ a whole are free from material miss¢8lemenr. whelher due lo frdud ¢x ¢tror. and io issue an ouditofs report ihat includes our opinion. Re4wnable assurance is a high level of Lsurdnce, but is not & &varantee that an audit conducted in accordance ivith ISAS (UK) will always deted a malerial misslacement iYh¢n il axists. Mi&slatetnents can arise from fraud or error and are consideffd material if, individually or in ihe aEgregat4 th¢y wld reasonabty b¢ expected to inl]uenee the economic decisions of usets tsken Olb the b3sis of these financial staiements. Th¢ extent to which our procedures are capabk Ofd&C1g iTtegulariti4 including fraud is detailed bcloiv: Extent to wbieb the Audit was considerod ¢apable of detecting irrezll12riti4 indudinl fr4ud The objectives of our audil in respect of fra are to idlIfy and assw the risks of matertal misststements of the fuwicial sl¢m¢llts due lo frau io obtain sufflent appropriaie evidence [CdIng thc SeSsed risiLS of material misstatements due to frdud. through desi8Ding and irnple]nenting appropriate resw7nses to those assessed risk4 and lo respond axordingly Io illslantts offraud or suspected fraud identifRd during the audit. Page 5
ShaDlalltow Community Residents Association Th¢ Primary SpOnSIblY1ty for the preveThtion and deteclion of fiaud lic5 with both management and those charged with govenwice of the eharitsble organisatio Based otl our knowledse of the chariws environmen4 the significant ivhi¢h have A direct impact on thc financial slatcmcnts ar¢ thosc tclated to Ihc jrtIng frJm¢%'orK {FRS 102. thc ChuitiC5 Act (North¢rn Ireland) 2008, The Charities (Accounts and Rewrts) Regukniolls (Northern Jr¢land) 2015 and the Charity SORP)) of which non4ompliance may have a material ¢ff¢Xt on th¢ financial s¢atem¢nls. Compliance wilh these laiys and 8latIOnS was a55e55ed as part of our procedure& Audit rcspoDsfs to risks identifKed Our pro¢¢dur¢s to respond io risks idenlified in¢ded. - reviewing the financial stsiemertt disc105uT¢s. ass¢ss¢ng wmplIan wilh si8nificatht laivs and regulations - enquiring with management regarding acDJal or potential claims - revieiv mirtutes of boArd meeting¥ &umine futurc f¢¢astIng, idcntifying PDtcnli?l frdud Éndicators - addre55ing the risk of fraud through Management oveIde of ¢ontroK revlew appioprialenes5 of data cntry and adjustments. querying any unusual tr3n5actions outslde the noTJnal course ofthe charitys objectives. The rekvant laws and regul10$ al pc4ential ftaNI risks &e communicated thc engagement ieam to be alert io indicators offraud or non-compliance throughout the audiL As part of an audit in accordance with ISAS (UKI w¢ ex¢rcise proftssional jud8m¢nt and maintsin professional seepticism throughotst th¢ aydiL We also: - Identify and ass ihe Tisks of mi55tdemMt of the fman¢ial sw¢meTr whether du¢ to fraud or error. design and perforni audit procedures responsive to tlhDse risks, 2nd obthin audit ¢viden¢e that is suffieietsi and appropriate to provid¢ a basts for our Opinio The risk of not detecttn8 a material mi5Stalemertt resulting froTh frdud is higher than for one resulting fmrn error. as fraud may involve collusion. fotgery. intentional ¢)mlssions. misr¢ptesentatiOll5. or the override of intemal controL - Obtain an understsnding of internal control relevant to the audit iti order to dlgft audit procedures that are appropriato in the circumstaftc4 but not for the purpose of expr¢55ing an opinion on the effectivenes5 of the chariws internal eontroL - Evalu8ie