COMPANY REGISTRATION NUMBER N1062808 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS 31 DECEMBER 2023 Charity Number NIC103336 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 CONTENTS PAGE Charity reference and administrative details Trustees Annual Report Independent examiner's report to the members Statement of financial activities (incorporating the income and expenditure account) 11 Balance sheet 12 Statement of cash flows 14 Notes to the financial statements 15 The following pages do not form part of the financial statomonts Detailed analysis of movement in funds 35to42 Page q WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE CHARITY REFERENCE AND ADMINISTRATIVE DETAILS YEAR ENDED 31 DECEMBER 2023 Registei'ed chai'ity name Willowfield Parish Community Association Charity registration number NIC103336 Company registration number N1062808 The trustees The trustees who served the company dui'ing the period were as follows,. Rev Clive Atkinson Stephen Harte Pauline O Neill Geoi'ge Newell Isobel Blair Colin Birnie Petei. Clugston William Withers Ruth Glover Chairinan Ti'easiii'ei. Company Seci?tary Resigiied 24 Api'il 2023 The trustees have delegated day to day management duties to Heather Purdy. Secretary Paulin¢ O Neill RegisteiTd office The Micah C¢ntr¢ 149A My Lady's Road Belfast BT6 8FE Independent examlller GMCG Poitadown Chartered Accountants 17 Mand¢ville Sti'eet Portadown County Arinagh BT62 3PB Baiikei's Daiiske Baiik Donegall Square West Belfast BTI 6JS Page 2 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT YEAR ENDED 31 DECEMBER 2023 The Ii'ustees present theit. report and the financial stat¢in¢nts of the cliarity foi. the yeai. ci)ded 31 Decembei. 2023. The triistees havc adopted tlie provisions of tlie Statetn¢iil of Recommended Pjaolice (SORP) 'Accouiiting aiid Reporting by Cliai'ilies" (FRS 102) in pi'epal'ing the anniial report and ffiiiaiicial stateinents of the chai'ity. The financial statements liave been pi'epai'ed in accordaiice ivith tlie accounting policies set oiit in iiotes to tlie financial stateinents and applicable accounting standards, Accounting and Repoiting by Cliai'ities.. Statement of Recommended Practice applicable to char&ties pi'eparing tlieir accoiints in accordaiice witli tlie Fiiillnctal Reporting Standai'd applicable in the UK and RepiibEic of Ireland issued ii) October 2019, tlie Financial Repoi-tiiig Standat'd applicabl¢ iii tlie Uiiited l to take pait in "l'est and refresh," W¢ ben¢fitt¢d fiK)m ali advice visit from the Jobs Aiid Benefits office oiice a moiitli as well as otliei. iiifoi'matioi) sessioiis sucli as tli¢ b¢n¢fits of sleep, Ilie importanLe of mental well-being aiid biidgeting advice. We launched a iiew pi'ogramme, Hobby Cliib, to provide a space to biiild cominunity and a wai'm place to Ineet aiid enjoy a cooked lunch. As pait of tliis, we received funding to impi'ove oiir sinall cominiinity garden witli new benches aiid attractive planting) ci'eating a lovely ai'ea to sit oiitside. Hobby Cliib Inembers gi'ew tomatoes, beaiisj peas, strawbei'i'ies and an amazing display of siinflowers. In partiioi'ship with sevei'al otliei, local gi'oiips, we Iielped oi'ganise a coinmiinity flin day to celebrate the lciiig's Cot'oiiation iii May. Ovei. 4000 people att¢nd¢d tlie event and it was gr¢at to catcli up with people we liadii't seen foi. a wliilel We also worlced willi oiii. foiir local prim&ll'y scliools wlio toolc pai't in a CoiDnation Coloui'ing Competitioii. The winnei's weiE invited to tlie fuii day to receive tlieii. awai'ds on stage. In Jiiiie we ran a table quiz to lielp I'aise some funds foi. WPCA. We weie delighted to i'eceive tiinding fi'oin the Department foi. Communities for l O iiew laptops, wliich has made an enoi'imous diffei'eiice to oiil, IT capabilitiesl Our woi'lc willi men And woinen took place llci'oss the yeni,, witli Men's Yoiitli Club pi'oviiig popiilar and Woinen's Di'op In enjoying line dancing lessoiis, a di'lim woi'kshop and a 6 w¢¢k coiii'se eiititled 'Eiiipow¢i' Hei looking at well-beiiig. Oui. Peaced Tog¢tliei' coui's¢s saw a wide variety of wofften taking pai'l in eacli 10 weelc coiii'5e, working tlii'oiigli disciissions on how to heal past ti'auinas, self-esteem, fotgiveness and othci. issiics. Otie participant said, 'Tliis lias been a life saviiig gi'oiip. It Iielped ine tlii'oiigli Slicli dorlc times. I've had loads of teal's biit also loads of laugliter. I've inet siicli an amaziiig buiicli of ladies and eiijoyed he81.ing and beiftig a part of tlie stoi'ies. Each of us is iiiiiqiie like tlie pieces we all inade. Biit also so beaLltifLiI inside and out. Tliank yoii to both the leadei's and being my list¢niiig eai. at tiine of iieed. YoLI'J'e both ainazing. Oiii. siiminer scheines ivei'e popiilar witli ovei, 300 people iii attendance. We liad two weelcs of Siiininei. Scheines foi. patent and toddlers, pi'iinaiy aged clilldren and Some activity days foi. leenagei's. Tlie siiiTrinei' scliemes iiivolved a mix of activities in tlie hall and oiitings to places like the farm, ice- skating and We aiE Veitigo. Tlie teenagei's enjoyed day ti'ips wliioh iiicliided siirting at tlie Noitli Coast, Let's Go Hydi'o aiid boiildei'itig in tlie MoLlI'nes. One pai'ent said, 'My 4 boys Iiave al I gi'ew Lip at Willoivfield. Suininei. sclieme foi. lis is bi'illiant aiid Ineans tlie kids ai'¢ Iiialciiig lols of Jneiiioi'ies ai)d iiew fi'ieiids, Tliey lov¢ it. Tlie patieiice and Iiiidei'staiidiiig tliat Ilie leadei's aiid oi'gaiiis¢i's Iiai*e is siipei-. One of Iny boys is autistic and has ADHD aiid Iiotliing lias been evei. too ITiLicli ti'oiible aiid lie is included iii evei'yihing, Tllis Ineans so Inuch to LIS. Willowfield is so iinpoi'tAnt iii Ilie com miinity foi. evei'yone. Tl)ank yoii for aiiother great siiinmei. sclieine )otliet' pai'eiit said, 'My daiigliteR' is aLilistic aiid iievei. leaves Ilie IioLise. Willowfield siimmei. sclieine has been the only one she will attend aiid has attended 2 years in a l'ow. Slie f¢¢ls coinfoi'table witli eveiyone and is finally socialising oiitside the liomel I feel safe to leave tliem with siich a kind aiid cai'ing team, we look foi'wai'd to iiext yeai.. Page 5 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT (contlnuéd) YEAR ENDED 31 DECEMBER 2023 ACHIEVEMENTS AND PERFORMANCE (¢oiiiliiiied) In the Autumn w¢ enjoyed a visit from the Permanent Secretary of the Department for Communities, Colum Boyle, along witli a team of officials, wlio fund our family suppoit proj¢Gt. It was gi'eat to be able to show th¢ni ai'ouiid aiid to have the oppoitunity to sliai'e witli tlieIn the woi'k we arc doing and for some of our service iisers to have the oppoitunity to share tlieir inspirational stories. We also enjoyed a visit from the Halifax Fuiid who support our Hobby Club, They were impressed to see the group in ￿11 swing and to hear how it has benefitted the community. In the I'un up to Chi'istmas, we held our Christmas Tree Festival with trees decorated by 23 local biisin¢ssos, 8 local ¢oinmunity groups, 2 local