FRIENDS OF GLENARIFFE ACCOUNTS YEAR ENDED 29 FEBRUARY 2024 CHARITY COMMISSION NO. NIC102467 COMPANIES OFFICE NO. N1606288 FRIENDS OF GLENARIFFE CONTENTS PAGE TREASURER'S REPORT AUOITORS REPORT STATEMENT OF FINANCIAL ACTIVITIES STATEMENT OF FINANCIAL POSITION NOTES TO THE ACCOUNTS FRIENDS OF GLENARIFFE INDEPENDENT EXAMINERS REPORT TO FRIENDS OF GLENARIFFE TH ON THE ACCOUNTS FOR THE YEAR ENDED 29 FEBRUARY 2024 I have independently examined the financial statements of Friends of Glenariffe for the year ended 29 February 2024. Basls of Opinion I have conducted an independent examination as required under section 65 of the Charities Act and my examination was carried out in accordance with the general directions given by the Charity Comm ission for Northern Ireland under section 6519)Ibl of the Charities Act. The independent examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, seeking explanations from you as charity trustees concerning any such matters. Independent Examlners Statement I have completed my examination and have no concerns in respect of the records held that requlre drawing to your attention, {Signed) {Printedl Lc)aiS Title AcccKJpJ TIWT Date IÉ lo>& I FRIENDS OF GLENARIFFE TREASURER'S REPORTTO FRIENDS OF GLENARIFFE ON THE ACCOUNTS FOR THE YEAR ENDED 29 FEBRUARY 2024 In accordance with your instructlons, I have complled the attached unaudited accounts for the year ended 29 February 2024 from the accountlng records, Informatlon and explanatlons supplSed to me, Slgned (Trea5urerl Date 78-8-1 FRIENDS OF GLENARIFFE FRIENDS OF GLENARIFFE STATEMENT OF FSNANCIAL ACTIV¢TIES YEAR ENDED 29 FEBRUARY 2024 RESTRI￿ED UNRESTRicfED FUNDS FUNDS 2024 TOTAL Z023 TOTAL INCOMING RESOURCES FROM GENERATED FUNDS VOLUNTARY INCOME Member's subscription Oonations S.231 4CMJ 3.790 3.790 A￿1VITIEs FOR GENERATING FUNDS Evenis Gym Oasses Room hire Sale of fob5 OTHER INCOMING RESOURCES Grant5 HMRC gift aid 8ank interest Deferred grant TOTAL INCOMING RESOURCES 1,437 61,095 12,682 13.928 923 1,437 61,095 12,682 13.928 923 1,058 51,233 15.632 11.897 1.364 54,765 54,765 14,347 1.190 390 18,814 114,269 390 18,814 17Z,824 18,487 110,838 58.SSS RESOURCE5 EXPENDED Gym wst5 Salaries and wa8e5 Tra¢rtèr5 Fobs Le8al fees Bank charges Stationery Insurance aeanin8 AdvertlS1118 Website cosis & IT costs Glolox fee Repairs and maintenance 11,868 37,060 4,300 660 11,868 37,060 4.300 660 10.855 25.2S2 8,283 424 161 105 740 3,225 1,027 70 1.296 1,980 5,396 8,772 3,711 18.487 2,762 108 597 3,850 564 114 988 1,980 5,814 14,037 7,813 18.814 3,233 108 597 3,850 564 114 988 1,980 5.814 14,037 7,813 18,814 3,233 6,400 14,359 13Z,561 Equipment Depreciation Miscellaneous expenses CFNI National Lottery TOTAL RESOURCES EXPENDED 6,400 14,359 20,759 111,801 92,546 Net movement in funds 40.264 28,292 OFening balance 389,059 360,768 Uoslng balance 429,323 389,059 FRIENDS OF GLENARIFFE FRIENDS OF GLENARIFFE STATEMENT OF FINANCIAL POSITION YEAR ENDED 29 FE8RUAR Y 2024 2024 TOTAL 2023 TOTAL Notes FIXED ASSETS Tan8ible assets 849,670 851,777 CURRENT ASSETS TOTAL C4SH 8AL4NCES Cash In hand General bank account Events fund iaising account MembeT5 subscri tion bank account TOTAL RESTRicfED UNRESTRicfED 4,614 58,556 4,614 S8,556 296 1,906 42,673 696 296 20,000 20,296 12.512 75,682 32,512 95,978 TOTAL ASSETS 945,648 924,199 Net Current Assets 95,978 Total Assets Less Llgblltlles 945,648 924,199 Capltal grants 516.325 535,139 NET ASSETS 429,323 389,059 TOTAL FUNDING Funds blf 389,059 360,768 Net movement In funds for year 40,264 28,292 Fyt)ds c 429.323 389,059 FRIENDS OF GLENARIFFE NOTES TO THE ACCOUNTS I. FIXED ASSETS The building is being depreciated over 50 years. Tangible Assets - Land and Buildings 1024 OpenlnB Bala￿e at l March Additions aoslng Balance at 29 February 924,338 16.380 940,718 Depreciat¢on- Land and Buildings Openlns Balance at l March Depreciation (Straight Line 50 Years) . Building Depreciation (Straight Line 50 Year51- Laneway Depreciation Istraight Line 50 Years) - Laneway aoslng Balance at 29 February 72,561 17,973 514 328 91,047 N8V 849,670 2. Capital Grants These grants were received in respect of capital expenditure on the building. The grants are not repayable unless the charity ceases 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 29 February 2024 was £18,814.