:
MONKSTOWN COMMUNITY FORUM
Statement of Financial Activities
FOR THE YEAR ENDED 30TH SEPTEMBER 2025
==> picture [457 x 372] intentionally omitted <==
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|2025|2024|
|Unrestricted|Restricted|Total|Total|
|funds|funds|funds|funds|
|Notes|£|£|£|£|
|INCOME|AND ENDOWMENTS|FROM|
|Charitable|activities|
|Charitable activities|270,512|17,400|287,912|272,750|
|Investment income|2|15,870|-|15,870|12,857|
|Total|286,382|17,400|303,782|285,607|
|EXPENDITURE|ON|
|Raising funds|3|1,165|-|1,165|187|
|Charitable|activities|
|Charitable|activities|353,211|17,400|370,611|293,882|
|Total|354,376|17,400|371,776|294,069|
|NET INCOME/(EXPENDITURE)|(67,994)|-|(67,994)|(8,462)|
|Transfers|between|funds|12|25,700|(25,700)|-|-|
|Net movement in funds|(42,294)|(25,700)|(67,994)|(8,462)|
|RECONCILIATION|OF FUNDS|
|Total|funds|brought|forward|540,657|822,400|1,363,057|1,371,519|
|TOTAL FUNDS CARRIED FORWARD|498,363|796,700|1,295,063|1,363,057|
----- End of picture text -----
The notes form part of these financial statements
6
: | | | | |
:
,
:
| | |
|
MONKSTOWN COMMUNITY FORUM
Balance Sheet
30TH SEPTEMBER 2025
|
:
:
==> picture [464 x 419] intentionally omitted <==
----- Start of picture text -----
||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|2025|2024|
|Notes|£|£|
|FIXED|ASSETS|
|Tangible|assets|8|927,509|959,400|
|CURRENT ASSETS|
|Debtors|9|16,278|29,238|
|Cash|at bank|379,741|395,801|
|396,019|425,039|
|CREDITORS|,|
|Amounts|falling due within one year|10|(28,465)|(21,382)|
|NET CURRENT ASSETS|367,554|403,657|
|TOTAL ASSETS LESS CURRENT|
|LIABILITIES|1,295,063|1,363,057|
|NET ASSETS|1,295,063|1,363,057|
|FUNDS|12|
|Unrestricted funds|498,363|540,657|
|Restricted|funds|796,700|822,400|
|TOTAL FUNDS|1,295,063|1,363,057|
|The|charitable|company|is|entitled|to|exemption|from|audit|under|Section 477|of the|Companies|Act 2006|for the|year|
|ended|30th|September 2025.|
|The|members|have|not|required|the|company|to|obtain|an|audit|of|its|financial|statements|for|the|year|ended|
|30th|September 2025|in accordance with|Section 476|of the Companies|Act 2006.|
----- End of picture text -----
|
The trustees acknowledge their responsibilities for
: : : :
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) 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 surplus or deficit for each financial year in accordance with the requirements 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 charitable company.
| :
The notes form part of these financial statements
7
continued...
MONKSTOWN COMMUNITY FORUM
Balance Sheet - continued
30TH SEPTEMBER 2025
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 12th January 2026 and were signed on its behalf by:
Mr John Gault Mc Conaghie - Trustee
The notes form part of these financial statements
8
:
|
: : : :
: directly attributed to particular headings they have been have been been allocated to activities on a basis consistent with the use : of resources. 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 property - 2% on cost on cost cost
|
|
/
: :
MONKSTOWN COMMUNITY FORUM
|
Notes to the Financial Statements FOR THE YEAR ENDED 30TH SEPTEMBER 2025
- ACCOUNTING POLICIES
Basis of preparing the financial statements
:
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 'The Financial Reporting Standard 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 Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure 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 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 have been been allocated to activities on a basis consistent with the use of resources. resources.
Freehold property property - 2% on cost on cost cost Fixtures and fittings - 15% on reducing balance
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
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 funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Designated funds are earmarked formally by the organisation for a particular purpose. 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 the maintenance of the property and major renovations or refurbishment work Succession Fund - for transition of management/staff IT Fund - for the replacement/addition of MVC equipment/software
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
9
continued...
