Company registration number.. N1613923 Charity registration number.. 102172 Bawn Development Association (A Company limited by guarantee) Annual Report and FinaDcial Statements for the Year Ended 31 Augllst 2018 Thomas Oliver and Associates Limited l Moygashel Mills PArk Dungannon Co Tyrone BT717DH
Bawn DevelopnTrent Association Contents Reference and AdminIStlye Details Trusie£s' Report Statement of TTUStees' Responsibilities tndependent Examinels Report Sternent of Financial Activities Balance Sheet 6t07 Notes to the Financial Statements 81014
Bawn Development Association Reference and Administrative Details Trustees Mrs Annie Marshall Mrs Carol Cardwell Mr Esdale Lockhart Mr Trevor Lockhart Mr Ketm¢th Mccammon Mr Leslie Mccammon Secretary Mrs Annie Marshall Principal Offiee 81 Derginagh Road Dungann¢)n Co Tyione Bf70 ITW Registered Office 81 Derginagh Road Dungannon Co Tyrone BT70 ITW The charity is incorporated in Northern Ir¢lan(L N1613923 CoJDpaDy Registration Number Charity Registration Number 102172 Independent Examiner Thom&8 Oliver amd Associates Limited l Moygashel Mills Park DUngalOn Co Tyrone BT717DH Page I
Bawn Development Assoeiation Trustees, Report The truste¢s, who are directors for the purposes of company law. present the annual report together with the fanCIal statements of the charitable company for the year ended 31 August 2018. Obje£tive5 and activities Public benef The association meet on a monthly basis to mix socially, plan events, raise fimd5 to provide support and facilities to eas¢ social isolation. Guest speakers provide inforniation on health and well being to benefit the community. The annual trip promotes well bein& networking and breaks down social isolation. The twstees confirn) that they have complÈed with the requirements of section 4 of the Charities Act (Northern Ireland) 2008 to have due regard to the publi¢ benefit guidanc¢ published by the cEity Commission for Northern Ireland. Structure? governance aDd management Financial instruments Credlt rl¥k The ctwity's principal financial &8sets ar¢ bank balances . Liquidlty ris In order to maintsin liquidity to en51C that sufficient fithds are available for ortgoing operations and futtwe developments. the charity uses a mixture of long-temi and sh(Trrt-tenn debt finance. Further dctails regarding liquidity risk can be found in the Statement of accounting policies tn the financial Statements. The annual report approved by the trustees of the chlty on 22 May 2019 and signed on its behalf by.. Mr Trevor Lockhart Trustee Mr Leslie ccammon Page 2
Bawn Development As$ociation Statement of Trnstees, Responsibilities The tNstees (who are also the directors of Bawn D¢velopmeni Association for the PUTposes of cotnpany law) are responsible for preparing ihe tru5tees' report and the financial statements in ac£ordance with the United Kingdom Accounting Sthndards (United Kingdom Generally Accepted Accounting Practice} 2nd applicable law and regulations. Company law requires the trustees to prepare financial statements for each financial year. Under company law the trllstees must not approve the fjnancial statements unless ihey are satisfied thai they give a true and fair vi¢w of the state of affairs of the charitable company and of its incoming resources and application of resource5, including its income and expenditure, for that perio(L In preparing these fan¢]l Statements. the trust¢¢s are reqllired to.. Select suitsble accounting policies and apply them ¢onsistently; observe the methods aJ)d principles in the Charities SORP- make judgements and estimates that are rOnable and prudent" stAt¢ whether applicable UK Accounting Stsndards have been followe(L subject to any mat¢rial departures di%losed and explained in the fancial statements., and prepare the financial ststements on the going conrxrn basis unless it is inappropriate to presume that the charitsble company will continue in business. The trustees are reswnsible for keeping adequate accounting records thai ar¢ sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any tirne the fmancial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the a55¢ts of the charitable company and hence for iaking rwonable steps for the prevention and detection otfraud and other irregularities. Approved by the trustee5 of the charity on 22 May 2019 and Sied on its behalf by.. Mr Trevor Lockhart Ttwtee Mr Leslie Mccammon Trustee Page 3
