COhlPANY REGISTRATION NUMBER.. N1044042 CHARifY REGISTRATION NUMBER. NIC103077 Brackaghreilly and District Community Association Lirnited Company Limited by Guarantee Unaudited Financial Statements 30 September 2021 PFS ACCOUNTANTS AND AUDITORS LTD Chartered Certified Accountants 122 Main Street Dungiven Co Derry BT47 4LG llWWI • J8?BHILO" JM 1125 COMPAMES HOUSE Brackaghreilly and District Community Association Limited Company Limlted by Guarantee Financial Staternents Year ended 30 September 2021 Page Trustees. annual report {in¢orporating the directorfs report) Chartered Certified accountsnts report to the board of truslees on the preparation of the unaudited slatulory financial slalements Staternent of financial activities (including income and expenditure account) statement of financial posilion Noles to the financial statements The followlng pages do not fom part of the financial statements Detailed statement of financial activites 14 Notes lo the detailed statement of financial activrties 15 Brackaghreilly and District Community Association Limited Company Limited by Guarantee Trustees, Annual Report {Incorporating the Di￿¢t0￿$ Report) Y•ar ended 30 September 2021 The trustees. who are èlsts the directors the wrposes ol eompany law. present their tsport and the unaudsted financ￿1 ststemenls of the charity for the year ended 30 Septerrthr 2021. Reference and admini5trativ• details Registered charity name Brackaghreilty and 01str￿1 Community A55ocialion Limrted Charity registration number NIC103077 Company regi$traUon number N1044042 Principal office ond re9iStered 2 Ranaghan Lane offlce Ma9hera 8T46 5JZ CoDe The trustees Mr Peler McKenna Mr Francis Donnelty Mr Danny Gallagher Mr Frank McKai9ue Mr Hugh McKenna Accountsnts PFS Accounlanls and auditors Lld Chartered Certilied Accountants 122 Main Street Dun9iven Co Derry BT47 4LG Structure. governance and fflanagement The company was incorporate(l on S September 2002 and was esloblished under a Memorandum of Associalion which establishes Ihe objects and of the company and is governed under the Articles of AssocIal￿)n. The company currenlty has five direciors who mana9e it. Objectives and aeti¥iti•s The objecls ol Ihe Company is 10 promote ihe benefit of ihe inhabitants of the area of 8raekaghreilly and ils environs (the "area of benefit.) wlhoyl distinctw of sex. race or politKal, religious or other opinrons by associaling With Ihe stalulory authorit￿s. voluntary organisations and inhabilanls in a common effort to relieve poverty. advance educalion, preserve and protect health and provide facilities in the interests of sockAI Welfa￿ for fecrealv)n and olhei leisure time occupations with the object of improving the conditions ol lrfe for the sawj inh8bilanls. Brackaghreilly and District Community Association Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (Cott￿.￿ Year ended 30 September 2021 Achievements and performance During Ihe year end8d 30 SeF>lember 2021 the company raised £2.420 from a draw that was held. Each year the eompAny ains to raise enwsh funds lo cover its overheads. Flnanclal review During Ihtr yeai ended 30 Septen*er 2021 the company mad8 a n81 sttrrplus of £46312020'.£4141. Small cofflpany provisions Thrs report has be8n p￿pa￿d in accord4rte w*h the pTovi5w)ns applvbkn to compan￿5 entitled to the small companies eXeMp￿fi. The Iruslèes. annual ￿pOrt wras approved on 22 June 2022 and signed on behall of the board of Iruslee$ by. Mr Peter McKenna Truslee Brackaghreilly and District Community Association Limited Company Limited by Guarantee Chartered Certified Accountants Rèport to the Board of Trustees on the PrepaTation of the Unaudited Statutory Financial Statements of Biackaghreilly and District Community Association Limited Year ended 30 September 2021 As describe(l on the slalemenl of financial position. the Iruslee5 of the charity are responsible for the prepaialion of the financial Stateff￿nlS for the year ended 30 SepleTnber 