ids Charity Registration No. 102929 ¢hartered accountants MACOSQUIN VILLAGE COMMUNITY ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 IDS Chartered Accountants LLP 23125 Queen Street COLERAINE Co Londonderry BT52 1 BG
MACOSQUIN VILLAGE COMMUNITY ASSOCIATION ids chartered accountants CONTENTS Page Legal and administrative information Trustees, report Independent examiner's report Statement of financial activities Statement of financial position Notes to the financial statements
MACOSQUIN VILLAGE COMMUNITY ASSOCIATION ids chartered accountants LEGAL AND ADMINISTRATIVE INFORMATION Trustees J Craig R Millican N King D Nicholl K Mclntyre T Mccormick Mr M Kelly Mr J Hutchinson Mrs L McElwee (Appointed 12 July 2023} (Appointed 18 ALtgust 2023) Charity number 102929 Independent examiner IDS Chartered Accountants LLP 23125 Queen Street COLERAINE Co Londonderry BT52 1BG Bankers Danske Bank Donegall Square West BELFAST BT16JS
MACOSQUIN VILLAGE COMMUNITY ASSOCIATION ids chartered accountants TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 The Trustees present their annual report and financial statements for the year ended 31 March 2023. 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 constitution, the Charities Act {Northern Ireland) 2008 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 1021" las amended for accounting poriods commencing from 1 January 20161 Objectives and activltles To promote the health and wellbeing of tho inhabitants of the whole village, lo provide assistance, advice and to advanGe education to all people in the village. Our aim is to run yearly activities, i.e. fetes, classes, training and educational events. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what adivities the charity should undertake. A¢hlevements and performance The group held a summer fete, with over 900 people attending from all backgrounds. We continually run classes and courses on a monthly basis throughout the year. The classes encourage people to come together over the winter months and provide people with new skills and experiences, reducing the sense of isolation and alienation. Financial review The charity secured funding from Causeway Coast and Glens Borough Council to the sum of £3,749 and £1,515 from Northern Ireland Housing Executive. The charity would like to also Ihank Tesco for donating a grant of £1,125 to be spent on core costs. Structure, governance and management The charity is a Registered Charity, governed by a Constitution with day to day oversight by a management committee of local individuals. The Trustees who setved during Ihe year and up to the date of signature of the financial statements were.. G McGonigle (Resigned 17 July 2023) J Craig R Millican N King D Nicholl K Mclntyre T Mccormick W King Mr M Kelly Mr J Hutchinson Mrs L McElwee (Deceased 6 June 2023) (Appointed 12 July 20231 (Appointed 18 August 2023) None of the Trustees has any beneficial interest in the charity.
MACOSQUIN VILLAGE COMMUNITY ASSOCIATION ids chartered accountants TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 The Trustees, report was approved by the Board of Trustees. Trustee mvs L mcEIL4¥ 30AugLFSt 2023
MACOSQUIN VILLAGE COMMUNITY ASSOCIATION ids chartered accountants INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MACOSQUIN VILLAGE COMMUNITY ASSOCIATION I report to the Trustees on my examination of the financial statements of Macosquin Village Community Association (the charity) for the year ended 31 March 2023. Responslblllties and basis of report A5 the Trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act (Northern Ireland) 2008. I report in respect of my examination of the charity's financial slalemenls carried out under section 65 of the Charities Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 6919}Ib) of the Charities Act. Independent examiner's statement Your attention is drawn lo 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 1021 in preference to the Accounting and Reporting by Charities.. Stalement 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 GenerallyAccepled 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 63 of the Charities Act., or the financial statements do not accord with those records., or the financial statements do not comply with the applicabl& 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 iridependent examination. I have no concerns and have come across no other mallers in connection with the examination to which attention shou d be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Alison Wallace IDS Chartered Accountants LLP 23125 Queen Street COLERAINE Co Londonderry BT52 1 BG Dated.. 30 August 2023
MACOSQUIN VILLAGE COMMUNITY ASSOCIATION ids chartered accountants STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Unrestricted Restricted funds funds 2023 2023 Total Unrestricted Restricted funds funds 2022 2022 Total 2023 2022 Notes Income fr m. Donations and grants 500 6,389 6,889 5,078 3.220 8,298 Ex endi Charitable activities ur 1,876 5,962 7,838 3,178 1,328 4,506 Net lexpenditure)lincome for the yearl Net movement in funds (1,376) 427 (949> 1,900 1.892 3,792 Fund balances at 1 April 2022 2,015 1,892 3,907 115 115 Fund balances at 31 March 2023 639 2,319 2,958 2,015 1,892 3,907 The statement of financial activities includes all gains and losses recognised in the year.
MACOSQUIN VILLAGE COMMUNITY ASSOCIATION ids chartered accountants STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2023 2023 2022 Notes Current assets Cash al bank and in hand 2,958 3,907 Net current assets 2,958 3,907 Income funds Restricted funds Unrestricted funds 2,319 639 1,892 2,015 2,958 3,907 The financial statements were approved by the Trustees on 30 August 2023 Trustee Trustee / H i /*LrLWJ G. I L rYi-ClwY
MACOSQUIN VILLAGE COMMUNITY ASSOCIATION ids chartered accountants NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies Charity information Macosquin Village Community Association is an unincorporated charity. 1.1 Accountlng conventlon These accounts have been prepared on a receipts and payments basis in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102"), "Accounting and Reporting by Charities" the Statement of Recommended Practice for charities applying FRS 102, the Charities Act {Northern Ireland) 2008 and UK Generally Accepted Accounting Practice as il applies from 1 January 2015. The charity is a Public Benefit Entity as defined by FRS 102. 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 The Trustees have a reasonable expectation that the charity has adequate resources 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 Trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors 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. 1.4 Incoming resources Income is recognised when it has been received by the charity, as the financial statement5 are prepared on a receipts and payments basis. 1.5 Resources expended Expenditure is recognised when il has been paid by the charity, as the financial 5talements are prepared on a receipts and payments basis. Donations and grants Unrestricted Restrlcted funds funds Total Unrestrlcted Restrlcted funds funds Total 2023 2023 2023 2022 2022 2022 Grants receivable 500 6.389 6,889 5,078 3.220 8,298
MACOSQUIN VILLAGE COMMUNITY ASSOCIATION ids chartered accountants NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Donations and grants (Continued) Grants receivable for core activities Causeway Coast & Glens Council Amold Clarke Fund Ulster Community Foundation Foyle Foundation London Housing Executive Tesco Community Macosquin School 3,749 3,749 1,878 720 2,500 2,598 2,500 2,000 2,000 1,200 1,200 1,515 1,125 1,515 1,125 500 500 500 6,389 6,889 5,078 3,220 8,298 Charltable actlvltles 2023 2022 Rent and insurance Bank fees Cleaning Entertainmenuevents Telephone, advertising, postage and stationery Training Computer Equipment Food expenses 756 36 150 4,647 445 745 27 1,024 728 30 578 1,164 831 673 7,538 4,296 Share of governance costs (see note 41 300 210 7,838 4,506 Analysis by fund Unrestricted funds Restricted funds 1.876 5,962 3,178 1,328 7,838 4,506
MACOSQUIN VILLAGE COMMUNITY ASSOCIATION ids chartered accountants NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Support costs Support Governance costs costs 2023 2022 Accountancy 300 300 210 300 300 210 Analysed between Charitable activities 300 300 210 Trustees In the current year, expenses lotalling £555 were reimbursed to 4 Trustees. £1,227 was reimbursed to 4 trustees in the previous year. Taxation The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Acl 1992 to the extent that these are applied to 115 charitable objects. Analysis of net assets between funds Unrestricted Restricted funds funds 2023 2023 Total Unrestricted Restricted funds funds 2022 2022 Total 2023 2022 Fund balances al 31 March 2023 are represented by.. Current asselsllliabililiesl 639 2,319 2,958 2,015 1,892 3,907 639 2,319 2,958 2,015 1,892 3,907 Related party transactions There were no disclosable related party transactions during the year (2022 none).