MONKSTOWN COMMUNITY FORUM
Statement of FinaneiAI Activities
FOR THE YEAR ENDED 30TH SEPTEMBER 2024
2024
Total
funds
2023
Total
funds
Unrestricted
funds
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Charitable activities
Chxiitable activities
255,350
17.400
272,750
274,367
Investment income
12,857
12,857
8,306
Total
268,207
17,400
285,607
282,673
EXPENDITURE ON
Raising ￿ndS
187
187
Charitable activities
Chaiitable activities
276,482
17,400
293,882
342,887
Total
276,669
17,400
294,069
342,887
NET INCOME/(EXPENDrruRE)
(8,462)
2S,700
(8,462)
(60,214)
Transfers behveen funds
12
(25,700)
Net movement in funds
17,238
(25,700)
(8,462)
(60,214)
REC0Tr4CILIATION OF FUNDS
Total fi]nds brought forward
523,419
848,100
1,371,519
1,431,733
TOTAL FUNDS CARRIED FORWARD
540,657
822,400
1,363,057
1,371,519
The notes form part of these financial statements

MONKSTOWN COMMUNITY FORUM
Balance Sheet
30TH SEPTEMBER 2024
2024
2013
Notes
FIXED ASSETS
Tangible assets
959,400
991,502
CURRENT ASSETS
Debtors
Cash at bank
29238
395,801
22,257
376,585
425,039
398,842
CREDITORS
Amounts falling due within one year
io
(21J82)
(18.825)
NET CURRENT ASSETS
403,657
380.017
TOTAL ASSETS LESS CURRENT
LIABILITIES
lJ63,057
1,371.519
NET ASSETS
1,363,057
1,371,519
FUNDS
Uni'estricled funds
Restricted funds
12
540,657
822,400
523,419
848,100
TOTAL FUNDS
1,363,057
1,371,519
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year
ended 30th September 2024.
The members have not required the company to obtain an audit of its fiiiancial statements for the year ended
30th September 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a)
er)suring that the charitable company keeps accounting records Ihat comply with Sections 386 and 387 of ihe
Companies Act 2006 and
preparing financial statements which give a true and fair view of the state of affairs of the charitable company as
at the end of each financial year and of its surpliis or deficit for each financial year in accordance with tlie
reqiiirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act
2006 relating to financial statements, so far as applicable to the charilable company.
(b)
These financial statements have been prepared in accordance with the provisions applicable to charitable companies
subject to the small eompai)ies regime.
The finan¢ial stalements were approved by ihe Board of Trustees and authorised for issue on loth February 2025 and
were signed on its behalf by-
4aN /•
John Gauli Mc Conaghie - Tnistee
The notes form part of these financial statements

MONKSTOWN COMMUNITY FORUM
Notes to the Financial Statements
FOR THE YEAR ENDED 30TH SEPTEMBER 2024
ACCOUNTIIYG POLICIES
Basis of prepai'ing the finaneiAI statements
The financial statements of the charitable company, which is a public benefit eiitity under FRS 102, have been
prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement
of Recommended Pi'actice applicable to charities preparing their accoltiits in accordance with the Fiiiai)cial
Reportiiig Staiidard applioable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),,
Financial Reporting Standard 102 'The Finaiicial Reporting Standard applicable in the UK and Republic of
IIEland' and tlie Companies Act 2006. The financial statements have been prepared under the historical cost
convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the fund5, it
is probable that the income will be received and the amouiit can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the
charity to tl)at expenditure, it is probable that a transfer of economic benefits will be required in settlement and
tlie amount of the obligation can be measured reliably. Expenditure 15 accounted for on an accruals basis and has
been classified under headings that aggregate all cost related to the category. Where costs cannot be directly
attributed to particular headings they have been allocated to activities on a basis consistent with the use of
resources.
Tangible fixed as5et5
Depreciation is pi'ovided at tl)e following annual rates in order to write off each asset over ils estimated usefvl
life.
Freehold property
Fixtures and fittings
20/0 on c05t
150/0 on reducing balftnce
Taxation
The charity is exempt from corporation tax 011 its ¢hai'itable aclivities.
Fund aecounting
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.
Unrestricted ￿ndS can be used in accordance with the charitable objectives at tlie discretion of the trustees.
Designated fijnds are eamiarked fom]ally by Ihe organisation for a particular purpose.
The nature and purpose of each ￿nd is included below..
Contingency Fund - set aside in the event of (significant) loss of income
Maintenance Fund - for the maintenance of the property and major renovations or refurbishment wod(
Succession Fund- for ti'ansition of managemenvstaff
IT Fund - for the replhcementladdition of MVC equipmentlsofNvare
Pension eosts and other post-retirement benefits
The ¢haritable company operates a defined contribution pension scheme. Contributions payable lo the charitable
company's pension scheme are charged to the Statement of Financial Activilies in the period to which they relate.
continued...

