COMPANY REGISTRATION NUMBER.. N1037759 CHARITY REGISTRATION NUMBER: NIC102464 KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Unaudited Financial Statements 31 December 2024 PURDY UINN Chartered Accountants Northern Bank House 42 Greencastle Street KILKEEL Co Down BT34 4BH
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Financial Statements Year ended 31 December 2024 Page Trustees, annual report {incorporating the directors, report) Independent examiner's report to the directors Statement of financial activities (including income and expenditure account) Staternent 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 20 Notes to the detailed statement of financial aclivities 22
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) Year ended 31 December 2024 The directors, who are also the directors for the purposes of company law. present their report and the unaudrted financial statements of the charrty for the year ended 31 December 2024. Reference and administrative details Registered charity name KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Charity registration number NIC102464 Company registration number N1037759 Principal office and registered 17-19 GreencasUe Street office Kilkeel Co Down B34 4BH N Ireland 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 Hender50n Independent examiner Gareth Evans Bsc FCA Northern Bank House 42 Greencastle Streel KILKEEL Co Down BT34 4BH Structure, governanGe and management The company is incorporated under the Companies (Northern Ireland) Order 1986, being a company limited by guarantee not having a share capitsl. 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 Megan Mcllveen 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 rf they are willing to seNe on the Board, their nomination is Put forward for approval by the Board. There is no maximum term of office. 1nducb.on and tiaining of directors is provided in house.
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directors. Report) (contsnuèdj Year ended 31 December 2024 Objectives and activities The companvs objects are to promote the benefit of the community of Kilkeel, Co Down and surrounding area wrthoul distinction of sex. sexual orientalion. race or of political, religious or other opinions, by associating together the said inhabitants and the local auihortties. voluntary and othèr organisalions in a common effort to advance education. lo provide training, to preseNe the environment and herrtage of the area of benefrt and to provide facilrties in the interests of social welfare for recreation and leisure time occupalion with the object of improving the conditions of lrfe for the said community. Achievements and perfomianGe The chartty's youth section known as JIMS has continued to deliver high qualty programmes and services to the local community. In addition, Regenerate= Mental Heatth Hub continued to provide essential mental health support for children and young people. 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 helped develop the skills and confidence of 24 young people as they gained their food hygiene certificate, safeguard training and enjoyed a residential over the Halloween break. Summer 2024 brought wtth it a busy Summer Madness vekend and Step Up I Project programme - volunteers were equipped and empowered to facilitate the summer scheme for 80 local children which was highly enjoyed by all. After summer: feedback from young people led us to trial and implement a new Thursday programme which included a hot dinner, Bible Study and homework space. Regenerate provided over 100 childr8n/young people with counselling sessions - while seeking lo build resilience in young ppIe through small groups. We saw relationships with KHS grow as our yOLrth worker remained involved in programmes twce a week and even networked and supported some RE classes. We are most thankful to all those who support the work of Kilkeel Parish Bridge Association Ltd in a financial way. We thank all of our funders and those in our local community, who al this lime of economic difficulty continue to financialty support us. The Directors wish to record their thanks lo all who work and seNe in the project, to the staff for their hard work and dedication and Ihe 68+ 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 rt is with their excitement. ideas. and joy. Thanks be to God for His prowsion Ihroughoul 2024. 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.