Roman Catholic congregations, 3 local schools and 24 groups fi'om within Willowfield Parish Church and WPCA. We wei'e delighted to welcome sevei'al MLAS, an MP and soiiie of oui. local Belfast City Coujicilloys to tl)e f¢stival. Tlie local coinmunity tui'ned out in foire and enjoyed music from Nettlefield PA'iinary Soliool choir and from Festival Brass. This was a really succes8ful event, both in terms of welcoming in tlie communlty ai)d in lei'ms of fundraising. The joy on people's faces as tl)ey looked at all the different trees and enjoyed tl)e atmosphere made it really woitliwl)ile. Throughoiit the yeai. we have benefitted fi'oin collaborating and partn¢Ying wÉtli oth¢i' local organisations. Our involvement in local forums and network gi'oups is a real strength, k¢eping us iiiforined about eveLytliii)g tlial is going on An tlie area, and pi'oviding useful coIitacts to sliait Adeas and IEsoiirces, and offer complementaiy seivices to best support each othei. and the local community. Staff and Volunteers We are blessed to have a great staff team who have, as always. given their all in the last year. It is sucli a privilege to see the dedication shown by staff and tlie heart they liav¢ foi, our community. We are so gi'atefiil to them and to our volunteers who give so selflessly of tlieir time and energy to support oui. work. The enthusiasm, energy and positive attitudcs shown by staff and volunteei's enables us to work togelli¢J' as a teain to meet th¢ challengcs we see in the community around us. Tn Maroh, we said goodbye to our Job Club Manager, Eunice Newell and her husband Geoi'ge, one of oiir Triistees. Eiinice and Geoi'ge Iiave been heavily involved with WPCA sin¢¢ the beglnning aiid we took time to celebi'ate their hard woi'k and dedication over the years. We also saw our Moving Folwai'd Co-ordinator, David Jai'dine, leave us in June aftei. suffering witlj ill healtli for a couple of years. David has woi'kcd witli WPCA foi, many ye81's, first as a youth workoi., th¢n pioneering the Moviiig Foi'ward project. David was able to join us towai'ds th¢ ¢nd of th¢ yeai. to celebi'ate his time witli us aIid we pl'ay for liis coiitinued i'ccovci'y. Our finaiicial adinÉiiisti'atoi', St¢wait Quinn, accepted the position as a youth work¢i' in Maghei'alin Parisli Church in August. Sliannon Smillie, one of oiii. pai't-tiine project woi'keis moved to full-tiine employiment in tlie Thrther education sectoi. in Septembei.. David, Shaiinon and Stewait will be greatly missed. In November, we welcomed Linda Campbell as a CAP Debt Coach. Slie bi'ings a fresh entliusiasm and en¢rgy to oui. work with p¢opl¢ in debt and allows us to ¢xpaiid oui. oapacity in this area. FINANCIAL REVIEW (iiicludillg i'e8erve8 policy) At the end of 2023, there is a £81,066 of a sui'plus in unrestricted funds. of wlJi¢li the Boaiyl has set aside £63,000 As a salary i'eserve representing 3 moi)ths salary costs. and tliere is a sui'plus on IEstt'icted funds of £541,615. Tlie Boai'd As so gi'ateful for the donations and gi'ants we re¢eAved dui'ing 2023 flom many cliarities, grant making bodies, churches and individuals in¢luding'. Page 6 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT { conllnued) YEAR ENDED 31 DECEMBER 2023 Fll¥AIYCIAL REI VIEI W (including i'eserves policy) feoiiiliiii¢d) Anchoi. Foiindation, Belfast City Coiincil, Cliurch of Ityland Pi'iorities Fund, Chiirch of Ii'elaiid Oi'phaiis and Childfft'ens Society, Community Foiindation Nl, Department foi, Coininunities, Eiilcaloii Foiindation, Esme Mitchell Trust, EBCDA, Edii¢ation Aiitliority, Gai'field Weston Foiindatioii, Halifax Foundation NI, Hedley Foundatioii, Irisli Youtli Fouijdation Live H¢re Lov¢ H¢r¢, Maiii'ice & Hilda Laing Cliai'itable Trust, Pi'itice of Wal¢s Cliai'itable Foiindation, Soiiter Cliaritable TrLlSt, TBF & KL Thoinpson, Tudur Triist, Ulstei. Garden Villages, Willowfield Parish Chui'ch and othei. donors wlio wish to remain anonymous. The policy of tlie Manageinent Committee 15 to imaintain i'eserves at siich level as limits tlie risk fi'om a futLlte downttii'n in incoine oi, fi'otn incieased expenditLli'e iii the loiigei. tei'in, incliidiiig expenditiii'e on fixed assets. I VII NTS A￿ER THE REPORTING PERIOD Iii Januai'y 2024, th¢ pi'opei'ty at 91 Raveiiliill Rodd was sold for n¢t proceeds of £92.954, I'esiilting in gain on disposal of £82,635. PLANS FOR FUTUIiE PERIODS The cliai'ity plans to contiiiiie the activities oiitlined above iii the fortlicoining years siibject to satisfactoi'y funding ai'i'angeinents. STRUCTURE,, GOVEI RNANCE AND MANAGEMENT Govei'iiiii Docuineiit Willowfield Parish Commiinity Association is a cliaritable pi'ivate company liinited by giiarantee aiid not haviiig a shal'e capital, wliose i'egisteiEd office is sitiiated in Nortliei'n Ii'eland. Tlie Company was iiicoi'poi'ated on 24th Jaiitiai'y 2007, cominenced operations on I st Janiiaiy 2008 aiid is iecognised as chai'ity by Tlie Lhai'ity Cominissioii foi. Noitliern IIElaiid (cliai'ity reference nLimber NIC 103336). The company was establislied iindel. o N4einoi'andLiin of Association wliicli established tlie objects aiid powei's of the cliai'itable compaiiy and is govei'ned iind¢i' its Articles of Association. R¢ci'uittneiit a oiiilment iiiduction and li'aiiiin Unless otheiwise detei'mined by tlie Association iii Geiici'al Meeting, the niiinber of Triistees slial I not exceed fifteen and shall iiot be less tl)an f1ve. Tlie Boai'd sh811 compi'ise of Tlie Cliaii'person (Mild Ti'iistee) who at all tiines will be the Rector of Willowfield Parisli Cliurcli oi, otliei. person appointed by hiinlhet, to act in t11at capacity and the iiiiinbei, of tl'LlStees appointed as follows, l)alf of whom sliall be appointed annually by the Select Vestiy of Willowfield Pai'lsli Cliurcli, to be knowii tis noinlnated ti'ustees" niid Iialf of wlioin sliall bc elected at tlie Aiinual G¢nei'al Meettng (AGM), to be known as 'el¢¢ted trustees" All Iriistc¢s shall be membei's of th¢ Association. Elected triistees sliall Iiold office foi, a period of lip lo two years Aiid shall ietilE by rotation, with tlie longest serving lialf to retii'e at e8clI AGM. Retii'ing (elected) Ii'iistees shall be eligible foi. i'e-election. Tlie nuinber of nominated and elected ti'iistees shall remain eqiial Rt all times. Tlie ti'ustees liave the powei. at any time to appoint aiiy pei'son to be d tl'U3t¢¢ to fill a casiial vacaiicy. Aiiy tl'LlStee so appointed shall hold office only iintil tlie next following AGM aiid tlicn sliall be eligible for i'e-election/nomination. Page 7 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT (¢onllnu￿) YEAR ENDED 31 DECEMBER 2023 Appropriate training and induction is available to all Irustees. STRUCTURE, GOVERNANCE AIYD TVIANACEMENT (¢ontlnued) Risk Mana ement The trustees have assess¢d the major risks to which the cliarity is cxpos¢d, in particular tliose irlated to tlie operations and finances of the Charity, and are satisfied that systems are in place to mitigate an exposui'e to major risks. Where appropriate, systems