COMPANY REGISTRATION NUMBER: N1037759 CHARITY REGISTRATION NUMBER: NIC102464 KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Unaudited Financial Statements 31 December 2023 PURDY QUINN Chartered accountants Northern Bank House 42 Greencastle Street KILKEEL Co Down BT34 4BH
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Financial Ststements Year ended 31 December 2023 Page Trustees, annual report (incorporating the directors, report) Independent examiner's report to the directors Statement of financial activities (including income and expenditure account) Statement of financial position Statement of cash flows Notes to the financial statements The following pages do not form part of the financial statements Detailed statement of financial activities Notes to the detailed statement of financial activities 21 23
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Trustees, Annual Report {Incorporating the Directors. Report) Year ended 31 December 2023 The directors, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2023. Reference and administrative details Registered charity name Charity registration number Company registration number N1037759 Principal office and registered 17-19 Greencastle Street office Kilkeel Co Down B34 4BH N Ireland KILKEEL PARISH BRIDGE ASSOCIATION LIMITED NIC102464 The directors Mr S Tomkins Mrs G M McAtee Mr C W Morris Rev A N Calvin Mrs L V Henderson Mrs L J Henderson Mr l J Henderson Independent examiner Una Cunningham BA FCA Northern Bank House 42 Greencastle Street KILKEEL Co Down BT34 4BH structure, governance and management The company is incorporated under the Companies (Northern Ireland) Order 1988, being a company limited by guarantee not having a share capital. Kilkeel Parish Bridge Association Limited is managed by a Committee whose members are the directors and six to eight paid staff. The day to day running of the charity rests with Ivan Henderson the project manager. As required on an ad hoc basis the Board Members discuss the appointment of potential new Board Members for appointment to the Board. Suitable people are approached and if they are willing to serve on the Board, their nomination is put forward for approval by the Board. There is no maximum term of office. Induction and training of directors is provided in house.
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directors, Report) (continued) Year ended 31 December 2023 Objectives and activities The company's objects are to promote the benefit of the community of Kilkeel, Co Down and surrounding area without distinction of sex, sexual orientation, race or of political, religious or other opinions, by associating together the said inhabitants and the local authorities, voluntary and other organisations in a common effort to advance education, to provide training, to preserve the environment and heritage of the area of benefit and to provide facilities in the interests of socia welfare for recreation and leisure time occupation with the object of improving the conditions of life for the said community. Achievements and performance The Gharity's youth section known as JIMS has continued to deliver high quality programmes and services to the local community. In addition, Regenerate.. Mental Health Hub grew from strength to strength in 2023. JIMS continued to deliver core programmes such as.. weekend drop-in, Girls Night In, Lads Group, monthly kids, club, After Schools Club, trips and more during the school year. Volunteers were essential in helping ensure that all programmes were run well and that participants thoroughly enjoyed all activities. JIMS partnered with Newry Street Unite to deliver T..BUC in 20223 which saw 20 young people engage in good relations and enjoyed a Halloween residential. Throughout the summer of 2023, JIMS took young people to Summer Madness - this was enjoyed by all. A team of 18 young people took part in Step Up and delivered a very successful Project 6.8 for 100 children - utilising the great space in JIMS as a base. On addition, many young people took part in our John Muir Award Level 2 with the Woodland Trust throughout August- October. Regenerate provided over 100 childrenlyoung people with counselling sessions while seeking to build resilience in young people through small groups. We thank Victoria Hanna for her great work at developing relationships with local organisations and congratulate her on the birth of her new baby. We welcomed David Mcllveen as detached youth worker,. he's developed a strong base of lads who are now faithfully involved in the work of Regenerate and JIMS. We have seen a great increase in the uptake of 1-to-1 mentoring through the work of Regenerate in 2023. In 2023. we worked closely with local schools developing mental health workshops, therapy sessions in Kilkeel Primary School, and supported the work of Scripture Union each week at Kilkeel High School. We are most thankful to all those who support the work of Kilkeel Parish Bridge Association Ltd in financial way. We thank all of our funders and those in our local community, who at this time of economic difficulty continue to financially support us. The Directors wish to record their thanks to all who work and serve in the project, to the staff for their hard work and dedication and the 60+ volunteers who give of their time to ensure the smooth running of the project. The Directors also thank all the young people who have made JIMS what it is with their excitement, ideas, and joy. Thanks be to God for His provision throughout 2023.
