FRIENDS OF GLENARIFFE ACCOUNTS YEAR ENDED 28 FEBRUARY 2022 CHARITY COMMISSION NO. NIC102467 COMPANIES OFFICE NO. N1606288 FRIENDS OF GLENARIFFE CONTENTS PAGE TREASURER'S REPORT AUDITORS REPORT STATEMENT OF FINANCIAL ACTIVITIES STATEMENT OF FINANCIAL POSITION NOTES TO THE ACCOUNTS FRIENDS OF GLENARIFFE TREASURER'S REPORTTO FRIENDS OF GLENARIFFE ON THE ACCOUNTS FOR THE YEAR ENDED 28 FEBRUARY 2022 In accordance wlth your Instrurtlons. I have complled the attached unaudlted accounts for the ye?r ended 28 February 2022 from the accountlnz records. Informatlon and explanatlons supplled to me. Slgned (Treasurerl Date FRSENDS OF GLENARIFFE AUDITORS REPORT TO FRIENDS OF GLENARIFFE TH ON THE ACCOUNTS FOR THE YEAR ENDED 28 FEBRUARY 2022 I have audited the financial statements of Friend5 of Glenariffe for the year ended 28 February 2022. Basis Of Opinion I conducted the audit in accordance with International Standards on Accounting (UK and Irelandl issued by the Auditing Practices Board. The audit included examinations, on a test basis, of evidence relevant lo the amounts and disclosures of the financial statements. It also includes the a55essment of estimates and jud8ement5 made in the preparation of the financial statements. Opinion In my opiniori the financial Statements give a true and fair view in accordance with the United Kingdom Generally Accepted Accounting Practices IGAAPI of the state of the Charity's affair5 at 28 February 2022 and of it5 incoming resources and application of those resources for the year then ended. Auditor (Signed) Auditor IPrintedl Title ..A.oC0.￿. ANJT Date FRIENDS OF GLENARIFFE STATEMENT OF FINANCIAL A￿1VITIEs YEAR ENDED 28 FE8RUARY 2022 RESTRICTED UNRESTRICTED 2022 2021 TOTAL INCOMING RESOURCES FUNDS FUNDS TOTAL VOLUNTARY INCOME Member's Subscflption Donation5 Miscellaneous ACTIVITIES FOR GENERATING FUNDS Gym Classes 5,670 5,670 65,000 461 5,150 l.oco 533 65.000 461 45,159 15,065 2,149 1.440 45,159 15,065 2,149 1,440 44,129 2,386 5,777 loo Room Hire Sale of Fobs OTHER INCOMING RE50URCES Granis 50,276 50.276 2.IS4 42 103.839 3,671 46 17,614 184,Z45 HMRC Gift Aid Bank Interest Deferred Grant 2.164 42 18,487 18,487 TOTAL INCOMING RESOURCES 115.276 90.637 205.913 RESOURCES EXPENDED Gym Costs Salaries and Wage5 Trainers 9,682 37.455 13.194 555 9,682 37.455 13,194 555 263 68 13.303 30,444 9,682 Fobs Accountant Fees Bank Charge5 Loan Interest St3tionery Insurance 263 250 34 68 3,116 960 3.116 960 3.219 739 672 1,466 1,980 5,123 9,346 6,075 590 3,273 1.287 3,219 739 672 Cleanin8 Advertising Webslte Cost5 & IT C05t5 Gltsfox Fee Repairs and Maintenance 1,466 1,980 5,123 9,346 672 1.980 4,025 8,041 1,344 17,292 17,614 9.104 125,010 Hire ol Equipment Equiptnent Depreciation Mis¢Èllaneous Expenses TOTAL INCOMING RESOURCES 8.568 18,487 608 8.568 18.487 608 115,500 115.500 et Movement in Funds 90.413 59,235 Opening Balance 270,355 211,120 Closing Balance 560,768 270.355 FRIENDS OF GLENARIFFE STATEMENT OF FINANCIAL POSITION YEAR ENDED 28 FEBRUARY 2022 20Z2 2021 Not*s TOTAL TOTAL FIXED A55ETS Tangible Assets 870,264 863,075 CURRENT A55ETS TOTAL CASH BALANCÈS AESTRicfED UNRESTRicfED Cash in Hand 2.930 2,930 3,526 8ank- Danske Space & Place 21,183 General Bank Account 19.238 19,238 52.054 Event5 Fund Ralslng Account 46 46 14,045 Members Subscri tion BJnkA¢£ount 21,916 21.916 16,244 TOTAL 46 44,130 107,05Z TOTAL ASSETS 914.394 970,127 CURRENT LIABILITIES Loan5 127,659 Nel CurrerTrt Assrts 44,130 20.607 TDtsI Asset5 Les$ Llabllltles 914,394 842,468 Capiial Grants 553,626 572,113 NET ASSET5 360,768 270,355 TOTAL FUNDING Funds blf 270.355 211.120 Net Movernent in Funds lor Year 90,413 59,235 Funds cll 360,768 270,355 FRIENDS OF GLENARIFFE NOTES TO THE ACCOUNT5 I. FIXED ASSETS The building is bein8 depreciated over 50 years. TJDgiblf. Assets- Land and Buildings Openln8 balance at l March Addition5 C1051ng Oalance at 28 FelJwu4ry 898,662 25,676 924,338 Depreciation - Lind and Buildin£s Ownln8 Balanr• •1 l Mirch 2021 Depreciation1Str318ht Line 50 YÈ3rsl Closlng Balance at 28 February 2022 3S,587 18.487 54,074 NBV 870.264 2. LOANS UCIT Loan of £150,000 taken out on the 17 January 2019 wa5 repayable over ten years. Outstandin8 balance on l March 2021 repaid In full durin8 the financial year. 3. Capital Grants These grants were recelved in respect of capital expendSture on the building. The 8rants are not repayable unless the charity cea5e5 Its activities or disposes of the building. The grants will be released to the Income and Expenditure account at approximately three percent per year. The amount released for the year ended 28 February 2022 wa5 £18,487.