or procedures have been established to mitigate th¢ risks the Charity faces, Internal control i'isks are miniinised by the implementation of procedures for authoi'isation of all transactions and projects. Procedures are in place to ensure compliance with Iiealth and safety of staff, volunteers, clients and visitors. These procedures are periodically reviewed at least annually to ensure that they continu¢ to meet the needs of the charity. anis tion ucture Tjie Boai'd meets on a rcgular basis througliout the year, and by careful analysis of management accounts consid¢rs if there are any major risks to the future and to ensure that the company is a going concern and able to continue its work to benefit local residents in the Willowfield area of inner east Belfast. TRUSTEES, RESPONSIBIL￿lEs STATEMENT The trustces (who are also the directors of Willowfield Parish Community Association for thc purposes of oompany law) are r¢sponsible for preparing Ilie Trustees Annual R¢port and the financial stateiiients in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial stat¢ments for each financial year, whicli give a true and fair view of the state of affai1% of the charitable company and of the incoming resourcos and application of resour¢¢s, including the in¢ome and expenditure, of th¢ Charitable company for that period, In pi'ep&ring these financial statements, th¢ trustees air requi￿d to., select suitable a¢¢ounting policies and then apply th¢m consistently> observe th¢ methods and prin¢ipl¢s in th¢ Chariti¢s SORP 2019 (FRS 102). mak¢ judg¢meiits and accounting estiinates tliat are reasonabl¢ and prudent. state whether applicable UK accounting standards have been followed. subject to any materi81 departures disclosed and explained in the financial stateinents. and prepare the financial statements on the going ¢onceJ'n basis unless it is inappi'opriate to presume tliat the charitable company will continu¢ in operation. The trustees are responsible for keeping adequate accounting recoi'ds that disclose with irasonablc a￿ul.a¢Y at any tiine tli¢ financial positioii of the charitabl¢ Company and cnable th¢m to eiisuiy that the financial statem¢nts comply with Companics Act 2006. Tliey arc also i'espoiisible foi. safeguarding th¢ assets of th¢ charltable coinpany and Iietice for taking reasonable steps for the prevention and detection of fraud and other ii'regulai'ities. WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE Page 8 TRUSTEES ANNUAL REPORT (contlnued) YEAR ENDED 31 DECEMBER 2023 TRUSTEES, RESPONSIBILITIEI S STATEMEt NT (conllnued) In so fai. as the trustees are aware.. there is no IElevant audit information of which the charitable company's independent exaininer is unaware, And the triistees liave taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that tlie independent examiner is aware of that information. The trustees are I'esponsible for the maintenance ai)d integrity of th¢ corporate and financial infoi'mation included on the charitabl¢ company's website. Legislation in the Unit¢d Kiligdoin governing the pr¢paration ond di55¢minatioAi of fiiiancial stat¢in¢nts may differ from legislation in oth¢r jui'isdictions. INDEPEI NDENT EXAMINER GMCG Portadown Chaitei'ed Accountants has been re-appointed as independent examlner for the ensuing year. SMALL COIKPANY PROVISIONS Tliis report hus been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006. Registered offiLe: The Micah Centre 149A My Lady's Road Beflast BT6 8FE n¢d by ol'der of the trustees Pauline O Neill Company Secretary CHARTERED AeCOUNTAWT8 Page 9 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF WILLOWFIELD PARISH COMMUNITY ASSOCIATION YEAR ENDED 31 DECEMBER 2023 I report on the accounts of the charitable company for tlie year ended 31 December 2023 as set out on pages I I to 34. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMINER The chai'ity's trustees (who are also thc dii'ectors of Willowfield Parish Cominunity Association for the pui'poses of company law) are responsible for thc preparation of the accouiits in accoi'dancc 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 (Northern Ireland) 2008. follow the procedures laid down in the general Dii'ections given by the Chai'ity Commission for Nortliern Ireland undei. section 65(9)(b) of the Charities Act. and state whether particulai. matters have comc to my attention. BASIS OF ￿￿DEPENDENT EXAMINER'S STATEMENT I have cxamined your charity accounts as i'equii'ed under section 65 of the Charities Act and my examination was carried out in accordance with the general Directioiis given by the charity Coininission for Northern Ireland under section 65(9)(b) of the Charities Act. Tlie examination included a i'eview of the accounting records kept by the charity and a Comparison of the accounts pi-eseiited witli those records. It also includes 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 caiise to believe.. l. That accounting records were not kept in accordance with section 3 86 of the Companies Act 2006. 2. That tlie accounts do not accord with tliose accounting records. 3. That the accouiits do not comply with the accounting reqiiirements of section 396 of the Companies Act 2006 and with the methods and pi'inciples of the Charities Statcment of Rccommended Practice applicable to charities preparing tlieir accounts in accordance with the Financial Reporting Standai'd applicable in the UK and Repiiblic of Ii'elaiid. 4. Tliat thei-c is further information necded for a pi'opei. iinderstanding of tlie a¢¢oiints to be reached. Alfred House 19AlfredStreek BEtFAST BT2 8EQ DX39Lo NR BELFAsf 50 Cenlllry Ho￿e 40 Cresttnt Husine&8 Park tJSBURN BI'28 2GN 17 Mandeville Street VORTADOWN Craigavo BT62 3PB Tel.. +44(0)28 90311113 Fax.. +44(0)28 903L OTT7 Tel.. +44(0)28 9260 T355 Fax: +44(0)28 9260 1656 Tel.. +44(0)283833 2801 Fpx: +44(0)28 3835 0293 GMLGtsatrgdiD8 fL4meolGMLCCroupUnJliwl ReENoNIo59660. liliof Dkr£ciorna￿uahIe0IreB7￿ttrd0ltsL￿ ￿e￿81¢re0 lo ￿ndu￿a￿di1}s￿￿bYthe1ll$dtu￿OrchlrtetEaA¢eoVnI8ntsirLIre13lld AwerthrofTIAC@-AWorldwideAliaBee0fIudepp￿dEntAMl￿￿b￿$Thr1 www.gmcgca.c( Page 10 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF WILLOWFIELD PARISH COMMUNITY ASSOCIATION (contlnued) YEAR ENDED 31 DECEMBER 2023 INDEPEIYDENT EXAMINER'S STATEMENT I can coiifii'in tliat l ain qLialified to undertake tlie examination because I am a registei'ed m¢inber of Chartei'ed Accountants Ireland which is one of tlie listed bodies. I have completed my examination and have no concerns in respect of matters (l) to (4) list¢d above and, in connectioii with following tlie Dii-ections of tli¢ Charity Commission for Northci'n Ireland, I have found iio mattel's that require di'awing to your attention. C M Mccaiter FCA (Independcnt Examiiier) Chartei'ed Accountants Ireland Foi. and on behalf of GMCG Portadown Cliartei'ed Accoiintants & Statutory Auditor 17 Mandeville Street Portadown Ci'aigavon Coiinty Armagh BT62 3PB Date: Alfred House 19Alfred Slreel BEtJlAsf BT2 8EQ DX39LO NR BF.I.FAsf 50 CeDtury House 40 Crescent