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COMPANY REGISTRATION NUMBER: NI034527 CHARITY REGISTRATION NUMBER: NIC102915
Feeny Community Association Limited Company Limited by Guarantee Unaudited Financial Statements 31 March 2025
CLAREMOUNT Chartered accountants 1b Brookmount Crescent Omagh ' CoTyrone — BT78 5HG
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Feeny Community Association Limited Company Limited by Guarantee
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Financial Statements
Year ended 31 March 2025
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|Page|,|
|Trustees'|annual|report|(incorporating|the|director's|report)|1|
|Independent|examiner's|report|to|the trustees|3|
|Statement of financial|activities|(including income and|
|expenditureStatement ofaccount) financial|position|.|:|45|
|Notes to the financial|statements|-|6|
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Feeny Community Association Limited .
Company Limited by Guarantee Trustees' Annual Report:(Incorporating the Director's Report)
Year ended 31 March 2025
The trustees, who are also the directors for, the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2025.
Reference and administrative details
Registered charity name Feeny Community Association Limited
Charity registration number NIC 102915 Company registrationjnumber NI034527
Principal office and registered Unit 4 Feeny Village Centre office | Feeny Co Derty BT47 4FD The trustees -
A O'Brien S$ McLaughlin J Connolly . Company secretary A O'Brien independent examiner Mr Shaun McElhinney 1b Brookmount Crescent Omagh cf Co Tyrone BT78 5HG ©
Structure, governance and management
The organisation is a charitable company, limited by guarantee, incorporated on 20 July 1998. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.
The trustees of the charity, who are also directors, are detailed on page 1.
Objectives and activities
The charity operates a community development group.
Achievements and performance
The results for the year are contained in the financial statements.
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Financial review
- The organisation's level of income received increased by 32.6% from the previous year. The net assets of the organisation now stand at £361.
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Feeny Community Association Limited
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Company Limited by Guarantee
Trustees’ Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2025
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Small company provisions
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This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. .
The trustees’ annual report was approved on 25 June 2025 and signed on behalf of the board of trustees by: .
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A O'Brien i J Connolly tr Gus
Trustee 7 6 ~ Trustee
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| Feeny Community Association Limited - Company Limited by Guarantee Independent Examiner's Report to the Trustees of Feeny Community Association Limited
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Year ended 31 March 2025
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| report to the trustees on my examination of the financial statements of Feeny Community Association Limited (‘the charity’) for the year ended 31 March 2025.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of Charities Act (Northern freland) 2008 (the ‘2008 Act’) and the Companies Act 2006 (‘the 2006 Act).. You are satisfied that the accounts of the company are not required by charity or company law to be’ audited and have chosen instead to have an independent examination.
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | 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 | have followed the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the 2008 Act. , .
- independent examiner's statement .
| have completed my examination. | confirm that no matters have come to my attention in connection with my examination giving me cause to believe that.in any material respect:
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accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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_ the financial statements do not accord with those records; or
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_ the financial statements do not comply with the accounting requirements of section 396 of
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- the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial. Reporting Standard applicable in the UK and Republic of lreland (FRS 102).
| confirm that there are no other matters to which your attention should be drawn to enable a proper understan of the accounts to be reached.
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Mr Shaun McElhinne
Independent Examine :
1b Brookmount Crescent
Omagh
Co Tyrone
BT78 5HG
25 June 2025 ;
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Feeny Community Association Limited
_[Company][Limited][by][ Guarantee]
Statement of Financial Activities (including income and expenditure account)
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Year ended 31 March 2025
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|2025|2024|
|Unrestricted|Restricted|
|funds|funds|Totalfunds|Total|funds|
|Note|£|£|£|£|
|Income|and|endowments|:|
|Donations|and|legacies|5|31,778|11,440|43,218|32,600|
|Total|income|31,778|11,440|43,218|32,600|
|Expenditure|||
|Expenditure on|charitable|activities|6,7|38,562|11,440|50,001|56,589|
|Total expenditure|:|38,562|11,440|50,001|56,589|
|Net|expenditure and|net movement|in|
|funds|_|(6,784)|-|(6,783)|(23,989)|
|Reconciliation|of funds|;|
|Total:funds|brought forward|(8,395)|15,539|7,144|31,133|
|Total funds carried forward|(15,179)|15,539|360|7,144|
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The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 6 to 13 form part of these financial statements.