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) {continuedJ Year ended 31 December 2023 Achievements and performance (Continued) Risk Review The directors continues to assess the major risks to the charity. In particular, the challenges around the current funding climate and are satisfied that the correct systems are in place to mitigate exposure to the risks. Financial review The results for the year are set out in the attached financial statements. The total funds held at the end of the year are shown in the notes to the financial statements. Note 15 highlights the analysis of restricted funds. Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees, annual report (incorporating the directors, report) was approved on 27 September 2024 and signed on behalf of the board of trustees by.. Mr S Tomkins Director Charity Secretary
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Independent Examiner's Report to the Directors of KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Year ended 31 December 2023 I report to the directors on my examination of the financial statements of KILKEEL PARISH BRIDGE ASSOCIATION LIMITED {'the charity,) for the year ended 31 December 2023. Responsibilities and basis of report As the directors of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of Charities Act (Northern Ireland) 2008 (the '2008 Act'l and the Companies Act 2006 ('the 2006 Act'}. You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northem Ireland under section 6519}(b) of the 2008 Act. Independent examinerfs statement I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act., or the financial statements do not accord with those records-, or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination., or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. Una Cunningham BA FCA Independent Examiner Northern Bank House 42 Greencastle Street KILKEEL Co Down BT34 4BH
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 December 2023 2023 Restricted funds Total funds Total funds 2022 Unrestricted funds Note Income and endowments Donations and legacies Charitable activities Investment income 3,289 15,218 60 130,011 133,300 15,218 60 124,500 13,972 Total income 18,567 130,011 148,578 138,481 Expenditure Expenditure on charitable activities Total expenditure 40,972 133,504 133,504 174,476 161,548 40,972 174,476 161,548 Net expenditure and net movement in funds {22,405) 13,493) (25,898) {23,067) Reconciliation of funds Total funds brought foNard Total funds carried forward 73,944 211,489 285,433 259,535 308,500 285,433 51,539 207,996 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 9 to 19 form part of these financial statements.
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Statement of Financial Position 31 December 2023 2023 2022 Fixed assets Tangible fixed assets Note 15 335,824 349,320 Current assets Stocks Debtors Cash at bank and in hand 16 17 900 2,651 81,516 85,067 900 3,154 60,012 64,066 Creditors". amounts falling due within one year Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year Net assets 18 91,576 58,173 (6,509) 329,315 5,893 355,213 19 69,780 259,535 69,780 285,433 Funds of the charity Restricted funds Unrestricted funds Total charity funds 207,996 51,539 211,489 73,944 285,433 For the year ending 31 December 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. 22 259,535 The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476,. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The statement of financial position continues on the following page. The notes on pages 9 to 19 form part of these financial statements.
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Statement of Financial Position (continued) 31 December 2023 These financial statements were approved by the board of trustees and authorised ft)r issue on 27 September 2024, and are signed on behalf of the board by.. Mr S Tomkins Director The notes on pages 9 to 19 form part of these financial statements.
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Statement of Cash Flows Year ended 31 December 2023 2023 2022 Cash flovts from operating activities Net expenditure (25,898) (23,067) Adjustments for.. Depreciation of tangible fixed assets Other interest receivable and similar income Interest payable and similar charges Changes in." Stocks Trade and other debtors Trade and other creditors Cash generated from operations Interest paid Interest received 13,496 (60) 1,127 14,210 19) 955 (436) 5,860 10,927 503 33,403 22,571 8,440 (1,127) 60 (955) Net cash from operating activities 21,504 7,494 Cash flows from investing activities Purchase of tangible assets Net cash used in investing activities (4,6271 (4,627) Net increase in cash and eash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year 21,504 60,012 81,516 2,867 57,145 60,012 The notes on pages 9 to 19 forni part of these financial ststements.
