OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-annual-return

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)

Page 1

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

Page 2

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:

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:

  1. That accounting records were not kept in accordance with Section 386 of the Companies Act 2006

  2. That the accounts do not accord with those accounting records

  3. 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

  4. 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

Page 3

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

Page 4

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

The notes form part of these financial statements

Page 5

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...

Page 7

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...

Page 8

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...

Page 9

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...

Page 10

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...

Page 11

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...

Page 12

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.

Page 13

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

Page 14