MONKSTOWN COMMUNITY FORUM
|
Notes to the Financial Statements - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2025
==> picture [462 x 314] intentionally omitted <==
----- Start of picture text -----
||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|2.|INVESTMENT INCOME|
|2025|2024|
|£|£|
|Deposit account|interest|15,870|12,857|
|3.|RAISING FUNDS|
|Raising|donations|and|legacies|
|2025|2024|
|£|£|
|Support costs|1,165|187|
|4,|NET INCOMEKEXPENDITURE)|
|Net|income/(expenditure)|is|stated|after charging/(crediting):|
|2025|2024|
|£|£|
|Depreciation|- owned|assets|31,891|32,102|
|5.|TRUSTEES'|REMUNERATION AND BENEFITS|
|There|were no|trustees'|remuneration|or|other|benefits|for the|year|ended|30th|September|2025|nor|for|the|year|
|ended|30th|September 2024,|
----- End of picture text -----
Trustees' expenses
There were no trustees’ expenses paid for the year ended 30th September 2025 nor for the year ended 30th September 2024.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
==> picture [414 x 56] intentionally omitted <==
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|2025|2024|
|Administrative|5|5|
|No employees|received|emoluments|in|excess|of £60,000.|
----- End of picture text -----
10
continued...
: |
|
, :
| | : | | |
MONKSTOWN COMMUNITY FORUM
|
:
|
Notes to the Financial Statements - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2025
| 7. | COMPARATIVESFOR THE STATEMENT OFFINANCIAL ACTIVITIES | COMPARATIVESFOR THE STATEMENT OFFINANCIAL ACTIVITIES | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| £ | £ | £ | ||
| INCOMEANDENDOWMENTSFROM | ||||
| Charitable activities | ||||
| Charitable activities | 255,350 | 17,400 | 272,750 | |
| Investmentincome | 12,857 | ~ | 12,857 | |
| Total | 268,207 | 17,400 | 285,607 | |
| EXPENDITURE ON | ||||
| Raisingfunds | 187 | - | 187 | |
| Charitable activities | ||||
| Charitable activities | 276,482 | 17,400 | 293,882 | |
| Total | 276,669 | 17,400 | 294,069 | |
| NETINCOME/(EXPENDITURE) | (8,462) | - | (8,462) | |
| Transfers between funds | 25,700 | (25,700) | - | |
| Netmovementinfunds | 17,238 | (25,700) | (8,462) | |
| RECONCILIATIONOFFUNDS Total fundsbrought forward |
$23,419 | 848,100 | 1,371,519 | |
| TOTALFUNDS CARRIEDFORWARD | 540,657 | 822,400 | 1,363,057 | |
| 8. | TANGIBLEFIXED ASSETS | |||
| Fixtures | ||||
| Freehold | and | |||
| property | fittings | Totals | ||
| £ | £ | £ | ||
| At Ist October2024 and | ||||
| 30th September2025 | 1,534,509 | 40,400 | 1,574,909 | |
| DEPRECIATION | ||||
| At IstOctober2024 | 583,110 | 32,399 | 615,509 | |
| Charge foryear | 30,691 | 1,200 | 31,891 | |
| At30thSeptember2025 | 613,801 | 33,599 | 647,400 | |
| NETBOOKVALUE | ||||
| At30th September2025 | 920,708 | 6,801 | 927,509 | |
| At30thSeptember2024 | 951,399 | 8,001 | 959,400 |
11
continued...
