Charlty Numbar: NIC102439 Bannside Community Group Annual Report and Unaudited Flnanclal Statements for the flnanclal year ended 31 December 2024
Bannside Community Group CONTENTS Pag• Referen and Administrative Information Trustees, Report Statement of Trustees, Responsibilities Independenl Examinels Report Statement of Flnancial Activities Balan Sheet Accounting Policies Notes to the Financial Statements 10-12 Supplementary Infomation relating to the Financial Statements 14
Bannside Community Group REFERENCE AND ADMINISTRATIVE INFORMATION Trust888 Mary Tennyson Roisin Dunbar Sandra Kee18y Irene Hamill Gabrielle Baird Gloria Anderson Catherine MGCt)Q Joanne Girvan Ann Dunbar Siobhan Hamill Philomena Gallagher Helena Stuart Lilly Mcconville Siobhan Girvan Anna Kelly Janelle Mccanney Ila Hendron Rita Morgan Carol Litter Eleanor Cornelt Charlty Numbor in Northam Ireland NIC102439 Prlnclpal Address 20-29 Obins Avenue Portadown Co. Armagh BT62 1 DF Northem Ireland Independent Examlnor MG accountants {Port8downl 25-27 Carlelon Street Portadown Co. Armagh BT62 3EP Northern Irel8nd Prlnclpal Banker8 Ul8leT Bank 20 High Slr8et Portadown Craigavon Co Amiagh BTe2 1HU United Kingdom Sollcltors R M Cullen & Sons Edward Street Portadown Co Armagh BT62 3DD
Bannside Community Group TRUSTEES, REPORT for tho financial year ended 31 December 2024 The trustees present their Trustees, Report and the unaudrted financial statements for tho financial year ended 31 December 2024. Trustees Th8 trustees who served during the year are as follows.. Ann Dunbar Joanne Girvan Siobhan Girvan Anna Kelly Carol Litter Lilly Mcconville Helena Stuart Siobhan Hamill Eleanor Cornett Mary Tennyson Philomena Gallagher Mary Fearon Roisin Dunbar Sandra Keeley Irene Hamill Gabrielle Baird Gloria Anderson Janette M¢Cann•y Catherine Mccoo Ila Hendron Rita Morgan Revlew of Actlvltle$, Achlevemgnts and Porfomianco Bannslde Community Group is committed lo providing the hlghe81 quality seNi¢e primarlly in Portadown and Surrounding areas by improving th8 quality and conditions of life for the community. Sinc$ its Conception, Bannside Community Group has mad8 a Significant contribution lo improving the lives of the community in the Corcrain ward. This is evidenced through projects and servlces that were established and are ongoing. Flnanclal Rovlew Theie has been a increase in our overall income lo £33.796 in 2024 from £16,655 in 2023. We have delivered surplus of £10,658 in 2024 compared lo a deficit of £13,475 in 2023, Tho total funds held al 31 December 2024 are £20,839 compared lo £10,181 in 2023. Results and Olvldends At the end of the financlal year the company has a53ets of £21.39912023 £10,706) and liabilities of £560 (2023 £5251. The nel assets of the company hav8 increased by £10,858. Governing Document Bannside Community Group 1$ a charity governed by its ¢onslilution and overseen by its management Committee. Appolntmenl of Managemeni Commltte8 The management committee of Bannside Community Group is elected al the Annual General Me81ing each year. Approved by the Board of Trustees on 16 Aprll 2025 and signed on Its behalf by: Slobhan Girva Trust00 Anna Kelly Trustee
Bannside Community Group STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 31 December 2024 The trustees are responsible for preparing the financial statements in accordance with applicable law and regulations. The law applicable lo charities in Northern Ireland requires the trustees to ppare financial statements for each financial year which give a true and fair view of the assets, liabilities and financial position ol the company as at the financial year end date and of the surplus or deficit of the company and otherwise comply with the Charities Act (Northem Irelarsdl 2008. In preparlng these finanelal slatemenls, the trustees are required lo.. select suitable accounting policies and apply them consistently., make judgements and accounting estimates that are reasonable and prudent; slate whether the financial statements have been prepared in aG¢ordance with applicable accounting standard3, identify Ih08e standards, and note the effect and the raasons for any material departure from those standards., and prepare the financial statements on the uoing concern basis unles8 It is inappropriate lo pr&sume that the ¢ompany will ¢ontinue in operation, The ttustees confirm that Ih&y have complied with the abov8 requirements in preparing the financial slalemonts. The trustee8 are responslble for keeping adequate accounting records that are sufficient to show and explain the ¢ompany's transactions and disclose with reasonable accuracy al any lime the financial position of the company and enable them lo ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008. They are also responsible for safeguarding the assets of the company and hence for laklng reasonable steps for the prevention and detection of fraud and other irregularhies. Approved by the Board of Trustoe8 on 16 Aprll 2025 and slgn•d on Its bohalf by: Slobhan Glrvan Trustee Anna Kolly Trustee