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directors, Report) (contsnuedj Year ended 31 December 2024 Financial review The results for the year are set out in the attached financial statements. The total funds held at Ihe end of the year are shown in the notes to the financial statements. Notes 22 and 23 highlight the analysis of restricted fund5. Small company provisions This report has been prepared in accordance with the provisions applicable to companie5 entitled to the small companies exemption. The trustees, annual report {incorporating the directors. report) was approved on 24 September 2025 and signed on behalf of the board of trustees by.. Mr S Tomkins Director
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Independent Examiner'5 Report to the Directors of KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Year ended 31 December 2024 I report to the directors on my examination of the financial statements of KILKEEL PARISH BRIDGE ASSOCIATION LIMITED I'the charily,) for the year ended 31 December 2024. Responsibilities and basis of report As the directors of the company (and also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of Charilies Act {Northern Ireland) 2008 (the .2008 Act'> and the Companies Act 2006 I'the 2006 Acl'l. You are satisfied that Ihe accounts of the company are not required by charity or company law to be audiled and have chosen instead to have an independent examination. Having satisfied myseW that the accounts of Ihe company are not required to be audited under Parl 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the chariws 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 Norihern Ireland under section 65(91{b) of the 2008 Act. Independent examinerfs statement I have completed my examination. I confimi 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 Acl: or the financial statements do not accord with those records,- or the financial slatements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'lrue and fair, view which is not a matter considered as part of an independenl 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 lo charities preparing their accounts in accordance wtlh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I confirm Ihal there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. Gare Inde va FCA ent Examiner Northern ank 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 2024 2024 Restricted funds Total funds 2023 Unrestricted funds Total funds Note Income and endowments Donations and legacies Charrtable activities Investment income 12,692 19.290 274 158.968 171.660 19,290 274 133,300 15,218 60 Total income 32.256 158.968 191.224 148,578 Expenditu Expenditure on charitsble activities Total expenditure 17,887 170.417 188,304 174.476 17.887 170.417 188.304 174.476 Net incomellexpenditure) and net movement in funds 14.369 {11,449) 2,920 (25.898) Reconciliation of funds Total funds brought foward Total funds carried forward 51.539 207,996 259,535 285.433 65,908 196,547 262.455 259,535 The statement of financial activrties includes all gains and losses re¢ognised in the year. All income and expenditure derive from continuing activtlies. The notes on pagès 9 to 18 fomi part of these financial slatements.
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Statement of Financial Position 31 December 2024 2024 2023 Note Fixed assets Tangible fixed assets 15 322,898 335,824 Current assets Stocks Debtors Cash at bank and in hand 16 17 900 3,577 90,480 94.957 900 2,651 81.516 85.067 Creditors: amounts falling due within one year Net current assets 18 85,620 91.576 9.337 (6,5091 329.315 Total assets less current liabilities 332.235 Creditors: amounts falling due after more than one year 19 69,780 262.455 69.780 Net assets 259,535 Funds of the charity Restricted funds Unrestricted funds 196.547 65,908 207.996 51.539 Total charity funds 22 262.455 259,535 For the year ending 31 December 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companie5. Directors, responsibilrties- The members have not required the company to obtain an audrt of its financial statements for the year in question in a¢cordan¢e with section 476.. The directors acknowledge their responsibilities for complying with the requirements of Ihe Act with respect to accounting records and the preparation of financial stslements. These financial stalemenls have been prepared in ac¢ordance 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 18 fonn part of these financial statements.
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Statement of Financial Position (continued) 31 December 2024 These financial statement5 were approved by the board of trustees and authorised for issue on 24 September 2025, and are signed on behalf of the board by: Mr S Tomkins Director The notes on pages 9 to 18 forni part of these financial statements.
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee ststement of Cash Flows Year ended 31 December 2024 2024 2023 Cash flows from operating activitie5 Net incomel(expendilurel 2,920 125.8981 Adjusffments for. Depreciation of tangible fixed assets other interest receNable and similar income Interest payable and similar charges 12,926 12741 821 13.496 (60} 1.127 Changes in." Trade and other debtors Trade and other creditors 19261 (5,9561 9,511 503 33,403 Cash generated from operations 22,571 Interest paid Interest received 18211 274 (1,127) 60 Net cash from operating activities 8.964 21,504 Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year 8,964 81,516 90.480 21,504 60,012 81,516 The notes on pages 9 to 18 fomi part of these financial statements.