the appropriateness of accounling poli¢ies ed the R4sonableness of xcouniing eslimates and related dÈsc105ures made by the truste - Conclude on the appropriateness of Ihe trees. use ofihe going concern basis of accounting based on the audit evidence obtained. whether a material uncerlaiThty exists related to events or Conditions that may cas $18nifKant d(yJbt on the charitys ability lo tillu¢ a5 a 8oin8 concern. If we conclude that a n4t¢riat uncertatnty ¢XIs w¢ ar¢ required to draw attenlion in auditorfs report to the rela*d disclosvres in the rinan¢HI sth¢em(S or. ifsuch disclosures are inad¢qua¢q to modify our opinioTr Our con¢lusions are based on the audit evtdence obtained up lo the d¢ of the audilofs rep(L However, futhre events or conditions may au5e the charity to cease to runtin a5 a going conce -Evaluate the overall pre5entatioN Structu and content of the financial statements, Tncluding th¢ dIlOSure and wheth¢r th¢ finhn¢ial 5talements r¢pr¢sent the underlying tran5&tion5 atLd events in a manner ihat a¢hieves fair pr&Eentalion. Page 6
Shanlallow Community Resideots Associgtion W¢ communi¢ale with those ¢har8¢d with governance tegardin& among other rnatte, the planned scope and timing of th¢ audit gnd significant audit findingg including any significant defi¢ien¢ies in internal control that ve Hlentify durinB our audiL McGroarty Mccafferty & CompaDy Statutory Auditor 2 Carli51e TerrAre Derry T48 &JX D2te: 10 Deeejnber 2025 Page 7
Sh4Dtallow Community RfsidEDts knociation Ststsmtntof FiDaDeiil Activilics Tor Ibe year end 31 March 2025 UnrestrEeted Funds Restrieted Fund5 2025 2024 Intome and Expenditure Incoming Rtsources Grnnts & Sundry Income 65&880 658,880 684,083 Tothl Incoming ResOlln¢S 658.880 658,880 684,OS3 ResourcLs Expendtd Management & AdmintstratioTr 666.219 666,219 638.651 Tothl R¢sources Expend1 666.219 666.219 638.651 Ntt lllcomiDg l (Outgoing) Resources (7J39) (7,339) 45,432 Balances brought fornard l April 2024 77.433 77.433 32.001 Balanc¢s carried forward 31 Ma 2025 ID. 70,093 70.093 77.433 The above amounts relate lo wrfinuing opemtions of the associaliw. Th¢ group has no recognis¢d £ains and lo&ses other lh• those included in the results above and therefore no separate stalemcnt of totat reco2nis¢d gdins and losses trths been presente(L There is no difference between the net incoming resources for the yearstated Ave and their historical cost equivalenl& Page 8
Shantallow Community Residents A5sociatloD B4lam¢e sheet as at 31 March 202S 2025 2024 Fixed asse15 Tan1b]e a55ets 39.567 47,100 Cyrrent assets Debtors Cesh at bank 8od in hand 84.604 39.827 131.849 54.122 124.431 185.971 Current liabilities Bank loans and overdrafts Other creditors Accruals 48J15 2.972 42.621 43.755 1972 108.914 93.908 155.641 Not current wssets 30.523 30.330 Totsl assets less eurreI liabiliti&s 70,093 77.433 Funds Unrestricled Reslricled 70,093 77.433 io. 70,093 77,4i3 Member Member Date: Iotb December 21n5 Date: 10th Dettmber 2025 P4t9
Shanlallow Community Re5ideDts Association Slalem¢ut fjfcash flows
s at31 Marth 2025
202S 20Z4 Note Nel (oulgoingy incoming tC50urc¢s forthe year tkpreciation and impainnent (Jncre&sey decre8se in debtors (Decrease) / increase in ¢redito [7,339) 7,533 47.245 (61.734) 45.432 300 (25.075) 15,146 Net cash intlowl (outhow) from opornling activities (14.295) 35.803 Capital expenditure Increasel (deeroLso) Sn eash In the year (46.21KI) [10,397) {14,295) Reconciliation ol ttet ush now fo movemElit in Detfund5 lttcreasol (detrease) in (35h in the yeAr Net Cunds at l April 2024 Net funds at 31 Mareh 2025 (14.295) 54,122 (l OJ97) 64,519 IA. 39.827 54,122 Pwio