Bawn Development Association Ind¢pendent Examiner's Report to the trustees of Bawn Development Association I report to the charity trustees on my examinAtion of the accounts of the charity for the year ended 31 August 2018 whidj are set tsut on pages 5 to 14. Re$pectlve responsibilities of trustees and examiner As the ciwity's trustees of Bawn Development As50ciaiion (and also its directors for the purposes of Company law) you are responsible for the prepardtion of the a¢counts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.). Having sat15fied myself that the accounts of Bawn Development Association are not required to be audited uttd¢r Part 16 of the 2006 Act and are eligible for independent exaMi[lOn, I report in respect of my examination of your Charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directtons given by the Charity Commission under seciion 145(5Xb) of the 2011 Act. Independent examiner'5 ststement I have completed my examination. I confirn] that no matters have come to my attention in connection with the examination giving me cause to believe= accounting records were not kepi in respect of Bawn Development Association as required by section 386 of the 2006 Act; or 2. the accounts do not Cord with those recon. or 3. the accounts do not comply with the a¢counttng requirements of section 396 of the 2006 Act other thaj) any r¢quirement that the ¥counts give a 'rrue and fair view, whi¢h is not a matt¢r considered &8 part of an tnd¢pendent examination. or 4. the accounts have noi be£n prepared in accordanc¢ with the m¢thods and principles of the Statement of Recommended Practice for accounting and reporting by charities lapplicable to ChltIeS preparing their accounts in accordance with the Financial Reporting Stsndard applicabl¢ in the UK and R¢public of Ireland (FRS 102)}. I have no contern5 and have come across no other matters tn conne£tion with the examination to which attention shoutd be drawn in this report in order to enable a proper understanding of the accounts to be reached. Thomas Oliver and AssociAt¢s Limited Certified }b]IC Account2nts l Moygashel Mills Park DungaTon Co Tyrone BT717DH 22May2019 Page 4
Bawn Dcvelopm¢nt Assoeiation Statement of Financial Activities for the Year Ended 31 August 2018 ncluding Ineome and Expenditure Account and Statement of Total Reeognised Gains and Losses) Unrestricted fuods Total 2018 Note Income and Endowmet)ts from: Donations and l¢gacies Social 2,268 5,425 2,268 5,425 Total income 7,693 7,693 Expenditure on: Raising fimds Other expenditure (300) (2,266) (300) 2,266) Total expenditure (2,566) (2,566) N¢t income 5,127 5,127 Net movement in funds 5,127 5,127 Reconciliatiory ol fund$ Totsl fid$ brought forward Total funds carried fonvard 22.302 22.302 27.429 Unrestricted funds 27.429 Total 2017 Note Income and ElldowmeDts from: Dtsnations and legacies Social 177 6,100 177 6.100 Total incom¢ 6,277 6,277 Expenditure on: Other expenditure Total expenditure {2,216 (2,216 (2216) (2.216) Net income 4,061 4,061 Net movement in fimds 4,061 4,061 Reconciliation of funds Totsl fi8 brought fonvard Total funds carried fonvArd 18,241 18,241 22,302 22,302 All of the charity's activities deriv¢ from ctsntinuing operation5 during the abov¢ tsvo periods. The funds breakdown for 2017 is shown in note I l. Pege 5
Bawn Development Assoeiation Oiegistration number.. N1613923) Balance Sheet 28 at 31 August 2018 2018 2017 Note Fixed assets Tangible assets 38.435 38,435 Current 3$sets Debtors Cash at bank and in hand 412 3,900 415 747 4,312 1,162 Creditors: Amounts falling due witlain One year Net current liabilities (10,318 (10,295 6,006) 9,133 Total assets less eurrent liabilities 32,429 29.302 CTeditor5: Amounts falling dlle after more than oDe year Net assets 10 5.000) {7.0(M)) 27.429 22,302 Funds of the eharity: Unrestricted ineome funds Unrestricted fut 27.429 Total funds 27,429 22,302 For the fmancial year ending 31 August 2018 the charity w&8 entitled to exemption from audtt under section 477 of the Companies Act 2006 rel&ing to sma]I companies. Directors, responsibilities.. The members have not requtred the charity to obtsin an audit of its acwunts for the year in question in accordanc¢ with section 476; and The directors acknowledge thetr resry)nsÈbilities for complying with the requirem¢nts of the Act with respect to accounting records and the prepardtion of accounts. These accounts have be¢n prepared in accordance with the provisions applicable to compani¢s subject to the small ¢ompanres regime. Page 6
Bawn Development Association (Registration number: N1613923) Balance Sheet as at 31 August 2018 Th¢ financial statements on pages 5 to 14 were approved by the trustees. and authorised for issu¢ on 22 May 2019 and signed on their behalf by= Mr Trevor Lockhart Trustee Mr Leslie Mc Trustee ammon Page 7
