Orange Community Network Company LRmited by Guarantee Unaudited Financial Statements 30 AprRI 2024 Company Registration Iyumber: N1054627 Charity Registration Iyumber: 102478
Orange Communlty Network Financial Statements for the year ended 30 April 2024 Contents Company Anforniation Trustees, report (incorporating the director's report) Independent Cxaminer's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements
Orange Community Network Financial Statements for the year ended 30 April 2024 Page I Company information Charity Name: Orange Community Network Company Registration Number: N1054627 Nl Charity Commission Registration Number: NICI 02478 Registered office and business address: 368 Cregagh Road Belfast BT6 9EY Directors Mrs M E Lunney Mr S Brooker Mr K Gibson Mr V Hendron Mr W Leathem Mr C Scott Company secretary: Mrs M E Lunney Trustees Mrs M E Lunney Mr V Hendron Mr S Brooker Mr K Gibson Mr C Scott Independent examiner: Alan Roulston FCA
Orange Community Network Financial Statements for the year ended 30 April 2024 Page 2 Trustees, Annual Report (Incorporating the Director's Report) The trustees, who are also directors for the purposes of company law. present their report and the unaudit¢d financial statements of the charity for the year ended 30 April 2024. Stru¢ture• governance and management The charity is established as a compnay limited by guarantee. The board of directors work closely with a management committee, all of whom are volunteers with experience in the community development sector. Objects and #etivities The primary aim of the Orange Community Network is to address the legacy of the 'Troubles' within the Protestant community in Northern Ireland. We aim to build capacity and confidence within ihe Protestant cornmunity which is widely acknowledged &8 believing itself to have been marginalised as a consequence of the Troubles,. OCN'S commitment to challenging attitudes towards sectarianism and encouraging groups from within the Protestant community towards reconciliation throu1 an UnderStding of their identity and expereience and equipping them with the ability to engage with the wider community. Achievements and performance The charity did not trade in the period under review as the last grant funding ceased in October 2016. The trustees are keeping the company open with the view to seeking further funding opportunities in the future. Financial review The financial statements show a breakeven situation with a small amount of resources available. Plans for future periods As mentioned the l&st funding Project from the Big Lottery Fund ceased in October 2016 and to date no further nding has been secured. The charity trustee's will explore any funding opportunites as and when they present themselves. Events after the end of reporting period Ther have been no subsequent events between the balance sheet date and the date of these financial statements. The trustees, annual Teport were approved on 22 January 2025 and signed on behalf of the board of trustees by: Mrs M E Lunney (Trustee)
Orange Community Network Flnanclal Ststements for the year ended 30 April 2024 Page 3 Independent Examiner's Report to the Trustees of Orange Community Network I report to the trustees on my examination of the financial statements of Orange Cornrnunity Network (Ihe charity? for the year ended 30 April 2024. Responsibilities and basis of report As the trustees of the company (and also its directors for the pUoseS 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.) and the Companies Act 2006 ('the 2006 Acv). You are satisfied that the accounts of the company are not required by charity or company l&w to be audited and have chosen instead to have an independent examination. Having satisfied myself that the aecounts 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 dire¢tions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the 2008 A¢t. Independent examiner's statement I have completed my examination. I Confim) that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect: l. accowiting records were not kept in respect of the charity as required by Section 386 of the 2006 Act. or 2. the financial statements do not accord with those records- or 3. the financial statements do not wmply with the accounting requirements of section 396 of thc 2006 Act other than any requirement that the accounts give a Irue and fair, view which is not a matter Considered as part of an independent examination. or 4. the financial staternents have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities preparing their accounts in a¢¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I confirni that there are no other matters to which your attention should be drdwn to enable a proper understanding of the accounts to be rwhed. Alan Roulston FCA
Orange Community Network Flnancial Statements for the year ended 30 April 2024 Page 4 Statement of Financial Activities (including income and expenditure account) Unrestricted Restricted Total Total Note funds funds 2024 2023 Incoming resources Donations and legacies Total incoming resources Resources expended Direct charitable expenditure Govemance costs Total resources expended Nel movement in funds Reconciliation of movement in funds Fund balances at l May 2023 Net movemcnt in funds for the 2,693 2693 2,693 year Fund balances at 30 April 2024 2,693 2,693 2,693 The staternent of financial activities includes all gains and losses recognised in the year. All amounts above relate to the continuing operations of the company.
Orange Community Network (N1054627) Financlal Statements for the year ended 30 April 2024 Page 5 Statement of Financial Position (Balance sheet) Note5 2024 2023 Current assets Cash at bank and in hand: 2,693 2,693 Creditors: amounts falling due within one year Net current assets 2,693 2.693 Nel assels 2,693 2.693 Funds employed Rcstrictcd funds Unrestricted funds 2,693 2,693 2,693 2,693 For the year ending 30 April 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibiliti¢s: 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 preperation of financial statcments. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The financial statements were approved by the board of trustees on 22 January 2025 and signed on its behalf by: Mrs M E Lunney Trustee Registration number N1054627
Orange Community Network Financial Statements for the year ended 30 April 2024 Page 6 Notes to the accounts Accounting policies Basis of accounling The accounts have been prepared under the historical cost convention and in accordance with "The Financial Reporting Standard applicable in the UK and Republic of Ireland" FRS 102, the Accounting and Reporting by Charities." Statement of Recommended Practice applicable to charities accounts in the UK and Republic of Ireland (FRS 102), the Companies Act 2006 and the Charities Act (Northern Ireland) 2008. Incume All incoming resources are recognised in the Statement of Financial Activities when the conditions for receipt have been met and there is reasonable assurance of receipt. When an incoming resource relating to a future accounting period is receiv¢d, th¢ amount is trcated as d¢f¢rrcd in¢ome and it is included within creditors in the balance sheet. Funds Orange Community Network has various types of funds for which it is responsible and which require separate disclosure. These are as follows: restricted income funds: income which is eamjarked by the donor for specific purposes. Such purposes are within the overall aims of the organisation. and unrestricted funds: funds which are expendable at the discretion of the management board in furtherance of the objects of the organisation. In addition to expenditure on education or services, such funds may be held in order to finance capital investment and working capital. Cosls Management and administration costs relate to the costs of running the organisation such as the costs of mcetings and accountancy and include any costs which cannot be specifically identified to another expenditure classification. Depreciation Depreciation is calculated to write off the original cost less the estimated residual value of the fixed assets on a straight line basis over their expected useful lives, as follows.. Fixtures and fittings 20
Orange Communlty Network Financial Statements for the year ended 30 April 2024 Page 7 Notes to the accounts (cont'd) Income from Donations and Legacies Unrestricted Rtricted Total Total funds funds 2024 2023 Incoming resourees Fundraising Donations Total incoming resources Remuneration Total remuneration paid to the board members during the year was £0 (2023 £0). Expenses paid to board members during the year amounted to £0 (2023 £0). There were no other related party transactions in the year. Fixed assets Fixtures & rittin%s Totsl C05t At l May 2023 Additions Disposals At 30 April 2024 Accumulated depreciation At l M<ly 2023 Charge for the year Disposals At 30 April 2024 Net book value At 30 April 2024 At 30 April 2023
Orange Community Network Financial Statements for the year ended 30 April 2024 Page 8 Notes to the accounts (cont'd) Limited by guarantee Every member of the company undertakes to contribute to the assets of the company in the event of its being wound up while he/she is a member or within one year after helshe ceases to be a member, for the payment of the debts and liabilities of the company contracted before he/sh¢ ceases to be a member and of the cost. charges and expenses of winding up and for the adjustment of the rights of the contributories amongst themselves, such amount as may be required not exceeding £1 O. Staff Costs The totsl staff costs and employee beenefits for the year are as follows.. 2024 2023 Wages and salaries The average head count of employees during the year was Nil (2023: 0). The average number of full-time equivalent employees during the year is analysed as follows 2024 2023 No. Number of administrative staff (part time staft) Number of community development staff (full time stsffj No employee received beenefits of more than £60,000 during the year (2023:Nil). Creditors: amounts falling due within one year 2024 2023 Accruals and deferred income Contingencies Orange Community Nctwork relicd solcly on grant funding from the Big Lottery Fund. Containcd within th¢ Letter of Offer was a clause that if OCN do not adhere to the terms of the grant, then the monies advanced could be recovered by the Big Lottery Fund. The directors confirni that they are not aware of any conditions which would result in grant funding being recovered.
Orange Communlty Network Financial Statements for the year ended 30 April 2024 Page 9 Notes to the accounts (cont'd) Post balance sheet events No subsequent events between the balance sheet date and the date of these financial statements. 10. Related parties No transactions are required to be disclosed under FRSI 02 (section 33).