Ch2rityNumber: NIC101810
Shafjlallow Community R￿Idents Associgtton
ror theyeareDded 31 l¥taryh 2025

Sbanlallow Commvnity ResideDts Asso¢latloD
Contents
Pgge
Infomation
Trt￿tee￿ 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 {sec￿l8ry}
S￿lIa Mccauley
Rosemllry Hillen
mcF￿deN
Charity Number
NICI 01810
XR31543
Page I

Shantallgw CoT•muuity Residcnts AwciatioD
Trnstee15 Report
Thc trust￿5 prcxnt th¢ir ￿p￿rt 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
prO￿aMM¢S.
*Health Initiatives.. 2733 people benefitted fmm Health Intervention Servic
Trustse$ aod th¢ir inter￿ts
The twstX5 of ihe charity forthe purp)￿ ofcharity law and thtOU8hout this re￿rtAre collectivety referT¢d to as
the tTUSt
The trusiets serving duTing the year and SiAce the yeareThl vKre as follows:
P*rick White
(Chairpcrson)
Patricia Patton
(Secretary)
Stel]a Mccauley
{Committe¢ Member)
RoKrnary Hillcn (cl￿￿￿1tte¢ Memkr)
Gary McFadden
Governlng Doellment
Tlie organisation is an unin¢otporated ASsoci￿10n 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£
n￿mberS. 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 tr￿sle&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 pl￿e 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 preP￿e 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 Cor￿lS[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 depaFiu￿s 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 a￿O￿nI￿g 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 T￿01U110n will be proposed at the Annual General Meeling that McGToaty Mccafferty & Company be
IE-8ppointed &% TndependentExamineTSto the ch￿lty for the ensuing year.
On behalf of the board
Sl2n
Slgued:
DAIV 10 Detembor 2￿5
Date: 10 Dettfflber 202S
Pa2¢ 3

Community ReSidentskn(￿tioll
IndopcndentAlldfitoV5 Roportto the Tr￿ts 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 ex￿ndI1u[¢ 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
appli￿b]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 aCco￿anCe 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 Un￿rtaI￿tieS relatin8 lo events or
conditions thal individually or Coll￿tively> may cast Stgniflca￿ doubt on the charl￿S 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 re￿rL
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 M￿eriallY M]￿ta￿d. If we identify gjch malerial incon5is¢encies or apPaT￿t material
mi55tatements, ive aR Iequired to deterniine whether thi5 gives rise to a ma*tial misstatement in the fina￿la[
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 follo￿￿￿8 matters in relation to vlhich the Charities (Accounts and
Reports) Regulalions (Northun I￿laTrd) ?Ql S rcquire us to report if, in our opiniDn:
- s￿Er1e1ent 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 inform￿lon 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 truSt￿S. [￿ponSIbl1111eS stalemenL the trustee5 TesTonsibl¢ for the
preparatÈon of ihE financial slatements and for king saii5ficd thal givc a ttuc a￿d fair virw. and for such
internal control as th¢ truslcc5 dcterniine is The￿ary 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 b￿n 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 Effcdthc￿undcr.
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&C￿1￿g 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 id￿lIfy and assw the risks of matertal misststements of
the fuwicial s￿l¢m¢llts due lo frau￿ io obtain suff￿lent appropriaie evidence [C￿dIng 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 ￿8￿latIOnS 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 ove￿Ide of ¢ontroK revlew appioprialenes5 of data cntry
and adjustments. querying any unusual tr3n5actions outslde the noTJnal course ofthe charitys objectives.
The rekvant laws and regul￿10￿$ 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 d￿lgft 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 tr￿￿ees. 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¢ dI￿lOSure
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 Expend￿1
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 A￿ve and their historical cost equivalenl&
Page 8

Shantallow Community Residents A5sociatloD
B4lam¢e sheet
as at 31 March 202S
2025
2024
Fixed asse15
Tan￿1b]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 eurre￿I
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 Commun￿Y Residents A$S￿l￿tiOn
Notes to Ihe aceounts
for (h¢ yeare•ded 31 Manh2025
General iDformarfon
Thc charity is reg￿tered in Northern Ireland and a registered charity with thc Charity Commi55ion
Norther Ireland wilh effect from Igmh Junc 2015. Th¢ address of th¢ reg￿ler￿ 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 I￿land (FRS102). and the
Charittes Act INorthern Ireland) 2008 and UK Gen¢Tally AThzpied ArKounting PFactic
The financial stat￿￿ents 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 cU￿enCY of thecharity.
12.
IDcomo
All ine¢minE resourc￿ are in¢lud¢d in the ststement of fir￿￿1&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 i￿Orne 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¢ rew￿lSed wh¢n ihc tharity b￿0￿c$
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 In￿Ming 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 b￿h ¢osts that ¢an be alkxaied ditectly to svch aciiviiies and
those costs of an indirect ￿t￿re necessary to support them.
1.4. Fund ayeoulllitig
Untestrlcted fvnds are availabl¢ for use at th¢ di5￿Cl10n 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 r￿ed assets and depreciation
Tangibk fixed assets are Stated at CQ5t1255 dEp[EC￿li0rt.
Depreciation is provided at rdl&% Calcul￿ed 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 pr￿ar￿ 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 It￿1
of income and expenditure for t2 months from authoiising these financial sfalemenLs. The budgeled
in¢om¢ and ¢A￿Ad￿tu￿ 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 reco￿lSed 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 CoMp￿Y in fijrtherancc of the ainLS of the charity.
In addition funds may be held in Ord￿ ￿ fmance capitsl inVestrrt￿￿ and ly0￿1n£¢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
Openi￿g
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 n￿la1 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