Company Number: N1623617 Charlty Number: 102011 Burren Vlslon Company Llmited by guarantee Flnanclal Statements for the year ended 31 March 2025 McPolln & Murdock {CA) Ltd Chartered Accountants 76a Maln Street Castlewellan Co Down BT319DL Burren Vlslon Company limited by guarantee CONTENTS Reference and Administrative Information Directors Annual Report Statement of Directors Reponsibilities Accountants, Report Statement of Financlal Activitles Balance Sheet Accounting Policies Notes to the Financial Statements io-ii Supplementary Information relating to the Financial Statement5 13 Burren Vlslon Company limited by guarantee REFERENCE AND ADMINISTRATIVE INFORMATION Dlrertors Colin Loughran Anne Cassidy Brian McGivern Rory Macauley James McGivern Brendan McKernan Justin Murphv Deirdre Tominey Timothy Cunningham Sean Grant Company Secretary Sean Grant Charlty Number Northern Irleand 102011 Company Number N1623617 Reglstered Offlce and Princlpal Address St Marys Youth Club Carrogs Road Burren Newry Co Down BT34 3PY Accountants McPolin & Murdock ICAI Ltd 76a Maln Street Ca5tlewellan Co Down BT319DL Banker5 Bank Of Ireland 12 Trevor Hill Newry BT34 IDN Burren Vlslon Company limlted by guarantee DIRECTORS ANNUAL REPORT for the year ended 31 March 2025 The directors present their Directors, Annual Report prepared in accordance with Charities SORP leffectlve January 2015} and the unaudited financial statements for the year ended 31 March 2025 also prepared in accordance with the afforementioned Statement of Recommended Practice The directors. who are also trustees of the charlty. at the d3te 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. Prlncipal Actlvltle5 The principal activlty of the charitable company is to deliver a wlde range of activities for the local community within the Burren area. Directors The directors who served during the year are as folows: Timothy Cunningham Anne Cassidy Colin Loughran Rory Macauley Sean Grant Justin Murphy rendan McKernan Deirdre Tominey James McGivern Brian McGivern Speclal provlslons relating to small companles. The above report has been prepared in accordance with the special provlsSons relatin8 to Small companies within Part 15 of the companies Act 2006. y order of the Board Colln Loughran Director Jus nmu Dlrertor Date: 80.01.16 Burren Vlslon Company limlted by guarantee STATEMENT OF DIRECTORS REPONSIBILITIES for the year ended 31 March 2025 The directors are responsible for preparing the financial statements in accordance with applicable law and regulations. Company law requires the direttors to prepare financial statements in accordance with applicable law and regulations. Company13w requires the directors to prepare financi31 statements for each financial year, Under that law the directors have elected to prepare the financial statement5 in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Stand3rd5 and applicable lawl. Under company law the director5 must not approve the financial statements unless 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 dlrectors are required to: select suitable accounting policies and apply them consistently make judgements and estimates that are reasonable and prudent state whether the Charities SORP {effective January 20151 has been followed prepare the financl31 statements on the going concern basis unless it is appropriate that the charity will continue in operation The director5 are reponsible for keeping proper accounting records which disclose with 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 irregularitie5. On behalf of the Boar Colin Loughran Dlrector Jus Dirertor Date: 30.01. 16 Burren Vlslon Company limited by guarantee ACCOUNTANTS, REPORT to the Board of Directors on the unaudlted fin3ncial statements of Burren Vision for the year ended 31 March 2025. In order to assist you to fulfill your duties under the CompanlÈs Act 2006, we have prepared for your approval the financial statements of the Companyforthe year ended 31 March 2025 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 us. This report is made solely to the Board of Directors of Burren Vision, 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 Director5 of 8urren Vislon, as a body, In this report In accordance wlth 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 it5 Board of Directors, as a body, for our work or for this report. We have carried out this engagement in accordance wlth the guidance issued by Chartered Accountant5 Ireland and have compiled with the ethical guSdance laid down by Chartered Accountants Ireland relating to member5 undertaking the compiliation of financial statements. It is your duty to ensure that Burren Vision has kept adequate accountlng records and to prepare statutory financlal statements that give a true and fair view of the assets, liabilities, financial position and surplu5 of Burren Vision. You consider that Burren Vision is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of 8urren Vlsion. For this reason, 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 financlal statements. MCPOLIN & MURDOCK ICAI LTD Chartered Accountants 76a Main Street Castlewellan Co, Down BT319DL Date.. Burren Vislon Company Ilmlted by 8uarantee STATEMENT OF FINANCIAL ACTIVITIES Ilncorporating an income and Expenditure Accountl For the year ended 31 March 2025. Unrestrlcted Restrlcted Funds Funds 2025 2025 Total 2025 Total 2024 Incoming Resources Generated funds Grants received Donation5 received 50,245 50,245 62,537 19,997 Total incoming resources 50,245 50,245 82.534 Resources Expended Net Incomlng Resources avallable for charitable applicatlon 50,245 50,245 