2021. which comprise Ihe staiemenl of financial activrtie5 lincluthng irbcome expertdrture aecouni}. slalerr*nt of financial posilion and the related note5. You consider that Ihe charity is exempt from an audil under the Cornpan￿ A¢1 2006. In arGordancE with your inslnjciions we have ￿mPl￿ Ihese financial statements in order to assist you lo fvifil your statutory responsffoilitbes. from the accounij.ng records and from information and explanat￿n$ Sup￿1&d lo us. PFS ACCOUNTANTS AND AUDITORS LTD Chartered Certrfied Accountants 122 Main Stre Oungiven Co Oerry BT47 4LG 22 June 2022 Brackaghreilly and District Community Association Limited Company Limited by Guarantee Staternent of Financial Activlties (including income and expenditure account) Year ended 30 September 2021 2021 Uniestricled funds Totsl fvnds Tolal fvnds 2￿20 Income and endowments Oonations and kgacies Gharilable acti¥il*S 2.420 2,420 1.000 3.660 Total income 2,420 2.420 4,660 Expenditure Expendilure on charitabje activilies Total expènditure 2.883 2.883 4.246 4,246 2,883 2,883 Net ItxpendilureVin¢ome and net movement in funds 1463) 1463) 414 Reconclllallon of funds Total funds br¢wght lonvard Total funds carwied forward 137.443 137,443 137.029 136,980 136.980 137,443 Thè stalemenl ol financial activitw includes all gains and Sosses wnised in the year. All incorne and expendilure derr4e fiLMm conlinuing aclNities. The not•s on pageg 6 to 12 fomi part ol thes• financial sl•lernents. Brackaghreilly and District Cornmunity Association Limited Company Limited by Guarantee Statement of Financial Position 30 September 2021 2021 2020 Not• Fixed assets Tangible fixed assets 13 136.939 136.957 Current assets Cash al bank and in hand 1.086 Creditors." amounts falling due within one year Net current assets 14 1.045 675 41 Total asset$ less current liabilities 136.980 137,443 Nel assets 136,980 137.443 Funds of the charity Unrestricted lunds 136.980 137.443 Total charity lundg 15 136.980 137.443 Foi the year ending 30 September 2021 the charity was entitled to exemption frcm audil under section 477 01 the Companies Ad 20C6 relal¥ig to small conynies. Difectors, responsibilitses= The members have noi Nw(ed the company to obtain an audit of its finanu81 statements for the year in questv)n in accordance with se￿10n 476" The directots acknowledge their responsikn"lities for comptying with the requirements of thé A with respecl to Kcouniing records and Ihe preparation of financial statements. Thes8 financial statements have been prepared in accordance with the w¢>visions appI￿able lo companies sut4.eer to the small compan*s' regime. These financial statements were approved by Ihe bo¥d of InJslee5 and aulhori$ed ts issue on 22 June 2022, and are stgned on behalf of the t*Mrd by-. Mr Peter McKenna Trustee The notes on pages 6 10 12 foTh part of these financ4al slaiements. Brackaghreilly and District Community Association Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 30 September 2021 G&n8rn1 information The charTIy is a wblic benefft enlty and a prhvale company limited by guarantee, registe￿d in Northern 1￿18ftd and a registered chanty in Northem loland. The address of the registared office is 2 Ranaghan Lane. Magherè, 8T46 SJZ. Co Oerry. Stat•mènt of Compliance These financial siatements have been prèpa￿￿ In compliance wrth FRS 102, 'The Financial Reporting Standard applicable in the UK and the RepublK of Ireknd,. the Statement of Recommended praCt￿e ap￿}cab￿ lo charitiès preparing their accounts in accordancg Wlth the Financial Reporting Standard appI￿abl￿ in the UK and Republ￿ of Ireland {FRS 102) {Charities SORP IFRS 102)) and Ihe Compan*sAcl 2006. A¢¢ountiny policies Basls of preparation The financial statements have been prePa￿d on the historical cost basis. as modified by the revaluation ol certain financial as$el$ and liabililies and investment properttes rr*asured al fair value through income or 8xpendituie. The financial slatements are prepared in sterling, wh¢h is the fune1￿*nal currency ol the entity. Go￿9 concern Theie are no ff4terial uncertainties about the chanty's abilty to eontuiue. Judgements and key sourees ol estimation uncèrtainty The preparation of the finaneial slatements requires management lo make judgements. estimates and assumplions that affect the amounts reported. These eslinales and Ivdgements are continually reviewed and are based on exp?rience and other factors. induding expeclalh?ns of lulure 8vent$ that are believed lo be reasonable under Ihe ¢ir¢umslances. Fund accounllng Unrestricted funds a￿ avaiLHble for use al ¢JscretrJn of the trustees lo fvrther any of the ¢hArily's purposes. Designated funds are unreslitred funds eamtsthed by the trustees for part￿v￿gr futufe project or commilmenl. Reslricled funds are suk'ecled to restriction5 on their expenditure declared by Ihe donor or through Ihe lerms of an appeal. and fatj hnlo one of ￿ subxls is measured at the fair value of the good5 un￿SS thi5 1$ impractical lo measure reliabty. in wh￿h case the value is derived fTom the cost to the donor or the eslwnaled resale value. Oonate(I facilities and ser¥￿eS are recognised in the accounts when received rf the value can be reliably measu￿. No amounts a￿ included for the contribulton of ￿fieral volLMtews. income from contracts for the supply of seNices is rec(xJnised with the delivery ol the ontracted ser4te. This is dassif￿d as unre$l￿ted funds unless there is a confradual requ1￿Ment for il lo be Spent on a part￿lar pvwse and ￿turned il unspent. in which case r( may be regarded as re￿rided. Rèsouices expended EXpendbtU￿ is re￿9ntsed on an accruals basi$ as a liability is incurred. Expend((U￿ indvdes any VAT which cannol be fvlly recovered. and is das51￿ under headiTr3$ of Ihe 5talernenl cf financial activities to il relales. expendilure on raisMIg funds I￿￿deS the costs of 8Jl fundrasing activrttes. evenis, non-charitable trading actr¥ities. and Ihe sa* of donated goods. expendhiufe ort eh*liab￿ aciNilies incluÉles all cosls incuffed by a eharity in undertaking activilies thai fvrfher ils Charitab￿ aims lor the benefrt of lis benef¢clar￿s. includirrfj those support cosl5 and cosls ielaling lo the governance of Ihe charty apportigned lo chafitab activrt*s. olhef expenditu￿ indudes all expenditu￿ that is neither ￿lated to raisiThJ funds for Ihe charily nor part of its expenditure on chantable aclNities. All cosls are allocaled to expenditure categofies reflecling the use ol the resouice. Oirect cosls attributable lo 8 single activty are alk*aled diiectty 10 that 3ctNty. Shared costs are apportiorted between Ihe aclivilies Ihey contrilmjte to on a reasonab￿. ju*rfRble and consistent basis. Tangible assets Tangible assets are initialty rtcorded al cost. and subsequenlty slated * cosl less ary accumulated ¢jep￿Ck￿lIon and impairment losses. Any langibk assels Gartied al revalued amounls are fecordeo al the value al the dale of fevalualion less any subsequent accumulated 1jepreeiat￿ln and subsequent a¢cun￿lated impaimienl losses. Brackaghreilly and District Community Association Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 30 September 2021 Accounting policies {£ontlnu•¢ Tangible assets (¢onlhitsed) An increase in the carrying anKrtJnt ol an asset as a fesutt of a revalu*k)n, is ￿COgnISed in other recognised gains and losses. Un￿55 rt reverses a charge lor ￿￿palm7enI that has P￿vIOuSlY been recognised as expendrture wifhiD the slatement of financial xlivities. A ￿e¢￿ase in the c8rrytng amount of an assel as a ￿sU11 of ￿valuat￿n. is reC￿nISed in other rec(¥Jnised gains arK8 losses. except to which il offsets any prevKJus revaluation gain. in which case Ihe loss is shovm wrthin Olhef iecognised gains and Irjsses on the slalement of fjnancial actNilies. Depreciation Depreciat￿n is calculated so as lo wrile off the cost or vahJatI￿ ol an asset. ￿$5 ils resbjual value, over the useful economic lrfe of that asset as follows.. Fixtures