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Notes to the Financial Statements Year ended 31 December 2023 General information The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is 17-19 Greencastle Street, Kilkeel, Co Down, B34 4BH, N Ireland. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (Charities SORP IFRS 102)) and the Companies Act 2006. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern The company meets its day to day working capital requirements through charitable donations and funding. The nature of the company's business is such that there can be considerable unpredictable variation in the timing of cash inflows. Due to the amount of approved funding since the Balance Sheet, the directors consider that the company will continue to operate and consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of funding. Judgements and key sources of estimation uncertainty The preparation of the financial staternents requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectstions of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the directors for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment funds.
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Notes to the Financial Statements (contlnuedj Year ended 31 December 2023 Accounting policies (contlnued) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity., it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the Contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets All fixed assets are initially recorded at cost. 10-
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2023 Accounting policies (continued) Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows.. Freehold propety Plant & machinery Equipment 2% straight line 200/0 reducing balance 20 % reducing balance Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Stocks stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other onsideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Vvhere investments in shares are publicly traded or their fair value can othelwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. 11
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2023 Accounting policies (continued) Financial instruments (continued) Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individ ually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Limited by guarantee The company is incorporated under the Companies (Northern Ireland} Order 1986, being company limited by guarantee not having a share capital. Donations and legacies The major source of core operating income are grants received from National Lottery Funding and BBC Children In Need. Other project funding was received from various Foundations throughout the United Kingdom and Ireland. 12-
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2023 Donations and legacies (Continued) Unrestricted Funds Restricted Total Funds Funds 2023 Donations Unrestricted donations Gift aid Department for Commnities - Job Start Scheme Restricted grants & donations 2,918 371 2,918 371 130,011 130,011 130,011 133,300 3,289 Unrestricted Funds Restricted Total Funds Funds 2022 Donations U nrestricted donations Gift aid Department for Commnities - Job Start Scheme Restricted grants & donations 4,772 389 1,500 4,772 389 1,500 117,839 117,839 6,661 117,839 124,500 The major source of core operating income are grants received from National Lottery Funding and BBC Children In Need. Other project funding was received from various Foundations throughout the United Kingdom and Ireland. Charitable activities Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Income from non-investment property in furtherance of the charity's objects JIMS- Gross income Junior JIMS- Gross income Tuck shop income Miscellaneous income Summer madness 4,560 6,255 1,254 2,720 84 345 4,560 6,255 1.254 2,720 84 345 4,655 4,866 599 3,852 4,655 4,866 599 3,852 15,218 15,218 13,972 13,972 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Bank interest receivable 60 60 13-