BllSitie$6 Park IJSBURN BT28 2GN 17MaDdewlle Slreet PORTADOWN CraigBvon BT62 3PB Tel.. +44(0)28 9031 IL13 F￿". +44(0)28 9031 OTn Tel.. +44(0)28 9260 7355 Fax.. +44(0)￿8 9260 1656 Tel.. +44(0)28 3833 2801 Fax.. +44(0)28 3835 0293 Charler&lAcwulltBDth l R4lB*tedAudtlord I CbarteYedTuAdviJorB l Forewl¢AttwDlanlB I c￿rat¢ MJJanLY Ad%ryKo GMLCiBa trad1Lg￿auJ￿o1cML¢ctU￿) li￿71ca. Ro8NoNtO59660. UstofDirector# avai]ablc at rogigieredttffire Re￿Sl￿£dt0CUnaUrt audil%￿rkbYthP1u*1IutC ofCbarteredArcountallbinlre]and AmeTDbet0lTIA￿.Aw0rIa*1deAnI￿￿ee0fj￿depCDdenLAy￿yO¥￿￿￿s www.8mcgea.c( WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE Page 11 STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING THE INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 DECEMBER 2023 2023 Uni'esti'lcted Restj'icted Funds Funds 2022 Note Total Total Income and endoivments from: Donations and Legacies Investments Other 222,116 601 145,152 367,268 601 285,880 332 1,950 Total income endowments 222,717 145,152 367,869 288,162 Expendlture on: Project management Charitable activities (32,959) (46,774) (171,642) (108,760) (79,733) (280,402) (86,193) (230,095) TotAl expenditui'e (204,601) (155,534) (360,135) (316,288) Net income/ (expenditui'e) 18,116 (10,382) 7,734 (28,126) Transfei's between thnds 22,000 (22,000) Net movement in funds 40,116 (32,382) 7,734 (28,126) Reconeiliation of funds; Total funds brouglit foi'wai 40,950 573,997 614,947 643,073 Total funds carrled forivard 81,066 541,615 622,681 614,947 The Statement of Financial Activities incliides all gains and losses arislng dui'ing the year. All income and expenditui'e dei'ive from continuiijg activities. Page 12 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE BALANCE SHEET 31 DECEMBER 2023 2023 2022 Note Fixed fissets Tangible assets 14 521,454 537,135 Current Assets D¢btoi's Casli at bai)k aiid iii liaiid 15 6,663 124,605 2,040 139,553 131,268 141,593 Ci'editoi's: Amounts falling due within one yeai. 16 {30,041) (63,781) Net ¢ui'rent assets 101,227 77,812 Totxl assets leyy L'urrent liabilities 622,681 614,947 Net Assets 622,681 614,947 Chaiity Fuiids Resti'icted Uiit'¢sti'icted 19 541,615 81,066 573,997 40,950 622,681 614,947 Tliese accouiits have been pi'epaied in accoi'dance witli the pi'ovisions applicable to coinpanies Slibject to tlie small companies I'egiine and in accoi'daiice witli Cliai'ities SORP (FRS 102). The dii'ectors at'e satisfied tliat tlie company is entitled to exeinption froin Ilie pi'ovisions of the CoinpYAiiies Act 2006 (tlie Act) relating to tlie aLidit of the finaiicial stateinenls for tl)e pei'iod by virtue of sectioii 477(2) relating to sinall coinpaiiies, and tliat iio inembei. oi. Ineinbci's liav¢ i'¢qii¢st¢d ali aiidit pursiiant to section 476(1) OF tlie Act, Tlie directoi's ackiiowledge theii. I'espoiisibilitles for.. (i) ensiiring tliat tlie coinpany keeps adeqiiate Hccoiinting I'ecoi'ds wliich comply with sectioii 386 of tlie Act, and {ii) pi'epai'ing finaiicial statements wliicli give a trlie aiid fail. view of the state of affairs ot the compaiiy as at tlie end of the fiiiancial pei'iod and of its sui'pliis oi. deficit for tlie fiiiancial pei'iod in FdCCOI'dance witli tlie ieqLllI'em¢iits of scction 393, and wliicli otliei'wise comply witli tlie i'equiremeiits of the Act relating to fiiiancial stateinents, so fat. as applicable to the company, Pag8 13 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE BALANCE SHEET (conflnutrd) 31 DECEMBER 2023 These financial statements were appi'oved by the m¢inbers of tlie committ¢e on the ... . and are signed on their behalf by: Rev Clive Atkinson (Chairman) Steplien Haite Esq (Treasurer) Pauline O'Neiil (Company Secretaiy) Company Registratton Nuinber., N1062808 Th8 notes on page 15 to 34 form part ofthese flnan¢lal $tatsments. Page 14 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS YEAR ENDED 31 DECEMBER 2023 2023 2022 Note Cfish floiv fi'om opei'Ating &ctivitie8 21 (15,549) (557) Net casli flow from opei'Atiiig activitie (15,549) (557) CAsh flow fi'om investlng Activities Interest received 601 332 Net cosli flow from investing Aelivities 601 332 Net decrease In cAsh and cash equivalents Casli and L'llsh equivxlents at I" January 20Z3 (14,948) (225) 139,553 139,778 Cash And cash equivftlents At 3181 De¢embeY 2023 124,605 139,553 Ca511 and easli eqiiivfileiits coiislst of: Casli (it bank and in hand 124,605 139,553 Cash 2nd ¢￿sh eqiiiv8lents at 31¥1 Decembei, 2023 124,6U5 139,553 Page 15 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 l. Summary of signiflcant accounting policles (a) General information and basis of prepai'ation Willowfield Pai'ish Community Association is a chai'itable pi'ivate company limited by guarant¢e and not having a share cllpital and is irgistei'¢d iti Noi*h¢i'n Ii'claiid. Tl)¢ address of th¢ i¢gistered office is given inl the chai'ity informatioii on page l of these financial stateineiits. Iii tlie evciit of tl)e cliarity being wound up, tlie liability in irsp¢¢t of the guarantcc is limitcd to £1 p¢i' member of the charity. The Company was incorpoi'ated on 24th January 2007, commenced operations oil I st January 2008 and is recognised as a chai'ity by Tl)e Cliai'ity Coinmission for Northern Ireland (charity reference numbei. NIC 103336). Tlie cotnpany was established under a Memorandurn of Association which established the objects and pow¢rs of the chai'itable company and is govei'ned iindei. its Aiticles of Association. The nature of the cliaritable coft]pany's operatioiis and principal activities are to reliev¢ poverty, sickness and the aged and to pi'omote the benefit of the inliabitants of Willowfield, Woodstock, Lagan Village, the Mount and th¢ surrounding area in East Belfast witliout distlLl¢tion of age, g¢nd¢i', sexual ol'ientation, disability/ability, race, political, religious or other opinion, by associaling with th¢ statutoi'y autl)oi'ities, voluntaiy oi'ganisations and the inhabitants in a coininon effoit to advance education, and to pi'ovide facilities in the interests of social welfare for recreation oi. other lelsiire-time o¢ciipation, with the object of impjoving the Conditions of life for the said inliabitants, and in paiticuIar: cliildi'¢n (pre-school and primary school ages), teenagers, unemployed adults, single parent families, families struggling with poverty and depi'ivation and the eldei'ly and vulnerable, The cliaiitabl¢ coinpaliy Goi)stitut¢s a public ben¢fit entity as defined by FRS 102. The fiiiancial statements have been pi'epai'ed in Hccoi'dhnce with the accoiinting policies set out in notes to the financial statements aiid applicable accoiinting standard, Accounting and Repoiting by Charities: Statement ot"Recominended Praoti¢e appllcable to ¢hw'ities PiEparing their accounts in accordance with the Financial Repoiting Standard applicable in the UK and Repiiblic of Ii'eland issued in Octobei, 2019, th¢ Financial R¢poi'ting Standai'd appliGabl¢ in th¢ United Kingdom and Republic of Ircland (FRS 102), the cliai'ity's govei'ning dociiineJ)t, tlie Chai-itlcs