REGISTERED COMPANY NUMBER: NI029084 (Northern Ireland) REGISTERED CHARITY NUMBER: NIC103136
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
FOR
BERAGH CARE AND DEVELOPMENT ASSOCIATION LIMITED
McAleer Jackson Ltd Chartered Accountants & Chartered Tax Advisers Church House 24 Dublin Road OMAGH Co. Tyrone BT78 1HE
BERAGH CARE AND DEVELOPMENT ASSOCIATION
LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 to 6 |
| Notes to the Financial Statements | 7 to 13 |
| Detailed Statement of Financial Activities | 14 |
BERAGH CARE AND DEVELOPMENT ASSOCIATION LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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 102) (effective 1 January 2019).
Beragh Care and Development Limited (BCDA Ltd) operate from freehold premises at Main Street Beragh. The site extends to approximately one acre and a community garden is also maintained by the group.
BCDA Ltd premises consist of 2 flats, a barber shop and a former shop space now occupied by Camowen Smart Kids also a charity. Upstairs we have two offices let to the District Team which consists of upwards of 6 nurses. The main community hall hosts two days per week the Care in the Community Nursing Team who cater and treat fifteen to twenty clients per day. Alcoholics Anonymous meet once per week as does Age Concern which provides meals and support for the local elderly. The organisation is cross community and different art classes along with farmers meetings are held as well as birthday parties etc.
Accounts to 31 March 2023 show income of £44,722 (£25,627 - 2022) and a surplus of £8,704 (£8,250 surplus - 2022) was made after depreciation of £2,635. Cash at bank increased to £30,804 and net assets are shown at £56,731 excluding the property.
During the year ended 31 March 2023 a grant of £5,000 was received from the Tyrone 3 Community Benefit Fund in relation to Energy Efficient Lighting. This grant is being held as deferred income until the relevant expenditure is incurred.
Our main objective is still to update our heating system in the main hall.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
NI029084 (Northern Ireland)
Registered Charity number
NIC103136
Registered office
The Cornerstone 34 Main Street Beragh Tyrone BT79 0TA
Trustees
F Farley Gerald McAleer (appointed 23.3.23) K McFarland (appointed 23.3.23) D Donnelly (appointed 23.3.23) L A Kneale (appointed 23.3.23)
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BERAGH CARE AND DEVELOPMENT ASSOCIATION LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
REFERENCE AND ADMINISTRATIVE DETAILS Company Secretary F Farley
Independent Examiner
McAleer Jackson Ltd Chartered Accountants & Chartered Tax Advisers Church House 24 Dublin Road OMAGH Co. Tyrone BT78 1HE
Approved by order of the board of trustees on 13 December 2023 and signed on its behalf by:
F FARLEY
………………………………………
F Farley - Secretary
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BERAGH CARE AND DEVELOPMENT ASSOCIATION LIMITED
I report on the accounts of the company for the year ended 31 March 2023, which are set out on pages four to thirteen.
Respective responsibilities of charity trustees and examiner
As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under Section 65 of the Charities Act
-
follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act
-
state whether particular matters have come to my attention.
Basis of the independent examiner's report
I have examined your charity accounts as required under Section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.
My role is to state whether any material matters have come to my attention giving me cause to believe:
-
That accounting records were not kept in accordance with Section 386 of the Companies Act 2006
-
That the accounts do not accord with those accounting records
-
That the accounts do not comply with the accounting requirements of Section 396 of the Companies Act 2006 and with the methods and principles of the 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
-
That there is further information needed for a proper understanding of the accounts to be reached.
Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.