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2023 Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2023 JIMS Junior JIMS Tucklcoffee shop Support costs 21,045 1,350 5,217 13,360 125,616 146,661 1,350 5,217 21,248 174,476 7,888 40,972 133,504 Unrestricted Funds Restricted Total Funds Funds 2022 JIMS Junior JIMS Tuckjcoffee shop Support costs 19,473 1,421 5,015 8,823 122,137 141,612 1,421 5,015 13,500 4,679 126,816 34,732 161,548 Expenditure on charitable activities by activity type Activities undertaken directly Support costs Total funds 2023 Total fund 2022 JIMS Junior JIMS Tucklcoffee shop Governance costs 146,661 1,350 5,217 15,399 1,924 1,924 2,001 21,248 162,060 3,274 7,141 2,001 174,476 150,811 2,570 6,165 2,002 153.228 161,548 14-
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Notes to the Financial Statements fcontinuedj Year ended 31 December 2023 10. Analysis of support costs Tuck shop & JIMS Junior JIMS coffee shop Total 2023 Total 2022 4,677 585 722 90 339 42 1,637 205 459 57 5,473 684 2,091 262 Staff costs Premises Communications and IT General office Finance costs Heat & light Repairs & maintenance Governance Accountancy Other costs 585 90 42 205 57 684 262 5,847 902 423 2,047 573 6,841 2,615 3,004 850 387 506 797 4,067 1,957 1,600 200 200 2,000 2,000 16,998 2,125 2,125 21,248 13,568 11. Net expenditure Net expenditure is ststed after chargingl{crediting}'. 2023 2022 Depreciation of tangible fixed assets 13,496 14,210 12. Independent examination fees 2023 2022 Fees payable to the independent examiner for.. Independent examination of the financial statements 2,000 2,000 13. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows: 2023 2022 Wages and salaries Employer contributions to pension plans 98,835 2,696 101,531 95,309 2,339 97,648 No employee received remuneration amounting to more than £60,000 in either financial year. 15-
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2023 13. Staff costs (¢ontinuedJ The average head count of employees during the year was 10 (2022.. 10). The average number of full-time equivalent employees during the year is analysed as follows-. 2023 2022 No. No. Administration Caretaker Youth Co-ordinators 10 10 No employee received employee benefits of more than £60,000 during the year {2022-. Nil). 14. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the directors. 15. Tangible fixed assets Land and Fixtures and buildings fittings Equipment Total Cost At 1 January 2023 and 31 December 2023 Depreciation At 1 January 2023 Charge for the year At 31 December 2023 Carrying amount At 31 December 2023 532,129 30,302 29,363 591,794 197,078 10,643 207,721 23,505 1,358 21,891 1,495 242,474 13,496 24,863 23,386 255,970 324,408 335,051 5,439 5,977 335,824 349,320 At 31 December 2022 6,797 7,472 Included within creditors.. amounts falling due after more than one year is an amount of £69,780 (2022.. £69,780) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date. The Diocesan Council and Representative Church Body (RCB)has contributed to the funding of this project and will require repayment if the property at Greencastle Street is ever sold. The deeds are held by RCB but they have not registered a legal charge on the property. 16. Stocks 2023 2022 Raw materials and consumables 900 900 16-
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 December 2023 17. Debtors 2023 2022 Prepayments and accrued income 2,651 3,154 18. Creditors.. amounts falling due within one year 2023 2022 Trade creditors Accruals and deferred income VISA 6,621 84.958 (3) 91.576 7,518 48,042 2,613 58,173 19. Creditors: amounts falling due after more than one year 2023 2022 Other creditors 69.780 69,780 Included within creditors.. amounts falling due after more than one year is an amount of £69,780 12022.. £89,780) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date. The Diocesan Council and Representative Church Body (RCB)has contributed to the funding of this project and will require repayment if the propety at Greencastle Street is ever sold. The deeds are held by RCB but they have not registered a legal charge on the property. 20. Deferred income 2023 2022 Amount released to income Amount deferred in year At 31 December 2023 (130,011) 214,969 (113,212) 161,254 84,958 48,042 At the year end significant restricted funding was advanced which had not been spent. This amount totalled £84,958 (2022 - £48,042) and has been recorded as deferred income. 21. Pensions and other post retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £2,696 (2022. £2,339)- 17-
