2017-03-31-accounts - Lurgan Junior Gateway Club

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Lurgan Junior Gateway Club Charity number NIC102067

Financial Statements

for the period 1st August 2016 to 31st July 2017

Lurgan Junior Gateway Club

Financial Statements

for the period 1st August 2016 to 31st July 2017

Contents	Page
Trustees' report	2, 3
Examiner's report	4
Statement of financial activities	5
Balance sheet	6
Notes to the accounts	7

Lurgan Junior Gateway Club

Trustees' report

The Trustees during the year were: Name

Mr Dominic Hand Chair Mr Paul O Shea Secretary

Method of appointment

Trustees are elected by the members at the AGM

Registered address

Emmanual Christian Fellowship 23A Castle Lane Lurgan Craigavon County Armagh BT67 9BD

Bankers

First Trust 4-8 Market Street Lurgan Co Armagh BT66 6AQ

Governing document

CONSTITUTION ADOPTED 1ST JULY 2014

Objects of the organisation

The objects of the charity are: The relief of those in need by reason of youth, age, ill-health, disability, financial hardship or other disadvantage

Independent Examiners

Community Accountancy Services Northern Ireland 43 John Street Cityside Derry Co Londonderry Northern Ireland BT48 6JY

Lurgan Junior Gateway Club

Trustees' report continued

Statement of Trustees responsibilities

Charity law requires the trustees to prepare financial accounts for each financial year which give a true and fair view of the state of affairs of the charity. In preparing those financial statements, the trustees are required to:

select suitable accounting policies and apply them consistently

make reasonable and prudent judgements and estimates

prepare the accounts on a going concern basis unless it is inappropriate to presume that the charity will continue to run.

The trusteess are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial accounts comply with charity commission guidelines. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the trustees by:

Signature……………………………………………….

Name……………………………………………………

Date…………………………………………………….

Lurgan Junior Gateway Club

Independent examiner's report on the accounts of for the period 1st August 2016 to 31st July 2017

I report on the accounts of the charity set out on pages 6 to 7

This is a statutory independent examination.

Respective responsibilities of the trustees and the examiner

As the charity's trustees you are responsible for the preparation of the accounts. It is my responsibility to state whether matters have come to my attention.

Basis of independent examiner's report

An examination includes a review of the accounting records kept by the organisation 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 you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

1) which gives me reasonable cause to believe that in any material respect the

q to keep appropriate accounting records; and

q to prepare accounts which accord with the accounting records

have not been met; or

2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Date: 31st January 2017

On behalf of Community Accountancy Services Northern Ireland

Lurgan Junior Gateway Club Receipts and payments account for the period 1st August 2016 to 31st July 2017

Receipts Grants and Donations Other Total receipts Payments Insurance Telephones Heat and Light Supplies Other Total payments Net receipts / (payments) Transfers between funds Cash fund balances brought forward Cash fund balances carried forward	2017 Unrestricted funds £ 5,604 7,140 12,744 342 518 433 1,741 2,800 5,834 6,910 - 220 7,130	2016 Unrestricted funds £ 861 5,599
		6,460
		368 559 467 1,878 3,020
		6,293
		167 - 53
		220

Lurgan Junior Gateway Club

Balance sheet as at 31st July2017

Balance sheet as at 31st July2017 Lurgan Junior Gateway Club
Fixed Assets Tangible Assets (4) Cash at bank and in hand (5) Debtors Creditors Total current liabilities Net assets Funds Restricted Funds Unrestricted funds Total Funds	2017 2016 Unrestricted Unrestricted £ £ - - - - 7,130 220 - - 7,130 220 - - - - 7,130 220 - - 7,130 220 7,130 220
		-
		220 -
		220
		-
		-

		220
		- 220
		220

The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with charity commission guidelines and preparing financial statements which give a true and fair view of the state of affairs of the charity as at the end of the financial year.

The financial statements were approved at a meeting of the trustees. and signed on its behalf by:

Signature……………………………………………….

Date………………………………………………………

Lurgan Junior Gateway Club Notes to the accounts

for the period 1st August 2016 to 31st July 2017

1 Accounting Policies

a Basis of accounting

The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice, Accounting and Reporting by Charities.

b Income

Donations and legacies are accounted for when received by the charity. Other income is accounted for on an accruals basis as far as is prudent to do so.

c Grants

Revenue grants are recognised in the Statement of Financial Activities on receipt, subject to any required conditions being met or services being provided. Capital grants are recognised on receipt in the Statement of Financial Activities. This policy has been adopted to give a true and fair view as recommended by the SORP

d Taxation

As a registered charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.

e Tangible Fixed Assets

Tangible fixed assets are capitalised if they can be used for more than one year and cost at least £1,000.

Rates of depreciation

Computer Equipment:100% Office Equipment:100% Other Equipment:100%

f Fund accounting

Funds held by the organisation are either:

Unrestricted general funds

These are funds which can be used in accordance with the charitable objects at the discretion of the trustees.

Restricted funds

These are funds that 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.

Designated funds

These are funds set aside by the trustees out of unrestricted general funds for specific future purposes or projects.