Bawn Developm¢nt Association Notes to the Financial StatemeDts for the Y¢ar Ended 31 August 2018 I Charity status The charity is limired by guarantee, jncotpornd in Northern Ireland. and consequentty does not have share capitsl. Each of the trnst¢es is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation. The address of its registered oifice is: 81 Derginagh Road Dungatmon Co Tyrone BT70 ITW The principal place of business is: 81 Derginagh Road Dllngajmon Co Tyrone BT70 ITW These fmancial statements were authorised for issue by the trustees on 22 May 2019. 2 Accounting poli£ies Sllmrnary of significant aetounting policies and key accounting estimates The principal accounting policies appli¢d in the prepardtion of these financial siatement$ are set out below. These policies have be¢n consistently applied to all the yetr5 presented unless othen¥ise staled. Statement ofcompliartce The fmancial statements have been prepar¢d in accordance with Accounting and Reporting by Charittes: Statement of Recommended Practice applicable to charities preparing their accounts in accordanee with the Financial Reporting Stsndard applicable in the UK and Republic of Irelaltd (FRS 102) {effective l January 2015) - (chartieS SORP {FRS 102)). the Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Cornpanies Act 2006 and Charitles Act 2011. Basis of preparation Development Ass0¢iation meets the definition of a public ben¢fLt entity under FRS 102. A$5ets and liabilities are initially recognised at historical Cost or transaction vtiu¢ wJl¢ss othetwise ststed in the relevant accounting Poli notes. GoiDg coneern The trustees consider that there are no material uncertainties about the charitys ability to continue &$ a going concern nor any SilfIcant areas of unc¢rtainty that affect the carrying vaiue of assets held by the charity. Exemption from preparing a casb flow statement The charity opted to early adopt Bulletin I published on 2 February 2016 and have therefore not included a 05h flow statement in these financial statements. Page 8
Bawn Development Association Notes to the Financial Statements for the Year Ended 31 August 2018 Income and endowments All income is recognised once the charity has entitlement to the income, it ts probable that the income will be eived and th¢ amount of th¢ income receivAbl¢ can be rnwured reliably. Donatlons ondlegock Donations are recognised when the charity ha5 been notified in writing of both the amount and settiernent date. In the event that a donation is subject to condstions that require a l¢vel of perfomiance by the charity before the tharity is entitled to the filnds. the income is deferred and not r¢cognised until either those ¢onditions are fully meL or the lfilMent of those conditions is wholly within th¢ control of the clwity and it is probable that these conditions will be fulfilled in the reporting period. Grttllts receivoblÉ Grants are recognis¢d when ihe charity has an entitlement to the fjjnds and alry condttions linked io the grants hav¢ been met. Where rfor[nanc¢ conditions are attached to the g[t and are yet to be mei the tncom¢ 15 r¢cognised as a liability and included on the ba]ance sheet as deferred income to be reled. Expenditsre All expenditure is recOlSed once there is a legal or constrnctive obligation to that expenditure, il is probable settlement is required and the amount can be measured reliably. All c05ts are allocated to the applicabl¢ expenditure heading that aggregate similar costs to that category. Where costs ¢arLnot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources. with central staff Costs allocated on the blS of time spent. and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Rqisingfunds These are costs incurred in attracting volyntary income, the rnanagernent of investments and thos¢ incurred in trading a¢tivities that raise fimds. Support costs Support costs include central fiujctions and hav¢ been allocated to activity ¢ost categories on a b&sis consistenl with the us¢ of resources, for example, allocating propety costs by floor areas. or per capit4 Staff costs by the time spent and other costs by their usage. Taxation The charity is considered io pass the tests set out it] Paragrdph I Schedule 6 of the Fin2nce Act 2010 and therefore it meets the definition of a ¢haritable company for UK Corporation purposes. Accordingly, the ¢harity is potentially exernpt from tsxation in r¢spect of income or capital gains received within eategories overed by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that Such income or gain5 are applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets costing £100.00 or more are initially recorded at cost. Cash and eash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-terni highly liquid investments that are readily convertible to a known amount of c&8h and are subject to an insignificant risk of chang¢ in value. Page 9