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 December 2023 22. Analysis of charitable funds Unrestricted funds At 1 January 2023 At 31 December 2023 Income Expenditure General funds 73,944 18,567 {40,972} 51,539 At 1 January 2022 At 31 December 2022 Income Expenditure General funds 88,034 20,642 (34,732) 73,944 Restricted funds At 1 January 2023 At 31 December 2023 Income Expenditure Restricted Funds 211,489 130,011 (133,504) 207,996 At 1 January 202 At 31 December 2022 Income Expenditure Restricted Funds 220,466 117,839 (126,816> 211,489 23. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 62,361 505 (11,327) 273,463 84,562 (80,249) {69,780} 207,996 335,824 85,067 {91,576) (69,780) 259,535 51,539 Unrestricted Funds Restricted Total Funds Funds 2022 Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 65,522 18,208 (7,786) 283,798 47,858 150,387) (69,7801 211,489 349,320 64,066 (58,173) (69,780) 285,433 73,944 18-
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Notes to the Financial Ststements (continued) Year ended 31 December 2023 24. Analysis of changes in net debt At At 1 Jan 2023 Cash flows 31 Dec 2023 Cash at bank and in hand 60,012 21,504 8q,516 19
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Management Information Year ended 31 December 2023 The following pages do not fonn part of the financial statements. -20-
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 31 December 2023 2023 2022 Income and endowments Donations and legacies Unrestricted donations Gift aid Department for Commnities - Job Start Scheme Restricted grants & donations 2.918 371 4,772 389 1,500 117,839 130.011 133,300 124,500 Charitable activities Income from non-investment propety in furtherance of the charity's objects JIMS - Gross income Junior JIMS Gross income Tuck shop income Miscellaneous income Summer madness 4,560 6,255 1,254 2,720 84 345 4,655 4,866 599 3,852 15,218 13,972 Investment income Bank interest receivable 60 Total income 148.578 138,481 21
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Detailed Statement of Financial Activities (continued) Year ended 31 December 2023 2023 2022 Expenditure Expenditure on charitable activities Opening stock Purchases Closing stock Wages and salaries Pension costs Rates and water Light and heat Repairs 2nd maintenance Insurance Other motorltravel costs Legal and professional fees Telephone Other office costs Depreciation Interest on bank loans and overdrafts Miscellaneous expenses Training courses Donations Licenses & subscriptions 900 37,666 (900) 98,835 2,696 902 6,841 2,613 3,174 98 2,001 423 2,047 13,496 573 554 1,599 99 859 464 33,445 {900} 95,309 2,339 860 4,377 1,568 2,392 1,146 2,002 369 456 14,210 843 112 1,001 132 1,423 174,476 161,548 Total expenditure 174,476 161,548 Net expenditure (25,898) (23,067} 22-
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Notes to the Detsiled Ststement of Financial Activities Year ended 31 December 2023 2023 2022 Expenditure on charitable activities JIMS Activities undertaken directly Cost of activities Wageslsalaries Pension costs Insurance Travel costs Depreciation Direct charitable activity 1-Miscellaneous Training costs Web design & maintenance Licences, fees etc. 33,799 92,987 2,696 3,174 98 10,796 554 1,599 99 859 29,415 92,271 2,339 2,392 1,146 11,368 112 1,001 132 1,423 141,599 146,661 Support costs Office wageslsalaries Rates & water Light & heat Repairs & maintenance Telephone Stationery, postage etc. Bank interest & charges 4,678 722 5,473 2,091 339 1,637 459 2,430 688 3,502 1,254 295 368 875 15,399 9,212 Junior JIMS Activities undertaken directly Depreciation Support costs Office wageslsalaries Rates & water Light & heat Repairs & maintenance Telephone Stationery, postage etc. Bank interest & charges 1,350 1,421 585 90 684 261 42 205 57 304 86 437 157 37 84 Carried forward 1,924 1,149 23-
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Notes to the Detailed Ststement of Financial Activities (continued) Year ended 31 December 2023 2023 2022 Brought forward 1,924 1,149 1,924 Tucklcoffee shop Activities undertaken directly Opening stock Tuck shop & coffee shop - Purchases Closing stock Depreciation 1,149 900 3,867 (900) 1,350 464 4,030 1900) 1,421 5,217 Support costs Office Wageslsalaries Rates & water Light & heat Repairs & maintenance Telephone Stationery, postage etc. Bank interest & charges 5,015 585 90 684 261 42 205 57 304 86 438 157 37 44 84 Governance costs Accountancy fees 1,924 1,150 2,001 2,002 Expenditure on charitable activities 174,476 161,548 -24-