MONKSTOWN COMMUNITY FORUM
Statement of Financial Activities
FOR THE YEAR ENDED 30 SEPTEMBER 2023
30/9/23
Total
funds
30/9122
Total
funds
Unrestrirted Restricted
fund
funds
Notes
INCOME AND ENDOWMENTS FROM
Chai'itable activities
Chai'itable activities
256,767
17,600
274,367
253,254
Investment income
8,306
8,306
1,495
Total
265,073
17.600
282,673
254,749
EXPENDITURE ON
Charitable activities
Charitable activities
325,287
17,600
342,887
285,598
NET INCOME/(EXPENDITURE)
Transfers between funds
(60,214)
277,700
(60,214)
{30,849]
io
(277,700)
Net movementin funds
217,486
(277,700)
(60,214)
(30,849)
RECONCILIATION OF FUNDS
Total funds brought forward
305,933
1,125,800
1,431,733
1,462,582
TOTAL FUNDS CARRIED FORWARD
523,419
848,100
1,371,519
1,431.733
The notes form part of these financial statements

MONKSTOWN COMMUNITY FORUM
Balance Sheet
30 SEPTEMBER 2023
30/9/23
30/9/22
Notes
FIXED ASSETS
Tangible assets
991,502
1,023,853
CURRENT ASSETS
Debtors
Cash at bank
22,257
376,585
9,151
420,934
398,842
430,085
CREDITORS
Arnounts falling due within one year
(18,825]
(22,205)
NET CURRENT ASSETS
380,017
407,880
TOTAL ASSETS LESS CURRENT LIABILITIES
1,371,519
1.431,733
NET ASSETS
1,371,519
1,431,733
FUNDS
Unrestricted funds
Resti'icted funds
io
523.419
848,100
305,933
1,125,800
TOTAL FUNDS
1,371,519
1,431,733
These financial statenients have been prepared in accordance with the provisions applicable to charitable
compaiiies subject to the small companies regime.
financial statements were approved by the Board of Trustees and authorised for issue on
. and were signed on its behalf by..
Mr John Gault Mc Conaghie - Trustee
The notes form part ofthese financial statements
io

MONKSTOWN COMMUNITY FORUM
Notes to the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2023
ACCOUNTING POLICIES
Basis of preparingthe financial statements
The financial statements of the cliaritable company, which is a public benefit entity under FRS 102, have
been prepared in accordance with tlie Charities SORP (FRS 102) 'Accounting and Reporting by Charities:
Statement of Recommended Pi'actice applicable to charities prepai'ing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective I
January 2019),, Financial Reporting Stsndard 102 'The Financial Reporting Staiidard applicable in the UK
and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under
the historical cost convention.
Income
All income is recognised in the Statement of Financial Actlvkties once the charity has entitIement to the
funds, it is probable that the income will be i-eceived and the amount can be measured i-eliably.
Expenditure
Liabilities are recognised as expenditrre as soon as there is a legal or constructive obligation committing
the charity to that expenditure, it is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an
accruals basis and h2s been classified under headings that aggregate all cost related to the category. Where
costs cannot be directly attributed to particulai. headings they have been allocated to activities on 2 basis
consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life.
Freehold property
FiKtures and fittings
2% oncost
15010 on reducing balance
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
trustees.
Restricted funds can only be used for particular restricted purposes Wlthin the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included below..
Contingency Fund - set aside in the event of (significant) loss of income
Maintenance Fund- for tlie maintenance of the propertyand major renovations or refurbishmentwork
Succession Fund - for transition of management/staff
IT Fund- foi. the relacement/addition of MVC equipment/software
Penston costs and other post-retirement benefits
The charitable company operates a defined contribution pension scherne. Contributions payable to the
charitable company's pension scheme are charged to the Statement of Financial Activities in the period to
which tl)ey relate.
li
continued...

MONKSTOWN COMMUNITY FORUM
Notes to the Financial Statements - continued
FOR THEYEAR ENDED 30 SEPTEMBER 2023
INVESTMENT INCOME
3019123
30/9/22
Deposit account interest
8,306
1,495
NET INCOME/(EXPENDITURE)
Net income/[expenditure) is stated after charging/{crediting):
3019/23
3019122
Auditors, remuneration
Depreciation - owned assets
1,660
32,351
1,535
32,644
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remttneration or other benefits for the year ended 30 September 2023 nor for the
year ended 30 Septeinber 2022.
Trustees, expenses
There were no trustees, expenses paid for the year ended 30 September 2023 nor for the year ended
30 Septeniber 2022.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestrirted Restricted
fund
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Charitable activities
Charitable activities
232,854
20,400
253,254
Investment income
1,495
1.495
Total
234,349
20,400
254,749
EXPENDITURE ON
Charitable activities
Charitable activities
265,198
20,400
285,598
NET INCOME/(EXPENDITURE)
Transfers between funds
(30,849)
10,700
[30,849]
{10,700)
Net movement in funds
{20,149)
(10,700)
(30,849)
RECONCILIATION OF FUNDS
Total funds brouglit forward
326,082
1,136,500
1.462,582
TOTAL FUNDS CARRIED FORWARD
305,933
1,125,800
1,431,733
12
continued...

