Charity Number.. NIC102439 Bannside Community Group Annual Report and Unaudited Financial Statements for the financial year ended 31 December 2022
Bannside Community Group CONTENTS Page Reference and Administrative Inforfflalion Trustees, Report statement of Trustees, Responsibilities Independent Examiner's Report Statement of Financial Activities Balance Sheet Accounting Policies Notes lo the Financial Slatements 10-12 Supplementary Information relating to the Financial Statements 14
Bannside Community Group REFERENCE AND ADMINISTRATIVE INFORMATION Trustees Mary Fearon Philomena Gallagher Ann Dunbar Joanne Girvan Siobhan Girvan Anna Kelly Carol Litter Lilly Mcconville Helena Stuart Siobhan Hamill Eleanor Comett Mary Tennyson Roisin Dunbar Sandra Keeley Irene Hamill Gabrielle Baird Gloria Anderson Janette Mccanney Catherine Mccoo Ila Hendron Rita Morgan Charity Number in Northern Ireland NIC102439 Principal Address 28-29 Obins Avenue Portadown Co. Amagh BT62 1DF Northem Ireland Independent Examiner MG accountants {Portadown) 25-27 Cadeton Street Portadown Co. Armagh BT62 3EP Northem Ireland Bankers Ulster Bank 20 High Street Portadown Craigavon Co. Armagh BT62 1HU Uniled Kingdom Solicitors R M Cullen & Sons Edward Street Portadown Co Armagh BT62 3DD
Bannside Community Group TRUSTEES. REPORT for the financial ygai ended 31 December 2022 The Iruslees presenl their Trustees, Report and the Unalstad financial gtalemenls for the financial year ended 31 December 2022. Trustees The trustees who s8rved during the year are 85 follows.. Ann Dunbar Joanne Glrvan Siobhan Girvan Anna Kelly Carol Lill&r Lilly Mcconvllle Helena Stuart Siobhan Hamill Eleanor Cornell Mary Fearon Mary T&nnyson Philomena Gallagher Roisin Ounbar Sandra Kealey Irene Hamill Gabrielle Baird Gloria Anderson Janette Mccanney Calherino Mccoo Ila H&ndron Rita Morga Revlew of Activttles. Achievements and Perfoance Bannside Community Group is cmMItted lo providing the highest quality Servi prtmarily in Portadown and surrounding ar8as by improving the quality and conditr'ons of lrfe for the community. Since its eonceplion, Bannside Community Group has made a significant contribution lo improving the Ilves of the community in the Corcrain ward. This is eviden¢8d through projects and serViS that wore èstablished and are ongoing. Financlal Revlèw There has been a increase in our overall income lo £41,780 in 2022 frorn £18,858 in 2021. We have delivered a surplus of £10.631 in 2022 compared lo a deficit of £9.589 in 2021. The total fund5 held al 31 December 2022 are £23.656 compared to £13.025 in 2021. Results and Dlvldend$ Al the end of the financial year the company has assets 01 £24,054 (2021 £13,403) and liabiliti88 01 £398 12021 £3781. The nel a55els of the company have increased by £10,631. Governing Oocum8nl Bannside Community Group 15 a charity govemed by ils constitution and overseen by ils management committee. Appointment ol Management Comfflillee The management ¢ommille6 of Bannside Community Grouri is elected al the Annual G8neral Meets'ng each year. Approved by the Board of Trustees on 17 May 2023 and signed on its behalfby: Slobhan Girvan Trustee Helena Stuart kl Trustee
Bannside Community Group STATEMENT OF TRUSTEES, RESPONSIBILITIES for the financial year ended 31 Decembei 2022 The Iruslees are responsib for preparing Ihe financial stalements in accordance with applicabl8 law 8nd regulations. The law applicable to charili&s in Northem Ireland r9qLtires the trnslees lo prepar8 financial slalemenls For each financial year which give a true and fair view of Ihe assets, liabilities and financial position of the company as al the rinancial year 8nd dale and of th8 surplus or deficit of the company and othe1$e comply with tho Chaiilies Act INorth8m Ireland) 2008. In preparing these ft'nanclal slalements. the trustees are required lo.. select suitable accounting policies and apJy them con8i8lenlly-. make judgements and eslimales that ar8 reasonable and prudent.. 3tale whether the finanrial statements have been prepared in aOrdanCe with th6 r61evanl financlal reporting framework, identify Ihosg standards. and note the effect and the aSOnS for any material departur8 from those standards,. and prepare the financral statements on the goirvj concem basis unless il is ¥iappropriat8 to prasume that the Company will continue in operation. Thé trustees confirm that Ih8y have complied with Ihe above requirem&nls in preparing the financial statemgnl5. The Iruslees are responsible for keeping adequale accounting CordS that are sufficient lo show and gxplain the company's transactions 2nd disclose with ieasonable accuracy al any limg tho financial po$ilion of the company and enable them lo ensure Ihal the finan¢ial 51alements comply wlh the Charities Act (Northein Iland) 2008. They are also responsible for safeguardirwj the assets of the company and hence for 18king reasonable steps for the prevention and detection of fraud and other irregularitses. Approved by the Board of Trusteas on 17 May 2023 and signed on Its behalt by: Slobhan Glrvan Trustee H¢lena Stuart Tru$teo
