Company Number: N1623617 Charity Number: 102011 Burren Vlsion Company Limited by guarantee Financial Statements far the year ended 31 March Z024 McPolin & Murdock (CA) Ltd Chartered Accountants 763 Maln Street Castlewellan Co Down BT319DL
Burren Vlslon Company Ilmited by guarantet CONTENTS Reference and Adminlstrative Informatlon Dlrectors Annual Report ststement of Directors Reponsibilities Accountants, Report statement of Finandal ActTvitles Balan¢e Sheet AcrDvntlng Pollcles Notes to the Flnan¢lal Ststements io- 5upplementsry. Infomation relating to the Financlal Statements 13
Burren Vislon Company limlted by guarantee REFERENCE AND ADMINISTRATIVE INFORMATION Directors Colin Loughran Anne Cassidv Brian McGivern Rory Macauley Jame5 McGivern Brendan McKernan Justin Murphy Deirdre Tominey rimothy Cunningham Company Secretary Sean Grant Charlty Number Northern Irleand 102011 Company Number N1623617 Registered Office and Prlncipal Address St Marys Youth Club Carrogs Road Burren Newry Co Down BT34 3PY Accountants McPolin & Murdock ICAI Ltd 76a Main Street Ca5tlewellan Co Down BT319DL Bankers Bank Of Ireland 12 Trevor HIS1 Newry BT34 IDN
Burren Vlslon Company limited by guarantee DIRECTORS ANNUAL REPORT for the year ended 31 March 2024 The directors present their Directors, Annual Report prepared in accordance with Charities SORP (effective January 20151 and the unaudited financial statements forthe year ended 31 March 2024 also prepared in accordance with the afforementioned Statement of Recommended Practice The directors. who are also trustees of the charity, atthe date of this report and those who Served during the financial year together with the dates of any changes are set out on page 3 and are listed below. Principal Activities The principal activity of the charitable company is to deliver a wide range of activities for the local community within the Burren area. Dirertors The directors who served during the year are as folows: Jennifer McGovern Anne Cassidy Colin Loughran Rory Macaulev Sean Grant Ciaran Murdock Justin Murphy Brendan McKernan Deirdre Tominey James McGivern Brian McGivern Timothy Cunningham Special provlslons relating to small companies. The above report has been prepared in accordance with the special provlsions relating to small companies within Part IS of the companies Act 2006. By order of the Board Colin Loughran Dlrector Inm Director Date: 30 JAYJ IILC ,
Burren Vislon Company limlted by guarantee STATEMENT OF DIRECTORS REPONSIBILITIES for the year ended 31 March 2024 The directors are responsible for preparing the financial statements in accordance with applicable law and regul3tion5. Company law requires the directors to prepare financial statements in accordance wlth applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice {United Kingdom Accounting Standards and applicable lawl. Under company law the directors must not approve the financial statements unle55 they are satisfied that they give a true and fair view of the state of affairs of the charity and the net income or expenditure of the charity for that perlod. In preparing these financial statements, the dirertors are required to: select suitable accounting policies and apply them consistently make judgements and estimates that are reasonable and prudent state whetherthe Charities SORP (effective January 20151 has been followed prepare the financial statements on the going concern basis unless it Is appropriate that the charity will continue in operation The directors are reponsible for keeping proper accounting records which disclose wlth reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with and all Regulations to be construed as one with that Act. They are also repon5ible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other Irregularities. On behalf of the Boar Colin Loughran Director Ju in Dlrect rphy Date:
Burren Vlslon Company Ilmited by guarantee ACCOUNTANTS, REPORT to the Board of Directors on the unaudited financial statements of Burren Vision for the year ended 31 March 2024. In order to assist you to fulfill your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the Company for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet. the Accounting Policies and the related notes from the Company's accounting records and from information and explantions you have given to U5. This report Is made solely to the Board of Directors of Burren Vislon, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Burren Vision and state those matters that we have agreed to state to the Board of Directors of Burren Vision, a5 a body, in this report in accordance with the guidance of Chartered Accountants Ireland. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Burren Vision and its Board of Directors, as a body, for our work or for thls report. We have carried out this engagement in accordance with the guidance issued by Chartered Accountants Ireland and have compiled with the ethical guidance laid down bv Chartered Accountants Ireland relating to members undertaking the compiliation of financial statements. It 15 your duty to ensure that Burren Vision has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and surplus of Burren Vision. You consider that Burren Vision is exempt from the statutory audit requirement forthe year. We have not been Instructed to carry out an audit or a review of the financial 5tatÈments of Burren Vision. For this rea50n, we have not verified the accuracy or Completeness of the accounting records or information and explantions you have given to us and we do not, therefore express any opinion on the statutory financial statements. Th<<L/ MCPOLIN & MURDOCK (CA) LTD Chartered Accountants 76a Main Street Castlewellan Co. Down BT319DL Date:
Burren Vlsion Company limlted by guarantee STATEMENT OF FINANCIAL ACTIVITIES Ilncorporating an income and Expenditure Account) For the year ended 31 March 2024. Unrestrirted Restricted Funds Funds 2024 2024 Total 2024 Total 2023 Incoming Resources Generated funds Grants received Donations received 62,537 62,537 48,354 19,997 19,997 991 Total incoming resources 82,534 82,534 49,345 Resources Expended Net Incoming Resources avallable for tharitable appllcation 82,534 82,534 49,345 Resources Expended on Charltable Artivltles Charitable Activities 62,611 62,611 68,364 Surplus/{deficit} for the year 19,923 19,923 19,019 Net movement in fund5 forthe year 19,923 19,923 19,019 Reconclllation of funds Balances brought forward Balance5 carried forward at 31 March 2024 23,797 43,720 23,797 43,720 42.816 23,797
