Charity registration number NIC102820 HANNAHSTOWN COMMUNITY ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
HANNAHSTOWN COMMUNITY ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees J Ferguson J McQuillan J Mccormick Charity number NIC102820 Principal address Hannahstown Community Centre 23 Hannahstown Hill Belfast BT17 OLT Independent examiner Miscampbell & Co 6 Annadale Avenue Belfast BT7 3JH Bankers First Trust 36 Universily Street Belfast BT7 1NH
HANNAHSTOWN COMMUNITY ASSOCIATION CONTENTS Page Trustees, report Independent examiner's report Statement of financial activities Balance sheet Notes to the financial statements 6-13
HANNAHSTOWN COMMUNITY ASSOCIATION TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2024 The Trustees present their annual report and financial statements for the year ended 30 June 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's Igoverning do¢ument], the Charities Act 2011 and "Accounting and Reporting by Charities.. 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)" {effective 1 January 2019). Objectives and activlties Public benefit a. Policies and oblectlves In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the charity commission relating to publi¢ benefit. b. Activities undertaken to achieve objectives The Association was set up to promote and improve the position of the inhabitants of the Hannahstown area of CountyAntrim. c. Main activities undertaken to further the charity's purposes for the public benefit The charity ha5 a number of user group activities running, the major ones are Surestart, Gymnast and Ju-Jitsu. The Charity will continue to undertake these activities to achieve its purposes for the public benefit. Achievements and performance Signrficant activrties and achievements against objectives a. Main achievements of the charity The centre continued to provide facilities for all the Community and during the year hosted several major schemes. Financial review Going concern . Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. Reserrfes policy b. Reserves policy Unrestricted reserves which have not been designated for a particular purpose, should be maintained at a level to ensure that in the event of a significant drop in funding, will enable them to continue the Gharity's current activities while Consideration is given to ways in which additional funds may be raised. Plans for future periods We are hoping to Gontinue to promote the Association and to develop our cross-community links. structure, governance and management Hannahstown Community Association is a registered charity, number NIC 102820, and is constituted under a Trust deed. The Constitution of the Charity states that the affairs of the Charity are to be directed by the committee which consists of all the serving trustees.
HANNAHSTOWN COMMUNITY ASSOCIATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 The Trustees who Seed during the year and up to the date of signature of the finan¢ial statements were.. J Ferguson J McQuillan J Mccormick Recruitment and appointment of trustees The management of the charity is the responsibility of the Trustees who are elected and ¢o-opted under the terms of the Trust deed. All full members are eligible to be nominated as a committee member; applications must be in writing and presented to the Honorary Secretary at least seven days before the Annual General Meeting. Funds held as Custodian trustee No funds were held as custodian during the year. The Trustees, report was approved by the Board of Trustees. -Wll- J McQuill Trustee 21 October 2024
HANNAHSTOWN COMMUNITY ASSOCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HANNAHSTOWN COMMUNITY ASSOCIATION I report to the Trustees on my examination of the financial statements of Hannahstown Community Association {the Charity) for the year ended 30 June 2024. Responsibilities and basis of report As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act (Northem Ireland) 2008. I report in respect of my examination of the Charity's financial statements carried out under the Charities Act (Northern Ireland) 2008. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under the Charities Act (Norihern Ireland) 2008. Independent examiner's statement Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. l understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in Connection with the 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 130 of the 2011 Act; or the financial statements do not accord with those records,. or the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Jonathan R Bethel Mis¢ampbell & Co 6 Annadale Avenue Belfast BT7 3JH Dated: 21 October 2024
HANNAHSTOWN COMMUNITY ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2024 Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Notes Income from: Donations and legacies Charitable activities Charitable income 36,867 36,867 9,028 6,620 15,648 25,952 25.952 32,228 32,228 Investments 454 454 108 108 Total income 63,273 63,273 41,364 6,620 47,984 Expenditure on: Raisin funds Fundraising and publicity 11,323 11,323 1,042 5,852 6,894 Charitable activities Charitable expenditure 44,317 558 44,875 40,485 1,327 41,812 Total expenditure 55,640 558 56,198 41,527 7,179 48,706 Net in¢omel(expenditur8) and movement in funds 7,633 (558) 7,075 (163) (559) (722) Reconciliation of funds: Fund balances at 1 July 2023 93,187 20,211 113,398 93,350 20,770 114,120 Fund balances at 30 June 2024 100,820 19,653 120,473 93,187 20,211 113,398 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from Continuing activities.