Sbantsllow CommunY Residents A$SltiOn Notes to Ihe aceounts for (h¢ yeare•ded 31 Manh2025 General iDformarfon Thc charity is regtered in Northern Ireland and a registered charity with thc Charity Commi55ion Norther Ireland wilh effect from Igmh Junc 2015. Th¢ address of th¢ regler olTice is Shantallow Community Centro 38 Drumleck Drive, Derry. BT48 8EN. l.l. Aceoutttitig eonvetttioo The principal a¢¢ounting policics 0Pted in the pTepardtion of the financial statements sei ¢t below and have remained unchanged fa>m the pr¢vi04LS year and also havo been consistentty applicd within the same accoun The charity corLStitutes a public beneflt entity as defmed by FRS102. The fit)an¢ial statements have been prepared ift aC¢OTdaR wilh Acwunting and Reporting by Chariiias: Sialement of Re¢ommended Prnclice applicable to ¢harilic5 preparing their accounts in atcordarte£ iyith the Financial Reptsrting Siand3rd applieable irt the UK and Rcpublic of Ireland Charitie5 SORF issued in October 2019 and Ihc Financial Rcporting Standard applicable in ihe UK and Republic of Iland (FRS102). and the Charittes Act INorthern Ireland) 2008 and UK Gen¢Tally AThzpied ArKounting PFactic The financial statents are wepared on a going C{cern basis urtder the historical cck4t convenlion. modified to included certain Jlems fair value. The ffflanctal 5taiements are pwsErEied in sterlin¥ which is thE functional cUenCY of thecharity. 12. IDcomo All ine¢minE resourc are in¢lud¢d in the ststement of fir1&1 activities when the charity is ¢ntitled to Ihe income and the awnouFLt can be quantified wilh reasonabl¢ accuwy. Th¢ following specifK poltcies are applied to particularcategories of incom Income from Clwifable activtti¢5 includcs both governTnent and other grants ttceived, they are rccosnised at fair value when the charity ha£ entitlement after any perforniance conditiorL5 have been mel it is probable thaE the iOrne will be received and the amouTht can be measured reliably. If entitlement i% noi mer ih¢n these amounts arc deferred. CapitaI and revenue grdnLS are rele&sed to th¢ Stai¢ment of Financial Activiti in the Y in tlw are received in line iyith the SORP Accounting & Reporting by Charities {FRS 1021 Voluntary income is received by WBY of gran donations and gifts and is in¢luded in full in the ststement of finoncigl xtivities when receivable. Grants wheTe entitlcment 15 Ilot conditional on the delivery of a specific pcrforniance by the charty. ar¢ rewlSed wh¢n ihc tharity b0c$ unconditionally cniiiled to the gianL Donated servi¢e5 an4J facilities included ar the value to ihe clwity where this can be quantified. The value of service5 provided by volunteers has not been inclu(kd. Gifts donated for r¢sal¢ are in¢luded as InMing resou¢$ within tiVitieS for generating funds when they a(¢ sold. PaE¢ll
Slwitsllow Community Residents Asso¢iAtio No¢¢s to the 2ccollDts for the yrar ¢Dded 31 March 2025 l.