Burren Vlslon Company limlted by guarantee BALANCE SHEET Forthe year ended 31 March 2024 2024 2023 Fixed Assets Tangible assets 1,608,822 1,688,262 Current Assets Cash at bank and in hand 44,075 16,147 Credltor5: Amounts falllng due within one year 1,609.177 1,680,611 Net Current Assets 43,720 23,797 Total Assets less Current Liabilities 43,720 23,797 Funds General fund lunrestricted} 43.720 23,797 Total Fund5 43,720 23,797 On beh f oftheB rd Colin Loughran Direct St Dlrect urphy Date:
Burren Vislon Company lirnited by guarantee ACCOUNTING POLICIES For the year ended 31 March 2024 Basls of preparation The financial statements have been prepared under the historical cost convention and in accordance with the Companies Act 2006 and Part 8 of the Charities Act (Northern Ireland) 2008. They also comply with the Statement of Recommended Practice {updated 20151 and with the financial reporting standards. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements. Cash Flow Statement The company ha5 availed of the exemption in FRS 102 from the requirement to produce a c35h flow statement becasue it 15 classified as a small company. Incoming Resources Voluntary income or capital is included in the Statement of Financial Activities when the company is legally entitled to it, Its financial value can be quantified with reasonable ertainty and there is reasonable certainty of its ultimate receipt. Entitlement to legacies is considered established when the company has been notified of a distribution to be made by the executors. Income received in advance of due performance under a contract is accounted for as deferred income until earned. Grant5 for activities are recognised as income when the related conditions for legal entit5ements have been met. All other income is accounted for on an accruals basis. Resources Expended All resources expended are accounted for on an accruals b35i5. Charitable activities include costs of services and grants, support costs and depreciation on related assets. C05t of generating funds similarly include fundraising activities. Non-staff costs not attributed to one category of activity are allocated or apportioned pro rata to the staffing of the relevant service. Finance. HR, IT and administrative staff costs are directly attributable to individual activities by objective. Governance costs are those associated with constitutional statutory requirements. Tangible flxed assets and depreclatlon Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation Is calculated to write off the origina5 c05t or valuation of tangible flxed assets, less their estimated residual value, over their expected useful lives as fo51ows: Land and property- 4% Straight Line Taxatlon The charity's activities fall withom the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts.
Burren Vision Company Ilmited by guarantee NOTES TO THE FINANCIAL STATEMENTS Forthe year ended 31 March 2024 I ANALYSIS OF RESOURCES EXPENDED Charitable Attlvities Governance Costs Total 2024 Total 2023 Other Costs Telephonel internet Bank Fee5 Rates Heat, light & power Legal & professional costs Youth club shop Youth club expenses Repairs Loan interest Rent Paid Total 928 440 414 12,473 20 3,605 1,319 5,563 5,903 928 440 912 668 264 14,464 4,520 4,505 1,363 4,579 5,142 414 12,473 20 3.605 1.319 5,563 5,903 30,664 30,664 36,417 2 ANALYSIS OF RESOURCES EXPENDED AND RELATED INCOME FOR CHARITABLE ACTIVITIES Charitable Activities Governance Costs Total 2023 Total 2022 Charitable activities Direct and other costs Costs 36,417 30,664 30,664 Leasehold Land & Buildings 3 TANGIBLE FIXED ASSETS Total Cost Addition5 at 31 March 2024 1,986,012 1,986,012 1,986,012 1,986,012 Amortisation B/fwd Charge At 31 March 2024 297,750 79,440 377,190 297,750 79,440 377,190 Net book value At 31 March 2024 At 31 March 2023 1,608,822 1,688,262 1,608,822 1,688,262 io
Burren Vision Company limlted by guarantee NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 4 CREDITORS AND ACCRUAL5 2024 2023 Accruals and deferred income Other creditors Loan BB Loan UCIT Loan 951,676 558,267 9,492 26,585 63,157 999,169 567,975 9,492 36,419 67,556 1,609,177 1,680,611 ANALYSIS OF NET ASSEfs BY FUND Fixed Assets Current Assets Current Llabilities Total Unrestrlrted Income Restricted funds Unrestricted funds 951,676 657,501 951,676 995,396 1,608,822 44,075 1,608,822 44,075 1,609,177 43,720 ANALYS15 OF MOVEMENT ON FUNDS Balance 114123 Incomin8 resources Resource5 expended Balance 3113124 Re5tritted Funds Unrestricted income 23,797 82,534 62,611 43,720 23,797 82,534 62,611 43,720 STATUS The company is limited by guarantee not having a share capital. The liability of the members is limited. Every member of the company undertake5 to contribute the assets of the company in the event of its being wound up while they are members, or within one year thereafter, for the payment of the debts and liabilities of the company contracted before the ceased to be members, and the costs charges and expenses of winding up, and for the adjustment of the rights of the contributions among themselves, such amount as may be required not exceeding £1. POST BALANCE SHEEET EVENTS li
BURREN VISION (A company limited by guarantee, not having share capit311 SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12
Burren Vlsion Company limlted by guarantee SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating statement For the year ended 31 March 2024 2024 2023 Income Grants received Misc income Donations received 19,997 62,537 991 48,354 82,534 49,345 Gross surplusldeficlt 82.534 49,345 Expenses Bank Fees Legal & professional costs Telephone/ internet Rates Heat, light & power Youth club Shop Youth club expenses Repair5 Loan interest Depreciation Amortisation of government grants 440 20 928 414 668 4,520 912 264 12,473 3,605 1,319 5,563 5,903 79,440 47,493 62,611 14,464 4,505 1,363 4,579 5,142 79,440 47,493 68,364 Surplus of income over expenditure 19.923 19,019 13