and r￿Ing$ stra￿t line Impaimient of Ilxed assets A review lor Ind￿lor5 ol impaiimenl is carried out at each reporting dale. with the ￿0Verable amount being estimated where such irtdicators exist. Where the carrying value exceeds the coverable amounl. the asset is ifflpaired accordingty. Prnr impainienls a￿ also ￿¥￿ed for possible rÈversal at each rep)￿"n9 date. For the purposes of I￿￿al￿nent testirKJ. when il is not posstble lo eslwnate the recoverable anKJunl of an individual asset. an estimate 15 made of the recoverable amount of the cash-yeneraling unil lo whth the a$set bek)ng5. The cash4Jeneraling unil is the smalle51 hdenlifHble gwE)up of a55ets that includes Ihe asset and generates cash infiow5 that largely independent of the cash inlkn¥s from ¢Xher assets or groups ol assets. Foi impairment le51ing of good￿"11. the goothwll acquI￿d in a business combination is. from Ihe acquisition dale. alkxaled lo each ol the cash-9eneraling untts Ihal a￿ expecled lo benefit from the synergies of the CL%nbination. iffespective of whether olher assels or liabililÉes of the charity ale asS￿ned to those units. Financial instruments A finanual asset or a financBI liabilty is ￿OgniSed onty when the charity becomes a party to the conlraGtual w0vis￿n5 of the Ir￿trument. Basic financial inslrumènts We inilialty recogrti5ed al the amount receivable or payable including any related transaclion costs. Cuirent assets an¢J current Irdbililies a￿ subsequenlty measured al the cash or olhef eonsKleiation expetted lo be pa￿ or received and not discounled. Debt inslNmenls ale 5vb5equenlty measured al arn￿ti￿ cost. Brackaghreilly and District Community Association Limited Company Limited by Guarantee Notes to the Financial Statements {continue4 Year ended 30 September 2021 Ac¢ountlng pollcies (¢ontinu¢rfJ Financial instruments (¢ontrnue&) Where inveslments in shares are pUbl￿ty traded or their fair value can olherw6e be MeasU￿d Ik?bly, the investment is $ubsequenlty measured al lair value with Changes in fair valve cognised in income and expen￿rtu￿. Ml other such investments a￿ Subsequently measufed al osl less impaim)ent. Oiher financial inslrumenls. induding d8rNaiives, are initially reco3nised al lair value, unless payment for an asset is deferred beyond normal business temis or financed al a rale of interest that is not 8 market rate. in whth case the asset is measured at the present value of the future payments discounted at a market rale ol interest for a similar debl instrument. O¢her financial instruments are subsequentty measurtd al fair Value, any changes recognised in the slalemenl of financial aclivlies. with the exceplKJn of hedgng instruments in a designated hedging ￿latIONShIp. Financial assets that are measured at cosl or amortised cosl are reV￿wed for objective evidence of impairment al Ihe end of each reporting date. If the￿ bs obiectNe evidence of impairnient, an impairmenl kjss is recogni5ed under the approFrfkale heading in the stalement oi financral activities in wh￿h the initial gain wa5 reco9ni5ed. For all equty instruments regardless of sbjnifunce, and other financial assets that * intjividually signif¢cant. these are assessed indbvhlually for impairffenl. Other financial assets are elher assessed indNKlualty or grDuped on the basi5 of *milar G￿(11 risk characterislK5. Any reversa15 of impairment are recognised immediately. lo the e¥tenl Ihal the ￿Versal doe5 not result in a carryin9 amouni ol the ftnancial asset thal exce￿5 what the carrying amounl would have been had the impairment not previousty been reeo9nised. Limited by guarantee The company has no share caiylal and is a company limrted by guarantee. Donations and legacies unrests￿le￿ Funds Restricted ToLI1 Funds Funds 2021 Donatlons Draw mney 2.420 2.420 2.420 2.420 Brackaghreilly and District Community Association Limited Company Lirnited by Guarantee Notes to the Financial Stalernents (tofrtinued) Year ond•d 30 September 2021 Donations and