& Resources expende Exp¢ndilure is rewgnisd on an accnral basis as a liability is incutted. Expendi¢ure includes any VAT which cannoi be fulty recoveTe& is reported a5 Part of the expenditurE to which il relates. Chariiable expenditure Comprises th05¢ Costs Incu by the cbarity in Ihe delivery of iLg activities and services for its beTrEficiaries. It Tn¢ludes bh ¢osts that ¢an be alkxaied ditectly to svch aciiviiies and those costs of an indirect tre necessary to support them. 1.4. Fund ayeoulllitig Untestrlcted fvnds are availabl¢ for use at th¢ di5Cl10n of the directors in fijrtherdnce orth¢ Benernl objectiv¢s of ihe charity and which have not been designated for other PUTposes. Restricted funds are fvnds which lo be used in a¢¢ordan¢¢ with spe¢ific restrielions imposed by donors or which kayc bEen raised by the cbarity for pllrFrf. The cost of rdising and administering sueh fiJnd% kre eharged agaitistthe speciftc fill. IS. Tan%tble red assets and depreciation Tangibk fixed assets are Stated at CQ5t1255 dEp[ECli0rt. Depreciation is provided at rdl&% Calculed to wrile olTthe cos1 or Ydlualion less residual value of each asset over its &xpected useful life, as follows: Equipment Motor vchi¢l IOY• Straighi Lin¢ ISY4 Strai8ht Lin¢ l.& Debtors 2nd ¢redfilors Debtors and creAirors with no stated interest rhte and receivable or pardble within one year are recorded at tran5aclion price. Any lo&w arisin8 from impairmcDt arc rctOVAi5ed in ¢xpcndttut& 1.7. Cash at bank Cash at bank and ¢8sh equivalents stated ¢051 at the financial yw end. l.& Peusloll costs The pension cc6ts ¢haTBgd in the finanrial s&*men15 represent the contributions payable by the charity during ih¢ year. 1.9. Going oontern The finarKial stst¢m¢nts hay¢ b¢¢n prar on a going concem basis as the directors bcli¢v¢ that no material uncertaintie5 exisL The diTectOFS have constdered the level of funds held and the expected It1 of income and expenditure for t2 months from authoiising these financial sfalemenLs. The budgeled in¢om¢ and ¢AAdtu are suffi¢i¢nt with the kyel of rtserves for the cljarity to bE able to continue a5 2 going ¢oncern. PAEe 12
Shantallow Community Re5ideDts knsoei4tion Notes (o the accollnts ror thtyexr ended 31 March 202S I.ID. CritieAI actounliDE esllmates and JMdgeJnellts In application of the charity¥ accollnting policiffj the directors a requiffd lo make judgements. eslimates and assumptions att} the canying Hrnouni of &sseL% And liabilities ihat are not readily apparent from other sources. The ¢5timates and 8sso¢ialed assurnFxions e based on historical experience and other f#clots that are considered to bE rclevanL Actual r&suIts may differ from these estimates. The estimates artd underlying assumptions aT¢ review on an ongoinft basis. RevisioTts lo accounting ¢Slimat¢s fjre recolSed in the period in which the estimate is revised where the revision effect on that period. or in the period of the revision and future nOdS where the revigion affects both curffnt and future pcriod llltome 21)25 2024 Res¢rkt Apex WHSCT EA- Region The Clothworke Foundat(tsTr Department for Conllnunities Ballyamett Comm Safety & Develop DeThy Hrdlihycilies Pennyburn Credit Union PHA Clear Project Ballydmett Empwering Wome Ikny City and Strabane District Council GSAPIDENI Noject Ptoj¢ct Income Youihwork Alliance Nl Housing Executiv¢ In¢ovJe 13,950 33383 17.142 8,250 37,103 30.895 44.0(K) 141 J13 78.041 7.028 162.441 76.450 1.500 1.000 50.022 29,554 67.919 201.019 3.960 51.008 S9,307 31.443 176.580 8,000 7.155 4.500 658,880 684.083 Ullrestrieted Intome 658,880 684.083 (i) Re5tri£ted Funds Funds recelved Ivhi¢h ar¢ eamiarked by the Funder for specific purpDSts. Such purtx)ses are ivithin the overall aims of the oTgani5ation. (li) UDrestrle¢ed Funds Funds which are expendable Èt the discretion of the CoMpY in fijrtherancc of the ainLS of the charity. In addition funds may be held in Ord fmance capitsl inVestrrt and ly01n£¢aplia1.