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Feeny Community Association Limited
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Company Limited by Guarantee
Statement of Financial Position
31 March 2025
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|2025|2024|
|,|Note|£|£|:|£|
|Fixed|assets|;|
|Tangible|fixed|assets|13|1,869|2,876|
|Current|assets||
|Debtors|_|||414|244|213|
|Cash|at bank and|in|hand|,|-|18,218|15,439|
|oo|18,462|.|15,652|
|Creditors:|amounts|falling|due within one year|15|19,970|11,384|
|Net current assets|(1,508)|4,268|
|Total assets less current liabilities|361|7,144|
|‘Net assets|361|7,144|
|Funds|of the|charity|;|
|Restricted|funds|15,539|15,539|
|Unrestricted|funds|(15,179)|(8,395)|
|Total|charity funds|oo|16|360|7,144|
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For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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e ‘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;
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e The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
These financial statements were approved by the board of trustees and authorised for issue on 25 June 2025, and are signed on behalf of the board by:
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ATrustee O'Brien f ~ . J Connolly Cr AD /
he C) t $3 Trustee iBm
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The notes on pages6 to 13 form part of these financial statements.
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Feeny Community Association Limited Company Limited by Guarantee
Notes to the Financial Statements Year ended 31 March 2025
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1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in N Ireland and a registered charity in Northern Ireland. The address of the registered office is Unit 4 Feeny Village Centre, Feeny, Co Derry, BT47 4FD.
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2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the 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) (Charities SORP (FRS 102)) and the Charities (Accounts and Reports) Regulations (Northern Iretand) 2015. Accounting policies ae . Basis of preparation — . , ~ The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. ; _
3. Accounting policies
_ Basis of preparation —
The financial statements are prepared in sterling, which is the functional currency of the entity.
- Going concern
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There are no material uncertainties about the charity's ability. to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. No judgements, accounting estimates or assumptions that have been made by management will have a significant effect on the amounts recognised in the financial statements.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
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Feeny Community Association Limited Company Limited by Guarantee Notes to the Financial Statements (continue Year ended 31 March 2025
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3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:.
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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_ © legacy income is recognised when receipt is probable and entitlement is established. e income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be‘ reliably measured. No amounts are included for the contribution of general volunteers.
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- income from contracts for the supply’ of seivices is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
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Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: ¢ expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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- e other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
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All costs are allocated to expenditure| categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets | , All fixed assets are initially recorded at cost.
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Feeny Community Association Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended31 March 2025 .
3. Accounting policies (continued)
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Depreciation , , Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Freehold property - 10% straight line Fixtures & fittings - 25% reducing balance Impairment of fixed assets . oe A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being. estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. . .
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimateis made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and genérates cash inflows that largely independent of the cash inflows from other assets or groups of assets. -
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. ,
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomesa party to the contractual provisions of the instrument. , Basic financial instruments are initially recognised at the amount receivable or payable including : any related transaction costs. :
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other:such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
- Feeny Community Association Limited Company Limited by Guarantee Notes to the Financial Statements (continueg)
: Year ended 31 March 2025
3. Accounting policies (continued)
Financial instruments (continued)
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.:
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
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4. Limited by guarantee
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The cornpany is limited by guarantee.
