TORRENS MEMORIAL HALL ASSOCIATION FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 CHARITY NUIVIBER: MC102884
TORRENS MEMORIAL HALL ASSOCIATION YEAR NDD 31 DECEMBER 2024 Contents Trustees and other information Report of the Trustees Statement of Trustees Responsibilities Receipts and Payments Aecount Statement of Assets & Liabilities Notes to the Financial Statements Independent Examiner's Report
TORRENS MEMORIAL HALL ASSOCI.4TION YEAR ENDKD 31 DECEMI BKR 2024 Trustees and other inforniation TRUSTEES Mandy Girvan (Chairyerson) Shirley Orr (Secretaryrrreasurer) Rev Gareth McFadd¢n Eleanor Graham Alison Jol)nston Julie Dorman Robbic Cromie Jim Corr REGISTERED ADDRESS Torrens Memorial Hall 29 Main Str¢¢t Doagh BT39 ODG Santander Customer Service Centre Bootle Merseyside L30 4GB ACCOUNTANTS Hopper & Co Chartered Accountants 6 Doagh Road Ballyclare BT39 9BG Page I
TORRENS MEMORIAL HALL ASSOCIATION YEAR ENDED 31 DECLMBER 2024 ort of the Trnstees for ear ended 31 December 2024 The Trustees present their Report together with unaudited accounts for y¢ar ended 31 December 2024. Results The Financial Statements show a balance for the period of £27,508. (2023: £26,373). Statss The Charity is registered with the Nl Charities Con)n]ission under reference NIC102884 Aims and ob'ectives. The principal aim and objcctive of the Charity is to maintain Torrens Memorial Hdl for the promotion of general community projects for clwitable projects for the publi benefit. The Trustees are grnteful to all their funders, especially Antrim and NewtoNvnabb¢y Borough Council and th¢ continued support of their member organisatiOXL8, without whose help the chaTity could not fillfd its charitable aims and objectives. Pllblie Benefit. Torrens Hall exists to relieve poverty and social isolation, advance education, traIninr¢traInIng, to provide recreational faciliti¢s for all ages, public health facilities, and the promotion of public safety and the prevention of crime. This is demonstratsd through having the availability of community space for the community and other bodies within Doagh and its surroundiug district to use. The public benefit is the provision of a community building with a main hall, computer suite and meeting room space. The benefit is for all within Doagh and its surrounding area r¢gardless of disability/age/sociaVeconomic circumgtances alld this leads to increased knowledge and understanding to atl in the area through a shared space to support and develop the work of community groups, provide recreational and health facilities, to receive training and retraijjing. Page 2
TORRENS MEMORIAL HALL ASSOCIATION YEAR ENDED 31 DECEMBER 2024 Activitie5 The Trustees are bappy to report the Hall saw an increased foot fall usiug the hall and its facilities. It is hoped that this increased activkty will continue into the forthcoming year and we will endeavor to continue to work hard to promote the Hall as a safe community space. Trustees The Trustees who have acted throughout the period &re as stat¢d on Page l of these fIancial statements. Statement of Trustees Res Ollsibilities The Trustees are responsible for the preparation of Financial Ststements for each fmancial period which give a true and faii view of the SluS or deficit arising in th¢ period and of the asscts and liabilities of the Charity as at the end of the finaucial period. The Finaucid Statements are to be prepared on a going concern basis unless it is inappropriate to assume that the Ch&rity will continue in operation for at least 12 months following the period end date. The Trustees ar¢ r¢sponsible for the maintenance of proper accounting records which disclose with reasonable accuracy the fllLqncial position of the Clwity at any given time. They are responsible for safeguarding the assets of the Charity and for taking all necessary steps for the prevention or detection of fraud and other irregularities. Page 3
TORRENS MEMORIAL IL4LL ASSOCIATION YEAR ENDED 31 DECKMBKR 2024 Goin Concern The trnstees assess whether the use of going concem is appropriats i.e. whether there are any material uncertainties r¢lated to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make tbis assessment in respect of a period of on¢ y¢ar ftom the date of approval of the financial statenllts. The nature of funding is such that Trustees cannot b¢ certain that projected future funding will materialise. At the time of approving the accounts, despite financial challenges and following assessment the Trustees have a reasonable expectation that the charity Iw adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees colltinuc to adopt th¢ going concern basis of accounting in preparing th¢s¢ financial statements. ned on behalf of the Trustees: Dated: L u - Mandy Girvan (chalersOn) Shirley Orr ( ecretsryifr¢asurer) Datsd: £¥ . 7 ZO Page 4
