Poyntzpass Community Regeneration Company Limited Abbreviated financial ststemeDts for the year ended 31 August 2018 (unaudit) (AbbreviAted ID Ctonlan¢e with the provi5iDns of the cOPanIC5 Ad 21Y16) Re8tytratioA Nw Nl 40376 ]861 JA9M 29ffj5r2019 CCWANies House
Community CoryffiyLimil endedji Page (s) Company inf0mtIOn Directors, Relt statnent of Fu181 Activities Abiyeviated Ststement of Financial Position Notes to th¢ abbreviated finJnGial state[nts
Abbmrytyed Compgny informatiOD n¢ial stthtments eAdedJJ A¥ 2018 Dirttton Solicitors J Morrow J Mcveigh M McVei8h C Sterritt G Crilly R Patel Gillen & Co. Solicitors 3a Old Kenlis Street BanbTidge Co. Down Bf32 3LR Seeretsry Jwthll 58 Hill Street Nc¥wry Co. Down Bf34 IAR "The Meeting Place" 1&18 Church Street PoJmtzp85S Newry Co. Down BT35 6SW
Pale 2 ear¢Nded31 ¥201 Diredors, Report This has been another buty year for our Broup with the MmUnity hall beiD8 used abnost daily by a range of local COMMlty or8anis8tion& Trany of which are lon8 tern) supporters of our worK and w¢ thank them for their continued usage of our faci]ities. During the y¢or we continued a ramgc of m2intenance and ryir work5 10 ensure that the fabtic of the building is maintsined. 18m pleased to report on a successfid year end look forwml to 2019 with ¢onfideDcc. th¢ bard Work ofow Board we ye*1n indeIty finartciai SUalable without reliance on 8Tant aid unlike a lar8e proportion of the voluntary 8nd community sector. While we have stort1 to rcap the rewards from the installation of a PV solar clectricity syst¢m and we l¢)ok fonvard to continuing steady income streom in the fitt fr£ our wtth Action Renewables to tTadc ROCS on our behalf. I would like thaak all of our 're8ulars': Scarva magt Women's GTOUP who hold theirset d¢108 flower arrangins Classes in th¢ ha]L as well as their regu18r monthly tneetings. the children's Irish Dancin8 Cl8sses' Bnd the talks oryanised by the local History Society on the first ThuTsday ofthe month which play to pked houses. The crossvcommunity PlaYOllp continues to provide an important service for our prt-school children and their prnt& while The Villa8e Club is att important WklY event for many of our older popul10. Th¢ w¢eldy Parent & Toddler meetings have become a re8ulaf fixtwc in our calendar. The Poyntzpass Silver Band annual cross commwiity Christmas carol service is a welcome introduthion to th¢ festive season. aDd Culture Night in September attracts large numbers of people to the villag¢ and we ple8SC to be part of its success. Once again, I wish to thank ourloyal conunucial tenants LindaGalloghJy {Cuthng Poyntt) and Victoria Fitytrick (Be Beautifid). my fdk>w BoaTd members for all their unstinring effort Jolm Mor Chairman The Village Club 'The Village Club. a self4irected senior 8TOUP Started in October 2004. The club had a very successful year with many events from gardenin& storytcllin& crgft makin& mas5ag4 music. yog4 rel110 and muth more. In the past y¢ar they have undertaken Yé prosT3 of visits and a short holiday break for membcrs. Around 25 villagers attend every week on Wednesday 10.00 &m. to 12 noon and the door is always open to new memb$ and new id Pant and Toddler Group Thcgroup wtxeestab]ishcd in 2007 have be succ¢ssful in obtsirring agTant children in tteed which has lowed them to 8cquirc ncw quipment and organise events for the childrcn. The open on a Thursday morning during 5th001 tctm-time from 10.00 to 12 noon. They provide an excellent link in th¢ ¢hildretL'S trAnsition ftom the group w the playgroup which is also locat in the buildin8. Community PlayEroiip POYtzPasS Community Playwup has just been in the 'Thc Meeting Place. sin¢¢ its opening. The playgroup has been numin8 for over twenty yedrs and 15 going from strength to stren8th. It secured fi]nding to obtsin new indoor equ1prn1 for Yaff and childrffj who DOW have accc5S to an outdoor area with play equipnxnt.
Paxe 3 Abbr•rful¢d ettd¢d31 A st 201 The pl&ygTOUP ¢ater5 for up to 26 preh0o1 children End the staff 8re committed to the d¢livery of a curricuiw which prepares children for their transition to primary school. The playgroup its session from 8.50 &m. to 12 noon Monday to FTid&y. and is registered with Sociol Service4 DepEtbn¢nt of Education WKI N.I.P.P On behalf ofthe DireEtor Reggle Patel Director 24 May 2019 Poynlzpass
Poge 4 ANJra4ttted ended31 A Statement of Financial Activities 2018 Notr 2018 2018 UAru¢ricted Rertd¢t¢d 2018 Total IncorniDg rtsoure Grartts Investment iD¢ome Incorning resourva from the 010n of Tr Meeting Place" 19.887 19.887 Totsl INcomins resourtes L3 Cost of 8etwating funds 19.892 1.208 19,893 1.208 Net ineomlAg rnource5 llb]e for thrit•ble appIlti•ll CharitAble Expendlthye Costs of operntion of'Tr Meetin8 Place- ManaBÉnB and MinIster1D9 the chariiy 34.2 43.895 1259 2259 Tot81 ehmritsble resoue5 expeuded 11.859 34.295 46,154 Net movement in to1 funds for the yeAr (ttet in¢omt #nd expenditure) Ttst*l futtds bmttghi fornrd -34.739 155 338 -27.240 155 481 143 Nd fwndj urried fobivard 121.043 128.011
Pqxe S Abbrewotsd naRtialsthteme• ended31 A Abbreviated Statement of Financial Position 4512018 No 2018 2016 Flxed •ssets Pmp¢rty. plart and equipment 209,879 244.175 C¥rrent amets 2345 8.125 IOa70 2.212 5,293 7,505 CAsh at bgnk and in h4nd Creditors: aThoMnts falling dtse withill •ntyear 59.599 Nel cumllt llets lJ68 -52.094 Totsj Asjets less ¢Mrrent libllities 192.081 Crtditor¥: •mouwts fAlling d¥e fteY •lleyr 30,110 36.600 Net #M¢ig 128.011 155.481 Funds Unrestri¢t 143 155,338 155.481 Restsiaed 121,043 12&011 For the year ending 31 Au8USt 2018, the directU5 ofthe ve taken a¢fvant&8e of the eKemption from audit under section 477{2) of the Compani¢s A¢¢ 2006 relating io the small wmp4nie5' resime. The meftijers have not required ihe company obtsin an audii of these &cnts in attordmce with section 476 of the Companies A¢t 2j6. The diredors Kknowlvdge their responst7+ility for. ensurin8 the wnp4ny krys acc4Jumin8 Tttordy 1¢h ¢oJryJly with Seuion 386: and prtyatin8 aCUnts which give a tNe fair view of the $tOr affairs of the company as at the end of the fin181 year, and of its profit loss for year. in a(x0rdat with the requirements of seaion 393. aTh] which or11$e comply with the ro4Utrements of thB Companies Act retsiinB io a¢ciJw x) thr a5 is applic4bE¢ to the c4)mpany. TIK5e accounts have been wepared irt accord with the Ctyil1ts provisions Ipplile to mp8nies subject io the SMAII companies. regim Approved by the boaTd of directors on 24 May 2019 1 si8ned on lis behftlf by". Rgi¢ Paiel Dir¢c¢or 24 Mmy 20I9
Pfjge O Abbrnryoted eMded31 A Notes to the abbreviated financial statements l. PrincipAI 8CCOUlItIDg policies Poymttp&ss Commimiity Regenerntion Company Ltd is a compfjny Incooted in Northern Ireland. Th¢ Company's fmanciai statements ie been prepared in compli8nce with th¢ Financial R¢porting StondBrd applicable in the UK ond Republic of frelond {-FRS 102") gs it 8pplies to the fmancial i¢ments of the Company for th¢ year thd 31 Au811# 2017. The Company transitioned from prevIoty extant UK GAAP to FRS 102 as at I Septembcr 2014. No transition adjustments are required on the trwition to FRS 102. Bosts olaccounrthg The financial ststemcnts arc pr¢pwed in xCordaJ with the bi5tOri¢81 ¢I)nventio in a¢¢ordance with applic8ble accounting Stllnd and of Rnded Practice-Accountin8 for Charities- 2000. Going concern The Company's expenditure ceeded its incom¢ during the Y ended 31 August 2017 and at that dat¢. th¢ Company's ass¢ts exceaacd its liabiliti After making enquirie4 thr directo have a rcasom8blc cxiKci8tion that the Company has adequate resource5 to continu¢ in opeT*ional existeTKe for the foreseeable future. Accordingly, they contittue to odopl the 80in8 concern basis itt preE)3Ting the financial statcment& JMdgeme+YI andkey Sourc of atlmrfion uncerlalnty Pryaration of the financial statemcnts requires management to make significant judgemenis and ClMates. The items in the financial statem¢Thts where these JUdents and estimates have been made 8re sumtnJri5cd below. Propety, planlandequlpmevl Propety. plant and ¢quipment ore stated at thcir purchase c05¢ net of depreciation and w provision ror iwairnient. Depreciation is calculated $0 as io write off the costs of tsn7)le fixed assets. Ic5s thelr estimated residual v8Ju4 over the exp¢¢t¢d useful economic lives of the 8s5¢ts concemcd. The piinGiple anouaj rates used for this putpose are: Land & Buildings Office equipJn¢ straight line strnigbt linc 20 Income Grant4 donations and investment income are xcounted for when o)Dsideted tt¢eivable. Cashflow The company is ¢xcmpt from the requiremenis of Reporting Standard No.1 to present Cashflow statement as it quaJifi¢s a5 a small cotnpatry ptrthe PTovisions of the Companies Act 2006.
Page 7 Abbrm"ated anc1al5rdtemts eHded31 A¥ 2018 Notes to the abbrevigted financial statements (continued) 2. Incoming resources Incoming resourc¢5 receivable by th¢ chIlble CoMY duTinB the year were as follows- 2018 2017 R8nlal income Bank inleresl 19.887 16.086 Totsl fncothin% r¢sourtes 19892 3. Taxation PoyntZP8ss Community Re8enernlion Cnp Ltd is a ¢ompary with r¢gistewJ ¢h85itsblc stttus in the UK and is not subject to corporation 4. Property• plant and equipment Land & fuluTe5 Buildkngg & ThiDg5 Tothl Cost At I SeptanbeT 2017 Additions Disposals At31 August 2018 655,449 40,716 696.165 655.449 40.716 69A165 Depre¢SatioD At I Seplember 2017 Charge for the year Disposals At 31 Autu3¢ 2018 421,772 32.772 30,438 1.523 451,990 34.295 454J25 31.961 486386 Net I0k value At31 AtrEUSt2018 201,124 &755 209079 At 31 Augu*2017 233,897 10,278 244,175
end¢d31 A 2018 2018 2017 Debtors Amounts falling du¢ within one year Rent Receivable Accrned income & PryaytiKnts 2,245 2,212 6 Creditors: amounts falling due within one year 2018 2017 Trade creditor5 Taxation 56.643 1.553 56.643 1.032 Other lit0 62238 59.599 7 Creditors: amounts falling due after one year 2018 2017 Loan from Ster Community Inve5tmaitTTUSt LO from local authority 6.600 30.000 30.000 30,OIKI 36.600