5. Donations and legacies
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| Unrestricted Funds |
Unrestricted Funds |
Restricted Total Funds Funds 2025 |
Restricted Total Funds Funds 2025 |
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| — | £ | £ | £ | ||||
| Donations | |||||||
| CausewayCoastsand GlensCouncil DFC Jobstart |
Council Graits , |
5,875 2,006 |
- 11,440 |
5,875 13,446 |
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| Donations WELB& Afterschool fees |
319 1,800 |
- - |
319 1,800 |
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| Destined Ltd | - | - | - | ||||
| Other Income | 1,238 | - | 1,238 | ||||
| Garfield Western | 3,668 | - | 3,668 | ||||
| Halifax Foundation | , | - | - | - | |||
| Community Foundation | - | - | - | ||||
| Charities Trust | - | - | ~ | ||||
| Foyle Foundation | , | 5,000 | ~ | 5,000 | |||
| Honourable Society | ‘ | 900 | - | 900 | |||
| SSE | 500 | _ | 500 | ||||
| DAERA | 472 | - | 472 | ||||
| Awards 4 Alll | 10,000 | - | 10,000 | ||||
| 31,778 | 11,440 | 43,218 |
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Feeny Community Association Limited . Company Limited by Guarantee
Notes to the Financial Statements (continue) Year ended31 March 2025
5. Donations and legacies (continued)
| Unrestricted | § | Restricted | Total Funds | Total Funds | |||||
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| Funds | , | Funds | 2024 | ||||||
| £ | £ | £ | |||||||
| Donations | ; | ||||||||
| CausewayCoasts and | Glens Council Grants | = | 6,500 | - | 6,500 | ||||
| DFC Jobstart | . | - | - | - | |||||
| Donations WELB& Afterschool fees |
a uo, |
. | 524 3,279 |
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524 3,279 |
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| Destined Ltd | . | 120 | - | 120 | |||||
| Other Income | 677 | - | 677 | ||||||
| Garfield Western | 15,000 | - | . | 15,000 | |||||
| Halifax Foundation | : | 4,000 | - | 4,000 | |||||
| Community Foundation | 2,000 | - | 2,000 | ||||||
| Charities Trust | : | 500 | - | 500 | |||||
| Foyle Foundation | - | - | - | ||||||
| Honourable Society | _ | os | - | - | - | ||||
| SSE DAERA Awards4 All |
SO | - - - |
~ - ~ |
_ - - |
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| 32,600 | - | 32,600 | |||||||
| 6. | Expenditure on charitable activities | byfund | type | ||||||
| - | Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2025 | |||||||
| , | £ | £ | £ | ||||||
| Costofraising donationsand legacies | 9,441 | ~ | 9,441 | ||||||
| Supportcosts | 29,121 | 11,440 | 40,560 | ||||||
| . | 38,562 | 11,440 | 50,001 | ||||||
| Unrestricted | Restricted | Total Funds | |||||||
| Funds | Funds | 2024 | |||||||
| £ | £ | £ | |||||||
| Cost of raising donations and legacies | 6,874 | - | 6,874 | ||||||
| Support costs | 49,715 | - | 49,715 | ||||||
| — | 56,589 | - | 56,589 | ||||||
| 7. | Expenditure on charitable activities | by activity type | |||||||
| Grantfunding ofactivities Support costs |
Totalfunds 2025 |
_—Total fund 2024 |
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| . | «£ | £ | £ | £ | |||||
| Costofraising donationsand legacies | 9,441 | - | 9,441 | 6,874 | |||||
| Governance costs | - | 40,560 | 40,560 | 49,715 | |||||
| 9,441 | 40,560 | 50,001 | 56,589 |
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Feeny Community Association Limited
Company Limited by Guarantee
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Notes to the Financial Statements (continued)
Year ended 31 March 2025
8. Analysis of grants
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|2025|2024|
|£|£|
|GrantsGrants|totoinstitutionsinstitutions|||.;|9,441|6,874|
|Total|grants|9,441|6,874|
|9.|Net expenditure|co|
|Net expenditure|is stated|after charging/(crediting):|
|2025|2024|
|£|£|
|Depreciation|of tangible|fixed|assets|1,007|21,689|
|10.|Independent examination|fees|
|||.|2025|2024|
|£|£|
|Fees|payable|to|the|independent examiner|for:|
|Independent|examination|of the financial|statements|1,075|1,025|
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|11.|Staff|costs|
|The|total|staff costs|and|employee|benefits|for the|reporting|period|are analysed|as follows:|
|2025|2024|
|£|£|
|Wages and|salaries|33,474|21,580|
|The|average|head|count|of employees|during|the|year was|2|(2024:|1).|The|average|number|of|
|full-time|equivalent employees|during|the year is analysed|as|follows:|
|2025|2024|
|No.|No.|
|Number of staff|2|1|
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No employee received employee benefits of more than £60,000 during the year (2024: Nil).