MICHAEL BARNETT
………………………………………
MICHAEL BARNETT
McAleer Jackson Ltd Chartered Accountants & Chartered Tax Advisers Church House 24 Dublin Road OMAGH Co. Tyrone BT78 1HE
13 December 2023
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BERAGH CARE AND DEVELOPMENT ASSOCIATION LIMITED
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023
| Unrestricted Restricted fund fund Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 21,113 1,511 Other trading activities 2 22,098 - Total 43,211 1,511 EXPENDITURE ON Charitable activities Governance cost 1,425 - Charitable activities 34,167 426 Total 35,592 426 NET INCOME 7,619 1,085 Transfers between funds 12 2,172 (2,172) Net movement in funds 9,791 (1,087) RECONCILIATION OF FUNDS Total funds brought forward 46,940 1,087 TOTAL FUNDS CARRIED FORWARD 56,731 - |
2023 Total funds £ 22,624 22,098 44,722 1,425 34,593 36,018 8,704 - 8,704 48,027 **56,731 ** |
2022 Total funds £ 5,230 20,397 25,627 1,355 16,022 17,377 8,250 - 8,250 39,777 48,027 |
|---|---|---|
The notes form part of these financial statements
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BERAGH CARE AND DEVELOPMENT ASSOCIATION LIMITED
BALANCE SHEET
31 MARCH 2023
| Notes FIXED ASSETS Tangible assets 7 CURRENT ASSETS Debtors 8 Cash at bank and in hand CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES ACCRUALS AND DEFERRED INCOME 10 NET ASSETS FUNDS 12 Unrestricted funds Restricted funds TOTAL FUNDS |
2023 £ 38,890 1,451 30,804 32,255 (5,454) 26,801 65,691 (8,960) 56,731 56,731 - **56,731 ** |
2022 £ 29,774 1,698 29,521 31,219 (7,686) 23,533 53,307 (5,280) 48,027 46,940 1,087 48,027 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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continued...
BERAGH CARE AND DEVELOPMENT ASSOCIATION
LIMITED
BALANCE SHEET - continued
31 MARCH 2023
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 13 December 2023 and were signed on its behalf by:
F FARLEY
………………………………………
F Farley - Trustee
G McALEER
………………………………………
Gerald McAleer - Trustee
D DONNELLY
………………………………………
D Donnelly - Trustee
The notes form part of these financial statements
Page 6
BERAGH CARE AND DEVELOPMENT ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% straight line Equipment - 10% straight line
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
continued...
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BERAGH CARE AND DEVELOPMENT ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
2. OTHER TRADING ACTIVITIES
| Rents received | 2023 £ 22,098 |
2022 £ 20,397 |
|---|---|---|
3. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| Depreciation - owned assets Surplus on disposal of fixed assets |
2023 £ 2,634 - |
2022 £ 1,459 (4,464) |
|---|---|---|
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Transactions with the trustees
J McAleer & Sons Ltd were paid £368 for goods during the year. Trustee, Gerald McAleer is a director of this company.
MFE Contracts Ltd were paid £938 for electrical services during the year. Trustee, Keith McFarland is a director of this company.
All transactions with trustees during the year ended 31 March 2023 are recorded above.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 2023 | 2022 |
|---|---|
| 2 | 2 |
No employees received emoluments in excess of £60,000.
continued...
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BERAGH CARE AND DEVELOPMENT ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
| 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund fund £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 4,384 846 Other trading activities 20,397 - Total 24,781 846 EXPENDITURE ON Charitable activities Governance cost 1,355 - Charitable activities 15,476 546 Total 16,831 546 NET INCOME 7,950 300 RECONCILIATION OF FUNDS Total funds brought forward 38,990 787 TOTAL FUNDS CARRIED FORWARD 46,940 1,087 |
Total funds £ 5,230 20,397 25,627 1,355 16,022 17,377 8,250 39,777 48,027 |
|---|---|
continued...
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BERAGH CARE AND DEVELOPMENT ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
7. TANGIBLE FIXED ASSETS
| Freehold property Equipment £ £ COST At 1 April 2022 54,820 3,633 Additions - 11,750 At 31 March 2023 54,820 15,383 DEPRECIATION At 1 April 2022 27,872 807 Charge for year 1,096 1,538 At 31 March 2023 28,968 2,345 NET BOOK VALUE At 31 March 2023 25,852 13,038 At 31 March 2022 26,948 2,826 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 £ Sundry debtors 1,451 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 £ Loan stock 1,800 Other creditors 3,654 **5,454 ** |
Totals £ 58,453 11,750 70,203 28,679 2,634 31,313 38,890 29,774 2022 £ 1,698 2022 £ 2,700 4,986 7,686 |
|---|---|
continued...