MONKSTOWN COMMUNITY FORUM
Notes to the Financial Statements- continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024
INVESTMENT INCOME
2024
2023
Deposit account interest
12,857
8,306
RAISING FUNDS
RAising donations aiid legaeies
2024
2023
Support costs
187
NET INCOMEI(EXPENDITURE)
Net incomel(expenditure) is stated after chargingl(crediting):
2024
2023
Auditor5, remuneration
Deprec&ation- owned assets
1,675
32,102
1,660
32,351
TRUSTEES, REMUNERATION AND BENKFITS
There were no trustees, remuneralion or other benefils for the year ended 30th Seplember 2024 nor for the year
ended 30th Seplember 2023.
Trustees, expenses
There were no trustees, expenses paid for the year ended 30th September 2024 nor for the year ended
30th September 2023.
STAFF COSTS
The average monthly number of employees diirii)g the year was as follows:
2024
2023
Administrative
No employees received emoluments in excess of £60,000.
continued...

MONKSTOWN COMMUNITY FORUM
Notes to the FinaneiAI StAtements- contiiiued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024
COMPARATIVES FOR THE StATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
Resti'icted
funds
TotAI
funds
INCOME AND ENDOWMENTS FROM
Charitable activities
Charitable activities
256,767
17,600
274,367
Iiivestment inwme
8,306
8,306
Total
265,073
17,600
282,673
EXPENDITURE ON
Charitable activities
Charitable activities
325,287
17,600
342,887
NET INCOME/(EXPENDITURE)
Transfers behveen funds
(60,214)
277,700
(60,214)
(277,700)
Net movement in funds
217,486
(277,700)
(60,214)
RECONCILIATION OF FUIYDS
Total funds bi'ollght fonvard
305,933
,125.800
1,431,733
TOTAL FUNDS CARIUED FORWARD
523,419
848,100
1,371,519
TANGIBLE FIXED ASSETS
Fixtures
and
fittings
Freehold
property
Totals
COST
At 1st October 2023 and
30th September 2024
1,534509
40,400
1,574,909
DEPRECIATION
At I st October 2023
Charge for year
552,420
30,690
30,987
1,412
583,407
32,102
At 30th September 2024
583,110
32,399
615,509
NET BOOK VALUE
At 30th September 2024
951J99
8,001
959,400
At 30th September 2023
982,089
9.413
991,502
10
continued...

MONKSTOWN COMMUIYITY FORUM
Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30TH SEYfEMBER 2024
DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR
2024
2023
Trade debtors
Other deblors
C&W Service income due
Prepaymenls
15,598
4,913
6,539
2,188
13.370
3,760
2,746
2,381
29,238
22,257
io.
CREDITORS: AMOUIYTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade creditors
44
8,372
4,833
3,917
4216
512
7,773
4,833
3,917
1,790
VAT
Deposits held
Deferred income
Accwed expenses
21,382
18,825
ii.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
2024
Total
funds
2023
Total
fuiids
Unrestricted
fund
Restricted
funds
Fixed assets
Current assets
Current liabilities
137,000
425,039
(21?82)
822,400
959,400
425,039
(21,382)
991,502
398,842
(18,825)
540,657
822,400
1,363,057
1.371,519
12.
MOVEMEIYT IN FUNDS
Net
movement
in funds
TrAnsfers
between
funds
At
1110123
At
3019124
Unrestricted funds
Genernl fund
Designated Funds
523,419
(8,462)
(184,434)
210,134
330,523
210,134
523,419
(8,462)
25,700
540,657
Resti'icted funds
Capital Grant Flind
848,100
(25,700)
822,400
TOTAL FUNDS
1,371,519
(8,462)
1,363,057
continued...