Shanlallow CommwDity Re5hl¢Dts A55o¢iatiou Notes to Ihe attouuts ror theyear ended 31 Marcb 2025 R¢soure¢s Expended Uorestri¢ted Funds Restricted FuDds Totsl 2025 Total 2024 Management & Admllllstradon Shantallow Womens Group Ballyarnett CSD Yes Project Teamwork expensos Running Costs expenses Neighbourhwl Health Improv¢mfflt Youth Inleffttion project Ballyamert Empowcring Women ShantDllow Mens Group DepRciaiion 16.086 76.569 .580 16.086 76.569 24,580 6550 78255 965 392J95 20,662 46,664 50.460 12,017 300 403.790 27.891 53.192 46,432 10,146 7533 403.75fi 27,891 53,192 46.432 10.146 7.533 660219 666,219 638.651 Net {Dulgoin8y incoming nsources foryear Tfjtal Total 2024 Nei (outgoingy incoming resourets is stskd after ¢h*gn Deprecialion and other amounts written off langible assets Auditols remuneration 7533 2,976 300 f4ubnborof employeos Th¢ averdg¢ monthly num1)5 of emplo)Ees duTing the year. cakulated on th¢ basis of full lime ¢qUivakn a5 follows: 2025 Number 15 2024 Numbtr 14 Employees 2035 2024 Salaries and wages 227.830 224281 The ¢mploye&s who earned mre than £60,1K)O durin£ the year was-Nil (2024 Nill Page 14
Shanlallow Cornmunity R¢5idents Association Not&s to the accounts ror the yL¥r eoded 31 March 21)25 Taxatlon No ¢harg¢ to tsxation 15 duc as thc a550cialion cbaritsblc 51alu TAngiblc &sscts Motor vtbiel Equipmcllt Tolal Cost At l April 2024 At 3 1 March 2025 24,608 48,460 73,068 24.608 48,460 73,068 Dèpreciation At l April 2024 Ch8rg¢ forthe year At 31 Mgrch 2025 21,968 ?64 4,000 7,269 25968 7.533 22.232 11269 33.501 Net book values At 31 March 2025 2.376 37.191 39.567 At 31 March 2024 1640 44.460 47.1(Y) Debtors 2025 2024 GTan15 du¢ 131.849 Current liabilitiC5 2025 2024 Bank loans aftd overdfafts Otli¢r crd1t0 & deferTed Income Accrua15 48.315 2.972 42,621 43.755 2.972 108,914 93.908 155,641 15
Shanlallow Commullity Residents A550cialion Iyotes ts• the 2ccounts for theyearended 31 MAreh 2025 io. Movomebts itt Funds At l April Incoming 2024 rLsottrtLs At 31 March 2025 OutgoiDE resollreLs Restrl¢Éed (unds: Grants & Sundry Income 77.433 658.880 (666,219) 70.093 Toial restricted fund5 77,433 658,880 (666,219) 70.093 Unrestrittod funds: Generdl fvnds Toial unT¢slrithd funds 77.433 658.880 (666.219) 70,093 Purpo of ResiA¢led Fullds Restricted 8rnnLs avRrded to th¢ charity is provided to cover the corc objeets as explained in directors port. ii. Analysi5 of chang in net Openig balonce Cash flows C105ing b41gn¢¢ Cash at bank and in hand 54.122 {14,295) 39.827 r4et funds 54,122 {14.295) 39.827 ii. Relatd PaTty TTrD5actions There are no nla1 Rlated party traw¢ions in ih¢ pefiod under review. 13. P05t B31aDre Shectov¢nts No signifi¢ani events have taken place since the ye8r end ikryt woykl result in adju51En¢nts to 2025 rinancial informatioR or iTrclu5ion ofa nole theret Page 16