Bannside Community Group INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF BANNSIDE COMMUNITY GROUP I have examined the financial sialements of the Trust for the year ended 31 December 2022. vthich comprise the Statement of Financial Activitres. the Balan Sheet. the Accounting Policies and the related notes. These financial statements have been prepared under the accounting pjlicies sel out IheTein. This report is made solely lo the charlty trustees. as a body. in accordance with the Charities Act (Northefn Ireland) 2008. Our work has been undertaken so th81 we might compile Ihe financial statements that we have been engaged lo compile, report to the charity's Board of Trustees that we have done so, and stale those matters that we have agreed to slate lo them in this report and for no other purpose. To the fijllesl extent pemiitted by law. we do not accept or assume responsibility to anyone other than Ihe charity and the charity's Boanl of Trustees. as a body, for our work, or for this report. Respective responsibilities of trustees and examiner As explained more fulty in the Statement of Tru51ees' Responsibilities, the d1ClOrS. who a also the trustees of the charity, are responsib5e for the preparation of the Trustees. report and the financial statements in accordance with applicabl8 law and Accounting Stand8rds (UK and Ireland}. The charity Iruslees consider an audit is not required for this year under the Charities Act (Northem Ireland) 2008 but that an independent examination is required under that Act. It is my responsibility to.. eXamne the financial statements under the Charities Act (Northem Ireland) 2008 and the Regulations Ihereunder.. follow the procedures laid down by the regu1810ry aulhorilies.. and slate whether particular matters have come to my attention in the course of my examination. Bas1$ of Independent examlner's report I have examined your charity accounls as required under section 65 of the Charities Acl and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northem Ireland under section 65(9llbl of the Challlies Act. My examination wot1< was undertaken in accordance with the general diwtions given by the regulatory authorities. Such an examination includes a review of Ihe accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or discfosures in the financial statements and seeking explanations from yourselves as the charity trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequenuy I do not express an audit opinion on the view given by the financial statements. Independent examiner's statement In connection with my examination work, no matter has come lo my attenlion.. which gives me reasonable cause to believe that in any material respect the requirements to keep proper accounttng record5 and to prepare accounts which accord with the accounting records and are in accordan with the methods and principles set out in the Charities SORP have not been met.. or to which, in my opinion. attention should be drawn in order to enab a proper understanding of the financial statements to be reached. Claire Garvey MG ACCOUNTANTS (Portadownl 25-27 Carfelon Streel Portadown Co. Armagh 8T62 3EP Northem Ireland Date: 17 May 2023
Bannside Community Group STATEMENT OF FINANCIAL ACTIVITIES for the financial year ended 31 December 2022 Unrestricted Restricted Funds Funds 2022 2022 Total Reslricled Funds 2021 Total 2022 2021 Notes Incoming Resources Aclivilies lor generating funds 4,700 37,080 41,780 18,858 18.858 Resources Expended Charilable activities 31,149 31.149 28,447 28.447 Net incomingloutgoing resources before transfers Gross transfers between funds 4,700 5,931 10.631 (9.5891 19.5891 Net movement in funds for thè flnancial year 4.700 5.931 10,631 19.5891 19.5891 Re¢onciliation of funds Balances brought forward at 1 January 2022 13,025 13,025 22,614 22,614 Balances carried forward at 31 De¢¢mber 2022 4.700 18,956 23.656 13,025 13,025 The Slalement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing aclivilies. The nolps on pages 10 to 1 ? form part al Ihp financial slalpmpnls
Bannside Community Group BALANCE SHEET as 8131 Decembei 2022 2022 2021 Notes Fixod Assets Tangible assets 8,786 10,129 Current Asset$ Cash al bank and in hand 15.268 3,274 Creditors: Amounts falling due within one year {398} 13781 Net Current Assets 14.870 2.896 Total Assets Igss Current Liabilities 23,656 13.025 Funds Reslricled trust funds 18.956 13.025 General fund lunreslricledl 4.700 Total funds 23.656 13.025 Approved by the Board of Trustees and authorlsed for issue on 17 May 2023 and signed on il5 behalf by Trustee Helena Stuart Trustge kf deLA The notes on ?8ges 10 10 12 fNm of Ihe IanCial sIalemlIS
