COMPANY REGISTRATION NUMBER.. N135768 CHARITY REGISTRATION NUMBER: NIC103094 Benedy Community Association Limited Company Limited by Guarantee Unaudited Financial Statements 31 March 2024 PFS ACCOUNTANTS AND AUDITORS LTD Chartered Certified Accountants 122 Main Street Dungiven Co Derry BT47 4LG Benedy Community Association Limited Company Limited by Guarantee Financial Ststements Year ended 31 March 2024 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the Trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements Benedy Community Association Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 March 2024 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 2024. Reference and administrative details Registered charity name Charity registration number Benedy Community Association Limited NIC103094 Company registration number N135768 Principal office and registered 72 Corrick Road office Dungiven Co Derry BT47 4SG The directors Cormac Mccloskey Sabina O'Kane Sean O'Kane Independent examiner PFS Accountants and Auditors Ltd 122 Main Street Dungiven Co Derry BT47 4LG Structure, governance and management Benedy Community Association Limited is a company limited by guarantee and accepted as charitable by HMRC. The company was incorporated on 5 March 1999.The company was established under a Memorandum of Association which established the objects and powers of the company and is governed by its Articles of Association. The board consists of the three directors. Objectives and activities Benedy Community Association's purpose is to help relieve poverty, sickness and the aged and to promote the benefit of the inhabitants of the Benedy area of Co. Dery and its environs (hereinafter described as "the area of benefit") without distinction of age, sex, race, political, religious or other opinion, by associating the statutory authorities, voluntary organisations and inhabitants in a common effort to advance education, and to provide facilities in the interests of social welfare for recreation or other leisure-time occupation, with the object of improving the conditions of life for the said inhabitants. Financial review During the year the company made a net loss of £5,305, this is shown on page 5 to the accounts. The company replaced the roof on the hall at a cost of £11,430 during the year. It also refurbished the kitchen at a cost of £3,000. Benedy Community Association Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2024 Small company provisions 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 9 August 2024 and signed on behalf of the board of trustees by= Sabina O'Kane Benedy Community Association Limited Company Limited by Guarantee Independent Examiner's Report to the Trustees of Benedy Community Association Limited Year ended 31 March 2024 report to the Trustees on my examination of the financial statements of Benedy Community Association Limited {'the charity,) for the year ended 31 March 2024. 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 Ireland) 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 charty 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, I 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 I 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 I have completed my examination. I confirm that no matters have come to my attention in connection with my 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 386 of the 2006 Act., or the financial statements do not accord with those records., or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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., or 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 Ireland (FRS 102). Benedy Community Association Limited Company Limited by Guarantee Independent Examiner's Report to the Trustees of Benedy Community Association Limited (continued) Year ended 31 March 2024 I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. QI AcaJ J fkilLL LJL PFS Accountants and Auditors Ltd Independent Examiner 122 Main Street Dungiven Co Derry BT47 4LG 9 August 2024 Benedy Community Association Limited Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2024 2024 Restricted funds Total funds Total funds 2023 Unrestricted funds Note Income and endowments Donations and legacies Investment income Other income 26,662 23,525 50,187 56,129 28 382 382 Total income 27,078 23,525 50,603 56,157 Expenditure Expenditure on charitable activities Other expenditure Total expenditure 30,037 2,200 23,671 53,708 2,200 55,908 54,971 7,000 32,237 23,671 61,971 Net expenditure and net movement in funds (5,159) (146) (5,305) (5,814) Reconciliation of funds Total funds brought forward Total funds carried forward 24,734 62,360 87,094 92,908 19,575 62,214 81,789 87,094 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 7 to Emrl Bookmark not defined. fomi part of these financial statements. Benedy Community Association Limited Company Limited by Guarantee Statement of Financial Position 31 March 2024 2024 2023 Note Fixed assets Tangible fixed assets 15 62,208 73,819 Current assets Debtors Cash at bank and in hand 16 1,203 12,972 20,674 20,674 14,175 Creditors: amounts falling due within one year Net current assets 17 1,093 900 19,581 13,275 Total assets less current liabilities Net assets 81,789 81,789 87,094 87,094 Funds of the charity Restricted funds Unrestricted funds 62,214 19,575 81,789 62,360 24,734 Total chartty funds 18 87,094 For the year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. irectors, responsibilities= 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., 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 accordan￿ 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 9 August 2024, and are signed on behalf of the board by: Sabina O'Kane The notes on pages 7 to Errorl Bookmark not defined. forni part of these financial statements. Benedy Community Association Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 General infomlation The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charty in Northern Ireland. The address of the registered office is 72 Corrick Road, Dungiven, Co Derry, BT47 4SG. 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 10211 and the Companies Act 2006. Accounting policies 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. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern 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. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted fvnds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub