## **Larchfield Community Development Association** ## **Receipts and Payments Account for the year ending 31st August 2024** |**Receipts**
Membership Fees
Community Festival receipts
**5**
Receipts from other events
Grants
**6**
Donations for charity
**7**
Fund Raising event
**Total Receipts**
**Payments**
Administration Costs
Insurance
Community Festival expenses
**5**
Events & programme
**8**
Work in hall
Bank Fees
Independent Examination
Equipment costs
Training Costs
Rent
Donations to charity
**7**
Fund Raising expenses
**Total Payments**
**Excess of Receipts over Payments for**
**the year before Transfers**
**Transfers**
**Excess of Receipts over Payments for**
**the year**
**Balance Brought Forward at 1st Sep. 2023**
**Adjustment**
**Balance Carried Forward 31st August 2023**|**Unrestricted**
**Restricted**
**TOTAL FUNDS**
**Funds**
**Funds**
**2023-24**
**2022-23**
530.00
0.00
530.00
470.00
1,123.42
0.00
1,123.42
444.96
2,155.00
0.00
2,155.00
2,233.00
0.00
9,445.00
9,445.00
10,683.39
0.00
3,137.13
3,137.13
2,173.00
1,510.00
0.00
1,510.00
1,230.10| |---|---| ||**5,318.42**
**12,582.13**
**17,900.55**
**17,234.45**| ||22.00
533.99
555.99
929.40
151.69
455.07
606.76
542.65
1,307.33
2,841.22
4,148.55
4,481.90
1,191.62
4,583.66
5,775.28
6,676.86
0.00
0.00
0.00
1,000.00
111.13
0.00
111.13
114.78
0.00
300.00
300.00
300.00
0.00
0.00
0.00
833.40
0.00
0.00
0.00
785.00
0.00
1,200.00
1,200.00
1,275.00
414.87
3,385.13
3,800.00
2,250.00
313.66
0.00
313.66
257.00| ||**3,512.30**
**13,299.07**
**16,811.37**
**19,445.99**| ||1,806.12
-716.94
1,089.18
-2,211.54
0.00
0.00
0.00
0.00
1,806.12
-716.94
1,089.18
-2,211.54
7,231.79
6,227.51
13,459.30
15,670.84
-160.55
160.55| ||**8,877.36**
**5,671.12**
**14,548.48**
**13,459.30**| _**Registered with the Charity Commission for Northern Ireland NIC 103278**_ 7 Lafchlleld Communlt Develo ment Assoclatlon Statement of Assets and Llabllltles asat 31st Au8USt 2024 Unrestrlcted Restrlcted TufAL FUNDS Funds Funds 2023-24 2022-23 Cash Funds No I kcount 7,493.54 1,383.82 190.00 7,683.54 6,864.94 7.180.62 6,278.68 No 2 kcount 5,481.12 Total Cash Funds 8.877.36 5.671.12 14.548.48 13.459.30 Investmont Assots Equlty Investments Other Llsted I nvestments Other Unllsted Investments Investment Propertles 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Slgned on behalf of the Trustees Brfan McCa1115ter Jnr Chalrrnan Valerle Harron Hon Treasurer Oats its Reqlstered wlth the Charity commi￿l0nfvr Northern Irelqnd NK103278 ## **Larchfield Community Development Association** ## **Notes to the financial statements for the year ended 31[st] August 2024** ## **1. Accounting policies** Set out below are the principal accounting policies which have been adopted in the compilation of the Receipts and Payments Account and the Statement of Assets and Liabilities ## **(a) Receipts and Payments Account** All items of income and expenditure included within the Receipts and Payments Account have been accounted for on a cash receipts basis. ## (b) **Statement of Assets and Liabilities** ## **(i)** _**Assets retained for the Association’s own use**_ While the Association has in recent years purchased some items of equipment, resale value would be minimal therefore these have not been recorded as assets in the accounts ## **(ii) Investments** The Association has no investments ## **2. Transactions with the Trustees** Four trustees/connected persons received re-imbursement of expenses totaling £2693.70. Throughout the year there were payments to Legacurry Ladies Committee usually for catering at events and to Legacurry Hall Management Committee for hire of premises and equipment for events. Some of the Association Trustees/committee members are also committee members of either the Ladies Committee or Hall Management Committee. ## **3. Governance Costs** The Association had governance costs of £300.00 during 2023-24 ## **4. Explanatory notes to the Funds** Unrestricted Funds – General Funds which the Trustees are able to spend for the general use of the Association. Restricted Funds – Monies received from grant-aid bodies to be spent on specific projects/events and also monies received directly as donations for the annual charity. ## **5. Community Festival (Rally) Receipts/Payments** Income for the 2023 Rally is included under Grants. Expenditure is split between Unrestricted and Restricted (Grant) Funds. ## **6. Grants Received** |**6. Grants Received**||||| |---|---|---|---|---| ||**Brought**|**Received**|**Spent**|**Carried Fwd**| ||**Forward**|**in 2023-24**|**in 2023-24**|**to 2024-25**| |LCCC Community Support 2023-24*|£2693.01|£Nil|£2693.01|£Nil| |LCCC Community Support 2024-25|£Nil|£5170|£1659.35|£3510.65| |Arnold Clark Trust|£457.05|Nil|£457.05|£Nil| |LCCC Community Festival Fund|£2800|£2275|£2841.22|£2233.78| |LCCC Community Hardship Fund|Nil|£2000|£2000|Nil| |**Total**|**£5950.06**|**£9445**|**£9650.63**|**£5744.43**| Expenditure of grant monies often takes place over two LCDA financial years. * At 31[st] March the year end for Community Support Grant, some figures had to be adjusted. ## **7. Donations for Charity** £438 was brought forward from previous financial year for our 2023 charity. A further £2947.13 was collected for the 2023 charity from various events and from donations. £3500 was presented to The Peri Natal Trust Fund with the balance of £114.87 coming from Unrestricted Funds. £190 has been carried forward in the accounts for the 2024 charity. £200 from Unrestricted Funds was donated to Mayor Gowan’s Charity and £100 to the RUC GC Foundation during a visit to the RUC Memorial Garden. _**Registered with the Charity Commission for Northern Ireland NIC 103278**_ 9 ## **Notes to the financial statements for the year ended 31[st] August 2024 (Cont’d)** ## **8. Events and Programme** 2023-24 expenditure relates to general activities including Christmas Party, Seniors and Volunteer Recognition event, Hampers for Association members and members of the community courtesy of the LCCC Hardship Fund, materials for the gardening club, Community Family Barbeque and an outing and meal again for Association members and volunteers and members of the community. _**Registered with the Charity Commission for Northern Ireland NIC 103278**_ 10