legacies (con*nv¥O) Unrestricted Reslrided Total Funds Funds Funds 2020 Granis MUDC 1,000 1.000 Charitable aclivities Unrestricted Tolal Funds Lknreslricted Totsl Funds Funds 2021 Funds 2020 Hire of hall and card nights 3.660 Expenditure on charitable a¢ti¥iti•S by fund typ? unreStr￿ted Funds Reslrthd Total Funds Funds 2021 Overheads 2,883 2.883 Unre51rded Funds R8$tricled Tolal Funds Funds 2020 Overheads 3,246 1,000 4.246 Expendlture on charitsblt activilies by actl¥ity type AclNrties undertaken Total funds di￿¢tty 2021 Total lund 2020 charl1*)￿ actNilies 2,8B3 2,883 4.246 Nèt lèxpènditure)f•n¢ome Nel {expenditure)rir￿rne is staled after ch8rgingl(credth"ngl'. 2021 2020 Deprecial￿ft of tangible r￿ed assets 18 30 10 Brackaghreilly and District Community Association Limited Company Limited by Guarantee Notes to the Financial Statements {conWnu•dJ Year ended 30 September 2021 10. Independent examination fees 2021 2020 Fees payable to ihe independent examiner for. Independent examinalion af the financial slalements 278 528 11. Staff costs The averagp head count of employees during the year was Nil12020.' Nill. No eM￿oyee reGeNed employee benefits of more than £60.000 during Ihe year {2020- Nil). 12. Trustee remuneration and expenses None of the tfuslees recerved remunerath)n during Ihe year ended 30 September 2021. 13. Tangible fixed assets Freeh¢ld Fixtures and operty fiitings Total Cost At 1 October 2020 and 30 September 2021 Depreciation At 1 October 2020 Charge for the year At 30 September 2021 Cawrying amount AI 30 September 2021 At 30 September 2020 207.131 16,483 223.614 70.265 16.392 86.657 70,26S 16,410 86,675 136,866 73 136.939 136.866 91 136.957 14. Creditors: amotsnts falling due within ¢)De year 2021 2020 T12de creditors Accruals and deferred income her ¢redV¢ors 415 390 240 675 1,045 675 Brackaghreilly and District Community Association Limited Company Limited by Guarantee Notes to the Financial Statements (conlNnuedJ Year ended 30 September 2021 15. Anatysis of chifltable funds Unrèstricled funds Al l October 202 At 30 Septembe r 2021 Int4)ff* Expendilufe General funds 137.443 2.420 12.883) 136.980 Al l October 201 At 30 Seplernber 2020 Income Expendilufe General fund5 137.029 3.660 13,246) 137,443 16. Analysis of net assets between lunds ithreslricted Total Funds Fund5 2021 Tangible fixed assets Current assets Creditois less Ihan 1 year Net assets 136,939 1.086 11,045) 136.980 136.939 1.086 11.0451 136.980 lthrestricle(l Total Funds Furtds 2020 Tan9ibl& fued assets Current assets Crelilors less Ih8n 1 year Net assets 136,957 1,161 (6751 137.443 136,957 1.161 {675) 137,443 12 Brackaghreilly and District Community Association Lirnited Company Limited by Guarantee Management Information Year ended 30 September 2021 Thè follt)wing p•ges do not fom) part ol the financial statemenls. 13 Brackaghreilly and District Community Association Limited Company Limited by Guarantee Detailed Statement of Financial Activities Y•ar ended 30 S•ptember 2021 2021 2020 Income and endowment$ Donations and legacies Draw mon*s MUOC 2.420 i.ooo 1.000 2.420 Charitable activities Hire of hall and ard nights 3.660 Total income 2,420 4,660 Expgnditure Expenditure on charitable actl4Tlties Raies and water Lighl and heal Repairs and mainlenanee Insurance Other Dffice costs Depreciation Accountartcy Bank Charges 234 1,467 288 1.459 460 1.519 221 17 278 31 624 143 2.883 4,246 Total expenditure 2.883 4,246 Net lexpenditureyincome 14631 414 14 Brackaghreilly and District Community Association Lirnited Company Limlted by Guarantee Notes to the Detailed Statement of FinanGial Activities Year ended 30 September 2021 2021 2020 Expendlture on charitablè ictivitles Activity type 1 Activities undertak•n diYe¢ty Rates & water Light & heal Repairs & maintenance Insurance Olher ¢)ffice costs Dep￿CIall0n Accountancy Bank charges 234 1,467 288 1.459 460 1,519 221 31 624 143 278 2.883 4.246 Expendilure on charitsble activities 2,883 4,246 15