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Lirnited by Guarantee Notes to the Financial Statements Year ended 31 December 2024 General information The charity is a public benefit entity and a private company limited by guaranlee, registered in Northern Ireland and a registered charty in Northern Ireland. The address of the regislered office is 17-19 Greencastle Streel, Kilkeel: Co Down. B34 4BH. N Ireland. Statement of compliance These financial statements have been prepared in compliance wrth 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 IFRS 102) (Charities SORP (FRS 102}J and the Companies Act 2006. Accounting policies Basis of preparation The financial stalements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilrties 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 entty. Going concern The company meels ils 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 varialÈon in the liming of cash inflows. Due to the amount of approved funding since Ihe Balance Sheet. the directors consider that the company will continue to operale 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 statements requires management to make judgements, e5timate5 and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectation5 of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestiicled 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 projecl or commitment. Restricted funds are subjected to restrictions on their expendilure declared by the donor or Ihrough 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 (conliftuedj Year ended 31 December 2024 Accounting policies (continued) Incoming resources All incoming resources are included in the statement of financial activities when enlillemenl has passed to the charity,. rt is probable that the econom 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, receipl is probable and its amount can be measure(1 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 eslimaled resale value. Donated facilrties and services are recognised in the accounts when received if the value Can be reliably measured. No amounts are included for the contribulion of general volunteers. income from Contracts for the supply of services is recognised wi(h the delivery of the contracted service. This is classtfied as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned rf unspent, in which Gase 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 statemenl of financial activities to which it relates_. expenditure on raising funds includes the costs of all fundraising activities. evenls, non- charitable trading activtties. and Ihe sale of donated goods. experbditure on charitable activities includes all costs incurred by a charty in undertaking activtties that further its charrtable 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 nei(her related to raising funds for the charity nor part of its expendilure on charrtable activrties. 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 acttvity. Shared costs are apportioned between the aclivrties they contribute to on a reasonable: justrfiable and consistent basis. Tangible assets All fixed assets are initialty recorded at cost. 10-
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2024 Accounting policies (conliftuedj Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset. les5 its residual value. over the useful economic lrfe of that asset as follows.. Freehold property Plant & machinery Equipment 2°/0 Straight line 20Q/o reducing balance 20% reducing balance Impairment of fixed assets A review for indicators of impaimient is carried out at each reporting date, with the Tecoverable amount bein9 estimated where such indicators exist. Where the carying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impaiments are also reviewed for Possible reversal at each reporting date. For the purposes of impairment testing: when it is not PO55ible to e5timale the recoverable amount of an individual asset, an estimate is made of thè recoverable amount of the cash- generating unit to which Ihe asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the assel and generales cash inflows that largely independent of the cash infkiws from other assets or groups of assets. For impairment testing of goodwill: the goodwill acquired in a business combination is, from the acquisition date, alk)cated to each of the CaShenerating unrts that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to Ihose units. Stocks Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cosl Includes all costs of purchase. costs of conversion and other cosls incurred in bringing the stock to its present location and condition. Financial instruments A financial asset or a financial liability is recognised onty when the charty becomes a paty to the contractual provisions of the instrument. Basic financial instruments are inilially recognised al the amount receivable or payable including any related transaction costs. Current assets and currenl liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised Cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investmerrt is subsequently measured at fair value with changes in fair value recognisèd in ir)come 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 (continuedj Year ended 31 December 2024 Accounting policies (continued) Financial instruments (continued) Other financial instruments. including derivattves. are initially recognised at fair value. unless payment for an asset is deferred beyond normal business ternis or financed at a rate of interest that is not a market rate, in which case Ihe asset is measured at the present value of Ihe future payments discounted at a market rate of interest for a similar debt instrument. Other financial instrumenls are subsequently measured at fair value. wrth any changes recognised in the statement of financial activities. wth the exception of hedging instruments in a designated hedging relationship. Financial as5els that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting dale. If there is objective evidence of impairment. an impairment loss is recognised under the appropriate heading in the 5tatemenl of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance. and other financial assets that are indiwdually significanl. these are assessed individLJally for impaitment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are retognised 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 previousty been recogni5ed. 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 a5 an assel to the extent that the prepaymenl will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly wilhin 12 months of the end of the reporting date in which the employees render the related serl¢e, 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 a company limited by guarantee not having a share captlal. Donations and legacies The major source of core operating income are grants received from National Lottery Funding and the Education Authorty, Youth UK.. Thriving Minds and The Irish Youth Fund.. Coca-cola Award and Thank You Fund. 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 2024 Donations and legacies (continue Unrestricted Funds Restricted Total Funds Funds 2024 Donations Unrestricted donations Gift aid Restricted grants & donations 11.930 762 11.930 762 158,968 158,968 158.968 12.692 171,660 Uniestricted Funds Restricted Total Funds Funds 2023 Donations Unrestricted donations Gift aid Restricted grants & donations 2.918 371 2.918 371 130,011 133,300 130.011 3.289 130,011 The major source of core operating income are grants received from National Lottery Funding and the Education Authorty. YoLrth UK: Thriving Minds and The Irish Youth Fund.. Coca-cola Award and Thank You Fund. Other project funding was received from various Foundalions throughout the United Kingdom and Ireland. Charitable activities Unrestncted Total Funds Unrestricted Tolal Funds Funds 2024 Funds 2023 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 4.553 7.955 1.354 3.570 350 1.508 4,553 7,955 1,354 3,570 350 1,508 4.560 6,255 1,254 2,720 4,560 6,255 1,254 2,720 345 345 19,290 19.290 15.218 15,218 Investment income Unrestricted Total Funds Unrestri¢ted Total Funds Funds 2024 Funds 2023 Bank interest receivable 274 274 60 60 13-
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2024 Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2024 JIMS Junior JIMS Tucklcoffee shop Support costs (10,806) 1.293 6.289 21.111 157,352 146,546 1,293 6,289 34,176 188,304 13,065 17.887 170,417 Unreslricted Funds Restricted Total Funds Fund5 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 7,888 40.972 133,504 174.476 Expenditure on charitable artivities by activity type Activities undertaken direclly Support costs Total funds 2024 Total fund 2023 JIMS Junior JIMS Tucklcoffee shop Governance costs 146.546 1.293 6.289 25.465 3.107 3.107 2.497 172,011 4,400 9,396 2.497 188,304 162,060 3,274 7.141 2,001 154.128 34.176 174.476 10. Analysis of support costs Tuck shop & JIMS Junior JIMS coffee shop Total 2024 Total 2023 Staff costs Premi¥es Communications and IT General office Finance cosls Heat & light Repairs & maintenence Support costs- Other governance cosls 8.130 788 338 2,100 617 4.536 4.536 1.016 98 42 263 77 567 1,043 1,016 98 42 263 77 567 1,043 10,162 984 422 2,626 771 5,670 6.622 5,847 902 423 2,047 573 6.841 2,615 2.000 250 250 2.500 2.000 23,045 3.356 3.356 29,757 21.248 14-
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Notes to the Financial Statements (cuntinue Year ended 31 December 2024 11. Net incomel(expenditure) Nel incomel(expenditure) is stated after chargingl{crediting): 2024 2023 Depreciation of tsngible fixed assels 12,926 13.496 12. Independent examination fees 2024 2023 Fees payable to the independent examiner for.. Independent examination of the financial slatemenls 2,000 2.000 13. Staff costs The total staff costs and employee benefils for the reporting period are analysed as follows.. 2024 2023 Wages and salaries Employer contributions to pension plans 100.421 2,762 103.183 98,835 2,698 101.531 No employee received remuneration amounting to more than £60.000 in either financial year. The average head count of employees during the year 1012023 10). The average number of full-time equivalent employees during the year is analysed as follows. 2024 2023 Adminislration Caretaker Youth Co-ordinators 10 10 No employee received employee benefrts of more than £60,000 during the year (2023.. Nil). 14. Tntstee remuneration and expenses No remuneration or other benefrts from employment with the charity or a related entity were received by the directors. 15-
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2024 15. Tangible fixed assets Land and Fixtures and buildings fittings Equipment Total Cost At 1 January 2024 and 31 December 2024 532.129 30.302 29.363 591,794 Depreciation At 1 January 2024 Charge for the year At 31 December 2024 207,721 10,643 24,863 1,087 23,386 1.196 255,970 12,926 218,364 25.950 24.582 268,896 Carrying amount At 31 December 2024 313.765 4.352 4,781 322.898 At 31 December 2023 324,408 5,439 5,977 335,824 Included within creditors= amounls falling due afler more than one year is an amount of £69,780 {2023'. £69,780) in respect of liabilrties payable or repayable by instalments which fall due for payment after more than five years from the reporting dale. The Diocesan Council and Represenlative Church Body (RCB)has contributed to the funding of this project and will require repayment rf the property al Greencastle Street is ever sold. The deeds are held by RCB but they have not registered a legal charge on the pioperty. 16. Stocks 2024 2023 Raw materials and consumables 900 900 17. Debtors 2024 2023 Prepayments and accrued income 3.577 2,651 18. Creditor5: amounts falling due within one year 2024 2023 Trade creditors Accruals and deferred income VISA 6,146 76.230 3,244 85.620 6.621 84,958 (3) 91,576 16-
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Cornpany Limited by Guarantee Note5 to the Fi nancial Statements (continued) Year ended 31 December 2024 19. Creditors: amounts falllng due after more than one year 2024 2023 other credrtors 69,780 69,780 Included within creditors.. amounts falling due after more than one year is an amount of £69,780 12023. £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 repaymenl rf the propety al 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 2024 2023 Amount deferred in year 76,230 84,958 At the year end significant restricted funding was advanced which had not been spent. This amount totalled £74,230 {2023- £84.958) and has been recorded as deferred income. 21. Pensions and other post retlrement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relalion to defined contribution plans was £2.762 (2023: £2.6%). 22. Analysis of charitable funds Unrestricted funds At 1 January 202 At 31 December 2024 Income Expenditure General funds 51,539 32.256 (17,887) 65,908 At 1 January 202 At 31 December 2023 Income Expenditure General funds 73.944 18,567 (40,972) 51.539 17-
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Notes to the Financial Statements (conlinu Year ended 31 December 2024 22. Analysis of charitable funds (continued) Restricted funds At 1 January 202 At 31 De¢ember 2024 Income Expendrture Re5tri¢ted Funds 207,996 158.968 (170,417) 196,547 At 1 January 202 At 31 December 2023 Income Expenditure Restricted Funds 211,489 130.011 (133.5041 207.996 23. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed asset5 Current assets Creditors les5 than 1 year Creditors greater than 1 year Net assets 59.295 18.727 (12.114) 263,604 76,230 173,507) {69.780) 196 547 322.899 94.957 185,621) 169.780) 262.455 65,908 Unreslricted Funds Restricled Total Funds Funds 2023 Tangible fixed assets Current assels Creditors less Ihan 1 year Creditors grealer than 1 year Net assets 62.361 505 (11,352) 273,463 84,562 {80.224) {69.780) 208,021 335,824 85,067 (91,576) {69,780) 259,535 51.514 24. Analysis of changes in net debt At At 1 Jan 2024 Cash flows 31 Dec 2024 Cash al bank and in hand 81,516 8.964 90,480 18-
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Management Information Year ended 31 December 2024 The following pages do not fornb part of the financial statements. 19-
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 31 December 2024 2024 2023 Income and endowments Donations and legacies Unrestricted donations Grft aid Restricted grants & donations 11,930 762 158,968 2,918 371 130.011 171,660 133,300 Charitable activities Income from non-investment property in furtherance of the charws objects JIMS - Grcss income Junior JIMS - Gross income Tuck shop income Miscellaneous income Summer madness 4.553 7.955 1,354 3.570 350 1.508 4.560 6,255 1,254 2.720 84 345 19,290 15,218 Investment income Bank interest receivable 274 60 Total income 191,224 148,578 -20-
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Detailed Staternent of Financial Activitles (continued) Year ended 31 December 2024 2024 2023 Expenditure Expenditu re on charitable activities Purchases Wages and salaries Pension costs Rates and water Light and heat Repairs and maintenance Insurance Other motorltravel costs Legal and professional f&es Telephone Other office costs Depreciation Interest on bank loans and overdrafts Miscellaneous Training courses Donations Licences and subscriptions 41,753 100,421 2.762 986 5,670 10.431 4,335 174 2.497 422 2,626 12.927 771 50 2.111 120 37,666 98,835 2,696 902 6,841 2,613 3,174 98 2.001 423 2,047 13,496 573 554 1,599 99 859 188,304 174,476 Total expenditure 188,304 174,476 Net incomel{expenditure) 2.920 (25,898) -21-
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities Year ended 31 December 2024 2024 2023 Expenditure on charitable actlvllles JIMS Activities undertaken directty Cost of activities Wageslsalaries Pension costs 36,147 90,258 2,762 33,799 92,987 2,696 r li Insurance Travel costs Depreciation Miscellaneous Training costs Web design & maintenance Licences, fees etc. 4,335 174 10,341 50 2,111 120 248 3.174 98 10,796 554 1,599 99 859 146,546 146.661 Support costs Training fees Office wageslsalaries Rates & water Light & heat Repairs & maintenance Telephone Stationery, postage etc. Bank interest & charges 610 8,131 788 4,536 8.345 338 2,100 617 4,678 722 5,473 2,091 339 1,637 459 25.465 15.399 JuniorJlMS Activities undertaken directly Dèpreciation Support costs Office wageslsalaries Rates & water Light & heat Repairs & maintenance Telephone stationery. postage etc. 1.293 1.350 1,016 99 567 1,043 42 263 585 90 261 42 205 Carried forward 3,030 1.867 .22-
KILKEEL PARISH BRIDGE ASSOCIATION LIMITED Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities (continued) Year ended 31 December 2024 2024 2023 Brought foward 3.030 1,867 Bank interest & charges 77 57 3.107 1.924 Tucklcoffee shop Activitie5 undertaken directly Tuck shop & coffee shop - Purchases Depreciation 4.996 1,293 6,289 3,867 1,350 5.217 Support costs Office Wageslsalaries Rates & water Light & heat Repairs & maintenance Telephone Stationery, postage etc. Bank interest & charges 1,016 99 567 1.043 42 263 77 585 90 261 42 205 57 3.107 1.924 Governance costs Accountancy fees 2,497 2.001 Expenditure on charitable activit•es 188,304 174,476 23-