Bannside Community Group ACCOUNTING POLICIES for the financial year ended 31 Oecember 2022 Basis of preparation The financial sialemenls have been prepared under the historical cost convention and in accordance with Part 8 of the Charities Act (Northem Ireland) 2008. They also comply with the Slalemenl ol Recommended Practice ISORP 2015, as updated in 20191 and wilh the financial reporting standards. The following accounting policies have been applied consislenlly in dealing with items which are considered material In relalion lo the company's financial slalemenls. Incoming Resources Voluntary income or capital is included in the Statemenl ol Financial Activities when the company is legally enlilled to il, ils financial value can be quantified wilh reasonable certainty and there is reasonable certainly of ils ultimate receipt. Enlillemenl lo legacies is considered established when the company has been notified ol a distribution to b8 made by the 8xeculors. Income received in advance of due performance under a contract is accounted lor as deferred income until earned. Grants for activities are recognised as income when the related condibons for legal enlillemenl have been met. All other income is accounted for on an acciuals basig. Tangible flxed assets and depreciation Tangible fixed asseis are staled al cost or al valuation. less accumulated depfeciation. The charge to depreciation is calculated to write off Ihe oiiginal cost or valualior) of tangible fixed assets, less their eslimaled residual value. over their expected useful lives as follows.. Leasehold improvemenls Equipment 10% Straight line 20Q/o Reducing Balanc8
Bannside Community Group NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2022 GENERAL INFORMATION Bannside Community Group is a charity incorporated in the United Kingdom. The regislered office of the company Is 20-29 Obins Avenue. Portadown, Co. Armagh. BT62 3EP. Northern Ireland which is also Ihe principal place of business of the company The financial statements have been presented in Pound Sterling {£) which is also the functional currency of the company. INCOME OTHER TRADING ACTIVITIES Unrestricted Restricted Fund5 Funds 2022 2021 Activities 4,700 37,080 41.780 18,858 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2022 2021 Costs of Charitable Activities 31,149 31,149 28,447 SUPPORT COSTS Charitable A¢tivities 2022 2021 Support Costs 31.149 31,149 28,447 ANALYSIS OF SUPPORT COSTS 2022 2021 Support Costs 26.449 28.447 NET INCOMING RESOURCES 2022 2021 Net Incoming Resources are stated after chargingl(crediting): Depreciation of tangible assets Isurplusvdeficil on disposal of tangible fixed assets 2,105 2,508 651 10
Bannside Community Group NOTES TO THE FINANCIAL STATEMENTS continued lor the financial year ended 31 December 2022 TANGIBLE FIXED ASSETS Leasehold Equipmgnt improvement Total Cost Al 1 January 2022 Additions 11.976 31,307 762 43.283 762 At 31 December 2022 11,976 32,069 44,045 Depreciation At l January 2022 Charge lor the financial year 11.976 21.178 2,105 33,154 2,105 At 31 December 2022 11.976 23.283 35,259 Net book value Al 31 December 2022 8,786 8,786 At 31 December 2021 10,129 10,129 CREDITORS Amounts falling dug within one year 2022 2021 Accruals and deferred income 398 378 RESERVES 2022 2021 Al 1 January 2022 Sufplusl{Deficill for the financial year 13,025 10,631 22.614 (9.5891 At 31 December 2022 23,656 13,025 FUNDS RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Restricted Funds Funds Total Funds Al 1 Janltary 2021 Movement during the financial year 22.614 (9.5891 22,614 19,5891 Al 31 December 2021 Movement during the financial year 13.025 5,931 13.025 10.631 4.700 At 31 December 2022 4.700 18,956 23.656
Bannside Community Group NOTES TO THE FINANCIAL STATEMENTS continued for Ihe financial year ended 31 DeCe.ber 2022 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 January 2022 Income Expenditure Transfers Balance behveen 31 December funds 2022 Restricted funds Reslricled Unrestricted funds Unreslricled 13,025 37,080 31.149 18,956 4.700 4,700 Total funds 13.025 41.780 31.149 23,656 ANALYSIS OF NET ASSETS BY FUND Flxed assets - charity use Current assets Current liabilities Total Reslricled trust funds 8.786 10.988 {8181 18,956 Unrestricted general funds 4.280 420 4,700 8,786 1 S,268 (398) 23,656 10. POST-8ALANCE SHEET EVENTS There have been no significant evenis affecting the Charity since Ihe financial yeaf-end. 12
BANNSIDE COMMUNITY GROUP SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 13
Bannside Community Group SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Slalemenl for the financial year ended 31 December 2022 2022 2021 Income 41,780 18,858 Expenses Staff training Rates Insurance Light and heal Repairs and maintenance Printing, postage and stationery Adminislralion Telephone Computer classes Travelling and entertainment Accountancy Bank charges Homework and youlh group expenses Surplusesldeficils on disposal of tangibles Oeprecialion 1,230 131 578 467 698 400 3,859 1,536 750 3,079 1,207 4.750 1.411 510 396 55 15,188 651 2,508 58 17,589 2.105 31,149 28,447 Net surpluslldeficitl 10,631 {9.5891 The supplpmpnlary informalion d¢)es not form part nl Ihe financial statements 14