MONKSTOWN COMMUNITY FORUM
Notes to the Financial Statements - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2025
/
==> picture [451 x 584] intentionally omitted <==
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|9.|DEBTORS:|AMOUNTS FALLING DUE WITHIN ONE YEAR|
|2025|2024|
|£|£|
|Trade|debtors|2,512|15,598|
|Other|debtors|7,148|4,913|
|C&W|Service income|due|3,716|6,539|
|Prepayments|2,902|2,188|
|16,278|29,238|
|10.|CREDITORS:|AMOUNTS|FALLING DUE|WITHIN|ONE YEAR|
|2025|2024|
|£|£|
|Trade|creditors|1,788|44|
|VAT|5,162|8,372|
|Deposits|held|10,458|4,833|
|Deferred income|6,604|3,917|
|Accrued expenses|4,453|4,216|
|28,465|21,382|
|ll.|ANALYSIS|OF NET ASSETS BETWEEN FUNDS|
|2025|2024|
|Unrestricted|Restricted|Total|Total|
|funds|funds|funds|funds|
|£|£|£|£|
|Fixed|assets|130,809|796,700|927,509|959,400|
|Current|assets|396,019|-|396,019|425,039|
|Current|liabilities|(28,465)|-|(28,465)|(21,382)|
|498,363|796,700|1,295,063|1,363,057|
|12.|MOVEMENT|IN|FUNDS|
|Net|Transfers|
|At|movement|between|At|
|1/10/24|in funds|funds|30/9/25|
|£|£|£|£|
|Unrestricted|funds|
|General|fund|330,523|(67,994)|22,879|285,408|
|Designated Funds|210,134|-|2,821|212,955|
|540,657|(67,994)|25,700|498,363|
|Restricted|funds|
|Capital Grant Fund|822,400|-|(25,700)|796,700|
|TOTAL FUNDS|1,363,057|(67,994)|-|1,295,063|
----- End of picture text -----
12
continued...
|
|
: , : |
|
|
| |
MONKSTOWN COMMUNITY FORUM
:
Notes to the Financial Statements - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2025
12. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
|
|
|
==> picture [424 x 546] intentionally omitted <==
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|Unrestricted|funds|
|General fund|286,382|(354,376)|(67,994)|
|Restricted|funds|
|Antrim & Newtownabbey Borough|
|Council|Grants|17,400|(17,400)|-|
|TOTAL FUNDS|303,782|(371,776)|(67,994)|
|Comparatives for movement|in funds|
|Net|Transfers|
|At|movement|between|At|
|1/10/23|in funds|funds|30/9/24|
|Unrestricted|funds|
|General fund|523,419|(8,462)|(184,434)|330,523|
|Designated Funds|-|-|210,134|210,134|
|523,419|(8,462)|25,700|540,657|
|Restricted|funds|
|Capital|Grant Fund|848,100|-|(25,700)|822,400|
|TOTAL FUNDS|1,371,519|(8,462)|-|1,363,057|
|Comparative net movement in funds, included in the above are as follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|Unrestricted|funds|
|General|fund|268,207|(276,669)|(8,462)|
|Restricted funds|
|Antrim & Newtownabbey Borough|
|Council|Grants|17,400|(17,400)|-|
|ee|
|TOTAL FUNDS|285,607|(294,069)|(8,462)|
----- End of picture text -----
|
13
continued...
MONKSTOWN COMMUNITY FORUM
Notes to the Financial Statements - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2025
12. MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined position is as follows:
==> picture [419 x 162] intentionally omitted <==
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|Net|Transfers|
|At|movement|between|At|
|1/10/23|in|funds|funds|30/9/25|
|£|£|£|£|
|Unrestricted|funds|
|General|fund|523,419|(76,456)|(161,555)|285,408|
|Designated Funds|-|“|212,955|212,955|
|523,419|(76,456)|51,400|498,363|
|Restricted|funds|
|Capital|Grant Fund|848,100|-|(51,400)|796,700|
|TOTAL FUNDS|1,371,519|(76,456)|-|1,295,063|
----- End of picture text -----
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
==> picture [424 x 137] intentionally omitted <==
----- Start of picture text -----
||||||
|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|554,589|(631,045)|(76,456)|
|Restricted|funds|
|Antrim & Newtownabbey|Borough|
|Council|Grants|34,800|(34,800)|-|
|TOTAL FUNDS|589,389|(665,845)|(76,456)|
----- End of picture text -----
Transfers between funds
Designated funds of £212,955 includes £184,630 of unrestricted funding, designated to the following purposes: Contingency Fund £125,000, Maintenance Fund £33,811 Succession Fund £15,601, IT Fund £10,218. Details of the various funds are explained in the accounting policies note on page 8.
14
continued...
|
|
Notes to the Financial Statements - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2025
|
MONKSTOWN COMMUNITY FORUM
ee
'
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 the year MCF made contributions of £91,774 towards the cost of Youth Workers' salaries, gardener and the Area at Risk program.
Antrim & Newtownabbey Borough Council
The Forum received £17,400 from Antrim & Newtownabbey Borough Council in relation to the Areas at Risk Programme. This programme is promoted 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.
:
:
15