HANNAHSTOWN COMMUNITY ASSOCIATION BALANCE SHEET AS AT 30 JUNE 2024 2024 2023 Notes Fixed assets Tangible assets 12 299,762 311,727 Current assets Debtors Cash at bank and in hand 13 1,465 76,374 1,700 61,616 77,839 63,316 Creditors: amounts falling due within one year 14 (8,194) (3,9771 Net Current assets 69,645 59,339 Totsl assets less current liabilities 369,407 371,066 Creditors: amounts falling due after more than one year 15 (248,934) (257.668) Net assets excluding pension liability 120,473 113,398 Net assets 120,473 113,398 The funds of the Charity Restricted income funds Unrestri¢ted funds 17 19,653 100,820 20.211 93,187 120,473 113,398 The financial statements were approved by the Trustees on 21 October 2024 J McQuillan Trustee
HANNAHSTOWN COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Accounting policies Charity information Hannahstown Community Association is a registered charity with Charity Commission Nl and has the charity number NIC102820. The registered office address and principal place of business is 23 Hannahstown Hill,. Belfast, BT17 OLT. The principal activity of the company continued to be providing facilities for all the community and during the year hosted several major schemes, including a Summer Scheme for children and a community festival. 1.1 Accounting Convention The financial statements have been prepared in accordance with the Charity's Igoverning documentl, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland. ('FRS 102") and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their a¢¢ounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The Charity is a Public Benefit Entity as defined by FRS 102. The Charity has taken advantsge of the provisions in the SORP for Charities not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the Charity- Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate reSoUrS to continue in operational existence for the foreseeable future. Thus the Trustees Continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Truslees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity. 1.4 Income All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable Can be measured reliably. Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Vvhere entitlement occurs before income is received, the income is accrued.
HANNAHSTOWN COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Accounting policies (Continued) Income tax recoverable in relation to investment income is recognised at the time the investment income is re¢eivable. 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to third party. It is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation Can be measured reliably. Expenditure is Classified by activity. The costs of each adivity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one a¢tivity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at Cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases- Freehold land and buildings Fixtures and fittings Computers straight line over 50 years 250A straight line Enter depreciation rate via StatDB - cd198 The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the ststement of financial activities. Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are creditor to the Statement of financial activities as the related expenditure is incurred. 1.7 Impairment of fixed assets At each reporting end date. the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists. the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-term liquid investment5 With original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost during the effective interest method.
HANNAHSTOWN COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Accounting policies (Contlnued) Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitules a financing transa¢tion, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently Carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cosl using the effective interesl method. Derecognition of financial liabilities Financial liabilities are derecognised when the Charity's contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entitlement is re¢ognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.11 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Critical accounting estimates and judgements Estimates and judgements are continually evaluated and are based on historical experience and Oth factors. including expectations offuture events that are believed to be reasonable under the circumstances. Critical accounting estimates and assumptions.. The charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below. Critical areas ofjudgement.. In preparing these financial statements, the trustees have had to make the following judgements,. Determine whether there are indicators of impairment of the company's intangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger Cash-generating unit, the viability and expected future performance of that unit. Other key sources of estimation uncertainty.. Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market Conditions, the remaining life of the asset and projected disposal values.