Bannside Community Group INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF BANNSIDE COMMUNITY GROUP We have examined the financial statements of the company for the financial year ended 31 December 2024, which comprise the Statement of Financial Activities, the Balance Sheet, the Accounting Policies and the related notes, Respg¢tl¥e re8pon8lbilitles of tru8ts65 and axamlner The company's Iruslees are responsible for the preparation of the financial $talement$ in accordance wllh the requirements of the Charities Act (Northern Irelandl 2008. The company's trustees consider that an audit is not required for this finanGial year under the Charitie8 Act (Northern Ireland) 2008 and that an indepandenl examination is required. It is our responsibility lo.. examine the finanual stalemenll urder &eclion 65 ol Ihe Charttl•$ Act. follow the pro¢edufes laid down by the general Direrlion8 givon by lh6 Charlty clmI10n lor Nortmrn Ireland under section 65{9llbl of the Charities Act., and slate whether particular matters have com& to our attention. B••l• ol Ind•pend•nt •XAmln•rf• r•port We hgve examined your company financial Jw•m•nl• as mqulmd undw •clion 85 of th• CharlD•• Act Ind OUT examinatson wa$ comed oul In accordance with the general Direotlonl giv•n by ihe CharTly C¢)mmls•lon for Northwn Ifeland under ge¢lion 65(9Xbl ol th• Charities A¢t An eKmln8llon includes a review ol the accountsng reGords kept the company and A ¢ompari8¢)n of the hnanu•l 8iaiomentS Pfesenlfjd wllh Iho8a rect)rd8 11 also in¢lud•$ ConsrabOn ol any unusual 11gmB or dlscloJuf•$ In the finoncial Jtalement• and seeking eMplan8bDn¥ Irom Ihe truste con¢emlng any such mAllers, Th• procedures undfjrtaken do not prov8 all tho evId•n that would b r•quired In an audlt and coni•quenlly no opinion i¥ given a• to w11her th• a¢¢ounla pf•wnl o 'trU• and f•ir' And Iho rept>rt l• Ibmit•d to Ihose matt•rn Mi out In th• Itatemenl bolow. Ind•p•nd•nt •xamln•rf• •tai•ffl•nt In connectlon wlth our •x8mlnatson, no matter hu csXn• lo our att•ntI filch giv•8 u• cau8• to believe that in, any material respect,. accounting records were not kept in accordance with Section 83 of the Ch8rille$ Act the financial slalements do not accord with Iho8e accounting record3 Ihere 18 further information needed for a proper understanding of the accounts to be reached, We have rso concems and have Come across no other matters in Connection with the èxamination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. MG ACCOUNTANTS (Portadownl 25-27 Carlelon Street Portadown Co. Armagh BT62 3EP Northern Ireland Date: 16 Aprll 2025
Bannslde Community Group STATEMENT OF FINANCIAL ACTIVITIES for the financial year ended 31 December 2024 R68trl¢ted Funds 2024 Total Re8lricled Funds Funds 2024 2023 Total Funds 2023 NotOS Incoming Resources Activities for generating funds 33,796 33,796 16,718 16,718 Resourcos Expended Charitable activities 23,138 23,138 30,193 30,193 Not Incomlngloutgolng rasourcos before transfer• 10,6S8 10,658 113,475) 113,475) Gross transfers beeen fundg Not movemont In fund$ for the flnanclal yoar 10,668 10.6S8 {13,4751 113,4751 Roconclllatlon of funds: Total funds beginning of the year 10,181 10,181 23.656 23,656 Totsl fund8 at the ond of tha yèar 20,839 20,839 10,181 10,181 The Statement of Financial A¢tivi1188 includes all gains and108ses r•¢ogni8ed in the financial year. All ineome and expenditure relate to continuing activities. The notes on pages 10 10 12 form part ol the financial statements
Bannside Community Group BALANCE SHEET as at 31 December 2024 2024 2023 Notes Flxed Ass¢ts Tangible assets 6,422 7,029 Currnnt Assets Cash at bank and in hand 14,977 3,677 Credltor8.' Amounts falllng due wlthln one year ($601 15251 Not Current A888ts 14,417 3.152 Total Assots le•8 Currant Llabllltlos 20,839 10,181 Funds Restricted trust funds 20,839 10,181 Total funds 20,839 10,181 Approved by th• Board of Tru8toe6 and authorl8ad for158ue on 16 April 2025 and slgnod on Its behalf by Slobhan Glrvan Trustoe Anna Kèlly Trust88 A¢ The notes on pages 10 to 12 fom) part of the financial statements