82,534 Resources Expended on Charltable Actlvltles Charitable Activities 56,997 56,997 62,611 Surpluslldeficitl for the year 6.752 6,752 19,923 Net movement in funds for the year 6,752 6,752 19,923 Reconcillatlon of funds Balances brought forward Bolances carried forward at 31 March 2024 43,720 36.968 43,720 36,968 23.797 43,720 Burren Vlslon Company Ilmlted by guarantee BALANCE SHEET For the year ended 31 March 2025 2025 2024 Flxed A55et5 Tangible assets 1,529,382 1.608,822 Current Assets Cash at bank and in hand 50,997 44,075 Creditors: Amounts falllng due withln one year 1.543,411 1,609,177 Net Current Assets 36,968 43,720 Total A55ets less Current Liabilities 36,968 43,720 Funds General fund {unrestrictedl 36,968 43,720 Total Funds 36,968 43.720 On behalf of the Board n Loughran Direct Justi Dlr urphy or Date: Burren V151on Company Ilmlted by guarantee ACCOUNTING POLICIES For the year ended 31 March 2025 Basls of preparatlon The financial statement5 have been prepared under the historical cost convention and in accordance with the Companies Act 2006 and Part 8 of the Charities Act {Northern Irelandl 2008. They also comply with the Statement of Recommended Practice lupdated 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 has avalled of the exemption In FRS 102 from the requlrement to produce a cash flow statement becasue it is c135sified as a small company. Incoming Resources Voluntary income or capital Is included in the Statement of Financial Activitles when the company is legally entitled to it, its financial value can be quantified with reasonable certainty 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. Grants for activitie5 are recognised as income when the related condition5 for legal entitlement5 have been met. All other income is accounted for on an accruals basis. Resources Expended All resources expended are accounted for on an accruals basis. Charitable actlvitles include costs of services and grant5. SUPPOrt costs and depreciation on related assets. Cost of generatlng funds slmilarly include fundraising activities. Non-staff cost5 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 dlrectly attributable to individual activities by objective. Governance costs are those associated with constitutional statutory requirements. Tanglble 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 original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful Ilves as follows- Land and property- 4% Straight Line Taxation The charity's activities fall withom the exemptions afforded by the provisions of the income and Corporation Taxes Act 1988. Accordingly, there 15 no taxation charge in these accounts, Burren Vlslon Company limlted by guarantee NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 I ANALYSIS OF RESOURCES EXPENDED Charitable Activities Governance Costs Total 2025 Total 2024 Other Costs Telephone/ internet Bank Fees Rates Heat, light & power Legal & professional costs Youth club shop Youth club expenses Repairs Loan interest Rent Paid Total 1,381 386 I,oio 11.505 60 3.743 1,502 3,332 2,130 1,381 386 I,oio 11,505 60 3,743 1.502 3.332 2,130 928 440 414 12,473 20 3,605 1,319 5,563 5,903 25,050 25,050 30.665 2 ANALYSIS OF RESOURCES EXPENDED AND RELATED INCOME FOR CHARITABLE ACTIVITIES Charitable Activities Governance Costs Total 2025 Tot31 2024 Charitable activities Direct and other costs Costs 25.050 25,050 30,664 Leasehold Land & Buildings 3 TANGIBLE FIXED ASSETS Total Cost Additions at 31 March 2025 1,986,012 1.986,012 1.986,012 1,986,012 Amortlsatlon Blfwd Charge At 31 March 2025 377,190 79,440 456,630 297,750 79,440 377,190 Net book value At 31 March 2025 At 31 March 2024 1,529,382 1,608,822 1,608,822 1,608,822 io Burren Vislon Company limited by guarantee NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 4 CREDITORS AND ACCRUALS 2025 2024 Accruals and deferred income Other creditors Loan BB Loan UCIT Loan 904,183 622,767 951.676 558.267 9,492 26,585 63,157 16,461 1,543,411 1.609,177 ANALYSIS OF NET ASSETS BY FUND Fixed Assets Current Asset5 Current Liabllitles Total Unrestrlcted Income Restricted funds Unrestrlcted funds 904,183 639,228 904,183 941,150 1,529,382 50.997 1,529,382 50,997 1,543,411 36,968 ANALYSIS OF MOVEMENT ON FUNDS Balance 114124 Incoming resources Resources expended Balance 3113125 Restricted Funds Unrestricted Income 43.720 50,245 56,997 36,968 43,720 50,245 56,997 36,968 STATUS The company is limited by guarantee not having a share capital. The liability of the members is limited. Every member of the company undertakes to contribute the assets of the company in the event of its belng 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 wlnding up. and for the adlustment of the rights of the contrlbutions among themselves. such amount as may be requlred not exceeding £1. POST BALANCE SHEEET EVENTS li BURREN VISION IA company limlted by guarantee, not having share capit311 SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 12 Burren Vlsion Company limited by guarantee SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating statement For the year ended 31 March 2025 2025 2024 Income Grants received Misc income Donations received 19,997 62,537 50,245 50.245 82,534 Gross surplus/deflclt 50.245 82,534 Expenses Bank Fees Legal & professional costs Telephone/ internet Rates 386 440 60 1,381 I,oio 11,505 3,743 1,502 3,332 2,130 79,440 47.493 56,997 20 928 414 Heat, light & power Youth club shop Youth club expenses Repairs Loan interest Depreciation Amortisation of government grants 12,473 3,605 1,319 5,563 5,903 79,440 47,493 62,612 Surplus of Income over expendlture 6,752 19,922 13