MONKSTOWN COMMUNITY FORUM
Notes to the Finaneial Statements - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024
12.
MOVEMENT IIY FUNDS - continued
Net movement in fuiids, ii)cluded in tlie above ar¢ as follows..
Incoming
esources
Resources
expended
Movement
in funds
Uni'estricted funds
Geneial fund
268,207
(276,669)
(8,462)
Restrieted funds
Antrim & Newtownabbey Borough Council
Grants
17,400
(17,400)
TOTAL FUNDS
28S,607
{294,069)
(8,462)
Comparatives for movement in fund5
Net
movement
in funds
TrAnsfers
betsveen
funds
At
1110122
At
3019123
Unrestiieted fun(Is
General ￿nd
305,933
{60,214)
277,700
523,419
Restricted funds
Capital Gratit Fund
Contingency Fund
Maintenance Fund
Management Succession Fund
IT Fund
873,800
125,000
62,000
50,000
Is,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
Comparative net movement in funds, included in the above are as follows:
Incoming
resourees
Resources
expended
Movement
in funds
Unrestricted funds
General fund
265,073
(325,287)
(60,214)
Restricted funds
Anlrim & Newtownabbey Borough Council
Grants
17,600
(17,600)
TOTAL FUNDS
282,673
(342,887)
(60.214)
12
continued...

MONKSTONVN COMMUNITY FORUM
Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024
12.
MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 monihs combined posltion is as follows..
Net
movement
in funds
Transfers
between
funds
At
1110122
At
3019124
Uiii'estrieted funds
General fund
Designated Funds
305,933
(68,676)
93,266
210,134
330,523
210,134
305,933
(68,676)
303,400
540,657
Restricted funds
Capital Grant Fund
Contingency Fund
Maintenance Fund
Management Succession Fund
IT Fund
873,800
125,000
62,000
50,000
15,000
(51,400)
(125,000)
(62,000)
(50,000)
(15,000)
822,400
1,125,800
(303,400)
822,400
TOTAL FUNDS
1,431,733
{68,676)
1,363,057
A cu￿ent year 12 months and prior year 12 months combined net movement in funds, included in the above are
as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestrteted funds
General fund
533,280
(601.956)
(68.676)
Resti'icted funds
Antriin & Newtownabbey Borough Council
Gi'ants
35,000
(35,000)
TOTAL FUNDS
568,280
(636,956)
(68,676)
Transfers between funds
The organisation has designated £210,134 of unrestricted funding to the following purposes:
Contingency Fund £125,000, Maintenance Fund £34,453. Succession Fund £38,605, IT Fund £12,076.
Details of the various ￿ndS are explained in the accounting policies note on page 9.
13
continued..

IVIONKSTOWN COMMUNITY FORUM
Notes to the Fin8ncial Statements - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024
13.
RELATED PARTY DISCLOSURES
Three Trustees of Monkstown Community Forum (Alan Taylor, Cliff Lyons and Stephen Acheson) are also
Trustees of Monkstown Village Initiative. During ihe year MCF made contributions of £87,118 towards the cost
of Yollih Workers, salaries, gardener and the Area al Risk program.
Gina Baxter is also a member of tlie board of directors of Hollybank Pre-school. MCF made contillbutions of
£5,500 during the year to Hollybank Pre-school.
Antrim & NewtownAbbey Borough Council
The Forum received £17,400 from Antrim & Nemownabbey Borough Council in relation to the Areas at Risk
Progi'amme. This programme is pioinoted by Monkstown Community Forum and the programme content is
delivered by Monkstown Village Initiatives. At the Balance Sheet date £17,400 had been paid over to
Monkstown Village Initiatives.
14