Act (Northei'ii li'¢land) 2008, Cliaritles A¢t (Noi'tliei'ji Ireland) 2013, The Charities (Accounts and Rcpoi'ls) Regulations Oqortliei'n Ireland) 2015. Coinpanies Act 2006 and UK Genei'ally Accepted Accounting Pi'actice. The financial statements are prepai'ed on a golng concern basis under tlie liistoi'ical cost convention, Jnodified to incliide Ceitain items at fail. value. Tlie chai'ity is entliely dependent on contlnuing gi'ant aid and as a conseqiience thc goiiig concern basis is also dependent on, th¢ conlinuing gi'ant aid. Tlie financial statements are prepared iii st¢i'ling wliicl) is the functioi)al curitncy of tlie cl)ai'ity, The significaiit accounting policies applTed in tlie pi'epai'ation of these financial statements al'e set out below. These policies have been consistently applied to all years pi'esented unless otherwise stated. Page 16 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (¢ontlnuedJ YEAR ENDED 31 DECEMBER 2023 (b) Funds Tlie coinpany l)as two types of fiinds fot. which it is responsible. A defiiiition of tliese fiinds is as follows: Unresti'icted fiinds are available for iise at the discretion of the trustees in ￿1,theran¢e of the g¢n¢i'al objectives of tlie cliarity wliicli liavc not,be¢n designated foi. otliei. piirposes, Restricted fiinds are fiiiids which al'e to be iised in a¢coi'dan¢e with specific I'esti'ictions imposed by donors oi. wliicli liave been raised by the chai'ity foi. pai'liciilai, PLlI'poses, Tlie cost of I'aisiiig and adininistei'iiig siicli fiinds Rre cliai'ged agaiiist tlie specific fiind. Tlie aiin and iise of eacli I'estricted flind is set oiit in tlie notes to the fiiiaiicial statements. Ti'ansfei's between funds include ti'ansfers fi'oin iinresli'icted funds to covei, deficits in I'esti'icted fiinds. (c) Income All incoine is iiicliided in the Statement of Fiiiaiicial Activiti¢s (SofA) wlien the chai'ity fts legally eiititled lo tlie income after any pei'foi'inance coiidilions liave been Inet, the ajnoiiiit cali b¢ Ineasuird i'cliably and it is probable that the incoine will be received. Foi. donati011g to be recognised tlie cliarity will liave been notifted of the amounts and the settlemeiit date in writing. If thei'e at'e conditions attached to tlie donatkon aiid this I'eqiiiies a level of pet'foi'inance befoi'e entitleinent can be obtained tlien iiicome is defei'i'ed iintil those coiiditioftis i'e fiilly Inel oi. tlie fLilfilment of those coiiditioiis is witliiii tlie control of tlie cli4rity llnd it is pi'obable that tliey will b¢ fulfilled. Donated facilities and donuted professional sel.vic￿ are i'ecognis¢d in incoine at their fair value Ivheii tlieii. economic beiiefit is pi'obable, it can b¢ IncasLiied I'eliably and the chai'ity lias conti'ol ovei. the itein. Fair VAliie is determined on tlie basis of the valiie of the gift to t5ie cliai'ity. For exainple tlie amoiint tlie eliai'ity ivoiild be willing lo pay iii the opeii tnai'ket foi. siich facilities and seivices. A coi'iespoiiding amoiint is recognised iii expenditiii'e, No ainouiit is incliid¢d in the financial stateinents foi. voliinteei. time in line with tlie SORP (FRS 102), Fui'thei. detail is given iii the Ti'LlStees' Aiiniial Repoi't. Whei'e practicable, gifts in kind doiiated for disti'iblltion to Ihe beneficiaries of tlie chai'ity are included iii stock and donations iii tlie fiiiancial statemeiits upon I'eceipt. If it is iinpi'acticable to assess the fair valiie at I'eceipt ol. if tlie costs to iiiidejtake suoli a valiiation oiitweigli any benefits, tlieii tlie fail. valiie is I'ecogiiised as a coinpoiienl of doiiations wlieii it is disti'ibuted aiid an equivaleiit ainoiint i'ecogiiised as chai'itable expenditiiir. Voluntaiy iiicoine I'eceived by way of donations aiid gift are inclLided in the SOFA when received. Page 17 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS fcontlnued) YEAR ENDED 31 DECEMBER 2023 (c) Ineome (continlled) Gifts An kind donated foi, i'¢sal¢ ar¢ inGlud¢d at fail. valu¢, being the expected proceeds froin sale less the expected costs of sale. Wliei'e estimating th¢ fail. value As pi'acticable upon I'cccipt it is rccogniscd in stock and 'Income fi'om othcr trading activities, Upon sale, the value of the stock is charged against 'lncome from,othei' Ii'ading activities, and the proceed.8 are IE¢ogiiised as 'lncome from otliei. trading activities,. Where it is iinpracticable to fair vali1¢ the items due to the voliime of low valu¢ items they are not i'eeognlsed in the financial statements until they are sold. Tliis income is recognised within 'Incoine from other ts'ading activities,. Fixed asset gifts in kind are recognised when r¢c¢ivable and ar¢ included at fail. value. They arc not defei'red ovei. tlie life of tlie asset. Foi. legacies, entitleinent is the earlier of the charity being notified of an impending distribution or tlie legacy being i'eceived. At this point iiicome is i'e¢ognis¢d. On occasion legacies will be notified to the ¢Riarity however At As not possible to measure the amount expected to be disti'ibuted. On these occasions, the legacy is treated as a contingent asset and dis¢los¢d. Iiivestment income is interest eai'ned tlii'ough liolding casli at bank. Inter¢st income is iycognised wh¢ii I'¢ceivabl¢. Otliei. incoine repi'esents incoine that cannot be i'eported under the otliei. analysis headings provided within the SOFA. (d) Expendlture recognition All expenditure is accounted foi. on accruals basis and has been classified linder headings that aggi'egate all costs I'¢lated to the category. Expenditui'e is recognised wliere thei'e is a legal or construotive obligfttion to make payments to tliii'd parties, it is pi'obable that the settlement will be I'equiiEd and the amoiint of tlie obligation can be measured reliably. It is categorised uiidei. tlie following headlngs: Costs of project inanagement Aiicludes salaiy costs, i115uI'aiicc and depA'eciatioii' Expenditure on charitable activities iiicludes dii'ect costs (foi. example salaiy costs, pi'ogramme expeiises, riinning costs, telephone costs). Ii'recoverable VAT is chai'ged as an expense agalnst the activity for which expenditui'e aiDse. (e) Support eosts - Allocrdtion Support costs are those that assist tlie worlc of the ohai'ity biit do not d&iEetly i'epresent chai'itable activities and include offic¢ costsj govei'ndnce costs and adininisti'ative payroll costs. Tliey al'e iiiLLlI'red directly iii siipport of expeiiditiire oil the objects of tlie chai'ity. Where siippoit costs cannot be dii'ectly attributed to paiticular headings they have beeii allocated to cost of I'aising funds and expenditure on chai'itable activities on a bASiS ¢onsistent with iise of the resoui'ces. Pi'emises ovei'heads have beeii allocated on a basis consistent with the use of tlie i'esoLlI'ees. Staff costs and other overheads have been allocated on the basis of time spent on I'aising certain fiinds or activity, Page 18 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS ( contlnuodj YEAR ENDED 31 DECEMBER 2023 (e} Supyoi't costs - allocation (coiitinued) Fund-raising costs are tliosc inciii'i'ed in seeking voliintary conti'ibiitions and do not incliide tlie costs of disseminattiig tnfoi'mation in siippoit of tlie charitable activities. The analysis of these costs is incliided in note 7. (D Tfingible fixed assets Tangible fixed asse15 al'e stated al cost less accuiniilated d¢pi'eLiation and aLcuiniilaled impaii'inent losses, Cost incliides costs dii'ectly atti'ibutable to making the asset capable of opei'atiiig as iiiteiided, All tangible fixed assets costing inore than £1,000 are capitalised. Depi'eciation is pi'ovided on all taiigible fixed assets, at l'ates calciilated to wi'ite off tlie cost, less ¢stimated residlial value, of e8cli asset on a systematic basis ov¢r its expected usefiil life as follows: Fi'eeliold piDperty Equipinent Fixtiii'es and Fittings Motoi. Vehicles 20/0 Sti'aight line 33 113 % straiglit line 33 113 % straiglit linc 250/0 Straigl)t l ine (g) Debtor8 and ci'editors receivable I payable witliin one yeai. Debtol's and ci'editoi's witli iio slated in¢eiESt rate and I'eceivablc or pay¢ible within on¢ y¢ai' are i'ecorded at transaction pi'ice. Any losses ai'ising fi'oin iinpairment al'e i'ecognised in expenditLlI'e. (h) ImpAlI'ment Assets not measured at fail. valiie are revieived for aiiy iiidication tliat the asset inay be iinpaiied at each balance slieet date. If sii¢li iiidicotioii exists, Ilie i'ecovei'able oinoiint of tlie asset, oi. tlie asset's cash genei'ating iinit, is estimated and compai'ed to tli¢ cai'tying amount, Wliei'e the cariying amouiit exoeeds its i'ecovei'able ainoiiiit, ali iinpaii'imeiit loss is r¢wgiiised iii pt'ofit oi. loss. (i) Pi'ovision.g Pit)visioiis are I'ecogiiised wlien tlie cliai'ity has ali obligatioii at tlie balance slieet date as a I'esult of a past eveiit, it is pl'obable tliat an oiitflow of economic beiiefits will be reqLiired iii settlemetit aiid the ainouiit can be I'eliably estiinated. a) Leases Rentals payable and I'eceivable linder opei'atiiig leases al'e cliai'ged to the SOFA on a straight line basis ovei. the pei'iod of the lease. Page 19 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (contlnu8d) YEAR ENDED 31 DECEMBER 2023 (k) Employee benefits When employees have irndered service to the chai'ity, short-tei'm employee benefits to whicli the etnployees at'e entitled al'e recognised at tlie undiscounted amount expected to be paid in exchange for that sei'vice. (l) Tax As a charity, the coinpany benefits from vai'ious exemption.8 afforded by tax legislatlon. It is th¢refoi'e iiot liable to corporatioii tax on income or gains falling diie within those exemptions. Recovery is made of tax deducted from receipts under gift aid. (m) Going eoneern Tlie financial stateineiits l)av¢ bc¢ii pi'epai-ed oil a going coiicern basis as the trustees belicvc that Jio fflaterial unceitainlies exist. The ti'ustees have considered the level of fuiids held and the expected level of income and expenditure foy 12 months from autliorising these financial statements. Tl)e biidgeted income and expenditiire is sufficient with the level of resei'ves for the chai'ity to be able to continiie as a going coiicei'n. (n) Judgements and Iiey sources of estimation uncertainty The following judgciTA¢nts iiicludilig tliose involving estiinates have been made in the process of applying tlie above accounting poli¢ies that have had the most significant effect on the amouiits recognised in the financial statements and that have a significant risk of causing a Jnaterial adjiistment to the cai'rying amoiints of assets and liabilities within the Iiext financial yeai.; (i) depreciation method and asset useful lives The estimates and assiimptions are r¢vi¢w¢d on an ongoing basis considering th¢ curitnt ai)d future market conditions. Page 20 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (conllnued) YEAR ENDED 31 DECEMBER 2023 Income from donations And legacies Unresti'icted Resti'icted TotRI Funds Uni'esti'icted Funds riund8 2023 Fiinds Resti'icted Total FLinds Fiinds 2022 Doiiations Gi'ants Gift Aid 85,984 131,790 4,342 40,333 104,819 126,317 236,609 4,342 63,742 129,622 6,021 199,385 22,415 64,080 86,157 193,702 6,021 222,116 145,152 367,268 86,495 2l15,880 Income from investments Uni'eslricted Resti'icted Total Funds Uni'estt'icted Fund8 Funds 2023 Fiinds Restricted Total Funds Fuiids 2022 liitei'est - deposits 601 601 332 332 601 601 332 332 Other income Uni'estrieted Restricted Total Fiinds Uiii'esti'icted Fiiiids Fiinds 2023 Fiiijds Resti'icted Total Fiiiids Fuiids 2022 Rent I'¢ceivable 1,950 1,950 1,950 ,950 Page 21 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (contlnu8d) YEAR ENDED 31 DECEMBER 2023 Pi'oject management Unresti'icted Restrficted Tolal Funds Unre$tri¢ted Funds Funds 2023 Funds Restrt¢ted Total Fiinds Funds 2022 Col'e 2etivitie Support costs 28,677 28,677 10,460 10,460 39,137 39,137 43,495 43,495 1,472 1,472 44,967 44,967 Micah Centre: Bank fees Caretaker and cleaniiig Motor vehicle expenses Support costs 181 181 133 133 5,482 5,482 7,571 7,571 1,344 2,757 1,344 33,589 40,596 79,733 1,180 8,420 9,733 53,228 1,180 32,342 41,226 30,832 36,314 46,774 23,922 4,282 32,959 31,493 32,965 86,193 AnAlysis of expendlture oil chai'ltAbIe Activities Activities undeitakeii directly UnrestriLted Resh'icted TotAI Total 2023 2023 Support Costs Total 2023 Family Suppoit Project Cliildi'en's and Yoiith Pi'oj¢Gt Outi'¢acli Project 71,939 71,939 18,248 53,691 116,538 91,925 116,538 91,925 280.402 79,724 73,670 171,642 36,814 18,255 280,402 108,760 £108,760 (2022 - £67,212) of the above costs wei'e otti'ibutable to restricted fiiiids. £171,642 (2022 - £162,883) of the abov¢ costs w¢r¢ attributable to uni'¢stricted funds, Page 22 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS { conllnued) YEAR ENDED 31 DECEMBER 2023 Analysis of expen(liture on chRritable activities fcontlnued) Activiti¢s undertaken directly Uni'esti'icted Resti'icted Total Total 2022 2022 Siippoit costs Total 2022 Family Siippoit Pi'oject Clii Idren's aiid Yoiith Pi'oject Outreach Pi'ojcct 53,716 53,716 19.732 33,984 83,454 92,925 83,454 92,925 230,095 67,791 75.360 15,663 17,565 230,095 162,883 67,212 £67,212 (2021 £155,684) of tlie above costs wei'e attribiitable to I'esti'icted fLinds. £162,883 (2021 £80,068) of tlie above costs were attributable to Iini'esti'icted funds, Allocation of siipport costs Basis of allocation Pi'oject Family Childi'en's Outreacli Manageinent Siipporl and Yoiith Project Pi'ojecl Pi'oject Tolal 21123 Suppoii cost Wages & salai'ie5 Pi'ogi'aiiiine cxpenses Repairs and muintenance Rates Insiii'ance Heal and light Sialioneiy, siipplies & phone Depi'eciation Govei'nance Time spent 34,139 48,429 88,139 76,882 247,589 Est usage 6,184 22,193 26,299 11.816 66,492 Est iisag¢ Est usage Est usage Est usage 3,268 1,075 4,500 4,958 400 474 4,142 1,075 5,664 5,558 1,164 600 Est iisage Cosi Cost 317 2,100 3,606 15,6¥1 3,321 15,681 2,921 400 Total 72,726 71,93Y 116,538 91,925 353,1211 Page 23 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (¢ontlnu8d) YEAR