OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-accounts

Charity Number

102028

Rathgill Community Association

Financial Statements

For the Year Ended 31/03/23

Page 1

Rathgill Community Association
Information
Ofce 26a Rathgill Park
Bangor
BT19 7TG
Accountants Insight Business Services
7 Birch Meadow
Glengormley
BT36 5ZF
Bankers Ulster Bank
Springhill Branch
Bangor
BT19 1ND

Page 2

Rathgill Community Association

Page
Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 – 8

Page 3

Rathgill Community Association

Independent Examiner's Report to the Members of Rathgill Community Association

I report on the accounts of the charity for the year ended 31/03/23 , which are set out on pages 6 - 11.

Respective responsibilities of Directors and examiner

The charity’s Trustees are responsible for the preparation of the accounts. The charity’s Trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 and the Charities Act (NI) 2008) and that an independent examination is needed. The charity’s gross income exceeded £25,000 and I am qualified to undertake the examination by being a qualified member of the Chartered Institute of Management Accountants

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.

My role is to state whether any material matters have come to my attention giving me cause to believe:

  1. That accounting records were not kept in accordance with section 63 of the Charities Act

  2. That the accounts do not accord with those accounting records

  3. That the accounts do not comply with the accounting requirements of the Charities Act

  4. That there is further information needed for a proper understanding of the accounts to be reached.

Independent Examiner's Statement

I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.

Derek Browne ACMA Insight Business Services

53 Bernice Road Newtownabbey, BT36 4QZ

Page 4

Rathgill Community Association

Statement of Financial Activities
for the period ended
31/03/23		 Statement of Financial Activities
for the period ended
31/03/23		 Statement of Financial Activities
for the period ended
31/03/23		 Statement of Financial Activities
for the period ended
31/03/23		 Statement of Financial Activities
for the period ended
31/03/23
31/03/23
2023
Restricted
Unrestricted
Funds
Funds
£
£		 2022
Total
£ £
Income
Grant
Other Income
Total Income
80,567.56
0.00
80,567.56		 0.00
316.08
**316.08 **		 80,567.56
316.08
80,883.64		 74,437
34
74,471
Charitable Expenses
Administrative Expenses
Total Expenses		 77,922.03
1,987.00
79,909.03		 0.00
0.00
0.00		 77,922.03
1,987.00
79,909.03		 72,476
2,007
74,483
Net Incoming/(Outgoing) Resources 658.53 316.08 974.61 -12
Net Movement of Funds in the Period 974.61 -12

There are no recognised gains or losses other than the profit or loss for the above financial year.

The notes on page 7 and 8 form an integral part of these financial statements

Page 5

Rathgill Community Association

Balance Sheet
As at 31/03/23
2023
Notes
£		 2022
£
£
Fixed Assets
0		 0
Current Assets
Debtors
6
Cash at bank and in hand
0.00
5,055.96
5,055.96		 0
4,584
4,584
Creditors: amounts falling due
within one year
7
0.00 503
Net Current Assets 5,055.96 4,081
Total Assets less current liabilities 5,055.96 4,081
Creditors: amounts falling due
after more than one year
Accruals and deferred income
0.00 0
Net Assets 5,055.96 4,081
Capital and Reserves
Reserve Fund
4,081.35
Proft and Loss Account
974.61
Total Funds
5,055.96 4,093
-12
4,081

The financial statements were approved by the Committee on ...................... signed on its behalf by:

Signed

Name

...................................................................................... ......................................................................................

Page 6

Rathgill Community Association

Notes to the financial statements For the year ended 31/03/23

1. Accounting Policies

1.1 Accounting convention

The financial statements are prepared under the historical cost convention and follow the recommendations in 'Accounting and Reporting by Charities: Statement of Recommended Practice'

1.2 Incoming resources

Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. Gifts donated for resale are included as income when they are sold. Donated assets are included at the value to the charity where this can be quantified and a third party is bearing the cost. The value of services provided by volunteers has not been included.

Grants, including grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Activities in the year in which they are receivable.

1.3 Resources Expended

Resources expended are recognised in the year in which they are incurred.

1.4 Tangible fixed assets and depreciation

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and machinery 25% straight line Fixtures, fittings and equipment 25% straight line Motor vehicles 33% straight line

Page 7

Rathgill Community Association
Notes to the fnancial statements
For the year ended
31/03/23
2. Grant Income
2023
2022
£
£
Government Grants
80,568
74,437
3. Operating gain/(defcit)

2023
2022
Operating gain is stated after charging:
£
£
Depreciation and other amounts written of
0
0
Accountant's remuneration
1,897
1,897
6. Debtors
2023
2022
£
£
Trade Debtors
0
0
7. Creditors: amounts falling due within one year
2023
2,022
£
£
Trade creditors
0
0
Other Creditors
0
0
Accruals and deferred income
0
0
0
0

Page 8

Rathgill Community Association

The following does not form part of the statutory accounts.

Detailed Statement of Financial Activities

For the year ended 31/03/23

2023 2022
£ £
Income
Grant 80,568 74,437
Other Income 316 34
Total Income 80,884 74,471
Expenditure
Wages & Salaries 49,028 42,369
Heat & Light 2,320 2,047
Telephone 1,662 2,642
Travel & Expenses 875 1,647
Stationery 754 876
Maintenance 692 1,495
Equipment 0 2,454
Marketing 472 405
Insurance 1,797 1,740
IT 564 1,459
Sundry Expenses 0 0
Programmes 19,548 15,142
Transport 210 200
Accountancy & Consultancy 1,987 2,007
Depreciation 0 0
Bank charges 0 0
Total Expenditure 79,909 74,483
Surplus/Defcit 975 - 12

Page 9