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BERAGH CARE AND DEVELOPMENT ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
| 10. | ACCRUALS AND DEFERRED INCOME | |||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| £ | £ | |||||
| Accruals and deferred income | 8,960 | 5,280 | ||||
| 11. | ANALYSIS OF NET ASSETS BETWEEN | FUNDS | ||||
| 2023 | 2022 | |||||
| Unrestricted | Restricted | Total | Total | |||
| fund | fund | funds | funds | |||
| £ | £ | £ | £ | |||
| Fixed assets | 38,890 | - | 38,890 | 29,774 | ||
| Current assets | 32,255 | - | 32,255 | 31,219 | ||
| Current liabilities | (5,454) | - | (5,454) | (7,686) | ||
| Accruals and deferred income | **(8,960) ** | - | **(8,960) ** | (5,280) | ||
| **56,731 ** | - | **56,731 ** | 48,027 | |||
| 12. | MOVEMENT IN FUNDS | |||||
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.4.22 | in funds | funds | 31.3.23 | |||
| £ | £ | £ | £ | |||
| Unrestricted funds | ||||||
| General fund | 46,940 | 7,619 | 2,172 | 56,731 | ||
| Restricted funds | ||||||
| General fund | 1,087 | 1,085 | (2,172) | - | ||
| TOTAL FUNDS | 48,027 | **8,704 ** | - | **56,731 ** | ||
| Net movement in funds, included in the above | are as follows: | |||||
| Incoming | Resources | Movement | ||||
| resources | expended | in funds | ||||
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | 43,211 | (35,592) | 7,619 | |||
| Restricted funds | ||||||
| General fund | 1,511 | (426) | 1,085 | |||
| TOTAL FUNDS | 44,722 | **(36,018) ** | **8,704 ** |
continued...
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BERAGH CARE AND DEVELOPMENT ASSOCIATION
LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.4.21 | in funds | 31.3.22 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 38,990 | 7,950 | 46,940 | |
| Restricted funds | ||||
| General fund | 787 | 300 | 1,087 | |
| TOTAL FUNDS | 39,777 | 8,250 | 48,027 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 24,781 | (16,831) | 7,950 |
| Restricted funds | |||
| General fund | 846 | (546) | 300 |
| TOTAL FUNDS | 25,627 | (17,377) | 8,250 |
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023 other than those disclosed in note 4.
continued...
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BERAGH CARE AND DEVELOPMENT ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
14. CHARITY REGISTRATION
The company registered as a charity with The Charities Commission for Northern Ireland on 24 September 2015. Its charity number is NIC 103136.
15. GOVERNANCE COSTS
Governance costs of £1,425 were incurred during the year ended 31 March 2023 which solely relate to fees paid to the Independent Examiner of the Charity's accounts.
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BERAGH CARE AND DEVELOPMENT ASSOCIATION LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023
| 2023 £ INCOME AND ENDOWMENTS Donations and legacies Grants received 6,081 Donations 16,484 Interest receivable 59 22,624 Other trading activities Rents received 22,098 Total incoming resources 44,722 EXPENDITURE Support costs Management Wages & salaries 10,668 Rates 1,236 Insurance 2,573 Heat & light 6,206 Stationery & advertising 1,149 Telephone 50 Christmas decorations 426 Repairs 9,575 Accountancy 1,425 33,308 Other Depreciation of fixed assets 2,635 Bank fees & interest 75 Profit on sale of tangible fixed assets - 2,710 Total resources expended 36,018 Net income **8,704 ** |
2022 £ 4,209 1,000 21 5,230 20,397 25,627 10,292 1,169 1,964 2,977 214 80 546 1,727 1,355 20,324 1,459 58 (4,464) (2,947) 17,377 8,250 |
|---|---|
This page does not form part of the statutory financial statements
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