ENDED 31 DECEMBER 2023 Alloeation of support costs (contlnu•d) Basis of allocation Project Fainily Children's Outreach Manag¢in¢nt Support and Youth Project Project ￿'oje¢¢ Tolal 2022 Siipport cost Wages & salaries Progi'ainine expenses Repaii's and iiiaiiitenance Rates Insuranc¢ Heat and light Siationcry, suppli¢5 & phon¢ Depi'eciation Governance Tiine spent 46,877 43,440 71,714 75,241 237,272 Est usage 2,150 6,176 11,302 12,701 32,329 E51 usage Est usage Est usag¢ Est usage 2,013 971 2,803 438 882 3,333 ,135 5,170 5,056 164 2,367 1,569 3,487 Bst usage Cost Cost 1,898 17,993 2,604 614 2,512 17,993 2,604 83,454 92,925 307,404 Total 77,309 53,716 Govei'mance cost8 2023 2022 Note Tnistee remunei'ation Trustee expenses Independent examiner's fees Auditor's i'emuneration (including expenses and beneflts in kind) 11 11 io 10 2,757 2,604 2,604 2,757 Net ineomel(expeiiditure) for the year This is stated aftei. cliarging: 2023 2022 Depreciation of tangible fixed assets 15,681 17,993 Page 24 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (conllnuodj YEAR ENDED 31 DECEMBER 2023 10. Independent examiner 8 remunerAtion The iiidependent examiner's reinunei'ation amounts to independent exaininei s fee of £1,285 (2022 £Nil) and othet. sei'vices of £1,472 (2022 - £Nil). Tlie auditoi s remun¢ratioii amoiiiits to an aiidit fee of £Nil (2022 - £1,284) aiid otliei. sciwic¢s of £Nil (2022 £1,320). I l. Ti'ustees, an(1 key mAnagement pei'sonnel remiinerxtion and expenses Tlie Ti'iist considers its key management pei'soniiel to be Heatliei. Piii'dy. Tli¢ trustees neith¢i' I'eceived iioi, waived aiiy remuncratioj) dui'ii)g tlie yeai. (2022 £Nil). Tlie triistees did r]ol Iiave any expenses I'cimbursed diiring the yeai. (2022 £Nil). 12. SIAff costs And employee benefits Tl)e average Inontlily niiinber of employees and fLII I time eqiiivalent (FTE) dut'ing th¢ yeai. was as follows., 2023 Number 2023 FTE 2022 Niimbei. 2022 FTE Pi'ojcct management Charitable activities 10 12 Tlje total staff costs and einployees, beiiefils was as follows.. 2023 2022 Wages and s81aries Social secui'ity Pension 226,288 13,377 7,924 219,743 10,635 6,894 247,589 237,272 Page 25 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (¢onllnued) YEAR ENDED 31 DECEMBER 2023 12. Staff costs and employee benefits (contlnuod) 2023 2022 Allocatcd to: CoiE Activities Family Support Project Children's and Youth Project Outt'eacli Pi'oject Micah Centir 34,139 48,429 88,139 76,882 43.440 43,440 71,714 75,241 3,437 237,272 247,589 No employees i'eceived total employee benefits (excluding employei. pension costs) of mol'e than £60,000 (2022: None). 13. Taxation statu$ As a chai"ity, the coinpany benefits from various exemptions afforded by tax legislation. It is therefoi'e not liable to corpoi'ation tax on income oi. gains falling due within those exemptions. Re¢ovety is made of tax dediicted fi'om receipts linder gift aid. 14. TAngible r￿ed Assets Fixtures & Fittings Motor Vehicles Buildings Equipment Total COST At l January 2023 Disposals 668,535 20,118 (2,695) 50,539 11,500 750,692 (2,695) At 31 December 2023 668,535 17,423 50,539 11,500 747,997 DEPRECJATION At l Jaiiuaiy 2023 Cliarge foi. tlie yeai. Oli disposals At 31 December 2023 133,710 13,371 20,118 48,229 2,310 11,500 213,557 15,681 (2,695) 226,543 (2,695) 17,423 147,081 50,539 11,500 NEIT BOOK VALUE At 31 December 2023 521,454 534,825 521,454 537,135 At 31 December 2022 2.310 Page 26 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS fGc¥ntlnuedJ YEAR ENDED 31 DECEMBER 2023 14, Tanglble flxed assets (conllnued) BLiildings comprise Tlie Micali Centre, Belfast and 91 RavenliAII Road, Beltast. Willowfield Pai'ish Coininiinity Asso¢iatioii lease the land on whtch tlie Micah Centie is built on from the Repi'eseiitative Chiirch Body iii Diiblin. Tlie l¢ase is ov¢i' 25 years fi'oin I sl Januai'y 2006. 91 Ravenl)ill Road is leased witli a t¢i'in of 9,000 years wliicli coinincnced on 20 ' Janllaiy 1982 and Ihe piopci'ty was sold in Janiiaiy 2024. 15. Debtoi's 2023 2022 Acci'ued income 6,663 2,040 6,663 2,040 16. Ci'editurs: Amounts falling due wlthill one yeai. 2023 2022 Acci'uals Def¢i'i'¢d income Otliei. tax and social seciii'ity Otlier ci'editoi's 1,716 23,000 4,076 1,249 1,680 60,838 1,263 30,041 63,781 17. Defei'i'ed income Undei- l yeur Tot¥1 At l Jaiiiiaiy 2023 Additioiis diii'iiig Ilie year Amoiiiits I'eleased to iiicome 60,838 23,000 (60,838) 23,000 60,838 23,001) (60,838) 23,000 At 31 Deeember 2023 Iiicoine lias been defet'red at 31 Deceinbei. 2023 as it I'elates to donations foi, tlie next finaiicial yeai.. Defei'i'ed incoine is imade lip of Gi'Afton Mission Cliaritable Ti'ust £23,000. Page 27 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (¢ontlnued) YEAR ENDED 31 DECEMBER 2023 17. Defei'i'ed iucoine (contlnuedj Undei. l year Total At l Janiiary 2022 Additions during tlie year Amounts irleased to income 50,580 60,838 (50,580) 60,838 50,580 60,838 (50,580) 60,838 At 31 D¢ceinb¢i' 2022 Income lias been deferred at 31 Decembei. 2022 as it relates to donations and grants for tlie next financial yeai.. Deferred incoine is made up of Gaifield Weston £20,000, DFC £5,838, Grafton Mission Charitable Triist £28,000 and Willowfield Pai'ish Chuirli £7,000. 18. Contlngellt liabilities The company has a contiiigent liability to IEpay grants received if certain conditions al'e Jiot inet oi. if they aiE breached, 19. Fund i'e¢oiiciliation Uni'esti'lcted funds Balance at l January 2023 Income Expenditure Transfei's Balanee Rt 31 December 2023 Reveiiue Capital 40,950 222,717 (204,601) 22,000 81,066 40,950 222,717 (204,601) 22,000 81,066 Balance at l Janiiaiy 2022 Income Expenditlli'e Ti'ansfei's Balance at 31 December 2022 Revenue Capital 39,143 201,667 (216,111) 16,251 40,950 39,143 201,667 (216,111) 16,251 40,950 Page 28 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (conllnuod) YEAR ENDED 31 DECEMBER 2023 19. Fund reconciliation {conllnuedJ Restricteil fundj Balance at l Janiiai'y 2023 Incoine ExpenditLlI'e Ti'aiisfei's Balance at 31 December 2023 Reveiiue Capital 36,862 537,135 145,152 (155,534) (6,319) (15,681) 20,161 521,454 573,997 145,152 (155,534) (22,000) 541,615 Balance at l Janiiaiy 2022 Incoine Expenditure Ti'ansfei's Balanee at 31 Deceinbei. 