TORRENS MEMORIAL HALL ASSOCDITION YEAR ENDED 31 DECEMBER 2024 Recei ts&Pa ments Account 2024 2024 2024 2025 Unrestricted Restricted Total Total Reeeipts: Room Hire 6,084 6,084 6,050 Grants - ANBC 3,840 9,924 11,640 Payments: General & Premises Ex enses Insurances ' 1,854 1,854 1,750 Repairs & Maintenance 3.474 3,474 2,546 Telephone & Jntemet 958 958 667 Light & Heat 1,106 1,106 2,835 Water Rates & Bins 302 302 287 Legal & Professional Fees 396 396 360 IT & Sofiware 700 700 oojn Hire Event Costs Licences (Deficit)/SuTplus for th¢ period BaEance Brought Forward 26,373 26,373 23,177 Balance CaTried Fonvard 27,508 27,508 Page 5
TORRENS MEMORIAL HALL ASSOCIATION YEAR ENDED 31 DECEMBER 2024 Statement of Assets & Liabilities Unrestricted Restricted Funds Funds Elldoivment Funds Total Funds 2024 Total Funds 2023 Funds Reconciliatlon Bank and Cash at start of year Net movement in fi]nds 26,373 1,135 26,373 1,135 23,177 3,196 Ballk and Cash at end of year 27,508 27,508 26,373 Bank & Cash Balance$ Bank Deposit Ac¢ounts Bank Curent Accounts Cash in H&nd 27,508 26,373 27,508 26,373 Other Assets Fixed Assets Liabilities ned on behalf of the Trustees: Dated: 24 - LS Mandy Girvan (Chairyierson) Shirley Orr Secretaryffreasurer) Dated: Z ¥, Page 6
TORIIENS MEMORIAL HALL ASSOCIATION YEAR ENDED 31 DECEMBER 2024 NOTES TO THI FINANCIAL STATEMENTS FOR THE YEAR EM)ED 31st DECEMBER 2024 I ACCOUNTING POLICIES 1.1 Basis ofpreparation As the total income of the association is less than £250,000 the trustees have elected in accordance with the provisions in The chltieS (Accounts and Reports Regulations (Northern Ireland) 2015 to prepare its accounts on a receipts and payments basis. 1.2 Fund accounting Incoming resources that may be applied for the Association's general puryoses are treated as 'unr¢stricted' incoming resources and are credited to the 'unrestricted funds,. Funding for purposes designated for a specific purpose by Council is credited to 'designated fLmds'. Where a donation OT Wt is required to be used for a specified purpose, the alllount concerned is treated as a 'restricted' incoming resource and is credited to the appropriate 'restricted fimd,. 1.3 Incoming resources All incoming resources are included in the statement of financial activities when the charity rec¢iv¢s the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular cat¢gories of income: Donatcd services and facilities are included at the value to the charity wher¢ this can be quantified. Investsn¢nt incomG is included when receivable. tncoming resources from grants, where related to perforllwice and specific deliverables, accounted for as the clwity earns the right to considerdtion by its perforniance. 1.4 Bank interest Bank interest is recognised as an incoming resource when it is credited to the bank statement. All bank intcrest is treated as unrestricted income to the Genernl Fund. 1.5 Resources Expended Exp¢nditure is recognised on an accrual basis as a liability is incurred. Exp¢nditure includes any VAT tl)at cannot be fully recovered, and is reported as part of the expenditure to which it relates. 1.6 Fiyed assets All items of capital expenditure below £1,000 are written off as incurred. Page 7
TORRENS MEMORIAL HALL ASSOCIATION YEAR EIYDED 31 DKCEMBER 2024 li INDEPEI¥DENT EXAMINER'S REPORT I report on the financial statements of the Torrens Memorial Hall Association for the year ¢nd¢d 31 st D¢c¢mber 2024. Respective responsibilities of trustees and illdependent examiner Touens M¢morial Hall Association's truste¢s are responsible for the preparation of the fancial statements in accordance with the ternis of the Cknties Act (Northern Ireland) 2008. Torr¢ns Memorial Hall Association's trustees consider that an audit is not required under section 65(2) (audit) of the Charities Act (Northern Ireland) 2008 for the year and that an independent ex&mination und¢r section 64(1) of the Charities Act (Northern Ir¢land) 2008 is required. It is my responsibility to: examine the accounts to state whethcT particular matters have come to my attention. Basis of Independent examiner's report My exaDJination was canied out under Section 65 of the Charities Act (Northern Ireland) 2008. An examillation includes a review of the accounting records kept by the Charity aud a comparison of the fllwicial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanatxons from the tte¢S concerning any such mattcrs. The procedures do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the financial stat¢m¢nts. Independent examiner's statement In the course of my examinatiOJL no matter has come to my attention: (l ) which gives me reasonable caus¢ to believe that in any mateiial respect the requirements: to keep proper accounting Tccords in accordance with Section 63 of the charities Act (Northern Ireland) 2008, and to prepare financial statements which accord with the accounting records in accordance with Section 64 of the Charities Act (North¢rn Ireland) 2008 have not been met. or (2) to wh%clL in my Opinio attention should be drawn in order to enable a proper understanding of the financial statements to be reached. S Hopper FCA Pattncr Hopper & Co Date: 24.09.2025 Page 8