HANNAHSTOWN COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Income from donations and legacies Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Donations and gifts Other grants 1,193 35,674 1.193 35,674 2,528 6.500 2,528 13,120 6,620 36,867 36,867 9,028 6,620 15,648 Income from charitable activities Unrestricted funds 2024 Unrestricted funds 2023 Charitable income User groups Fundraising events 22,508 3,444 24,005 8.223 25,952 32.228 Income from investments Unrestricted Unrestricted funds funds 2024 2023 Investment income 454 108 Exponditure on raising funds Unr8Stricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Fundraising and publicity other fundraising Costs 11,323 11,323 1,042 5.852 6,894
HANNAHSTOWN COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Expenditure on charitable activities Charitable Charitable expenditure expenditure 2024 2023 Direct costs Staff costs Depreciation and impaimient Heat & light Repairs & renewals Insurance Cleaning Telephone Printing, postage & stationery General Bank charges Gifts and donations Transport 16,353 4,523 11,698 4,513 3,099 543 914 247 906 91 15,347 4,442 6,682 4,568 2,750 193 882 21 264 349 3,550 650 42,887 39,698 Share of support and governance costs (s88 note 8) Governance 1,988 2,114 44,875 41,812 Analysis by fund Unrestricted funds Restricted funds 44,317 558 40,485 1,327 44,875 41,812 Support costs Support Gov8rnanco costs costs 2024 2023 Independent examination fees Legal and professional 1.206 782 1,206 782 1.434 680 1.988 1,988 2,114 Analysed beeen Charitable activities 1,988 1,988 2,114 Governance costs includes payments to the auditors of £1,200 (2023- £1,140) for independent examination fees. 10-
HANNAHSTOWN COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Trustees None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year. 10 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number Employment Costs 2024 2023 Wages and salaries Other pension costs 16,008 345 15,019 328 16,353 15,347 There were no employees whose annual remuneration was more than £60,000. Remuneration of k8y management personnel 11 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 12 Tangible fixed assets Freehold land Fixtures and and buildings fittings Computers Total Cost At 1 July 2023 Additions 508,294 13,180 521,474 1,292 1,292 At 30 June 2024 508,294 13,180 1,292 522,766 Depreciation and impairment At 1 July 2023 Depreciation charged in the year 199,973 10,166 9,774 3,010 209,747 13,257 81 At 30 June 2024 210,139 12,784 81 223,004 Carrylng amount At 30 June 2024 298,155 396 1,211 299,762 At 30 June 2023 308,321 3,406 311,727 11
HANNAHSTOWN COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 13 Debtors 2024 2023 Amounts falling due within one year: Other debtors 1,465 1,700 14 Creditors: amounts falling due within one year 2024 2023 Other creditors Accruals and deferred income 43 3,934 8,194 8,194 3,977 15 Creditors." amounts falling due after more than one year 2024 2023 Other creditors 248,934 257,668 16 Retirement benefit schemes 2024 2023 Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes 345 328 The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the s¢heme a held separately from those of the Charity in an independently administered fund. 17 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as lo how they may be used. At 1 July 2023 Incoming resources Resources expended At 30 June 2024 20,211 (558) 19,653 Previous year.. At 1 July 2022 Incoming resources Resources expended At 30 June 2023 20,770 6,620 (7,179) 20,211 12-
HANNAHSTOWN COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 18 Unrestricted funds The unrestricted funds of the Chariiy comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted ftjnds by the trustees for specific purposes. At 1 July 2023 Incoming resources Resources expended At 30 June 2024 General funds 93,187 63,273 (55,640) 100,820 Previous year: At 1 July 2022 Incoming resources Resources exponded At 30 Juna 2023 General funds 93,350 41,364 (41,527) 93,187 19 Analysis of net assets between funds unstrICted funds 2024 Restricted funds 2024 Total 2024 At 30 June 2024: Tangible assets Current assetsl(liabilities) Long term liabilities 280,109 69,645 (248,934) 19,653 299,762 69.645 (248,934) 100,820 19,653 120,473 UnrestriGted funds 2023 Restricted funds 2023 Total 2023 At 30 June 2023: Tangible assets Current assetsl(liabilities) Long term liabilities 290,957 59,898 (257,668) 20,770 (559) 311,727 59,339 (257,668) 93,187 20,211 113,398 20 Related party transactions There were no disclosable related party transactions during the year (2023 - none). 13-