Bannside Community Group ACCOUNTING POLICIES for the financial year ended 31 December 2024 Basis of preparatlon The financial $talemenl$ have be8n prepared under the historical cost convention and in accordan¢e with Part 8 of the Charities Act (Northern Ireland) 2008. They also comply with the Statement of Recommended Practice ISORP 2015, a¥ updalad In 20191 and with the finanebal feportlng standards. The fcAlowsn9 accounling poli¢los have be•n appliod consi8tsnUy in dealino wlth Ilernj whO¢h •r• ccn8Kleffjd mats1 In rèlali¢Jn th• companl$ finanual slatemenls. In¢omlng Rgsources Voluntary income or capital is included in the Statement of Financial Activities when the oompany is legally 8ntiUed lo it, ils financial valu& can be quanlilied with rea$onabl8 certainly and there is reasonable certainty of ils ultimate receipt. Entitlement lo legacies is considered established when the Company has been notifiéd of a distribution to be made by the executors. Income receiv8d in advance of due performanca under a contract is accounted for as deferred income until earned. Grants for adivities are recognised as income when the related conditions forlggal 6ntitl•ment have been mel. All other income 15 accounted for on an accruals basi8. Rasourcgs Expanded All resources expended are accounted for on an ac¢rua18 basis. Charitable aGlivilies include cos18 of services and grants, support costs and depreciation on related assets. Costs of generating funds similarly include fundraising activities. Non-staff costs not allributed to one category of aclivlly are allocated or apportion&d pro-rata to the staffing of the relevant service. Finance, HR, IT and administrative staff c051$ are directly attributable to individual activities by objective. Governance costs a Ih08e as$o¢ia18d with constitutional and statutory requirements. Tanglble flxod assot8 and depreclatlon Tangible fixed assets are staled at cost or al valuation. lèss accumulated depreciation, The charg• to depreciation 1$ calculated to write off the original cost or valuation of tangible fixed as$els, less their esllmaled re8idual value, over their expect8d useful live5 as follows.. Leasehold Improvements Equipment 104A Straight line 200A Reducing Balance
Bannside Community Group NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2024 GENERAL INFORMATION Bannside Community Group 1$ a ¢haflty incorporated in the United Kingdom. Tha reglstered office of the ompany is 20-29 Obins Avenue, Portadown, Co. Armagh, BT62 3EP, Northern Ireland which is also the principal place of business of the company The financial statements have been presented in Pound 1£) which Is also the functional currency of the company. INCOME OTHER TRADING ACTIVITIES Unrastrlcted Ragtrlcted Fund8 Funds 2024 2023 Acbvltso• 33,796 33.796 16,718 EXPENDITURE CHARITABLE ACTIVITIES Dlrect Costs Other Costl Support Costs 2024 2023 Costs of Charltable Activities 23,138 23,138 30,193 SUPPORT COSTS Charltable Actlvltlos 2024 2023 Support Costs 23,138 23,138 30,193 ANALYSIS OF SUPPORT COSTS 2024 2023 Support Costs 23,138 30,193 NET INCOMING RESOURCES 2024 2023 Nfrt Incomlng Resources are stated after charglngl(credltlng): Depreciation of tangible assets 1.606 1.757 10
continued Bannside Community Group NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2024 TANGIBLE FIXED ASSETS Leasehold Equlpment Improvement Total Cost Al 1 January 2024 Addiligns 11,976 32.C69 999 44,045 At 31 De¢8mber 2024 11,976 33.068 45,044 Doproclatlon Al 1 January 2024 Charge for the finanGial year 11.976 26,040 1,606 37,016 At 31 December 2024 11,976 26,646 38,622 Net book value Al 31 December 2024 6,422 6,422 Al 31 December 2023 7,029 7,029 CREDITORS Amount8 falllng due wlthln one ygar 2024 21r23 Accrua18 and deferred income S60 525 RESERVES 2024 2023 At the beginnlng of the year SurplusllDeficill for the financial year 10,181 10,658 23,656 113,4751 At the end of the year 20,839 10,181 FUNDS RECONCILIATION OF MOVEMENT IN FUNDS Rèstrlcted Funds Total Funds At 1 January 2023 Movement during the flnancial year 23,658 113,4751 23,666 113,4751 Al 310ecernber 2023 Movement durins the financial year 10,181 10.658 10.181 10.658 At 31 Decémber 2024 20.839 20.839 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 January 2024 Income Expendlture Transfers Balance between 31 December funds 2024 R¢strlcted funds Restricted Total funds 10.181 10.181 33.796 33,796 23,138 23,138 20,839 20,839 11
continued Bannside Community Group NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2024 ANALYSIS OF NET ASSETS BY FUND Flxed assets - charity use Current assets Currènt Ilabllitles Total Restricted ITUSI funds 6,422 14,977 (560) 20,839 6,422 14,977 {5601 20,839 10. PQST-BALANCE SHEET EVENTS There have been no signrfi¢ant events affecting the Charity since the financial year-end. 12
NITY GRO FO Fl AN ATEM NCI D 31 DECEM 13
Bannside Community Group SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Statement for the financial year ended 31 December 2024 2024 2023 Income 33,796 16,655 Expensos Insurance Light and heat Cleaning Repairs and maintenance Administratlon Telephone Accountancy Bank charges Sundry expenses Homework and youth group expenses Depre¢ialion 428 1,414 351 302 6,614 894 560 30 286 10,653 1,606 615 821 810 2,776 5,783 515 727 57 152 16,117 1.757 23.138 30,130 Nèt surpluslldaflclti 10,658 {13,4751 The supplementary informat'on does not form part of the financial statements 14