MONKSTOWN COMMUNITY FORUM
Notes to the Financial Statements- continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023
TANGIBLE FIXED ASSETS
Fixtures
and
fittings
Freehold
propei'ty
Totals
COST
At l October 2022 and 30 September 2023
1,534,509
40,400
1,574,909
DEPRECIATION
At l October 2022
Cliarge for year
521,730
30,690
29,326
1,661
551,056
32.351
At 30 September 2023
552,420
30,987
583,407
NET BOOKVALUE
At 30 September 2023
982,089
9,413
991,502
At 30 September 2022
1,012,779
11,074
1,023,853
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9123
3019/22
Trade debtoi's
Other debtors
C&W Service income due
Prepayinents
13,370
3,760
2,746
2,381
2,538
665
3,815
2,133
22,257
9,151
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9123
30/9/22
Trade creditors
VAT
Deposits held
Deferred income
Accrued expenses
512
7,773
4,833
3,917
1,790
316
6,949
4.833
5,538
4,569
18,825
22,205
13
continued...

MONKSTOWN COMMUNITY FORUM
Notes to the Financial Statements- continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023
ANALYSIS OF NET ASSETS BETWEEN FUNDS
3019123
Total
funds
30/9122
Total
funds
Unresti'icted Restricted
fund
funds
Fixed assets
Current assets
Current liabilities
143,402
398,842
{18,825)
848,100
991,502
398,842
(18,825)
1,023,853
430,085
[22,205)
523,419
848,100
1.371,519
1,431,733
io.
MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
At
1/10/22
At
3019/23
Unrestricted funds
General ￿nd
305,933
(60,214)
277,700
523,419
Restricted funds
Capital Grant Fund
Contingency Fund
Maintenance Fund
Management Succession Fund
IT Fund
873,800
125,000
62,000
50,000
15,000
(25,700)
(125,000)
(62,000)
(50,000)
(15,000)
848,100
1,125.800
(277,700)
848,100
TOTAL FUNDS
1,431,733
(60.214)
1,371,519
Net movement in funds, included in the above are as follows-.
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
265,073
(325,287)
(60,214)
Restrlcted funds
Antrim & Newtownabbey Borough
Council Grants
17,600
(17,600)
TOTAL FUNDS
282,673
(342,887)
(60,214)
14
continued...

MONKSTOWN COMMUNITY FORUM
Notes to the Financial Statements- coiitinued
FOR THE YEAR ENDED 30 SEPTEMBER 2023
io.
MOVEMENT IN FUNDS- continued
Comparatives for movement in funds
Net
movement
in funds
Transfers
between
funds
At
1/10/21
At
3019/22
Unrestricted funds
Geiieral fund
326,082
(30,849)
10,700
305.933
Restricted funds
Capital Grant Fund
Contingency Fund
Maintenance Fund
Managementsuccession Fund
IT Fund
899,500
125,000
62,000
50,000
(25,700)
873,800
125,000
62,000
50,000
15,000
15,000
1,136,500
(10,700]
1,125,800
TOTAL FUNDS
1.462,582
(30,849]
1,431,733
Comparative net movenient in funds, included in the above are as follows-
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
234,349
(265,198)
{30,849)
Restricted funds
Antrim & Newtownabbey Borough
Council Gi'ants
20,400
(20,400)
TOTAL FUNDS
254,749
(285,598)
(30,849)
ii.
RELATED PARTY DISCLOSURES
Thi'ee Trustees of Monkstown Community Forum (Alan Tayloi., Cliff Lyons and Stephen Acheson) al'e also
Ti-ustees of Monkstown Village Initiative. During tlie year MCF made contributions of £83,138 towards the
cost of Youth Woi-kers, salaries, gardenei. and the Area at Risk progi'ain.
Gina Baxter is also a member ofthe board of directors of Hollybank Pre-school. MCF made contributions of
£5.000 during the yearto Hollybank Pre-school.
Antrim & Newtownabbey Borough Council
The Forum received £17,600 from Antrim & Newtownabbey Borough Council in relation to the Areas at
Risk Programme. This programme is promoted by Monkstown Community Forum and the programme
coiitent is delivered by Monkstown Village Initiatives. At the Balance Sheet date £17,600 had been paid
over to Monkstown Village Initiatives.
15