Charity Number
102028
Rathgill Community Association
Financial Statements
For the Year Ended 31/03/25
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 31/03/25 , 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:
-
examine the Accounts under Section 65 of the Charities Act
-
to follow the procedures laid down in the general Directions given by the Charity Commission under section 65(9)(b) of the Charities Act
-
to state whether particular matters have come to my attention.
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:
-
That accounting records were not kept in accordance with section 63 of the Charities Act
-
That the accounts do not accord with those accounting records
-
That the accounts do not comply with the accounting requirements of the Charities Act
-
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.
D Browne
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 31/03/25 |
Statement of Financial Activities for the period ended 31/03/25 |
Statement of Financial Activities for the period ended 31/03/25 |
Statement of Financial Activities for the period ended 31/03/25 |
|
|---|---|---|---|---|
| 2025 Restricted Unrestricted Total Funds Funds £ £ £ |
2024 | |||
| £ | ||||
| Income Grant Other Income Total Income |
||||
| 79,500.35 0.00 79,500.35 |
2,400.00 81,900.35 2,644.30 2,644.30 |
74,557 1,580 |
||
| 5,044.30 84,544.65 | 76,137 | |||
| Charitable Expenses Administrative Expenses Total Expenses |
77,650.35 1,850.00 79,500.35 |
0.00 77,650.35 1,780.00 3,630.00 |
75,747 2,107 |
|
| 1,780.00 | 81,280.35 | 77,854 | ||
| Net Incoming/(Outgoing) Resources | 0.00 | 3,264.30 | 3,264.30 | -1,717 |
| Net Movement of Funds in the Period | 3,264.30 | -1,717 | ||
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 31/03/25 |
Balance Sheet As at 31/03/25 |
Balance Sheet As at 31/03/25 |
|
|---|---|---|---|
| 2025 Notes £ £ |
2024 £ |
||
| Fixed Assets 0 |
0 | ||
| Current Assets Debtors 6 Cash at bank and in hand |
|||
| 972.48 8,141.24 |
200 5,930 |
||
| 9,113.72 | 6,130 | ||
| Creditors: amounts falling due within one year 7 |
|||
| 1,810.00 | 2,091 | ||
| Net Current Assets | 7,303.72 | 4,039 | |
| Total Assets less current liabilities | 7,303.72 | 4,039 | |
| Creditors: amounts falling due after more than one year Accruals and deferred income |
|||
| 0.00 | 0 | ||
| Net Assets | 7,303.72 | 4,039 | |
| Capital and Reserves Reserve Fund Proft and Loss Account Total Funds |
|||
| 4,039.42 3,264.30 |
5,756 -1,717 |
||
| 7,303.72 | 4,039 | ||
The financial statements were approved by the Committee on 18 November 2025 and signed on its behalf by:
Signed
Dionne Worrell
Name
Dionne Worrell
Page 6
Rathgill Community Association
Notes to the financial statements For the year ended 31/03/25
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 31/03/25 |
||
31/03/25 |
||
| 2. Grant Income | 2025 £ 81,900 |
2024 £ 74,557 |
| Government Grants | ||
| 3. Operating gain/(defcit) | ||
| 2025 £ 0 1,810 |
2024 £ 0 1,987 |
|
| Operating gain is stated after charging: Depreciation and other amounts written of Accountant's remuneration |
||
| 6. Debtors | 2025 £ 972 |
2024 £ 500 |
| Trade Debtors | ||
| 7. Creditors: amounts falling due within one year | 2025 £ 0 1,810 0 |
2,024 £ 1,104 1,987 0 |
| Trade creditors Other Creditors Accruals and deferred income |
||
| 1,810 | 3,091 | |
Page 8