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|
1
## 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
2
## 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…………………………………………………….
3
## 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**
4
## 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**|
5
## 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………………………………………………………
6
## 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.
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