Bawn Development Association Notes to the Financial Statements for the Year Ended 31 August 2018 Borrowings Interest-bearing borrowings are iftiti2ily recorded d fair value. net of transaction costs. Intrrest-bearing borrowings are subsequently carTied at amortised cosl with the difference between the proceed5, rjet of transaction costs, and the amoung due on redemption bcing recognised as a Chge to the Ststement of Financial Activities over the period of the relevant borrowing. Interesi expense És rewg)ised on the basis of the effe£tive interest method and is included in intrffst payable d similar charges. Borrowings are cla8sifi¢d as currentlsknilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Pund structure Unrestr2cted income fi]nds are genera] fimds that are av2ilAbl¢ for use at the treS'S di5¢r¢tion in fiutherance of the objectives of the charity. FinaDeial iDStruments ClassIfallon FItiCIal assets and financial liabilities are reCOlSed when the charity becomes a party to the contractual provisions of the instrwnent. Financial liabilities and equity instruments are classified according to the substamce of the contractual arraJ)gements entered tnto. An equity instrllm¢nt 15 any contract that evidences a residual interest in the 2S5¢ts of the charity after deducting all of its liabiliiies. Recognlllon 4ndmellsurÈnwnl All financial assets and liabilities are initially Eneasured at transaction pric¢ (including transaction costs), ex¢¢pt for those ftnancial assets classified as at fair value through profit or loss, which are initially measured at fair value {which is nornially the transaction price ex¢luding transaction costs), tmless the arrangernent constiteS a finaJ)cing transaction. If an arrangement constitutes a fmancing transaction, the financial &8set or fmanciAI liability is measured at the pr¢sent value of the future payments discounted at a market rate of tnterest for a similar debt instnllnent. Financial assets and liabilities are only offset in the Statement of financial w)sition when. and only when there exists a legally enforceable right to 5¢t off the retognised amounts and the charity intends either to settle oll a net b2Si5, or to reaiise the asset and settle the liability simultaneously. Financial assets are d¢reCOlStd when and only when a) the contractual rights to the cash flows from the fancIal asset expire or are settleiL b) the charity transfers to another paty substantially all of the risks and rewards of ownership of the financial asseL or c) the charity. despite having retained some, but not all, significant risks and rewards of ownership. transferred control of the &8set tt) another poty. Financial liabilities are derecogni5ed only when the obligation specified in the contract is discharge4 cancelled or expires. Page 10
Bawn Development Association Notes to the Financial Statements for the Year Ended 31 August 2018 3 Intome from donations and legacies Unrestricted fllnds Totsl 2018 Total 2017 General Donations and lecles,. Donations from individuais Grants. including capital grants. Grant$ from other charities 850 850 177 1.418 1,418 2.268 2268 177 Pagell
Baivn Development Assoeiation Notes to the Financial Statements for the Year Ended 31 August 2018 4 Trustees rernuneratlon and expenses No trustees. nor any persons connected with thern, have received any remuneration from the charity during the ye8r. No twstees have received any reimbursed expenses or any irth¢r benefits from the charity during the year. 5 1ndependeDt examin*9 rernvlleration 2018 2017 Examination of the fmancial siatements 342 348 6 Taxatio The charity is a r¢gistered chartty and is therefore exempt from t&xation. 7 Tangible fixed assets Land and buildings Furniture and eq1pment Total Cost At I September 2017 38,202 233 38,435 At31 AUgll 2018 38,202 233 38,435 DepreeiatÈon At31 Augu5t2018 Net book value At31 August 2018 At31 August2017 38.202 233 38,435 38202 233 38,435 8 Dtbtors 2018 2017 Prepayments 412 415 9 Creditors: amounts f811ing due within one year Page 12
Bawn Development Association Notes to the Financial Statements for the Year Ended 31 August 2018 2018 2017 Other loans Other creditors Accn[S 10,000 10.000 318 294 10,318 10,295 10 Creditors: amounts falling due after one year 2018 2017 Other loans 5,000 7,000 I l Funds Balanee xt I September 2017 Incomillg resource$ Resources expended Balance at 31 August 2018 Unrestrleted funds General 7.693 Balattce at I September 2016 IncorniDg resource5 Resollrces expende41 Balance at 31 August 2017 UnrestTlCted funds Generdl {18.241) 6.277 22,302 12 Analysis of net assets between funds Unrestricted rund5 GeDeTal Total funds Tangible f]xed assets Current assets CutTent liabilities Cre(torS over l year Total net assets 38,435 4,312 (10,318) 5,000 38.435 4.312 (10,318) (5,000) 27,429 27,429 Pag¢ 13
Bawn Development Association Notes to the Financial Statements for the Ycar Ended 31 August 2018 13 Analysis of Det funds At I September 2017 At 31 August 2018 Cash flow Cash at bank and in hand 747 3,153 3.900 Net debt 747 3.153 3,900 Page 14