2022 Revenu¢ Capital 48,802 555,128 86,495 (100,177) 1,742 (17,993) 36,862 537,1.15 603,930 86,495 (100,177) (16,251) 573,997 Fuiid desLriptiony a) ￿li.e.Sh,ICIe￿Jl1lid,% Uiiresti'icted fLiiids al'e available fot. Iise at tlie disci'etion of tlie ti'ustees in fiirthei'ance ot. tlie genei'al objectives of tlie chai'ity wliicli have not been desigiiated foi. othei. piirposes. b) Resli'icledfiinds Resti'tcted fiiiids al'e fiiiids whicli ale to be Lised iii accoi'daiice witli specific I'esti'ictioiis iinpos¢d by donot's oi. wliicli liavc been I'aised by tlie Lharily foi- particular PLlI'poses. Tlie cost of raisiiig and adininistei'ing such fiinds are cliai'ged against the specific fui)d. Tlie aim and iise of e8clI i'eslricted fuiid is 8et out iii tlie notes to ilie financial statemeiits. Page 29 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (contlnued) YEAR ENDED 31 DECEMBER 2023 20. Analysis of net as8¢ts between funds As at 31 December 2023 Uni'esti'lcted funds revenue eApitAI Restricted funds -i'evenue -capital Total Fixed assets Casli 111,107 Othei. current assetsl{liabilities) (30,041) Total 81,066 521,454 521,454 124,605 (23,378) 622,681 13,498 6,663 20,161 521,454 As at 31 Dec¢inbei' 2022 Unrcstrictcd funds revenue capital Resti'icted funds -i'eveniie -capital Total Fixed assets Cash 96,595 Other cui'rent assetsl(liabilities) (55,645) Total 40,950 537,135 537,135 139,553 (61,741) 614,947 42,958 (6,096) 36,862 537,135 21. Reconciliation of net incomel(expendlture) to net cash flow from operating VdCtiv5tles 2023 2022 Net income l (expendittire) for year 7,734 (28,126) Intei'est receivable D¢pi'eciation and impaii'ment of tangible fixed assets Iiici'ease in debtoi's (DeciYas¢)liiici'¢ase iii cr¢ditoi's Net cash flow from operating activities (601) 15,681 (4,623) (33,740) (15,549) (332) 17,993 (694) 10,602 (557) 22. Transfei's Fuiids were ti'ai)sferred fix)in unrestricted funds to resti'i¢ted fiinds to Cover shoitfalls in restricted fundiiig. Wlieii coliditions oil projects Iiavc be¢n inet, it is deeined the restriction ceases and any suA'plus¢5 are transfei'iEd fi'om i'estricted funds to uni'esti'icted funds. Deprecialion foi. Ilie yeai. was transferi'ed fi'oin I'eveniie fiinds to capital fiinds. Page 30 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS ( conllnued) YEAR ENDED 31 DECEMBER 2023 23, Relfited plli'ty tl'Ansactions Rev Clive Atkinson is a ti'ustee in tlie company and in Willowfield Pai'ish L'hui'ch. Willowfield Pai'ish Chui'cli Inade donatioiis to the compnny dui'iiig tlie yeai. of £56,892 (2022: £29,832). No otliei. ielated party ti'ansactions have occiirred in the yeai.. 24. Events aftei. the i'epoi'ling peft'iod In Janllary 2024, the propei'ty at 91 Ravenhill Road witli a net book vali1¢ of £10,319 at tl)e balance sli¢¢t date was sold foi. pi'oceeds of £96,000 less legal and eslale agent costs totalliiig £3,046, iesultiiig in a gain on disposal of £82,635. 25, Company Limited by GiiAI'antee The coinpany is limited by guaiyntee aiid lias no sliai'e capitAI. On a ivinding lip membei's may be ieqiiii'ed to contribiite 8 Inaxiinum of £1. Pag& 31 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS {¢ontlnu•d) YEAR ENDED 31 DECEMBER 2023 26. MOVEMENT IN FUNDS A¢¢umulAted surplus of ineome over expettdituye At I JAn 2023 Aeeiimulhted surplus of iTh£ome over Qxpendltllre at 31 Dec 2023 Smrplusl (deficlt) after trAnsf¢r8 2023 Incom¢ 2013 Exp¢nditur¢ 2023 Tr&nsfers 2023 UnreJti'leted Funds Cor¢ activities Salary r¢s¢rv¢ Family Support Children's and Youth Pmject Outreach Project Mieah Centre 1,368 38.000 33.021 (28.677) (3,000) 25,000 ,344 25,000 6,784 2,712 63,000 6.784 25,032 (18,248) 83,266 75.053 6,345 {79,724) (73.670) (4,282) 3,542 1,383 2,063 3,542 2,965 2,063 .582 Total Unrestri¢t¢d Funds 40,950 222,717 (204,601) 22,000 40,116 81,066 Allocation- Revenue Capll81 40,950 222,717 (204,601) 21000 40,116 81,066 Total Unrestricted Funds 40,950 222,717 (204,601) 22.000 40,116 81,066 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE Page 32 NOTES TO THE FINANCIAL STATEMENTS (conllnued) YEAR ENDED 31 DECEMBER 2023 26. MOVCMLINT IN FUNDS (Contlnued) AccumulAled yui'plus of incom¢ ovcr expenditure al l Jsn 2022 A¢cumuluted surplys of Surplusl Ideficlii Income over after Ir4n5fcrs exp¢nditui'c at 2022 31 Dec 2022 Income Expenditure 2Q22 Tran$f¢rs 2022 2022 Unreslricled Funds Core Activities Salary rcserv¢ Family Suppoi Children's Ènd Youth Proj¢¢l Oulrea¢h Project Micoh Centre 44,863 {43,495) 1,368 18,000 1,143 1,368 38,000 13.338 (19.732) 5,251 (1,1431 60.761 76,942 5,763 (67,7Y I I (75,360) (9,733) 7,030 1,582 1,582 3.970 TotAI Unrestricted Funds 39,143 201,667 {216,111) 16,251 1.807 40.950 Alloeation- Revenue Capilal Total Unreslricted 39,143 201.667 16,251 1,807 40,950 39,143 201.067 16,251 1.807 40,950 Page 33 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS {contlnu¢dJ YEAR ENDED 31 DECEMBER 2023 26. MOVEMLI NT JN FUNDS ccumulfited surplus of Income over expendiluye nt I JAN 2023 Accumulated surplus of Income over expenditure Rt 31 Dtt 2023 Surpliisl {deflclt) after transfers 2023 Income 2023 I xpenditui'¢ TrAnsfers 2023 2023 Re5tricle(J Funds Core 8¢livili¢s Family Support Cllildi'en's and Youth Proj¢¢l Oiilreach Project Mlcah Cenlr¢ Reveiiu¢ Capital Total Reslricl¢d Funds 3,900 7,339 10,459 53,848 (10.460) (53,691) (i) 157 3,899 7,496 14,677 10,946 37.605 21.240 (36,814) (18,2551 (12,0001 (i 0,000) (11,209) 17,015) 3,468 3,931 22,000 (36,314) 15,681 (15,681) ,367 (15,681) 1,367 521,454 537,135 573,997 145,152 (155,534) (22,000) (32,3112) 541.615 Allocation Revenue Capital 36,862 537,135 145.152 (155.534) (6,319) (15,681) {16,701) (15,681) 20,161 521,454 Total Reslricled Funds 573.997 145,152 (155.534) (22.000) (32.382) 341.615 Page 34 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS {contlnued) YEAR ENDED 31 DECEMBER 2023 26. MOVLMEI NT IN FUNDS {Continuod) ALLuinulated suiplus of income over expendlture at l Jail 2022 ALeumul4ted surplus of Surplusl (deficit) income ovei. after transfers expenditure al 31 2022 D¥¥ 2022 Income Expendi￿1￿ 2022 Ti'ansfers 2022 2022 l£esti'ieled Furkds Core activities Family Support Children's and Youth Pi'ojecl Ouircach Projcct Micah Cen14'e Revenue Capital J,900 2,938 1,472 38,385 {1,4721 (33,9841 3.900 7,339 4,401 30,529 1,435 16,062 17,076 115,6631 (17,5651 (16,251) 115,8521 (4891 14,677 10,946 13,5UiI (31.4Y31 17.993 {17,993} 555,128 (17,9931 537.133 Total Rcslricted Funds 603,930 86,495 {100,1771 {16,251} (29,9J31 573,997 Allocation RevenLie CapiiHI 48,802 555,128 86,495 (100,177) 1,742 (17,993) (11,940} {17,993) 36,862 537,135 Total Restrieled Funds 6n.I,9311 116,4Y5 (1011,177) (16,251) (29,91.11 571,997 Page 35 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE DETAILED ANALYSIS OF MOVEMENT ON FUNDS YEAR ENDED 31 DECEMBER 2023 27. ANALYSIS OF CORE ACTIVITIES Unrestricted Restricted Funds Funds JIqCOME Donations Willowfield Pai'ish Chul'ch Other Donations Intei'est i'eceivable 750 170 601 5,461 1,521 5.461 Grants Tiidoi. Tj'ust DFC 31.500 4,998 4,998 31,500 TOTAL JNCOME 33,021 10,459 ExPEND￿uRE Salarics Programme expenses TOTAL EXPENDITURE 28,677 5,462 4,998 28,677 10,460 SUIIPLUS/(DEFICIT) OF INCOME OVfR EXPII NDITUR FOR THLI YEAR 4,344 39,368 22,000 (i) 3,900 Accuinulated sui'plus of Incotn¢ ov¢r ExpGndituiY at l Januai'y 2023 NET INCOMlllG TRANSFERS IN THE YEAR ACCUThWLATED SURPLUS OF INCOME OVEI R EXPENDITURE AT 31 DECEI MBER 2023 65,712 3,899 Page 36 WILLOWFIELD PARISH COMMUNITY ASSOCIATION COMPANY LIMITED BY GUARANTEE DETAILED ANALYSIS OF MOVEMENT ON FUNDS fcontlnuedj YEAR ENDED 31 DECEMBER 2023 28, ANALYSIS OF FAMILY SUPPORT PROJE( CT Unresti'icted Resti'icted Fiinds Funds DoRl8tions Willowfield Pai'ish Cliiii'cli Otlier Doiiations 3,488 744 4,232 Gi'ants Dt Churcli of Irelancl Prioi'ffttles Ftind Enl