12. Trustee remuneration and expenses
There was no trustee remuneration paid during the year ended 31 March 2025.
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Feeny Community Association Limited
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Company Limited by Guarantee
Notes to the Financial Statements (continueg)
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Year ended 31 March 2025
13. Tangible fixed assets
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| Land and | Fixtures and | |||||||
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| buildings | fittings | Total | ||||||
| ; | . | £ | £ | £ | ||||
| Cost | ||||||||
| At 1 April 2024 and | 31 March | 2025 | 264,834 | 11,935 | 276,769 | |||
| Depreciation | . | |||||||
| At 1 April 2024 | 262,382 | 41,511 | 273,893 | |||||
| Charge for theyear | 900 | 107 | 1,007 | — | ||||
| At 31 March 2025 | 263,282 | 11,618 | 274,900 | |||||
| Carrying amount | ||||||||
| At31 March 2025 | . 1,552 | 317 | 1,869 | |||||
| At 31 March 2024 | ; | 2,452 | 424 | 2,876 | ||||
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| 14. | Debtors | . | ||||||
| 2025 | 2024 | |||||||
| £ | £ | |||||||
| Otherdebtors | 244 | 213 | ||||||
| 15. | Creditors: amounts falling duewithin | oneyear | ||||||
| 2025 | 2024 | |||||||
| , | £ | E | ||||||
| Bank loans and overdrafts | os | 230 | 189 | |||||
| Accruals and deferred income | 11,407 | 1,244 | ||||||
| Othercreditors | 7,458 | 8,871 | ||||||
| Other creditors | 875 | 1,080 | ||||||
| 19,970 | 11,384 |
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16. Analysis of charitable funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At | At | |||
| -{ April 2024 | Income | Expenditure31 March 2025 | ||
| £ | £ | £ | £ | |
| Generalfunds | (8,395) | 31,778 | (38,562) | (15,179) |
| At | At | |||
| 1 April 2023 | Income | Expenditure 31 March 2024 | ||
| £ | £ | £ | £ | |
| Generalfunds | 15,594 | 32,600 | (56,589) | (8,395) |
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Feeny Community. Association Limited Company Limited by Guarantee
Notes to the Financial Statements (continued) Year ended 31 March 2025
16. Analysis of charitable funds (continued)
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|---|---|---|---|---|---|---|---|
|Restricted|funds|
|At|At|
|1|April|2024|Income|Expenditure|31|March|2025|
|.|£|£|£|£|
|General|Funds|15,539|11,440|(11,440)|15,539|
|At|At|
|1|April 2023|Income|Expenditure|31|March 2024|
|OE|£|£|£|
|General|Funds|15,539|-|-|15,539|
|Analysis|of net assets assets|between funds funds|
|Unrestricted|Total|Funds|
|Funds|2025|
|E|£|
|Tangible|fixed|assets|1,869|1,869|
|Current|assets|18,462|18,462|
|Creditors|less than|1|year|(19,970)|(19,970)|
|Net|assets|364|361|
|Unrestricted|Total|Funds|
|Funds|2024|
|£|£|
|Tangible|fixed|assets|2,876|||2,876|
|Current|assets|15,652|15,652|
|Creditors|less|than|1|year|(11,384)|(11,384)|
|Net assets|;|7,144|7,144|
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- Analysis of net assets assets between funds funds
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